Research On Integration Evaluation Of Financial Performance Of Forestry Listed Companies

The development of forestry industry affects the country’s scientific and reasonable development and utilization of forest resources. Forestry listed company is the representative of forestry industry enterprises, as the typical promoting and leading role on the sustainable scientific development of forestry industry. Financial performance is an important aspect of what investors and operators concern. Scientific and reasonable evaluation of financial performance is helpful for investors to make decisions, is advantageous to the company operators adjusting the operating strategy of enterprise itself according to the efficiency of the financial performance evaluation results, and is conducive to improve targeted core competitiveness.This paper mainly quantitative analyzed and evaluated the financial performance of listed companies of forestry in China from the aspect of efficiency. According to the principle of building index system chosen solvency and capital structure, operation level, cash flow, profitability, and growth capacity as evaluation indexes after factor analysis, and built the evaluation index system of financial performance in forestry listed companies. Specific built including data envelopment analysis (DEA) validity analysis, DEA relative validity analysis, and factor score and ranking analysis comprehensive evaluation model in three modules. Using the evaluation model comprehensive and scientific evaluated financial performance of forestry listed companies from different angles, solved the limitations of analysis view of single evaluation model. The analysis of different modules in comprehensive evaluation model in different angles will lead distinct evaluation results. This paper emphasized the significance of forestry listed companies financial evaluation performance results volatility by analyzing volatility of financial performance evaluation result through CCR model, super efficiency DEA method, cross efficiency evaluation method, reference analysis method and factor analysis model, and got the unique discovery about financial performance of forestry listed companys.This paper based on analysis results of financing performance comprehensive evaluation model of forestry listed companies, put forward viewpoint what forestry listed companies must pay attention to the stability and excellent properties of financial performance evaluation results, broke through the limitation of only emphasis on excellent properties of financial performance. We got effective comprehensive evaluation result of forestry listed companies from various models using zscore standardized methods, according to the standard of the stability and superior financial performance evaluation result. Finally we given related suggestions about how to improve financial performance of listed forestry companies aimed at results of analysis and evaluation of efficiency of financial performance and problems reflected from that.This paper deeply studied construction of evaluation index system of financing performance of forestry listed companies and selection of evaluation method, establishment of evaluation models. The research ideas and results are worth of reference to how to comprehensively and scientific evaluate financial performance of forestry listed companies from efficiency angles.