Advances in Economics, Management and Political Sciences

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Proceedings of the 7th International Conference on Economic Management and Green Development

Series Vol. 43 , 10 November 2023


Open Access | Article

Research on the Corporate Profitability - Taking Ningxia Baofeng Energy as an Example

Jiaxuan Zhang * 1
1 Northern Arizona University

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 43, 138-144
Published 10 November 2023. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Jiaxuan Zhang. Research on the Corporate Profitability - Taking Ningxia Baofeng Energy as an Example. AEMPS (2023) Vol. 43: 138-144. DOI: 10.54254/2754-1169/43/20232146.

Abstract

With the continuous advancement of technology and productivity in China, most companies are gradually expanding. However, due to the emergence of New Crown Pneumonia in 2019, the profitability of most enterprises is affected by the New Crown Pneumonia epidemic. Therefore, enterprises are facing greater challenges, and the only way to survive in such an environment is to continuously improve the profitability of enterprises based on legal and reasonable compliance in order to adapt to the progress and development of the times. Facing the new economic environment and policies, enterprises need to analyze the complex economic environment they are currently facing from multiple perspectives. The main object of this paper is to analyze the corporate profitability of Ningxia Baofeng Energy and the impact of various indicators on profitability, identify key indicators that have a significant impact on corporate profitability, and find ways to improve corporate profitability through discussion and analysis. The main methods used in this paper are literature analysis and empirical research, and the analysis of corporate profitability is further developed and discussed by analyzing the content of the literature and studying the specific situation of Ningxia Baofeng Energy. This paper came to the following conclusions about the study of corporate profitability: companies should reduce operating costs through cost control and focus on increasing sales margins to ensure sustainable profitability.

Keywords

corporate profitability, energy companies, Baofeng Energy

References

1. Baofeng Energy (600989) financial summary_Sina Financial Network__http://money.finance.sina.com.cn/corp/go.php/vFD_FinanceSummary/stockid/600989/displaytype/4.phtml?source =gjzb

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Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 7th International Conference on Economic Management and Green Development
ISBN (Print)
978-1-83558-107-0
ISBN (Online)
978-1-83558-108-7
Published Date
10 November 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/43/20232146
Copyright
© 2023 The Author(s)
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated