Reform Of Mixed Ownership In Taiji Group Performance Analysis

Since the Third Plenary Session of the 18 th CPC Central Committee,the state has actively promoted the reform of mixed ownership,vigorously developed the mixed ownership economy,and deepened and promoted the reform of state-owned enterprises.As a result,the reform of mixed ownership has become an important measure for the active reform of state-owned enterprises,and gradually formed a development form of "from top to bottom,from central to local" throughout the country.The development of pharmaceutical industry has been strongly supported by the state,because it is related to national health,national economy and people’s livelihood,and it is an important industry in China.Taiji Group is a famous pharmaceutical enterprise in China.Since 2020,Taiji Group has been actively carrying out mixed ownership reform.With the deepening of the reform of state-owned enterprises,Taiji Group,with its unique choice,actively introduced China Pharmaceutical Group to participate in the shareholding and updated its organizational structure.At the same time,with the maturity of China’s capital market rules,the future reform of mixed ownership management will be more standardized and systematic.Whether the mixed ownership reform of state-owned enterprises can affect the performance of both enterprises and whether state-owned enterprises can improve the performance of enterprises after mixed reform is worthy of in-depth discussion and study.In this paper,combined with the practice of mixed reform of Taiji Group,the mixed improvement of Taiji Group and Sinopharm Group was deeply analyzed and studied by case method.First of all,this paper systematically expounds the related concepts and theories of mixed ownership reform,and makes a detailed analysis of the whole industrial development of pharmaceutical enterprises.Secondly,the development background,present situation,reasons and process of mixed ownership reform of Taiji are discussed in depth.In the performance analysis,the paper uses the event research method for empirical analysis and the financial index method for quantitative analysis,and makes a comprehensive evaluation of Taiji’s performance in a horizontal and vertical way,and finds that the operating performance of Taiji Group has been affected to varying degrees after the implementation of mixed ownership reform.Finally,from the analysis,it is found that Taiji Group has some problems after the mixed ownership reform,such as insufficient solvency,great financial risks,hidden dangers in corporate governance,insufficient product advantages,etc.,and some suggestions are put forward to improve the utilization rate of funds,improve the corporate governance structure,enhance product advantages,and improve the incentive mechanism,so as to provide some reference for those enterprises that have started the mixed ownership reform or are waiting for it.