Research On Financial Performance Evaluation Of Gem IT Listed Companies

Since 1980,the IT industry has experienced the era of personal computer,Internet and mobile Internet,and now it has opened the era of intelligent 5G network,Internet of things,cloud computing and artificial intelligence.With the advent of the information age,information technology has penetrated into all fields of human production and life,and information technology has become a great driving force for social progress.In twenty-first Century,China will make full efforts to strengthen the IT industry,constantly push forward the process of national economic informatization,and strive to realize the dream of IT power.In 2017,the development of China's IT industry has made great achievements:the scale of the IT industry is further expanded,the overall income and profit are growing rapidly,and the innovative capabilities of basic software,core industry software,cloud computing,large data,artificial intelligence and other emerging fields are further enhanced.However,at present,China's IT industry is still in the growth period,and the key technologies such as integrated circuits and semiconductors have a big gap compared with the advanced level of the developed countries in the world.At the same time,it also proves that the IT industry in our country has a great development space and market potential to excavate.Then,in the further acceleration of the development of the IT industry,how to improve the core technology innovation ability of the IT industry,strengthen the independent development ability of the enterprise,and cultivate a group of leading enterprises with international influence and competitiveness is the urgent problem that our country needs to concentrate on.Against this background,this paper proposes a performance evaluation study of gem IT industry listed companies from a financial perspective.By collecting and understanding relevant theories and literature on performance evaluation both at home and abroad,this paper reviews the history of performance appraisal theory.At the same time,it summarizes several representative financial performance evaluation methods and their advantages and disadvantages.On the basis of related literature,by comparing the main financial performance evaluation methods,the comprehensive analysis method combining factor analysis and data envelopment is adopted to calculate and evaluate the financial performance of Sample Firms from comprehensive efficiency,pure technical efficiency and scale efficiency.In this paper,37 software and information technology services listed companies are selected as research samples,and the financial report data of the Sample Firms for 2014-2016 years are collected.With the help of factor analysis,many financial indicators are integrated to extract the public factors that can represent most of the financial information.Then the DEA model is constructed.The financial performance evaluation index system of the type evaluation is based on the analysis results to explore the problems existing in the development of the listed companies in IT industry,and to put forward the feasible measures to improve the financial performance.The results show that the maximum comprehensive efficiency of the 37 listed companies selected by the Institute is 1 and the minimum value is 0.227.Obviously,there are obvious differences in the financial performance among the companies.As far as comprehensive efficiency is concerned,14 are effective and 23 are ineffective,and most of the companies are ineffective in comprehensive efficiency,which indicates that these companies need to further optimize the allocation of resources or adjust their scale according to their own actual conditions.In terms of pure technical efficiency,17 companies are effective and 20 are invalid.This shows that IT industry's financial management level is low and needs further improvement of management technology.As far as scale efficiency is concerned,the income of 14 companies is unchanged,the income of the 18 companies is on the rise,and the income of the 5 companies is shrinking.It can be concluded that 62.16%of the 37 companies are ineffective,which means that these companies should further expand the company size according to the specific situation of the company.Increase the rate of return on investment or control the scale of investment and improve the efficiency of resource utilization.Finally,according to the research results,the paper puts forward corresponding suggestions and Countermeasures on how to improve the financial performance of Listed Companies in IT industry.