Analysis On The Performance Of The Asset Restructuring Of State-owned Enterprises In Lanzhou City

Accompanied by reform of China, reorganizations of assets in State-owned enterprises have been gradually developed in the market economy system which is going to be perfect. But it is also in its infancy stage in which it can not fully follow the law of the market economy. Because state-owned enterprises in China own public ownership as the mainstay of the economy of the special position, the asset reorganization of state-owned enterprises has its special side.The assets reorganization in state-owned enterprises has experienced these stages from the action of minority enterprises in the 1980s to a national wave of economic reform in the 1990s and from the spontaneous actions of a small number of enterprises to the strategic adjustment of state-owned economy as a means of running state-owned enterprises and strategic measures which has been written into the Chinese Communist Party's 15th National Congress Report and affirmed further in the Party's Fourth Session of the 15th Central Committee. Visibly the role of assets reorganization in state-owned enterprises in economic life is important and is given high great expectations.This paper adopts indicators of the financial system and studies 10 state-owned enterprises' assets reorganization in Lanzhou City in 2006. The author defines three major categories which are expansion, contraction, the variant which have been on the basis of relevant theories and previous studies. For each type of asset reorganization, performance evaluation indicators have been devised respectively. We can use these indicators and input them to SPSS waresoft, using principal component analysis to study the performances of ten enterprises which have been considered to be our study objects. The study of time comprises previous year (2005) of assets reorganization, the year (2006) which the assets reorganization is operated and the following year (2007). Then the author will use the data which is available from the previous process to obverse the changes of performance of the ten industries by employing the means testing (T test) and the ratio test (Z test) in these three years, ie 2005, 2006 and 2007.The results showed that expansion and contraction of the assets reorganization of state-owned enterprises in Lanzhou City have better overall performance than the other type, and although the enterprises which adopt the variant type improve their performance in 2006, there is the tendency that dose no favor to assets reorganization based on the decline speed. Generally speaking, these three assets reorganization type of assets raise the performance of state-owned enterprises significantly. The author advocates employing expansion and contraction types. In the face of a decline in performance after assets reorganization, how the local government and enterprises in the reorganization of assets to continue down the road. Referring to the problem, the author makes a number of recommendations.