Implementation Path And Financial Performance Evaluation Of Mixed Ownership Reform In Yunnan Baiyao

State-owned enterprises took new steps in reform after 2013,implemented national policy documents,and actively practiced mixed ownership,pursued the establishment of an increasingly perfect management system,transformed the state-owned capital management mechanism faster,released state-owned capital vitality,and maximized the performance of state-owned enterprise management The key to this reform lies in the introduction of state-owned enterprises into private enterprises,while reforming the shareholding structure,governance mechanism and operation management system to achieve the effective docking and integration of state-owned capital and private capital.Yunnan Baiyao,as the pilot of Yunnan Province to promote the reform of mixed ownership,after carefully understanding the reform policies and documents,in the process of steadily promoting the reform,has always maintained the equity balance of state-owned and private capital,reformed the management system,and established a more standardized The market-oriented decision-making and restraint incentive mechanism have achieved the unification.On this basis,this paper focuses on the reform process of Yunnan Baiyao,through literature research,case analysis and factor analysis,to explore the main implementation path of Yunnan Baiyao mixed ownership reform and its post-reform financial performance,and analyze the reform effect.First,the thesis focuses on combing the relevant literature on the motivation,implementation path and performance evaluation of mixed ownership reform in state-owned enterprises.Secondly,it elaborate the theories related to the research issues of the thesis.Then the Yunnan Baiyao reform participants,reform motives,reform implementation path and reform achievements are introduced in detail in the process of Yunnan Baiyao mixed ownership reform.Finally,the factor analysis method is used to evaluate the financial performance level of Yunnan Baiyao after reform,and analyze its shortcomings.The study found that in order to cope with the pressure of the regulatory reform of the pharmaceutical industry and the decline in its own performance,Yunnan Baiyao,with the strong support of the government,introduced a variety of private enterprises,reformed the company's management system,listed on the A-share market,and improved incentive mechanisms This approach has achieved good reform progress and results.However,because Yunnan Baiyao and the newly introduced private capital are still at the stage of running in,the financial performance improvement effect after the reform is not obvious.Through the analysis of the reform effect of Yunnan Baiyao Company,the inspiration is mainly that the reform of mixed ownership is a gradual process,and the development strategy formulated with long-term vision has no obvious effect in short-term performance evaluation.Secondly,the choice of reform implementation path is closely related to the strategic intentions and vital interests of all reform participants.Based on the practical experience of Yunnan Baiyao,we propose to state-owned enterprises that have doubts about mixed ownership reform,that is,to establish and implement supporting management systems during the reform,effectively integrate state-owned capital and private capital,and improve independent innovation capabilities of enterprises.Due to the limited time and scope for reading literature and collating data resources,this paper's analysis and research on the progress of Yunnan Baiyao's mixed ownership is not perfect.We will continue to pay close attention to the progress of Yunnan Baiyao reform and subsequent implementation to provide research for this article.