A Study on the Evaluation of High-Quality Development of Enterprises in the Context of Digital Transformation: A Case Study of Hualing Steel

Weiman Zheng; Haojie Liao; Bifang Huang; kangqiao Xu

doi:10.63944/r2y.JFEMR

Authors

Weiman Zheng Accounting and Audit School, Guangxi University of Finance and Economics, Nanning, Guangxi, China Author
Haojie Liao Accounting and Audit School, Guangxi University of Finance and Economics, Nanning, Guangxi, China Author
Bifang Huang Guangzhou City University of Technology, Guangdong, Guangzhou, China Author
kangqiao Xu New Era University College, Selangor, Malaysia Author

DOI:

https://doi.org/10.63944/r2y.JFEMR

Keywords:

Hualing Steel; high-quality development; digital transformation; entropy value method; Topsis method

Abstract

In the context of the digital economy, digital transformation of enterprises has become a current hot topic. This study focuses on Hualing Steel to explore how enterprises can achieve high-quality development through digital transformation. The paper employs indicators of efficiency, innovation, and green development, utilizing the entropy and TOPSIS methods to quantitatively assess transformation performance from 2013 to 2023. The analysis yields three key conclusions: (1) Digital transformation has yielded significant outcomes, with the highest comprehensive performance observed in 2021, coinciding with the launch of the 5G smart factory; (2) A structural characteristic of "efficiency improvement leading, with innovation-driven development lagging" is identified; (3) Recommendations are made for deepening the application of digital technologies, optimizing enterprise operation management systems, enhancing innovation-driven development, and improving talent development systems. These findings provide a theoretical framework and practical model for the transformation and upgrading of traditional manufacturing industries.

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