The Research On Performance Evaluation Of Listed Forestry Companies In My Country

As a combination of economy,environment and ecology,forestry has a decisive influence on the construction of ecological civilization.China's forestry industry system has been gradually formed.According to the public statistics of the State Forestry and Grassland Bureau,from 1994 to 2019,China's forestry industry output value increased by 56 times.In 2019,the total output value of China's forestry industry reached 7.56 trillion yuan,and forest product output,consumption,and import and export trade volume have all ranked in the forefront of the world.But how to make China a strong forestry industry and achieve the green and sustainable development goals of forestry enterprises will become the country's key strategy to promote the transition from traditional forestry to modern forestry.Forestry is a combination of economy and environment ecology,which plays an important role in the stable development of our society.China's forestry industry system has gradually formed.According to the public statistics of the State Forestry and grassland administration,the output value of China's forestry industry has increased 56 times from 1994 to 2019.In 2019,the total output value of China's forestry industry will reach 7.56 trillion yuan,and the output,consumption and import and export trade volume of forest products are all in the forefront of the world.However,how to make China become a powerful country in forestry industry and realize the goal of green and sustainable development of forestry enterprises is still the key strategy for the country to promote the transition from traditional forestry to modern forestry in the future.Based on the summary of domestic and foreign relevant literature and the summary of the past scholars' research experience,this paper selected 12 listed forestry companies as research samples and selected the data indicators of the publicly disclosed financial reports of each forestry listed company for 2018.Through factor analysis and statistical analysis with the help of SPSS25.0 software,a comprehensive performance evaluation model of forestry listed companies was constructed,and profitability factors,growth capacity factors,operating capacity factors,debt solvency factors,environmental and social contribution capacity factors were extracted Five common factors,from which the scores and rankings of individual capabilities and comprehensive performance capabilities of forestry listed companies are calculated.Through comparative analysis of sample companies,to evaluate the individual capabilities and overall development of listed forestry companies.Research indicates:The overall performance level of Chinese forestry listed companies is generally average,stable,and unevenly developed,and their profitability is particularly unevenly developed,with low resource appreciation rates and weak core competitiveness;Operational capabilities and growth capabilities are the indicators,which have a significant impact on the comparative advantages and collaboration benefits of the entire industry.Among the specific 12 listed forestry companies,the scores and ranking of the top three listed forestry companies in comprehensive performance score:Oriental Garden(0.75),Rabbit baby Co.(0.66),Ltd,Shanying Paper Co.,Ltd(0.40);The ranking of the last two listed forestry companies and their scores are in order:Pingtan Development Co.,Ltd(-0.46);Yong'an Forestry Co.,Ltd(-0.75).In order to improve the comprehensive performance of listed forestry companies,this paper puts forward suggestions for the rationalization of sustainable development of listed Chinese forestry companies based on the analysis of empirical results.That is,we can fully tap the listed forestry companies to enhance their growth potential and revitalize their operating capabilities;Promote the conversion and application of forestry science and technology achievements;Increase the focus on environmental and social contributions,fully develop forestry resources,integrate the entire chain of forestry industry chain integration,and reduce the uneven development of the forestry industry.Based on the summary of relevant literature at home and abroad,this paper takes 12 forestry listed companies as research samples,and selects the data indicators of 2018 annual financial report publicly disclosed by each forestry listed company.Through factor analysis and statistical analysis with spss25.0 software,the comprehensive performance evaluation model of forestry listed companies is constructed,and the five public factors of profitability factor,growth factor,operation ability factor,solvency factor,environmental and social contribution ability factor are obtained,so as to calculate the scores and rankings of single ability and comprehensive performance ability of forestry listed companies.Through comparative analysis of sample enterprises,The results show that:on the one hand,the overall performance level of China's forestry listed companies is general,stable and unbalanced,and the profitability is particularly uneven,the resource appreciation rate is low,and the core competitiveness is weak;on the other hand,the operation ability and growth ability as the indicators have a significant impact on the comparative advantage and cooperation efficiency of the whole industry.Among the 12 listed forestry companies,the top three comprehensive performance scores are Oriental Garden(0.75),rabbit baby(0.66)and Shanying paper(0.40);the bottom two are Pingtan development(-0.46)and Yong'an Forestry(-0.75).Based on the empirical results,this paper puts forward some suggestions for the sustainable development of China's forestry listed companies:fully tap the potential of forestry listed companies to improve their growth,activate their operation ability;promote the transformation and application of forestry scientific and technological achievements,enhance the corresponding rank of science and technology enterprises,science and agriculture;increase the attention to environmental and social contributions,fully develop forestry resources,and link up forestry integration To improve the comprehensive performance of listed forestry companies,we should integrate the industrial chain of each link and reduce the unbalanced development of forestry industry.