Research On The Performance Evaluation Of Listed Companies In Xinjiang

Xinjiang Uygur Autonomous Region is located in the geographic center of the Eurasian continent, lingering land border with Russia, Kazakhstan and other eight countries. It is the core part of "Western Development" and "The Belt and Road". At the end of 2015, it totally had 43 listed companies in Shanghai and Shenzhen Stock Exchange. The stock market value at the end of 2015 totaled 614.101 billion yuan. The number of listed company ranked 16 th in all of provinces and ranked first in five northwestern provinces. Regional listed companies through IPO, rights offering, and other forms of financing to raise a lot of money raise fund for helping the economic development of Xinjiang. It is important and necessary to evaluate these listed companies’ comprehensive performance. It can not only directly reflect the performance for managers to improve management of listed companies in Xinjiang, also can provide basic information for many small investors. Based on the above background, the paper proposed to establish a comprehensive evaluation of its operating performance for these listed companies in Xinjiang. Hope to provide valuable reference for decision-makers in the Xinjiang region.In terms of empirical research, this paper uses 41 listed companies in Xinjiang as a total sample, and selects 12 indicators in five areas based on the 2015 interim financial reports to establish the indicator system for operating performance evaluation of the listed companies.It uses analysis tool of SPSS22.0 software and the factor analysis method to obtain the scores and ranks of five major factors including operating capabilities,solvency, profitability, growth, and cash flow capacity as well as comprehensive performances of listed companies in Xinjiang, further to calculate the score and ranking. Overall, the number of listed companies in Xinjiang is few and quality is not very well, the development of different regions and industries is not balanced.According to the results of empirical analysis, listed companies should focus on enhancing the capacity of operational and solvency, at the same time to improve and coordinate other capabilities.