Research On Financial Performance Evaluation Of New Energy Listed Companies In China Based On DEA Model

The energy industry is a national development base and pillar industry.The world's old and new energy change is quietly occurring.The thirteen five plan clearly put forward the development of China's energy production and consumption of the revolutionary strategy,caled for the promotion of energy consumption revolution,energy supply revolution,energy and technological revolution,energy system revolution.Relying on the "The Belt and Road" development strategy to strengthen the cooperation between the new energy industry,promote the development of new energy companies,to our new energy companies to enter "The Belt and Road" along the market to provide more opportunities for development.Based on the above,this article studies the new energy industry listed companies have practical significance.This article from the perspective of financial performance of China's new energy industry listed companies to evaluate the study,the overall grasp of China's new energy industry development dynamics.In this paper,the combination of theoretical and empirical analysis of the method,first of several major financial performance evaluation methods to do a brief introduction and comparison.According to the characteristics of the industry to choose a more objective and appropriate DEA method for the study of new energy industry listed companies financial performance evaluation methods,in the second chapter of the DEA method to do the advantages of the relevant elaboration.Followed by a general summary of the new energy industry and new energy companies listed on the status quo.In the empirical analysis,the DEA model is introduced,and the input and output financial indicators and the DEA-BCC model,which are used for research and analysis,are determined according to the relevant principles.The samples of the 60 new energy listed companies from the Shanghai Stock Exchange and the Shenzhen Stock Exchange,The sample data is the average for the 2013 to 2015 financial indicators,the sample data dimensionless processing to the standardized data.The BCC model was used to analyze the standard data,and the results were analyzed and evaluated.(1)The scale of the new energy industry was increasing and the the development of good,of which there are nine effective DMU listed companies operating performance is good.(2)From the perspective of comprehensive technical efficiency of the new energy companies to divide and evaluate the effective DMU sample is nine,invalid DMU sample is fifty one.(3)The analysis of the complex causes of ineffective DMU can not be explained unilaterally,the reasons for pure technical efficiency,and the reasons for scale efficiency,and inefficient companies must tailor the appropriateimprovement measures.On the whole,China's new energy industry in recent three years overall development is still good,in the continuous progress,the development prospects of considerable.Finally,this paper from the government point of view,and enterprises themselves to improve the performance of China's new energy industry listed companies recommendations.