Research on Financial Performance of Chinese Expressway-Listed Corporation-Based on the Factor Analysis Method

Abstract

This paper from the perspective of financial performance, using the factor analysis method to analylze financial comprehensive performance of 17 sample corporation which are chosen from chinese highway-listed corporation, aims to build financial performance evaluation system of highway industry.11 indicators were selected from four aspect: solvency, profitability, growth ability, operation ability, and finally four principal factors were extracted. Then, the score of four principal factors can be got by using factor analysis, and then regression equation was established to gain comprehensive scores and rankings. Highway-listed corporations were analylzed and evaluated by using the above data and imformation. Finally, this article suggestion, in order to improve the comprehensive performance of highway industry, the corporations need to strengthen the management and use of assets.