A Study On The Financial Performance Evaluation Of China's Port Listed Companies

All countries,particularly developing countries,face a fundamental economic problem:how to rationalize the allocation of limited resources to economic development in order to maximize the benefits of economic activities.With the Advancement of the Belt and Road Initiative,the China-Mongolia-Russia Economic Corridor and the G20 Summit Green Finance Development,the port economy has become the hub of China's economic belt,and the transformation and upgrading of China's port enterprises has ushered in huge opportunities for development.We have become the manufacturing center of the world,with the world's largest port throughput,but the economy as a whole is still in an investment driven immature stage.The main purpose of this article is to provide an objective,detailed and valuable benefit analysis report to the government and society by evaluating the financial performance of the domestic port listed companies,responding to the financial situation of the enterprise,providing the creditors with business results and cash flow.According to the financial index system of port listed companies,each listed company is evaluated and ranked to reflect the specific capabilities of each company.The assets of port enterprises are an important symbol of port production capacity and an important material condition for ensuring the production and operation of port enterprises.Because of the characteristics of large investment in port production equipment,high degree of modernization,and long cycle,their assets are different from other general industries.These differences make it more difficult for port enterprises to manage their assets.We need to look for the characteristics and changes of the performance evaluation system of a listed company or industry to reveal the laws of the performance changes of listed companies in ports,draw on the excellent experience and lessons from home and abroad,and understand the position and cognitive gap of the company in the entire industry.It is beneficial for the listed companies in various ports to explore,pursue and reach the international leading level.Based on eight port listed companies as samples,using AHP and GRAP method has carried on the objective evaluation to the company's financial situation,Enterprise stakeholders may be both internal(employees),you may be outside your company(such as suppliers,competitors,etc.)can be according to the result of measurement of the method of AHP to GRAP reference,to understand the development status of listed companies to make the most effective decisions;and the enterprise itself can understand themselves in the position in the industry,accordingly,of the advantages and threats and identify its profitability,asset utilization and the reason for the debt paying ability is weak,is advantageous to the enterprise managers with its financial status and operating efficiency,develop efficient and correct investment both short-term and long-term development goals and decision making.