Research On The Relationship Between Enterprise Performance Evaluation And Stock Price Under The Background Of "Double Carbon"

In recent years,China’s economy has developed rapidly,but the accompanying environmental problems are becoming more and more serious.According to the survey,China has become the country with the largest carbon dioxide emissions.In order to speed up the adjustment of energy structure and industrial structure and build an industrial system of green low-carbon development,President Xi Jinping proposed the grand goal of achieving carbon summit before 2030 and realizing carbon neutralization by 2060 on the eve of the founding of the Communist Party of China.As the birthplace and important practitioner of the important concept of "green water and green mountains are golden mountains and silver mountains",power enterprises should seize the historical opportunity of carbon peak and carbon neutralization,accelerate the adjustment of energy structure and industrial structure,build an industrial system of green and low-carbon circular development,and set an example for the country to achieve the goal of carbon peak and carbon neutralization.The problems of "high pollution" and "high emission" of traditional power enterprises are serious.Under the development background of new economy,it is more necessary to conduct comprehensive performance evaluation and study the development potential of enterprises.In the context of new economic development,the traditional research based on financial indicators is not enough to evaluate the development prospect of an enterprise.It is more necessary to conduct comprehensive analysis and evaluation based on the environmental performance of enterprise development.Based on the sustainable development economy and circular economy,this paper establishes a comprehensive performance evaluation system,and uses financial indicators and non-financial indicators to jointly evaluate the development prospect of enterprises.Under the double carbon background,combined with the three performance indicators of environmental performance and enterprise development potential,the weight of each indicator is determined by factor analysis and analytic hierarchy process.Compare the traditional performance evaluation of enterprises based on financial indicators with the comprehensive performance evaluation combined with environmental performance,enterprise development potential and other indicators,and analyze whether the comprehensive performance evaluation of power companies can be more effective and reasonable under the new situation.At the same time,it links the stock price of listed enterprises with enterprise performance,and analyzes whether the new comprehensive performance evaluation system can more comprehensively reflect the company’s stock price,so as to guide the company’s management and investors to judge the development of power enterprises.Through the research of this paper,it is concluded that the use of the new performance evaluation system can better evaluate the development prospect and economic situation of power enterprises under the dual carbon background.The new performance evaluation system has stronger correlation with the company’s stock price,that is,the improved comprehensive performance evaluation system can better reflect the change of the company’s stock price than the original financial performance.It is confirmed that the joint evaluation of financial performance and non-financial performance is more accurate than the evaluation of financial performance alone.The power industry needs to actively promote the transformation of relevant enterprises to environmental protection.It is also found that the financial data of new energy enterprises and thermal power enterprises have gradually improved in recent years,while the economic data of thermal power companies have decreased year by year,and many thermal power companies have more or less carried out the transformation of new energy power generation.In terms of development potential and capital structure,new energy enterprises are better than thermal power enterprises,and new energy enterprises have more advantages and competitiveness in future development.It is more accurate for investors to judge the stock price of power enterprises based on comprehensive performance than relying solely on financial performance.