Author(s)

Dongyan Xia ¹, Yikai Zhang ², Yirui Ni ¹

Affiliation(s)

¹ School of Finance and Economics, Sanya University, Sanya, Hainan, China
² School of Management Engineering and Business, Hebei University of Engineering, Handan, Hebei, China

Corresponding Author

Dongyan Xia

ABSTRACT

The paper takes two manufacturing enterprises, Huawei and Sany Heavy Industry, as the research objects, takes the financial reports and relevant data of companies from 2017 to 2021 as the data sources, and studies the impact of digital transformation on the performance of the company's. The research found that digital transformation improves the innovation ability of the company. To some extent, it improves the operation efficiency of the enterprise, expands the income source channel of the enterprise, and improves the business performance of the enterprise. However, it is also found that leading enterprises do not perform in some financial indicators, especially when the external operating environment deteriorated, and the benefits brought by digital transformation cannot completely offset the losses caused by these uncertain factors.

KEYWORDS

Digital transformation; Business performance; EVA; DEA

CITE THIS PAPER

Dongyan Xia, Yikai Zhang, Yirui Ni, The Impact of Digital Transformation on the Financial Value of Manufacturing Enterprises—A Case Study of Huawei and Sany. Accounting and Corporate Management (2024) Vol. 6: 34-42. DOI: http://dx.doi.org/10.23977/acccm.2024.060105.

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