Changes in Tax Burden, Solvency, Profitability, Operating Ability and Growing Ability: A Factor Analysis of China International Logistic Companies

Wu Wanqiu, Noorsakinah Abdul Wahab, Siti Fatimah Abdul Rashid, Norul Syuhada Abu Hassan and Noor Maimun Abdul Wahab
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Wu Wanqiu: Faculty of Economics and Management, National University of Malaysia, UKM Bangi Selangor Malaysia
Noorsakinah Abdul Wahab: Faculty of Economics and Management, National University of Malaysia, UKM Bangi Selangor Malaysia
Siti Fatimah Abdul Rashid: Faculty of Economics and Management, National University of Malaysia, UKM Bangi Selangor Malaysia
Norul Syuhada Abu Hassan: Faculty of Economics and Management, National University of Malaysia, UKM Bangi Selangor Malaysia
Noor Maimun Abdul Wahab: Putra Business School, Universiti Putra Malaysia, UPM Seri Kembangan Selangor Malaysia

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 10, 1853-1870

Abstract: Amid the expansion of global trade, China’s prominence in international commerce is clear, yet its international logistics companies face significant challenges related to tax risks and financial stability. This study examines the financial performance and tax risk of the international logistics sector in China, focusing on key indicators of tax burden, solvency, profitability, operational efficiency, and growth capacity. Employing factor analysis on data from 28 listed logistics firms in China from 2020 to 2022, the study investigates the interrelationships and overall impact of these indicators. The findings reveal that tax burdens exceed industry standards, solvency is weak, and profitability is influenced by both internal and external factors. Additionally, operational efficiency and growth capacity show significant gaps. This analysis identifies critical areas where logistics companies should adopt adaptive tax strategies, optimize debt structures, and invest in operational efficiency to enhance long-term sustainability. Strategic agility in responding to market trends is crucial for capitalizing on growth opportunities, particularly among logistics companies where these actions will strengthen financial performance and global competitiveness.

Date: 2024
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