A Study On Operating Performance Evaluation Of The Listed Construction Companies

With the rapid development of construction companies in China, industry market operating mechanism and gradually formed, the construction enterprises are becoming more and more important position in the national economy. Listed construction companies as one of the many construction enterprises, has its unique advantages, the construction industry as a whole,"the leader" and "weathervane", therefore, causing more and more attention of theoretical and practical circles. Operating performance evaluation of listed construction companies in China, promotes to understand the operating conditions and the potential for development of China’s construction industry as a whole, which has important practical significance to improve the operating performance and strengthen the competition of construction companies in China.First, Review and synthesis scholars at home and abroad about the Enterprise Performance Evaluation and Performance Evaluation of construction enterprises, and analyze the current development of construction companies in China, at the same time, make a comparative analysis of the construction industry’s current performance evaluation method.Then, choose the method of weighted moving average method and factor analysis combined dynamic factor analysis to evaluate the operating performance of listed construction enterprises in China. A dynamic evaluation method is a more objective evaluation method. Select18financial indicators, including profit ability, shareholder profit ability, solvency, operation ability, development ability, cash flow, ability to constitute a performance evaluation index system. Put the18financial indicator data, including the30listed construction enterprises from2008to2011, as sample data. On this basis, analyze business performance evaluation of listed construction enterprises in China empirically using SPSS17.0statistical software. The result shows that, from a single point of view, overall profit ability and development ability of the listed construction enterprises in China are not outstanding, but there is room for improvement; operating capacity and cash flow capabilities are not high, the urgent need to improve; the solvency is generally weak; shareholder profitability is uneven, showing a more serious polarization trend. From the whole point of view, the development of listed construction enterprises in China is not balanced and the overall performance is not optimistic.Finally, based on the analysis of the empirical results, point out the main reasons for the poor business performance of listed construction enterprises, that is, a general lack of core competitiveness, poor financing capacity, low level of project management, and develop and enhance core competitiveness, banks and enterprises Union enhance project management capabilities proposed recommendations to enhance the performance of listed construction enterprises in China.