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Research on the Financial Performance of Haier Smart Home and Strategies for Improvement in the Context of the Digital Economy

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영문명
발행기관
The International Academy of Global Business and Trade
저자명
Qin Yang
간행물 정보
『Journal of Global Business and Trade』Vol. 20, No. 2, 79~88쪽, 전체 10쪽
주제분류
사회과학 > 무역학
파일형태
PDF
발행일자
2024.08.31
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Purpose - For the manufacturing industry, digital transformation and development are essential future trends and requirements for the manufacturing industry, serving as the internal driving force for achieving sustainable development. After 40 years of development, Haier Smart Home Co., Ltd. has consistently focused on the home appliance sector, continually refining its business model, embracing digital transformation, and enhancing its overall performance. Design/Methodology/Approach - Through the financial data from 2014 to 2023, this paper analyzes and researches the four dimensions of solvency, operating ability, profitability, and growth ability, assesses the financial performance of Haier Smart Home, searches for more efficient operation methods. Findings - Haier Smart Home initially benefited from the rapid development of the digital economy from 2014 to 2018. However, after 2018 with the rapid development of the digital economy Haier Smart Home instead lagged behind the development of the digital era. In order to enhance financial performance, corresponding countermeasures are proposed to optimize the enterprise capital structure, establish diversification strategies, and improve the competitive advantage of digital products. Research Implications - This paper examines the relationship between China’s digital economic development and the growth process of Haier’s smart home and proposes corresponding improvement countermeasures for existing problems, providing a reference for the development of other home appliance manufacturing enterprises.

영문 초록

목차

Ⅰ. Introduction
Ⅱ. Haier Smart Home Financial Performance Study
Ⅲ. Analysis of the Relationship Between the Development of China’s Digital Economy and Haier Smart Home
Ⅳ. Research on Countermeasures to Enhance Financial Performance in the Context of the Digital Economy
Ⅴ. Conclusions and Insights
References

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APA

Qin Yang. (2024).Research on the Financial Performance of Haier Smart Home and Strategies for Improvement in the Context of the Digital Economy. Journal of Global Business and Trade, 20 (2), 79-88

MLA

Qin Yang. "Research on the Financial Performance of Haier Smart Home and Strategies for Improvement in the Context of the Digital Economy." Journal of Global Business and Trade, 20.2(2024): 79-88

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