Research On Financial Quality Evaluation Of Mining Listed Companies

China’s capital market is far from the Shanghai stock exchange and Shenzhenstock exchange was established in1990, listed companies through the tradingplatform to broaden the financing channels, to bring more development opportunities.Due to changes in the special nature of the stock market, public companies’ financialquality is good or bad, will be amplified, causing a strong reaction. Public company’sfinancial quality is not only for the survival and development of enterprises,government departments, the majority of shareholders, managers, creditors and otherstakeholders who also have been concerned about the focus. Mining as the source ofthe economy provide raw materials for the development of the national economy. Inview of the special nature of the mining industry and the importance of targetedChina’s mining companies the quality of financial analysis and evaluation andresearch, by objectively financial data, the intuitive reactions listed mining company’soverall financial quality, and mastery of mining companies operating status, toidentify problems. To effectively protect the interests of investors, and guidelong-term rational development of the mining companies, has a certain practicalsignificance.Mining companies as the research object in this paper, in order to avoid thelimitations of Financial Quality Evaluation of subjective weighting method, we usefactor analysis, to better take into account the objective of the analysis process iscomprehensive, systematic and analytical results, intuitive. Using EXCEL to filter theraw data of listed companies in the2011financial profitability, solvency, operationability, the ability to grow four to select the14financial indicators. Using SPSSsoftware, after the screening of55samples of the company’s financial data werenormalized and compatibility test, draw the main factor score formula and QualityScore formula, which calculated the55sample companies score ranking. The industryaverage, variance, score ranking were analyzed, with a view to the quality of listedmining company’s financial system, comprehensive and accurate assessment the coalmining and washing industry, oil and gas extraction industry, ferrous metal mining industry, mining industry, mining support activities of five sub-sectors, take followingconclusions, Comprehensive financial quality score accord with normal distribution,this paper of the factor analysis method using the more successful; Coal mining andwashing industry, non-ferrous metal mining industry comprehensive financialaverage quality, in the entire mining industry property quality condition was good;Profit ability factor, debt paying ability factor, growth ability factor, operationcapacity factor on the quality of comprehensive financial contribution is the largest,correlation is good; Profitability although the contribution rate of comprehensivequality of financial situation, the largest and most stakeholders pay close attention tothe side, but not just as a standard as the basis of decision making, needcomprehensive consideration.