Research On The Financial Performance Evaluation Of Sinodata Based On Improved Wall Scoring Method

With the national credit as the guarantee,the central bank takes the lead in promoting the issuance of statutory digital currency,which has become an important work of the central bank at present and for a long time to come.Financial technology enterprises related to digital currency are also facing the development problem of coexistence of high intensity industry market competition and capital market financing pressure.As a leading digital currency financial technology service provider in China,Sinodata is more necessary and valuable for investors to study,and financial performance evaluation can enable stakeholders to better understand the enterprise.This paper will use the improved Wall scoring method,and select China Science Finance as the case study object to study the financial performance evaluation.First of all,the residual income theory,principal-agent theory and value management theory are introduced as the theoretical basis,and the probability theory and expected value principle are used to improve the Wall scoring method to provide method support for this paper.Secondly,based on the annual report of Sinodata from 2012 to 2021,the current basic overview and financial status of Sinodata are analyzed;Then,in view of the competitive strategy,business model characteristics and industry characteristics of Sinodata,we selected the nine most representative enterprises in the financial technology industry as the comparison objects,and extracted 12 financial indicators representing the profitability,operating capacity,solvency and development capacity of each enterprise in 2021 as the information samples.Using the normal distribution principle,we measured the objective probability proportion for each financial indicator,established a comprehensive evaluation model of improved Wall scoring method,and evaluated the financial performance of China Science Finance through comprehensive score ranking.The study found that the financial performance of Sinodata is generally poor,with extremely poor profitability,poor operating capacity,and good solvency,but it has little significance for the good development of the enterprise or even negative effects.The development capacity is excellent,yet there are still a great deal of emphases to be promoted.Finally,based on the analysis,the paper puts forward countermeasures and suggestions to improve the financial performance level of Sinodata,hoping to improve the financial performance level of Sinodata and realize the maximization of enterprise value.At the same time,it is expected to provide a certain reference for the financial performance evaluation of the financial technology industry in the new economic era.