Study On The Financial Performance Evaluation Of Baoding Power Supply Company

With the gradual deepening of the reform of electric power enterprises,the operating environment and mode of operation faced by power supply companies have undergone tremendous changes.With the rapid development of social economy,the competitive environment and financial management environment faced by enterprises are becoming more and more complex,which means that power supply companies need to evaluate their own financial performance and operating efficiency.The application of financial performance evaluation can truly and objectively reflect the financial situation and operating efficiency of the enterprise,which is of great significance to the management,decision-making,regulatory authorities and investors of the company.At present,there are many ways to evaluate the financial performance of enterprises,and most of the financial performance evaluation methods have achieved remarkable results.domestic power supply companies often use the traditional financial performance evaluation method,while foreign enterprises often use the economic value added evaluation method,focusing on the cost of enterprise equity capital,investment capital and operating profit,the evaluation results are more detailed,objective and accurate than the traditional financial performance method.In view of this,the SASAC of the state Council in 2010 put forward the economic value added as an important indicator of the comprehensive assessment of the central enterprises,in 2013 the economic value added as the focus of the assessment of enterprise operating performance.Based on this,this paper takes Baoding Power Supply Company as the research object,and first discusses the research background related to EVA and the significance of this article.On this basis,the author summarizes and summarizes the research status of EVA both at home and abroad,and confirms the theoretical research value of this article.Since then,in order to study the subject more clearly and clearly,this paper discusses the related concepts and theories of EVA,laying a theoretical foundation for the research of this article.After that,this paper analyzes the existing traditional financial performance evaluation system of Baoding Power Supply Company,analyzes the operation of Baoding Power Supply Company from the aspects of profitability,development ability,solvency and operational capability,and analyzes the traditional financial performance the existing problems of evaluation methods and the necessity of implementing evaluation methods based on EVA.In the fourth part,the author improves the financial performance evaluation of Baoding Power Supply Company,and compares the financial performance evaluation method based on EVA with the traditional financial evaluation method.Finally,this paper analyzes the application and application results of EVA-based financial performance evaluation method to determine the superiority of EVA.This paper argues that there are many problems with the traditional financial performance evaluation methods,such as the inconsistent goals of the owner and the manager of the company,the multi-objective management of the implementation of the evaluation criteria and the manipulation of the net profit of the evaluated object.After constructing EVA-based financial performance evaluation system,it is found that EVA-based financial performance evaluation system is more superior and reasonable,which can reflect the business status of Baoding Power Supply Company more objectively and accurately,and provide reasonable evaluation for Baoding Company's future financial performance Reference template.