Research On Financial Performance Evaluation Of Shanxi Fen Liquor Mixed Ownership Reform

In China’s economic development,state-owned enterprises play a vital role,and their mission is to promote the steady growth and sustainable development of the economy.In this context,how to achieve high-quality development of liquor enterprises is an urgent problem to be solved.Under the background of the slowdown of macroeconomic growth,the problems of low operating efficiency,backward management system,weak innovation ability and lack of market competitiveness of state-owned enterprises restrict the healthy development of the national economy.At the same time,the Industrial Differentiation of Chinese liquor enterprises is unbalanced,and the competition in the high-end liquor market is intensifying,which makes it difficult to develop and transform.In order to open up new markets,many liquor enterprises have joined the ranks of mixed reform,and Shanxi Fen Liquor has also taken measures to meet its own characteristics.Whether the implementation of the mixed reform really improves the business performance of enterprises,solves the internal problems of enterprises,has a positive impact on the sustainable development and operation of enterprises,and whether it can be applied to other enterprises in the same industry,these problems are worthy of further study.Taking Shanxi Fen Liquor as the research object,this paper has formed a relatively clear research idea by sorting out the relevant literature on financial performance evaluation,mixed ownership reform and the relationship between mixed ownership reform and financial performance.Firstly,the paper analyzes the motivation,process and the basic situation of both sides of the mixed ownership reform of Shanxi Fen Liquor,and analyzes the financial status of Shanxi Fen Liquor based on the financial statements of Shanxi Fen Liquor from2015 to 2021,so as to comprehensively understand the financial status of the enterprise.Secondly,the paper uses the financial index method to analyze the four capabilities,and selects 11 financial indicators from the dimensions of profitability,solvency,operation ability and development ability.Combined with the industry average of each indicator,the paper makes a longitudinal evaluation of the financial performance of Shanxi Fen Liquor before and after the mixed ownership reform.At the same time,the factor analysis method was used to select 18 liquor enterprises as the research sample,calculate the common factor score,comprehensive score and ranking of the sample enterprises from 2015 to 2021,and make a horizontal evaluation on the financial performance level of Shanxi Fen Liquor.From the perspective of market performance,the impact of mixed reform on the performance of Shanxi Fen Liquor was analyzed.The analysis shows that the implementation of mixed ownership reform plays a positive role in improving the financial performance of Shanxi Fen Liquor,but there are also some problems in the operation of Shanxi Fen Liquor,such as inadequate cost control,serious inventory backlog,unreasonable debt structure and so on.Finally,it summarizes the experience that Shanxi Fen Liquor can provide reference for other state-owned enterprises in the reform,and puts forward corresponding countermeasures for the problems existing in the financial performance of Shanxi Fen Liquor,so as to improve the level of enterprise financial performance.