Research On Financial Performance Of State-Owned Enterprises Under The Background Of Mixed Reform

State-owned enterprises are an important factor to guarantee and promote China’s economic development.At present,China is in the critical period of state-owned enterprise reform.Mixed ownership reform of state-owned enterprises is an adjustment strategy,and whether the performance after the reform can achieve the expected effect is related to the future direction of reform.Therefore,deepening mixed ownership reform has become the focus of reform of state-owned enterprises.Although the development of state-owned enterprises in China has achieved initial results through the long exploration and practice of the reform of mixed ownership,the relevant theoretical research is not deep enough.In the actual reform,there are also a variety of problems,such as unreasonable allocation of shares,state-owned capital squeezing non-state-owned capital,etc.,these problems become the bottleneck of mixed ownership reform.In domestic related literature,most of them use empirical method or discussion method to study the mixed ownership reform,and only a few of them use case analysis method to make the problems specific.It is an urgent problem to analyze the mixed performance of specific state-owned enterprises and judge whether mixed ownership reform really achieves the goal of mixed ownership reform.Firstly,it analyzes the current situation of China’s mixed ownership reform and the mixed ownership reform in the construction machinery industry.Secondly,it analyzes the equity changes of zoomlion.This paper believes that the equity changes of zoomlion can be divided into three stages,and analyzes the changes of its equity structure in each stage.Thirdly,through zoomlion’s annual report and the annual reports of seven unmixed state-owned enterprises,this paper conducts a vertical and horizontal comparative analysis of zoomlion’s financial performance from the perspective of EVA.Finally,the conclusion is drawn that the comprehensive performance of zoomlion after the mixed-ownership reform is better than that of the unreformed state-owned enterprises in the same industry and relevant Suggestions and countermeasures are put forward.