A Comparative Study Of The Overall Listed Financial Performance Of General Equipment Manufacturing Companies

General equipment manufacturing is a basic industry in equipment manufacturing,providing basic equipment and parts for industry.China's general equipment manufacturing enterprises have long been in a state of low concentration,unbalanced industrial chain development and lack of market competitiveness of high-end products."Made in China 2025",released by the state council in 2015,emphasizes the implementation of the strategy of manufacturing power.It requires general equipment manufacturing enterprises to integrate resources and accelerate transformation and upgrading.Overall listing can not only realize the parent company with the listed subsidiary of resource integration,produce scale effect and synergistic effect,and can be integrated into the transformation and upgrading of enterprises are in urgent need of money,increase investment in scientific research,enhance product competitiveness,so as to promote enterprise's financial performance.General equipment manufacturing enterprises regard the overall listing as a practical way to realize their strategic planning,to make themselves bigger and stronger,and to enhance their product competitiveness,so as to improve their financial performance.This paper summarizes the whole listing and financial performance related theories.First of all,this paper makes a comparative analysis of Qinchuan group company,Sanhua holding company and Shanghai electrical group company,which have been listed as a whole in general equipment manufacturing enterprises.This part is carried out from the aspects of the purpose,process and scheme of the overall listing of enterprises,so as to provide a basis for the analysis of financial performance differences and causes of the overall listing of enterprises.Subsequently,in order to study the impact of the overall listing on the comprehensive financial performance of general equipment manufacturing enterprises and the extent of the impact,factor analysis was used to build an evaluation model for the overall financial performance of general equipment manufacturing enterprises.On this basis,further to different between before and after the whole appears on the market and the enterprise financial performance indicators changes a detailed comparative analysis,and analyzes the causes of changes in these indicators.Therefore,the influence of the overall listing on the profitability,debt paying ability,operation ability and growth ability of general equipment manufacturing enterprises and the causes of different influences are obtained.Such a multi-angle analysis,aimed at refining three overall listing the experiences and lessons of general equipment manufacturing enterprises,whole appears on the market for the future reference for other general equipment manufacturing enterprises improve financial performance.