Study On The Financial Quality Evaluation Of The Listed Companies Of Manufacturing Industry In Northeast China

The manufacturing industry is the main body of China's industry and plays an important role in the economy of our country.With the increasing opening-up of the Chinese market,China's manufacturing industry has formed obvious comparative advantages and international competitive advantages,the scale of assets and the level of manufacturing are increasing,and the development of the whole industry is flourishing.However,we have such advantages,our manufacturing industry still has some inherent defects and drawbacks,which become a bottleneck for the survival and development of manufacturing enterprises.Through further research on the financial quality of manufacturing listed companies,we can refine the theoretical content of the financial quality evaluation system of manufacturing listed companies,and solve the problem that listed companies can not improve their financial quality.These are the significance of studying the financial quality of the listed companies in manufacturing industry.Constructing a financial quality evaluation system for manufacturing listed companies can provide a theoretical reference for improving the financial quality of manufacturing listed companies,helping enterprises improve their financial status and enhance their operational efficiency.In recent years,the problem of economic rejuvenation in Northeast China has attracted much attention from all sectors of the state and society.By the end of 2016,the number of manufacturing companies in the listed companies in Northeast China is half the largest,therefore,the development of manufacturing enterprises plays a key role in the economic revitalization of Northeast China.To evaluate the quality of the financial industry manufacturing enterprises in Northeast China and establish a scientific evaluation system of financial quality has an important effect for regulators,operators and investors to make correct decisions.By selecting financial and non-financial indicators that influence the financial quality of manufacturing listed companies,it is beneficial for enterprises to improve their operation and financial status accordingly,so as to enhance their continuous profitability and management capabilities,and ultimately improve the economic situation in Northeast China.This paper takes the listed companies of manufacturing industry in Northeast China as the research object,select financial data and non financial data of 78 manufacturing companies in 2016,to extracte corresponding public factors by factor analysis by Spss,and on the basis of this,cluster analysis is used to classify sample enterprises.Finally,the Fisher discriminant function of discriminant analysis is used to rank the financial quality of the 78 manufacturing companies,and the comprehensive influence factors of the financial quality are analyzed.Studies have shown that the main influence of the enterprise's financial quality is the development ability and profitability of the enterprise.When financial quality is better,the financial quality of enterprises will have room for further improvement while maintaining their development.We should pay close attention to their cash flow and capital structure,so as to maintain healthy development of enterprises.Enterprises with poor financial quality should pay more attention to the solvency,and pay more attention to the improvement of product market and product cost structure.Institutional investors have positive significance in the process of improving the quality of enterprises'financial quality.Next,choose Up photoelectric as case study object based on discriminant results,and analyse its financial data from 2014 to 2017 first quarter,determined that its financial quality is on the edge of good and bad,consiste with the result of discrimination.Finally,the corresponding countermeasures and suggestions are put forward to further improve the financial quality of the enterprise.