Research On Evaluation Of Financial Performance Level Of Instrument And Meter Industry Based On Factor Analysis

From the perspective of China’s economic development,the instrumentation industry has become an important part of China’s equipment manufacturing industry,and it has shouldered the heavy responsibility in China’s industrialization and upgrading of various industries.After decades of development,China’s instrumentation industry has initially formed an industrial system with relatively complete product categories and a certain market size and research and development capabilities.It is the second largest producer of instrumentation products in Asia except Japan.Overall,the development of China’s instrumentation industry is good.According to relevant data,in 2018,the total output value of the instrumentation industry in China and the average annual growth rate of sales revenue reached 12%.Products and technologies with international influence have emerged.Especially in the domestic industrial control system DCS performance is more prominent,indicating that China’s instrumentation industry has already had a certain international competitiveness.In terms of import and export trade,China’s instrumentation industry has shown a strong trend,especially in the middle and low-end products,China accounts for 60% of the world market.The range of exporting countries has gradually expanded.Although China’s instrumentation industry has made great achievements,the gap with developed regions such as the United States,Europe,and Japan is still significant.The fundamental reason is that China’s instrumentation industry has not yet mastered the core technology.Performance appraisal is the use of scientific methods to measure the performance indicators of a listed company during its lifetime,and evaluate its future development.Evaluating the performance of the company helps the company to find its own problems and stimulate the potential of the company.In this study,after combing the relevant research results and understanding the development status of instrumentation,the index evaluation system was constructed and the data was collected.The data was calculated by SPSS21.The ranking of 44 instruments and meters listed companies was calculated.From the comprehensive performance scores of listed companies,the single factor score shows that the growth factor score is the largest of the four common factors,which reflects that the growth ability of enterprises is the key factor affecting the performance of enterprises.The total score shows that the top five enterprises are security control technology,Weixing intelligence,anche testing,Hanwei technology and Topbond.It is not difficult to find that the enterprises with the highest total score have better single factor scores.From the regional statistical results,among the listed enterprises of instruments,Zhejiang Province accounts for the largest number,with 10 enterprises.Guangdong Province and Jiangsu Province ranked second with 6 enterprises.Beijing ranks fourth with five enterprises.The number of listed instruments and meters enterprises in coastal areas accounts for 61% of the total number of enterprises,indicating that the geographical location has a greater impact on the instrument and meter industry.