Research Based On Modified Income Approach On The Value Evaluation Of The Shareholders’ Equity Of Hangzhou D Co.,Ltd.

With the development of reform and opening-up,Sino-foreign joint venture cooperation,reform of state-owned enterprises,merger and bankruptcy and other economic acts involving property rights changes appear in large numbers.In order to determine a reasonable transfer price of property rights in the course of property rights transactions,to protect the rights and interests of both sides of the transaction,asset evaluation activities came into being at the historic moment,and gradually improved to better serve the development of the national economy.In the research of equity value,this paper analyzes and summarizes the various theoretical views of scholars at home and abroad,and on this basis,obtains the understanding of equity value;On the theoretical basis,this paper makes a comparative analysis of the common asset-based method,the market method and the income method,and analyzes the characteristics,advantages and disadvantages,and the scope of application of each valuation method.In addition,this paper introduces the operating residual income method,summarizes the applicable evaluation methods at each stage of the enterprise,and explains the development and model of the operating residual income model method.On the basis of theoretical research,this paper analyzes the financial statements and current operation of Hangzhou D co.,ltd,selects asset-based method and operating surplus income method to evaluate the company’s equity value,and analyzes and summarizes the results obtained by the two methods.According to the actual situation analysis,appraisal base date Hangzhou D co.,ltd has strong solvency and profitability,the company is in rapid development phase,the operation method of residual income to evaluate the company’s equity value,the me thod to evaluate not only conform to the company’s current operating conditions and the current enterprise value of the asset,and took into account the enterprise benefits brought by the rapid development,so business residual income method is more reasonable to evaluate the results than asset base method,more in line with the appraisal base date the value of the company’s shareholders’ equity value evaluation Therefore,the shareholder equity value of Hangzhou D co.,ltd.assessed by the method of operating surplus income is taken as the final assessment value。Finally,through the combination of asset-based method and operating surplus income method in the equity value assessment found problems,put forward to strengthen the theoretical construction,team construction and internal and external supervision suggestions.