Innovation And Application On Financial Performance Evaluation

In recent ten years,under the stimulation of economic output's fast increase and the surged total amount of China's foreign trade,our country's harbor industry has realized a burst development.In terms of port facilities,management level or the throughput of goods,business performance has made a qualitative leap compared with the past.A large quantities of big and competitive harbors emerged with the representative of the Port Shanghai,many harbor enterprises entered the capital market,and gradually made great strides forward to the international first-class harbor,the financial achievement also made better changes step by step.Meanwhile,our country's capital market also spurted with long accumulation under the swift and violent growth of entity economy, caused an imposing big bull market from the end of the year 2006.Although the market made a fierce adjust because of the inside and outside influence,it's still a brisk market as before and had showed exuberant vitality and the development potential.The entity economy and the capital market always echo,they always promoting mutually and have mutual influence.Based on these two points,under the background of covering dark clouds of financial crisis,it's very meaningful to make financial analysis on leading enterprise of our country's listed harbor companies-Port of Shanghai,this article primary coverage and the research conclusion are as follows:Based on the financial performance evaluation theory,on one hand,starting from the vertical dimension,this article try to make a vertical Comparative evaluation of port Shanghai's financial results during 2006-2008 from four aspects including profitability, solvency,management ability and capital markets by using the idea of the level of analysis of Shanghai's financial results for 2006-2008;On the other hand,the article divides the index system of evaluating the financial situation of Shanghai into seven aspects,including profitability,management ability,stock investors profitability, solvency,corporate development,cash flow and capital markets performance,and then choose a total of 17 indicators form these aspects to construct a index system which measures the position of port Shanghai's financial performance in the industry, establishing a horizontal comparison of integrated quantitative models.It uses the factor analysis model and the SPSS software to process the data and get the results.Making the financial analysis and evaluation of port Shanghai from both the vertical and horizontal dimension,the article can overcome the one-sidedness brought by the single point of observation,so as to provide a just and comprehensive reference to the analyze, evaluation and studies about the financial situation of port Shanghai or other ports in the industry.Besides,this can provide some valuable information to the industry's managers and shareholders,and the majority of potential investors.