{"id":"https://openalex.org/W7225247341","doi":"https://doi.org/10.62177/apemr.v3i5.1861","title":"Analysis of the Financial Performance of Zhenhua Heavy Industries\u2019 Digital Transformation","display_name":"Analysis of the Financial Performance of Zhenhua Heavy Industries\u2019 Digital Transformation","publication_year":2026,"publication_date":"2026-11-04","ids":{"openalex":"https://openalex.org/W7225247341","doi":"https://doi.org/10.62177/apemr.v3i5.1861"},"language":"en","primary_location":{"id":"doi:10.62177/apemr.v3i5.1861","doi":"https://doi.org/10.62177/apemr.v3i5.1861","is_oa":true,"landing_page_url":"https://doi.org/10.62177/apemr.v3i5.1861","pdf_url":null,"source":{"id":"https://openalex.org/S5407043073","display_name":"Asia Pacific Economic and Management Review","issn_l":"3005-9267","issn":["3005-9267","3005-9275"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Asia Pacific Economic and Management Review","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://doi.org/10.62177/apemr.v3i5.1861","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5018741960","display_name":"Zhuoran Chen","orcid":"https://orcid.org/0009-0004-8598-7859","observed_orcids":["https://orcid.org/0009-0004-8598-7859"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Zhuoran Chen","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5018741960"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.88235604,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"3","issue":"5","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12958","display_name":"Digital Economy and Transformation","score":0.5083000063896179,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12958","display_name":"Digital Economy and Transformation","score":0.5083000063896179,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10763","display_name":"Digital Transformation in Industry","score":0.2572999894618988,"subfield":{"id":"https://openalex.org/subfields/2209","display_name":"Industrial and Manufacturing Engineering"},"field":{"id":"https://openalex.org/fields/22","display_name":"Engineering"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T12885","display_name":"Digital Innovation in Industries","score":0.14010000228881836,"subfield":{"id":"https://openalex.org/subfields/1405","display_name":"Management of Technology and Innovation"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[],"concepts":[{"id":"https://openalex.org/C189560676","wikidata":"https://www.wikidata.org/wiki/Q1187906","display_name":"Profit margin","level":2,"score":0.7261999845504761},{"id":"https://openalex.org/C126082660","wikidata":"https://www.wikidata.org/wiki/Q4252370","display_name":"Digital transformation","level":2,"score":0.6033999919891357},{"id":"https://openalex.org/C74370782","wikidata":"https://www.wikidata.org/wiki/Q722249","display_name":"Operating margin","level":4,"score":0.5968999862670898},{"id":"https://openalex.org/C195487862","wikidata":"https://www.wikidata.org/wiki/Q850210","display_name":"Revenue","level":2,"score":0.5741000175476074},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5273000001907349},{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.4544999897480011},{"id":"https://openalex.org/C155530773","wikidata":"https://www.wikidata.org/wiki/Q591174","display_name":"Return on equity","level":3,"score":0.44850000739097595},{"id":"https://openalex.org/C100716732","wikidata":"https://www.wikidata.org/wiki/Q570938","display_name":"Net profit","level":3,"score":0.43380001187324524},{"id":"https://openalex.org/C98014903","wikidata":"https://www.wikidata.org/wiki/Q832161","display_name":"Financial ratio","level":2,"score":0.4311999976634979},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.42410001158714294},{"id":"https://openalex.org/C199728807","wikidata":"https://www.wikidata.org/wiki/Q2578557","display_name":"Equity (law)","level":2,"score":0.41280001401901245},{"id":"https://openalex.org/C87450203","wikidata":"https://www.wikidata.org/wiki/Q831940","display_name":"Operating expense","level":2,"score":0.39989998936653137},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.39010000228881836},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.374099999666214},{"id":"https://openalex.org/C170974965","wikidata":"https://www.wikidata.org/wiki/Q720862","display_name":"Earnings before interest and taxes","level":2,"score":0.34630000591278076},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.34369999170303345},{"id":"https://openalex.org/C2776358904","wikidata":"https://www.wikidata.org/wiki/Q7248305","display_name":"Profit model","level":3,"score":0.32679998874664307},{"id":"https://openalex.org/C130731218","wikidata":"https://www.wikidata.org/wiki/Q1363554","display_name":"Financial analysis","level":2,"score":0.30889999866485596},{"id":"https://openalex.org/C2992337254","wikidata":"https://www.wikidata.org/wiki/Q31275820","display_name":"Financial stability","level":2,"score":0.3027999997138977},{"id":"https://openalex.org/C2778964270","wikidata":"https://www.wikidata.org/wiki/Q7097774","display_name":"Operational efficiency","level":2,"score":0.2976999878883362},{"id":"https://openalex.org/C98045186","wikidata":"https://www.wikidata.org/wiki/Q205663","display_name":"Process (computing)","level":2,"score":0.28619998693466187},{"id":"https://openalex.org/C76073288","wikidata":"https://www.wikidata.org/wiki/Q1337875","display_name":"Financial risk","level":2,"score":0.27900001406669617},{"id":"https://openalex.org/C26517878","wikidata":"https://www.wikidata.org/wiki/Q228039","display_name":"Key (lock)","level":2,"score":0.2667999863624573},{"id":"https://openalex.org/C204241405","wikidata":"https://www.wikidata.org/wiki/Q461499","display_name":"Transformation (genetics)","level":3,"score":0.26669999957084656},{"id":"https://openalex.org/C21547014","wikidata":"https://www.wikidata.org/wiki/Q1423657","display_name":"Operations management","level":1,"score":0.2646999955177307},{"id":"https://openalex.org/C93782291","wikidata":"https://www.wikidata.org/wiki/Q3683077","display_name":"Gross profit","level":3,"score":0.2612999975681305},{"id":"https://openalex.org/C2777351259","wikidata":"https://www.wikidata.org/wiki/Q7309700","display_name":"Regulatory reform","level":2,"score":0.260699987411499},{"id":"https://openalex.org/C2779530757","wikidata":"https://www.wikidata.org/wiki/Q1207505","display_name":"Quality (philosophy)","level":2,"score":0.2590999901294708},{"id":"https://openalex.org/C175700187","wikidata":"https://www.wikidata.org/wiki/Q187939","display_name":"Manufacturing","level":2,"score":0.2574000060558319}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.62177/apemr.v3i5.1861","doi":"https://doi.org/10.62177/apemr.v3i5.1861","is_oa":true,"landing_page_url":"https://doi.org/10.62177/apemr.v3i5.1861","pdf_url":null,"source":{"id":"https://openalex.org/S5407043073","display_name":"Asia Pacific Economic and Management Review","issn_l":"3005-9267","issn":["3005-9267","3005-9275"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Asia Pacific Economic and Management Review","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.62177/apemr.v3i5.1861","doi":"https://doi.org/10.62177/apemr.v3i5.1861","is_oa":true,"landing_page_url":"https://doi.org/10.62177/apemr.v3i5.1861","pdf_url":null,"source":{"id":"https://openalex.org/S5407043073","display_name":"Asia Pacific Economic and Management Review","issn_l":"3005-9267","issn":["3005-9267","3005-9275"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-nc","license_id":"https://openalex.org/licenses/cc-by-nc","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Asia Pacific Economic and Management Review","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":[],"abstract_inverted_index":{"Digital":[0],"transformation":[1,50,74,146],"has":[2,147],"become":[3],"a":[4,136,166],"key":[5],"pathway":[6],"for":[7,169],"heavy":[8,175],"equipment":[9,176],"manufacturers":[10],"to":[11,41,89,100,110,121,130],"break":[12],"through":[13,154],"development":[14,64,172],"bottlenecks,":[15],"improve":[16],"quality":[17],"and":[18,20,63,79,113,161],"efficiency,":[19],"reshape":[21],"value.":[22],"This":[23],"paper":[24],"takes":[25],"Zhenhua":[26,70],"Heavy":[27,71],"Industries":[28],"(ZPMC)":[29],"as":[30],"its":[31],"research":[32],"subject":[33],"and,":[34],"based":[35],"on":[36,51,82],"financial":[37,54,152],"data":[38],"from":[39,85,98,107,117],"2021":[40,88],"2025,":[42,92,126],"systematically":[43],"analyzes":[44],"the":[45,52,93,102,150,170,174],"value-creation":[46],"effects":[47],"of":[48,139,173],"digital":[49,73,145],"company\u2019s":[53,151],"performance":[55,153],"across":[56],"four":[57],"dimensions:":[58],"profitability,":[59],"solvency,":[60],"operating":[61,94,114],"capability,":[62],"capability.":[65],"The":[66,141],"study":[67,142],"found":[68],"that":[69,144],"Industries\u2019":[72],"significantly":[75],"improved":[76,162],"operational":[77],"efficiency":[78,157],"profitability;":[80],"return":[81],"equity":[83],"rose":[84,97],"3.02%":[86],"in":[87,91],"4.52%":[90],"profit":[95,128],"margin":[96],"2.26%":[99],"3.06%,":[101],"inventory":[103],"turnover":[104],"ratio":[105],"increased":[106],"1.06":[108],"times":[109],"1.29":[111],"times,":[112],"revenue":[115],"grew":[116],"25.978":[118],"billion":[119,123],"yuan":[120],"36.260":[122],"yuan.":[124],"In":[125],"net":[127],"attributable":[129],"shareholders":[131],"reached":[132],"732":[133],"million":[134],"yuan,":[135],"year-over-year":[137],"increase":[138],"37.17%.":[140],"indicates":[143],"effectively":[148],"boosted":[149],"cost":[155],"reduction,":[156],"gains,":[158],"process":[159],"optimization,":[160],"resource":[163],"allocation,":[164],"providing":[165],"practical":[167],"reference":[168],"high-quality":[171],"manufacturing":[177],"industry.":[178]},"counts_by_year":[],"updated_date":"2026-11-05T12:25:35.769452","created_date":"2026-11-05T00:00:00"}
