钢铁上市公司经营业绩综合评价研究

摘要

As the top companies,the performance of listed steel company directly reflects the profitability and development potential of the entire industry.Based on the theory of catastrophe,combined with financial analysis features in the steel industry,form the two aspects of the performance ability and development ability,this paper set up index system of performance evaluation of listed steel companies.Adopting catastrophe progression method,with the plain carbon-typed listed company as samples,the paper uses public financial data to conduct empirical research and comprehensive evaluation on 25 listed steel companies.The results show that there is no leader with absolute advantages,the overall profitability is relatively low and the value creation of enterprise needs to be further improved.Within the steel industry it is imperative to consolidate resources,complement advantages,and jointly develop.%钢铁上市公司是钢铁行业内的领军企业,其经营业绩直接反映整个行业的盈利状况和发展潜力。本文基于突变理论的思想,结合我国钢铁行业财务分析的特点,从业绩能力和发展能力两个方面,构建了钢铁上市公司经营业绩评价指标体系。采用突变级数法,以普钢类上市公司为例,利用公开的财务数据,对我国25家钢铁上市公司的经营业绩进行了实证研究和综合评价。分析结果显示,普钢类上市公司在经营业绩综合表现方面,尚无具有绝对优势的领先者,盈利质量整体较低,企业的价值创造有待进一步提高;行业内部需要资源整合、优势互补、共同发展。