| The development of the environmental protection industry has a greater impact on the national economy,and in 2020,China proposed the "dual carbon" goal,which not only promoted the innovation of environmental protection industry technology and the optimization of technology,but also provided better development prospects and new opportunities for the environmental protection industry.Policy support has enabled many environmental protection enterprises to increase investment in research and development,and research and development projects continue to increase,and these enterprises will become the main force of the country to achieve energy conservation and emission reduction goals.In recent years,some small and medium-sized environmental protection enterprises have also hoped to seek listing opportunities in the highly competitive market to enhance their high credibility,influence and economic efficiency,and achieve sustainable development.Company A is an innovation-oriented technology-based environmental protection enterprise,founded in 2007.The company has outstanding performance in R&D projects,R&D investment and technical level.Similar to other small,medium and micro environmental protection enterprises,Company A hopes to learn from listed environmental protection companies and adopt better,faster and more accurate ways to improve financial performance,so as to seek a broader field of development.Therefore,this paper adopts the factor analysis method to comprehensively evaluate the financial performance level of Company A.Firstly,the relevant concepts of financial performance evaluation are clarified,and the advantages and feasibility of using factor analysis to evaluate financial performance are explained.Secondly,the basic financial situation of Company A is introduced from the three aspects of assets and liabilities,profitability and cash flow,and the shortcomings of Company A’s current financial performance evaluation system are pointed out.Thirdly,five financial indicators of profitability,operating capacity,solvency,development ability and income quality were selected to construct a financial performance evaluation system.Finally,the factor analysis method is used to analyze the financial performance of Company A from 2018 to 2021 by using the factor analysis method of SPSS software.Through the analysis of industries and case companies,this paper concludes that among the five selected financial indicators,growth ability and solvency have the greatest impact on the financial performance of listed companies of environmental protection enterprises;a horizontal comparison of Company A’s financial indicators from 2018 to 2021 found that Company A’s growth ability and operating capacity were relatively weak;longitudinal comparison of Company A’s financial indicators from 2018 to 2021 found that Company A’s financial performance in 2021 was poor;after in-depth analysis of the evaluation results from five aspects: profitability,operating capacity,solvency,development ability and income quality,it is proposed that Company A can take measures to improve its financial performance by upgrading sales channels,strengthening the supervision of investment projects,establishing a sound procurement cost control system and improving market sensitivity. |
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