| The petrochemical industry plays a very important role in China’s long-term stability.In recent years,affected by domestic environmental protection policies,China’s petrochemical industry is facing the pressure of industrial transformation and upgrading.At the same time,the international situation is complex and changeable,and the domestic market demand changes greatly.Under such an environment,China’s petrochemical industry needs to actively innovate and meet the challenges.As a petrochemical enterprise,enterprise D responds to the call of the national environmental protection policy,actively carries out industrial transformation and upgrading,and faces various challenges.Therefore,it carries out financial performance evaluation,so as to form a comprehensive understanding of its financial situation and promote the healthy development of the enterprise.Firstly,this paper introduces the research background,purpose and significance,and the research status of financial performance evaluation at home and abroad,which defines the direction for the later research.Secondly,it introduces the related concepts of financial performance evaluation,including connotation and constituent elements.By comparing a variety of financial performance evaluation methods,it clearly puts forward the advantages of selecting the efficacy coefficient method as the financial performance evaluation method,and introduces the theoretical basis of financial performance evaluation.Then,it introduces the basic situation of the enterprise,including enterprise overview,financial status,operating results and cash flow status,and has a preliminary understanding of the operating status of the enterprise,which provides conditions for the later evaluation of enterprise financial performance.Then,the entropy method and Pearson correlation analysis method are used to determine the enterprise financial performance evaluation index system,and then the entropy method and efficiency coefficient method are used to evaluate the enterprise’s financial performance from vertical and horizontal perspectives.Among them,the financial data of enterprise d from 2012 to 2021 are selected for vertical comparison and analysis,and the vertical comparison results are obtained,At the same time,18 enterprises in the same industry are selected for horizontal comparative analysis of their financial data from 2017 to 2021,and the horizontal comparison results are obtained.Finally,it is concluded that the enterprise has the problems of weak operation ability,high short-term debt repayment risk,urgent improvement of development ability and unstable development of profitability,and puts forward corresponding improvement suggestions to improve the financial performance level of the enterprise.At the same time,it provides a reference for the financial performance evaluation of enterprises in the same industry. |
