The Gem Listed Companies Operating Performance Evaluation Research In Our Country

October2009, Grown enterprise market launched in Shen Zhen securities exchange bourse. GEM which is known as "China Nasdaq" fixes Position to Promote Innovation, science and technology and other growth-oriented innovation enterprise’s development.The establishment of GEM will mark capital markets multi-level and diversified. The capital market will also usher in an unprecedented prosperity and active. But the listing enterprises on the GEM are mostly smaller, Little-known. The maturity of technology, the stability of quality, and the market foreground have greater uncertainty, so the risk of GEM market is bigger. As an emerging marking,due to establishing only two years, at present research about The GEM market still stays in normative, the empirical analysis is more blank. So, there is more important significance and far-reaching influence to research the operation Performance of GEM empirically.On the basis of the experience form western Performance evaluation of listed companies and combining the our country Current reality, This Paper takes Chinese listed companies of GEM as research objects, and systematically study its synthesized Performance evaluation and model, applying economies and management related theory. The Performance evaluation model of Chinese listed companies of GEM has to include not only the traditional financial Performance evaluation system, but also need other non-financial performance evaluation system. Moreover the latter should be placed in the predominance position. It needs to keep eyes on a long-term improvement of listed companies’ performance. According to the analytical method of principal component, set up key financial performance evaluation model based on cash flow factor. Via faintness synthesis evaluation method, set up Performance evaluation model of non-finance. Then the financial and non-financial index model have been used to real Diagnosis research and contrast analysis based on20top Chinese listed companies of GEM in2011which have been evaluated by China Securities Times.