Research On The Financial Performance Evaluation Of Boyun New Materials Under The Background Of University Enterprise Restructuring

The companies of colleges and universities are the product of the development of higher education and market economy in China.In the process of development,the problems such as imperfect management system,unclear supervision mode and unfocused development field gradually appear,which seriously hinder the management and development of colleges and universities and enterprises.Under the background of connotative development of China’s higher education and state-owned enterprise system reform in the new era,"guiding opinions on the system reform of enterprises affiliated to colleges and universities" was approved by the national Deepening Reform Commission in 2018.In the opinions,colleges and universities are required to take connotative development as the goal,and implement system reform according to the specific situation of their subordinate enterprises,so as to ensure the connotative development of colleges and universities At the same time,the system reform of the listed companies of colleges and universities will be imperative.This paper selects Boyun new material as a case,and takes 31 listed companies of universities and 28 listed companies of aviation equipment industry as the control group.It summarizes the characteristics and problems of financial performance of Boyun new material.Combined with the relevant reform policies,it constructs the company’s financial performance evaluation index system,evaluates the financial performance of Boyun new material by using factor analysis method,and accordingly evaluates the financial performance of Boyun new material Put forward relevant policy suggestions for the reform of enterprise system.In the introduction,this paper first introduces the background and significance of the research,then collates and reviews the relevant literature of university system reform and financial performance evaluation at home and abroad,and explains the research content and method,innovation and technical route of this paper.Then,it introduces the related concepts of university system reform and the related theories of financial performance evaluation.Next,starting from the case of Boyun New Material Co.,Ltd.,this paper analyzes and introduces the general situation of Hunan Boyun New Material Co.,Ltd.combined with the specific situation of the enterprise and research design,selects the listed companies of colleges and universities and the listed companies of aviation equipment industry as the reference books of financial performance evaluation,according to the horizontal comparative study of the two sample data and the financial performance of Boyun new material in recent four years Finally,the financial performance of Boyun new material is evaluated.This paper summarizes the key points of the listed companies of colleges and universities in the system reform.And draw the following conclusions,comprehensive factor analysis of the two control groups,the financial performance of Boyun new material is mainly determined by the enterprise’s earning ability,operation ability,sales ability,development ability,debt paying ability and scientific research and innovation ability,among which the earning ability with the highest degree of explanation to Boyun new material’s financial performance is found to have low internal management efficiency through financial performance evaluation The main business income ability is poor,lack of external supervision,investment and post investment management ability is poor,and the transformation efficiency of scientific research investment is not high.According to the research conclusions,it is suggested that in the system reform,the enterprises affiliated to colleges and universities need to implement policies according to the enterprises,give full play to the collaborative effect of the restructuring partners,improve the management system,optimize the governance structure,and give full play to the core competitiveness.At the same time,policy makers need to weigh the interests of multi stakeholders,establish the evaluation mechanism of the effect of system reform,and improve the effect of system reform,The main innovations of this paper are as follows: under the background of the reform of the enterprise system of colleges and universities,this paper constructs the factor analysis model of financial performance,and uses the factor analysis model to evaluate the financial performance of specific cases in two dimensions.From the perspective of finance,this paper evaluates the specific cases of the enterprise system reform of colleges and universities.