合资铁路公司经营绩效分析评价指标体系及控制机制研究  

Analysis-Evaluation Indicator System and Control Mechanism for the Business Performance of Joint Venture Railway Companies

作　　者：刘路然 武中凯 LIU Luran;WU Zhongkai(Department of Investment and Equity Management,China Railway Investment Group Co.,Ltd.,Beijing 100097,China;Board of Directors,China Railway Development Fund Co.,Ltd.,Beijing 100097,China)

机构地区：[1]中国铁路投资集团有限公司投资与股权管理部,北京100097 [2]中国铁路发展基金股份有限公司董事会,北京100097

出　　处：《铁道经济研究》2024年第1期8-13,共6页Railway Economics Research

基　　金：中国国家铁路集团有限公司科技研究开发计划软科学课题(2023F009)。

摘　　要：合资铁路公司日趋成为支撑和服务铁路高质量发展的生力军,亟需进一步提高经营质效。通过分析合资铁路公司经营绩效分析评价现状,从盈利能力、经营增长、资产质量、债务风险4个维度,选取企业利润总额、净资产收益率、营业收入增长率、运输换算周转量、国有资本保值增值率、总资产周转率、资产负债率、利息保障倍数8个指标,构建合资铁路公司经营绩效分析评价指标体系,探析合资铁路公司经营绩效分析评价控制机制,提出配套保障策略,为提升合资铁路公司经营绩效分析评价提供支撑。Joint venture railway companies are the driving force to support and serve the high-quality development of the railway sector.Therefore,it is vital to further improve the quality and efficiency of their operations.This paper first analyzes the current situa⁃tion of business performance analysis and evaluation of joint venture railway companies.Then a performance analysis-evaluation indi⁃cator system for joint venture railway companies is established from four dimensions:profitability,business growth,asset quality,and debt risk.The system includes 8 indicators:total profit,return on equity,revenue growth rate,traffic turnover,state-owned capital pres⁃ervation and value added rate,total asset turnover rate,asset liability rate and interest coverage rate.Finally the business performance analysis,evaluation and control mechanism of joint venture railway companies is analyzed and the supporting strategies are proposed to improve the performance analysis and evaluation of joint venture railway companies.

关 键 词：合资铁路 公司治理 经营绩效 指标体系 财务分析 控制机制 保障措施 风险预警 

分 类 号：F532.6[经济管理—产业经济] F530.68