Analysis and Research on Financial Competitiveness of Listed Companies in Offshore Engineering Manufacturing

Tang, J. and Fu, Y., 2020. Analysis and research on financial competitiveness of listed companies in offshore engineering manufacturing. In: Gong, D.; Zhang, M., and Liu, R. (eds.), Advances in Coastal Research: Engineering, Industry, Economy, and Sustainable Development. Journal of Coastal Research, Special Issue No. 106, pp. 45–48. Coconut Creek (Florida), ISSN 0749-0208.In recent years, with the implementation of the national ocean development strategy, China's offshore engineering equipment manufacturing enterprises have achieved rapid development, but compared with developed countries, China's listed enterprises in the offshore engineering equipment manufacturing industry still have many problems. This paper first introduces the theory of financial competitiveness, then discusses the definition and characteristics of the concept of the offshore engineering equipment manufacturing industry and constructs the financial risk evaluation model of listed enterprises of the offshore engineering equipment manufacturing industry. Finally, this paper proposes that listed enterprises of offshore engineering equipment manufacturing should broaden financing channels, enhance capital strength, increase cash flow, improve risk prevention, improve management level, and enhance development ability.