Performance Analysis And Evaluation Of State-owned Enterprise Asset Restructuring

As the growing strengthening of the connection between China's economy and the world economy,the national economic growth steps into the “new nor-mal”,China's capital market has been rapidly developed,and a lot of structural adjustment policies are introduced,such as the reform of state-owned and m-ixed-owned enterprises.All those require enterprises,especially the state-owned enterprises,to improve the competitive ability so as to adapt to the fierce competition between enterprises.Many state-owned enterprises chose the way of assets reorganization in order to maximize the value with the lowest costs.About if assets reorganization can truly lift enterprise value,all sectors of society care about it.There is big argument about the research method of performanc-e appraisal of assets reorganization,especially for those state-owned enterprises which under the State Asset Regulatory,and no certain conclusion about the method research.The essay will analyse and evaluate the performance appraisal of assets reorganization of enterprises under the same State Asset Regulatory with cases.First,the paper builds related theoretical frame of assets reorganization,in cluding four parts: definition?motivation?model and performance appraisal of assets reorganization,providing theoretical basis for following case study.Then,the essay analyse the case of the Yunnan Salt& Chemical Limited Company(YSCLC)'s assets reorganization project of 2016,introducing the basic situation of the Yunnan Provincial Energy Investment Group Limited Company(YPEIG LC)and the YSCLC and the stock right transfer of the YPEIGLC.Last,the p-aper analyse the motivation of the assets reorganization and clarify there are t-wo main stages of assets replacement and stock right purchase.After a series of assets reorganization activities,the Yunnan Provincial Energy Investment G-roup Limited Company controls the Yunnan Salt& Chemical Limited Company,so at the end,the Yunnan Salt& Chemical Limited Company renamed as the Yunnan Provincial Energy Investment Group Limited Company.And,the anal-ysis and evaluation chose the event research method?accountant method and o-bscure method to analyse the short-term and long-term assets reorganization of the YPEIGLC to estimate the effect of the reorganization.Event method and accountant method chose valid and standard data to analyse,as there is short of non-financial index analysis,so the paper also chose obscure method to eva-luate,mainly refer to the Rules for the Implementation of Comprehensive Perf-ormance of National Enterprises of 2006 which is printed and distributed by t-he State-owned Assets Supervision and Administration Committee(SASAC)of the State Council.According to industry standards,after the comprehensive in dex evaluation and analysis of reorganization of the YPEIGLC,using the final comprehensive scores we can see the assets reorganization having certain liftin-g about the performance appraisal and it is a successful activity.Meanwhile,we can see from different parts' results that some indexes are improved eviden-tly,but some are not,and the paper will evaluate the situation.The paper wil l give suggestion to the future development of the Yunnan Provincial Energy I nvestment Group Limited Company.Also,it hopes to provide related basis for similar cases.