Evaluation Of Financial Situations Of Aviation Listed Companies In China Based On Factor Analysis

Airline industry is an important strategic industry of economic and social development in china,the aviation transportation industry as one of the important branches is closely related to the economic development of the whole society.With the continuous increase of residents’ income and the continuous improvement of people’s living standard residents’ willingness and ability to pay for air travel will be significantly improved.The market base for air cargo demand has further expanded with the rapid growth of e-commerce,express and modern logistics.To analyze and evaluate the financial position of listed companies in the air transport industry can make you deeper understand the key factors that affect financial performance,also has certain theoretical value and practical significance for improving the company’s financial status and competitiveness.In recent years,there are more and more researches on the financial position analysis of listed companies in the air transport industry,the selected evaluation indexes and evaluation methods are not satisfactory.This paper takes listed companies in the air transport industry as the research object,under the guidance of relevant theories,this paper tries to evaluate the financial performance of listed companies in the air transport industry by using the empirical analysis,and tries to establish the evaluation index system.This article has evaluated the financial position by means of the factor analysis,and put forwarded the improvement strategy of financial position.It provides certain reference for the managers of listed companies in the air transport industry.This paper is divided into several parts.The first part is the introduction.In the first place,this part carries on the importance of financial situation to the listed company in the air transportation industry,analyze the necessity of financial situation analysis,and discusses the meaning and purpose of the selected topic.Secondly,the paper introduces the research on financial condition’s evaluation at home and abroad,and introduces the brief review.Finally,the content and research’s methods of this paper are introduced.The second part is the theoretical basis of the financialsituation’s evaluation of listed companies in the airline transport industry.This part introduces the basic concept of the airline transport industry,financial condition and financial condition evaluation.This paper introduces theories of the financial analysis and evaluation,optimization of capital structure,and optimization of assets structure.The third part is the construction of financial condition evaluation system for listed companies in the airline transport industry.This paper introduces the basic situation of listed companies in the airline transport industry from the asset structure,capital structure,and debt structure.Secondly,through the introduction of the basic principle and used reason to understand the factor analysis.Thirdly,comprehensive performance evaluation of listed companies can be constructed in aspects of profitability,capital structure,growth ability and operating capacity.Finally,this paper introduces evaluation model of financial condition of listed companies in the airline transport industry.The fourth part is empirical analysis.In the first place,the sample data of 13 selected companies were processed.Secondly,To obtain the comprehensive financial condition’s scores of all factors,this paper had a series of steps,such as testing accessibility,determining components,renaming the components,calculating the score.Finally,this article analyzes the companies’ condition from profitability,capital structure,growth ability and operating capacity,and suggest improvements.The fifth part is the summary and prospect.This part summarizes the content of the full text,summarizes the innovation of this paper,points out the shortcomings of this paper,and directions which need to be studied further.The textual innovation points lie in: From profitability,capital structure,growth ability and operating capacity to evaluate the financial status of enterprise based on factor analysis;From asset structure,capital structure and operation to point out optimization strategies.