Research On The Financial Performance Of China Eastern Airlines Logistics Mixed Ownership Reform

With the development and perfection of the market economy,state-owned enterprises,as an irreplaceable and important part of social and economic development,are becoming more and more important to the sustainability of my country’s economic development.However,many state-owned enterprises have their own unfavorable factors,such as unreasonable shareholding structure,imperfect corporate governance,and low overall enterprise efficiency.Therefore,in order to promote the better development of state-owned enterprises,stimulate and improve the vitality and comprehensive competitiveness of state-owned enterprises in the market,the government has decided to adopt various paths to carry out mixed ownership reform of state-owned enterprises.This article takes China Eastern Airlines Logistics Co.,Ltd.as an example.It is one of the first batch of mixed reform pilot enterprises in 2016,and it is also the first landing enterprise of the National Development and Reform Commission’s pilot mixed reform in the civil aviation field.The mixed reform experience is of high value and reference significance.The article first focuses on China Eastern Airlines Logistics.The history and motivation of the mixed ownership reform,and then analyze the internal governance structure of the enterprise after the mixed ownership reform,and use the financial index method to analyze the financial statements of China Eastern Logistics Company before and after the mixed ownership reform.The factor analysis method,with the help of SPSS system,builds the financial performance evaluation system of China Eastern Logistics,and finds the common factor by comparing the financial data of 24 companies in the same industry.The data,through horizontal and vertical comparative analysis,pointed out that China Eastern Logistics had problems in solvency and operational capabilities before the mixed-ownership reform and listing,which led to its low ranking.In order to further improve the financial performance of China Eastern Logistics after listing,this paper puts forward suggestions for improvement.The solvency can be improved by adopting an early warning mechanism for capital risks and measures to prevent financing risks.Operational capability can be improved by improving the accounts receivable management system and increasing R&D expenses,and some inspirations have also been obtained: mixed ownership reform can bring positive effects;enterprises should choose appropriate investment strategies during mixed ownership reform;Yes,the monitoring effect should also be strengthened.Analyzing the Financial Performance of China Eastern Airlines Logistics by Factor Analysis...