Research On The Performance Of State-owned Enterprises Under The Background Of Mixed Ownership Reform

In our country,state-owned enterprises are the dominant force in the national economy and an important pillar of the socialist market economy.State-owned enterprises must take the lead in striving to become world-class enterprises and achieve sustainable development,continuous innovation and improvement.The report of the 19 th National Congress of the Communist Party of China proposes to deepen the reform of state-owned enterprises,develop a mixed-ownership economy,and cultivate world-class enterprises with global competitiveness.The state-owned enterprise reform has entered the deep water zone of state-owned assets reform in the three stages of forty years of decentralization and profitability,property rights reform,and deepening of management.The state-owned asset management system is ushered in the reform of the state-owned asset management system from focusing on managing enterprises to focusing on capital management.At present,the mixed ownership reform of state-owned enterprises is still the key direction of my country's policy development,and the study of the mixed-ownership reform of state-owned enterprises still has important prospects and value.Based on the background of mixed ownership reform,this paper selects Gree Electric as a case object to study the impact of mixed ownership reform on company performance.In terms of content arrangement,first introduce the basic theories and research status,and explain the basis of this article;secondly,summarize the mixed reform practice of listed state-owned enterprises in China,and further summarize the mechanism of mixed ownership reform on company performance on this basis;Thirdly,the mixed reform process of the case company Gree Electric is divided into three stages based on the actual situation,and three methods are used to analyze and discuss its company performance changes from multiple angles;finally,the experience summary of the mixed reform practice of Gree Electric is carried out.Discuss objectively the improvement and risks brought about by the mixed ownership reform,and provide suggestions and references for other companies' mixed ownership reform.After analyzing theories and cases,the main conclusions drawn are as follows:(1)Mixed ownership reform is essentially the acquisition of heterogeneous equity,and it is also a gradual process;heterogeneous equity enters the state-owned enterprise system by changing the ownership structure,It will inevitably involve changes in the shareholding structure,and will have an impact on both internal and external aspects of the company.It will affect corporate performance through specific paths such as weakening the policy burden of state-owned enterprises,improving internal governance systems,and enriching corporate incentive mechanisms;in addition,performance can also Prompt mixed reform issues and provide feedback for optimization of mixed reform plans.(2)The introduction of strategic investors needs to consider their strength,background and investment style.The resources of strategic investors will also play a role in promoting business changes after the mixed reform of enterprises.Different types of state-owned enterprises should be based on their own conditions and their respective.The interests of stakeholders choose different mixed reform paths.(3)The mixed reform of state-owned enterprises has a certain lag in the improvement of financial performance,and the success of the mixed reform cannot be commented on the current performance;at the same time,attention should be paid to preventing possible risks during the mixed reform.In the case of excessively dispersed equity,excessive management rights may lead to problems such as insider control,and corporate stakeholders should be vigilant;based on the potential problems of the mixed reform,attention should be paid to the company's discourse system and business management synergy after the mixed reform.Integration,based on enterprise development,to achieve a win-win situation for all parties.