Shanxi Coal Enterprises Annexation And Reorganization Performance Evaluation Research

As a resource-based provinces of shanxi,the coal industry has more important significance for economic and social development.Due to the long-term development of coal industry,the impact on the development of other emerging industries,leading to economic structure is not optimal,insufficient development momentum and potential.Take the lead in the merger and reorganization of coal resources in Shanxi Province,its long experience,large scale and influence,how to evaluate the effect of merger and reorganization of coal resources,become the urgent need of research to solve problems.Based on company merger and reorganization of shanxi shanxi L M,N company after comparing the performance before and after,and for the future development of shanxi L company put forward opinions and Suggestions,in order to shanxi coal industry supply side of the current ongoing structural reform work.In this paper,combining with the actual situation of shanxi L company,studying carefully combed the relevant research literature,the synthetic evaluation of considering the performance of merger and reorganization of coal,should not only pay attention to use traditional financial indicators analysis,and to consider the non-financial indicators,especially in resources and environment constraints,security under severe pressure,environmental performance,safety performance is the manifestation of a corporate social responsibility,determines an enterprise can get long-term development.Therefore,in this paper,the safety performance,including financial performance,environmental performance is a body comprehensive performance evaluation system,and the performance before and after the merger and reorganization of shanxi L company evaluation and analysis,the results showed that L company after the merger and reorganization performance overall level in Shanxi Province had significantly improved,embodied in: financial performance,quick ratio is higher,the total assets ratio is low,debt paying ability enhancement;Enterprise asset liquidity,total asset turnover increased,operating ability enhancement;The decrease in the total enterprise assets return rate,return on equity profitability;Enterprise operating profit growth rate,net profit growth rate,growth in business revenue growth is positive,the development,enterprises are promising.Safety performance,safety equipment investment proportion,one million tons mortality,mergers and reorganization after all have obviously improved than before.Environmental performance,the recovery rate of coal resources,sewage disposal and utilization,wastewater,emissions,solid waste emissions and other aspects have reached the level of environmental performance of the short-term,but long-term environmental performance targets have a certain gap.Analysis its reason,after the merger and reorganization of shanxi L company,enterprise scale,economic synergy effect,the enterprise management level,technical efficiency,safety,environmental protection and so on have been strengthened,and the financial performance,safety performance,the overall environmental performance level improved,but the coal market downturn,the national macroscopic policy adjustment,and shanxi L reason such as influence enterprise itself of its poor management,lead to weaker corporate profitability,corporate environmental performance,there is still a gap from long-term performance.Finally,the paper in shanxi L company after the merger and reorganization of the basis of the advantages and disadvantages,put forward to consolidate and improve L in shanxi coal enterprise mergers and reorganization of opinions and Suggestions: including lower production costs,remain wary of debt,improve the level of inventory management,improve enterprise efficiency,strengthen the construction of enterprise security,improve the efficiency of the enterprise environment and ensure that local people benefit.