Research On Performance Evaluation Of Mixed Ownership Reform Of State-owned Enterprises

State-owned enterprises have constantly played a crucial role in the development of our economy.Since the reform and opening up,state-owned enterprises in our country have gone through three stages of development:entering the market,adapting to the market and using the market to develop the economy.In recent years,stateowned enterprises have arisen problems such as unsatisfactory finances and unclear property rights,which hinder their own development.In order to make state-owned enterprises out of the predicament,in the 18 th National Congress,a clear request was put forward to vigorously develop the mixed-ownership economy and speed up the reform process.The report of the 19 th National Congress proposed that it is necessary to develop a mixed-ownership economy to improve the system and build a first-class enterprise.As an early industrial city group,Northeast made outstanding contributions to the construction of New China.However,with the reform of the economic system,the development lags behind other cities.In 2018,as the only pilot company in Northeast,Northeast Pharmaceuticals is a representative large-scale pharmaceutical company and its participation in the mixed-ownership reform is of great benefit to the entire Northeast region.The effectiveness of the mixed-ownership reform is determined by observing changes in financial performance.The article focuses on the analysis of mixed ownership reform and financial performance.Firstly,the research background and significance are introduced,the research methods and contents of the cases to be analyzed are expounded.Collect relevant domestic foreign literature and classify the literature.Introduce the related concepts of mixed ownership reform and financial performance,then list the relevant theoretical basis.Select the case of Northeast Pharmaceuticals and Fangda Group,introduce the company profiles and point out the reasons and the detailed process that Northeast Pharmaceuticals chose mixed ownership reform.Through the perspective of financial indicators,comparing the changes in the performance of Northeast Pharmaceuticals and using the financial index method and the EVA to analyze the effect of the mixed reform.Finally,it summarizes the effects of the mixed reform on enterprise performance and the experience,so as to increase the confidence of companies that are preparing to participate in or have already mixed reform.There are five parts in this paper.The first part introduces the background,content,literature review and innovation of the research;The second part introduces the concepts and theories involved;The third part takes Northeast Pharmaceutical as a case in 2018,introduced the strategic investor Liaoning Fangda Group to explore motivation and to explain the processfor the mixed reform;The fourth part uses the perspective of financial indicators and the EVA to analyze the changes after the mixed reform of Northeast Pharmaceuticals.When discussing the effect and the changes of introducing strategic investors in before and after;The fifth part is to summarize the inspiration and experience and study the impact of mixed reform on performance.Proposing the path applicable to the reform of other state-owned enterprises that has certain practical significance for the reform of mixed ownership.