Research On Financial Performance Evaluation Of Construction Enterprises

The construction industry is one of the pillar industries in China,which has a great influence for the development of the national economy.The objective evaluation of the performance of listed companies in construction industry can make the enterprises recognize their market competitiveness,so that the majority of investors can lie on the basis to make government funds better into the comprehensive ability of enterprises with high effective.It is positve to help promote the development of the industry and promote the economic development of our country effectively.At present,there are a variety of financial performance evaluation methods,but because of the strong correlation between the financial indicators,there are even contradictory properties between some financial indicators,not a single financial index has decisive can be used to evaluate the financial performance of the enterprise,so many theoretical framework of financial performance evaluation and lack of credibility.How to establish a reasonable financial index system for listed companies in the construction industry,scientifically assign the weight of indicators,and draw a more objective result of corporate financial performance evaluation is the focus of this paper.This article is composed of six parts.The first part mainly expounds the research background,purpose and significance of this study,related literature review,the research ideas,methods and innovations;the second part describes the construction of listed company financial performance evaluation concept,the concept,theory and financial performance evaluation method of the third part principle;from the index selection,by selecting the solvency and profitability,operating capacity,profitability and cash ability of five financial indicators as the evaluation index system to measure the framework,combined with the characteristics of the construction industry company of specific financial indicators were selected and modified to establish a reasonable construction of the listed company’s financial performance evaluation index system;part fourth analysis and research on the application of dynamic factor model method,build a scientific,reasonable and comprehensive construction The financial performance evaluation of company model,and based on the data of the construction industry in 2014-2016,calculated the scores of financial performance in the industry of67 companies,in descending order after the enterprise classification are discussed;the fifth part applys the build the financial performance evaluation model to the case of China State Construction Engineering Corporation Limited,and analyzes the case of enterprise from the horizontal and vertical two angles,finally gives the conclusion and suggestion;the sixth part is the summary and prospect.This paper summarizes the main conclusions of this study,and makes further prospects for theshortcomings.This paper makes up for the previous financial performance evaluation considering time factors in the influence on the performance evaluation results,according to the characteristics of the construction industry fixed financial performance evaluation index system,not only the financial performance of the listed companies in 2014-2016 were evaluated,but also the case study on the China State Construction Engineering Corporation Limited was evaluated with deeply analysis of the financial performance of the company and causes.