Research On Performance Evaluation Of Listed Companies Chip Localization Concept Section

Integrated circuit industry is the key industry in the future,which listed in the made in China 2025.As the carrier of integrated circuit,chip is widely used in various fields,including mobile phone,aerospace and military industry.Although China is the largest chip market,mostly rely on foreign countries.Their own R & D capacity is insufficient.Developing the chip industry has always been the aspiration of people from all walks of life in China.Especially in the current economic environment,Chinese chip imports will total nearly 2 trillion yuan in 2018,which is equivalent to the total GDP of Shenzhen in 2017.If Chinese chip enterprises want to gain more reputation in the world,they need to improve their capabilities in all aspects to improve the overall efficiency of the chip industry.Therefore,evaluating the performance of listed companies in the chip industry is of great significance to the development of chip companies.For the research on performance evaluation of listed companies in China,different research ideas and evaluation methods are put forward by various institutions and researchers,which need to be compared and studied.On the basis of traditional financial performance,this paper adds development and innovation performance to construct the performance evaluation index system of chip listed companies,and uses two performance evaluation methods,catastrophe progression method and TOPSIS method,in order to understand the present situation of the chip industry,as well as the status of the companies in the industry.This paper is divided into five parts.The first chapter introduces the research background,research purpose,significance and current domestic and foreign literature research,and the research content and methods,innovation and deficiencies.Chapter 2 chip industry listed companies performance evaluation related theory firstly introduces chip industry and its industry development present situation,the performance evaluation related concepts and related theories of enterprise performance evaluation,secondly introduces the current mainstream financial performance evaluation system,and the author analyses the advantages and disadvantages,and finally introduces the evaluation methods,mutation progression method and TOPSIS method,and the two evaluation methods need auxiliary method.Evaluation index system of the third chapter builds on the basis of predecessors' achievements for reference,based on the chip,the evaluation system of listed companies introduces the development of innovation performance with traditional financial performance.The traditional financial performance will select the corresponding indicators from the four aspects of profit ability,solvency,operation capability,and profitability of shareholder.The development ability and the innovation ability development innovation performance from two aspects of selecting indicators,this article in view of the development of the chip industry in our country at present situation,related indicators in the selection of enterprise innovation ability,focusing on research and development of enterprise index,choose a few specific indicators: Growth rate of intangible assets,r & d expense rate and r & d personnel growth rate.In chapter 4,the performance evaluation of chip listed companies is empirically analyzed by taking 51 listed companies in the chip localization concept board as samples.In the empirical study,the mutation progression method and TOPSIS method,two evaluation methods introduced in this paper,were used to rank the 51 listed companies in the chip concept sector,and the two evaluation methods were compared and analyzed.In chapter 5,conclusions and Suggestions are summarized.Empirical results show that the rankings of some listed companies are the same under the two methods,while the rankings of some listed companies are completely opposite.This is mainly due to the differences in the principles of the two methods and the treatment of index weights.Under the TOPSIS method,the development of innovation capability performance plays a key role in the development of chip listed companies in the weight of indicators obtained by the entropy method.At present,the overall situation of the listed companies in the concept of chip localization in China is good,but there is still a lack of high-quality enterprises with low financial performance and good development and innovation performance.The main reason may be that the current core technology of China's chip industry relies on foreign enterprises,and after purchasing its core technology from abroad,it is included in intangible assets and research and development costs,etc.,which results in the situation that better development and innovation performance looks better,but financial performance is low.Accordingly,a series of Suggestions are put forward to improve the performance of listed companies in semiconductor chip industry and promote the development of listed companies in semiconductor chip industry.