The feed industry serves as a critical intermediary between agriculture and animal husbandry,providing essential support for the modern breeding industry.Utilizing the annual financial report data from 19 publicly lis...The feed industry serves as a critical intermediary between agriculture and animal husbandry,providing essential support for the modern breeding industry.Utilizing the annual financial report data from 19 publicly listed companies within the feed industry in 2023,a comprehensive evaluation index system was developed to assess the financial performance of these companies from four dimensions:debt paying ability,operational ability,profitability,and development ability.Factor analysis and hierarchical cluster analysis were employed to assess the financial performance of publicly listed companies within the feed industry.By comparing the mean classifications and comprehensive scores,this study analyzed the strengths and weaknesses of these listed feed companies.Ultimately,it offered recommendations for improvement in areas such as product optimization and enhancement,reasonable liability management,and the advancement of company governance practices.展开更多
High temperature and humidity can be controlled in greenhouses by using mechanical refrigeration cooling system such as air conditioner(AC)in warm and humid regions.This study aims to evaluate the techno-financial asp...High temperature and humidity can be controlled in greenhouses by using mechanical refrigeration cooling system such as air conditioner(AC)in warm and humid regions.This study aims to evaluate the techno-financial aspects of the AC-cooled greenhouse as compared to the evaporative cooled(EV-cooled)greenhouse in winter and summer seasons.Two quonset single-span prototype greenhouses were built in the Agriculture Experiment Station of Sultan Qaboos University,Oman,with dimensions of 6.0 m long and 3.0 m wide.The AC-cooled greenhouse was covered by a rockwool insulated polyethylene plastic sheet and light emitting diodes(LED)lights were used as a source of light,while the EV-cooled greenhouse was covered by a transparent polyethylene sheet and sunlight was used as light source.Three cultivars of high-value lettuce were grown for experimentation.To evaluate the technical efficiency of greenhouse performance,we conducted measures on land use efficiency(LUE),water use efficiency(WUE),gross water use efficiency(GWUE)and energy use efficiency(EUE).Financial analysis was conducted to compare the profitability of both greenhouses.The results showed that the LUE in winter were 10.10 and 14.50 kg/m^(2) for the AC-and EV-cooled greenhouses,respectively.However,the values reduced near to 6.80 kg/m^(2) in both greenhouses in summer.The WUE of the AC-cooled greenhouse was higher than that of the EV-cooled greenhouse by 3.8%in winter and 26.8%in summer.The GWUE was used to measure the total yield to the total greenhouse water consumption including irrigation and cooling water;it was higher in the AC-cooled greenhouse than in the EV-cooled greenhouse in both summer and winter seasons by almost 98.0%–99.4%.The EUE in the EV-cooled greenhouse was higher in both seasons.Financial analysis showed that in winter,gross return,net return and benefit-to-cost ratio were better in the EVcooled greenhouse,while in summer,those were higher in the AC-cooled greenhouse.The values of internal rate of return in the AC-and EV-cooled greenhouses were 63.4%and 129.3%,respectively.In both greenhouses,lettuce investment was highly sensitive to changes in price,yield and energy cost.The financial performance of the AC-cooled greenhouse in summer was better than that of the EV-cooled greenhouse and the pattern was opposite in winter.Finally,more studies on the optimum LED light intensity for any particular crop have to be conducted over different growing seasons in order to enhance the yield quantity and quality of crop.展开更多
The continuous growth in per capita national disposable income has propelled the global cosmetics industry to significant growth over the past decade.Taking Proya Cosmetics Co.,Ltd.as an example,this paper adopts a st...The continuous growth in per capita national disposable income has propelled the global cosmetics industry to significant growth over the past decade.Taking Proya Cosmetics Co.,Ltd.as an example,this paper adopts a stakeholder perspective.By selecting financial indicators from Proya’s annual reports from 2017 to 2022,standardizing the data using SPSS software,and applying factor analysis,a series of financial performance evaluation models for Proya were constructed.A total of 15 listed companies in the same industry and Proya’s financial indicators over the past six years were selected for horizontal and vertical comparative analysis and evaluation.The analysis reveals that creditors,employees,and the government are the primary stakeholders influencing Proya’s financial performance.Based on these findings,corresponding strategies are proposed:safeguarding creditor interests from multiple angles;prioritizing value creation to enhance employee satisfaction;and strengthening social responsibility awareness while actively cooperating with government initiatives.展开更多
As a key sector in advancing China’s“carbon neutrality”goal,the machinery manufacturing industry has achieved remarkable development in recent years.Against this backdrop,the scientific and objective evaluation of ...As a key sector in advancing China’s“carbon neutrality”goal,the machinery manufacturing industry has achieved remarkable development in recent years.Against this backdrop,the scientific and objective evaluation of the financial performance of machinery manufacturing enterprises has become a pressing issue in financial research.This topic is not only crucial for optimizing enterprise management and improving operational efficiency but also essential for enhancing overall industry performance and promoting sustainable development.This paper first introduces the concept of financial performance,followed by an analysis of related financial performance evaluation theories.It then focuses on the application of the entropy method in evaluating the financial performance of machinery manufacturing enterprises,detailing its analytical steps.Finally,a financial performance evaluation index system is constructed based on four dimensions:profitability,solvency,operational efficiency,and growth potential.展开更多
This paper examines the financial risk evaluation system in the context of the“Great Intelligence Movement Cloud”and employs the hierarchical analysis method as the primary research tool.With the rapid advancement o...This paper examines the financial risk evaluation system in the context of the“Great Intelligence Movement Cloud”and employs the hierarchical analysis method as the primary research tool.With the rapid advancement of“Great Intelligence Movement Cloud”technology,enterprise financial risks have expanded from the offline domain to the information domain,encompassing a broader scope and more diverse channels.The traditional approach to risk identification,relying solely on single financial indicators,no longer meets current demands.Therefore,it is essential to integrate a non-financial early warning indicator system and adopt a combination of quantitative and qualitative analysis methods.Hierarchical analysis enables the decomposition of complex problems into multiple components and organizes them into a hierarchical structure based on their relationships,facilitating a more accurate assessment of financial risk.This study seeks to establish a comprehensive financial risk evaluation system suited to the“Great Intelligence Movement Cloud”context,offering enterprises more precise risk assessments to better address financial risks and achieve steady development.展开更多
The feasibility study of a public-private partnership （PPP） project is regarded as one of the critical factors for successful implementation, but unfortunately the common financial evaluation methods currently used ...The feasibility study of a public-private partnership （PPP） project is regarded as one of the critical factors for successful implementation, but unfortunately the common financial evaluation methods currently used only represent the benefits of the private sector. There is, therefore, an urgent need to develop an equitable financial evaluation method for PPP projects. This paper presents a comprehensive literature review that examines international practices. An equitable financial evaluation method was then developed taking into account the inherent characteristics of PPP projects using six separate indicators and Monte Carlo simulations. The result for a bridge project in Romania shows that the method combines the viewpoints of all the relevant stakeholders to achieve an equitable financial evaluation of PPP projects.展开更多
At this stage, China is vigorously promoting the reform of the supply-side structure to promote the transformation and upgrading of the economy. In this process, the project investment decision of the enterprise plays...At this stage, China is vigorously promoting the reform of the supply-side structure to promote the transformation and upgrading of the economy. In this process, the project investment decision of the enterprise plays a very important role, which affects the development of the enterprise. It is necessary to apply the financial and economic evaluation method in a timely manner to identify the risks in the project investment decision and improve the safety of the enterprise development. Based on this, this paper analyzes the financial and economic evaluation method from three aspects of connotation, significance and classification, clarifies the analysis that should be paid attention to in the application process of this method, and explains the specific application, in order to provide reference for the follow-up research in this field.展开更多
This paper emphatically introduces the general situation, financial evaluation and competitive edge of both Xiangjiaba and Xiluodu hydropower stations, and briefs the preparatory works of Wudongde and Baihetan hydropo...This paper emphatically introduces the general situation, financial evaluation and competitive edge of both Xiangjiaba and Xiluodu hydropower stations, and briefs the preparatory works of Wudongde and Baihetan hydropower stations.展开更多
文摘The feed industry serves as a critical intermediary between agriculture and animal husbandry,providing essential support for the modern breeding industry.Utilizing the annual financial report data from 19 publicly listed companies within the feed industry in 2023,a comprehensive evaluation index system was developed to assess the financial performance of these companies from four dimensions:debt paying ability,operational ability,profitability,and development ability.Factor analysis and hierarchical cluster analysis were employed to assess the financial performance of publicly listed companies within the feed industry.By comparing the mean classifications and comprehensive scores,this study analyzed the strengths and weaknesses of these listed feed companies.Ultimately,it offered recommendations for improvement in areas such as product optimization and enhancement,reasonable liability management,and the advancement of company governance practices.
文摘High temperature and humidity can be controlled in greenhouses by using mechanical refrigeration cooling system such as air conditioner(AC)in warm and humid regions.This study aims to evaluate the techno-financial aspects of the AC-cooled greenhouse as compared to the evaporative cooled(EV-cooled)greenhouse in winter and summer seasons.Two quonset single-span prototype greenhouses were built in the Agriculture Experiment Station of Sultan Qaboos University,Oman,with dimensions of 6.0 m long and 3.0 m wide.The AC-cooled greenhouse was covered by a rockwool insulated polyethylene plastic sheet and light emitting diodes(LED)lights were used as a source of light,while the EV-cooled greenhouse was covered by a transparent polyethylene sheet and sunlight was used as light source.Three cultivars of high-value lettuce were grown for experimentation.To evaluate the technical efficiency of greenhouse performance,we conducted measures on land use efficiency(LUE),water use efficiency(WUE),gross water use efficiency(GWUE)and energy use efficiency(EUE).Financial analysis was conducted to compare the profitability of both greenhouses.The results showed that the LUE in winter were 10.10 and 14.50 kg/m^(2) for the AC-and EV-cooled greenhouses,respectively.However,the values reduced near to 6.80 kg/m^(2) in both greenhouses in summer.The WUE of the AC-cooled greenhouse was higher than that of the EV-cooled greenhouse by 3.8%in winter and 26.8%in summer.The GWUE was used to measure the total yield to the total greenhouse water consumption including irrigation and cooling water;it was higher in the AC-cooled greenhouse than in the EV-cooled greenhouse in both summer and winter seasons by almost 98.0%–99.4%.The EUE in the EV-cooled greenhouse was higher in both seasons.Financial analysis showed that in winter,gross return,net return and benefit-to-cost ratio were better in the EVcooled greenhouse,while in summer,those were higher in the AC-cooled greenhouse.The values of internal rate of return in the AC-and EV-cooled greenhouses were 63.4%and 129.3%,respectively.In both greenhouses,lettuce investment was highly sensitive to changes in price,yield and energy cost.The financial performance of the AC-cooled greenhouse in summer was better than that of the EV-cooled greenhouse and the pattern was opposite in winter.Finally,more studies on the optimum LED light intensity for any particular crop have to be conducted over different growing seasons in order to enhance the yield quantity and quality of crop.
文摘The continuous growth in per capita national disposable income has propelled the global cosmetics industry to significant growth over the past decade.Taking Proya Cosmetics Co.,Ltd.as an example,this paper adopts a stakeholder perspective.By selecting financial indicators from Proya’s annual reports from 2017 to 2022,standardizing the data using SPSS software,and applying factor analysis,a series of financial performance evaluation models for Proya were constructed.A total of 15 listed companies in the same industry and Proya’s financial indicators over the past six years were selected for horizontal and vertical comparative analysis and evaluation.The analysis reveals that creditors,employees,and the government are the primary stakeholders influencing Proya’s financial performance.Based on these findings,corresponding strategies are proposed:safeguarding creditor interests from multiple angles;prioritizing value creation to enhance employee satisfaction;and strengthening social responsibility awareness while actively cooperating with government initiatives.
文摘As a key sector in advancing China’s“carbon neutrality”goal,the machinery manufacturing industry has achieved remarkable development in recent years.Against this backdrop,the scientific and objective evaluation of the financial performance of machinery manufacturing enterprises has become a pressing issue in financial research.This topic is not only crucial for optimizing enterprise management and improving operational efficiency but also essential for enhancing overall industry performance and promoting sustainable development.This paper first introduces the concept of financial performance,followed by an analysis of related financial performance evaluation theories.It then focuses on the application of the entropy method in evaluating the financial performance of machinery manufacturing enterprises,detailing its analytical steps.Finally,a financial performance evaluation index system is constructed based on four dimensions:profitability,solvency,operational efficiency,and growth potential.
文摘This paper examines the financial risk evaluation system in the context of the“Great Intelligence Movement Cloud”and employs the hierarchical analysis method as the primary research tool.With the rapid advancement of“Great Intelligence Movement Cloud”technology,enterprise financial risks have expanded from the offline domain to the information domain,encompassing a broader scope and more diverse channels.The traditional approach to risk identification,relying solely on single financial indicators,no longer meets current demands.Therefore,it is essential to integrate a non-financial early warning indicator system and adopt a combination of quantitative and qualitative analysis methods.Hierarchical analysis enables the decomposition of complex problems into multiple components and organizes them into a hierarchical structure based on their relationships,facilitating a more accurate assessment of financial risk.This study seeks to establish a comprehensive financial risk evaluation system suited to the“Great Intelligence Movement Cloud”context,offering enterprises more precise risk assessments to better address financial risks and achieve steady development.
基金the National Natural Science Foundation of China (Nos. 70471004 and 70731160634)
文摘The feasibility study of a public-private partnership （PPP） project is regarded as one of the critical factors for successful implementation, but unfortunately the common financial evaluation methods currently used only represent the benefits of the private sector. There is, therefore, an urgent need to develop an equitable financial evaluation method for PPP projects. This paper presents a comprehensive literature review that examines international practices. An equitable financial evaluation method was then developed taking into account the inherent characteristics of PPP projects using six separate indicators and Monte Carlo simulations. The result for a bridge project in Romania shows that the method combines the viewpoints of all the relevant stakeholders to achieve an equitable financial evaluation of PPP projects.
文摘At this stage, China is vigorously promoting the reform of the supply-side structure to promote the transformation and upgrading of the economy. In this process, the project investment decision of the enterprise plays a very important role, which affects the development of the enterprise. It is necessary to apply the financial and economic evaluation method in a timely manner to identify the risks in the project investment decision and improve the safety of the enterprise development. Based on this, this paper analyzes the financial and economic evaluation method from three aspects of connotation, significance and classification, clarifies the analysis that should be paid attention to in the application process of this method, and explains the specific application, in order to provide reference for the follow-up research in this field.
文摘This paper emphatically introduces the general situation, financial evaluation and competitive edge of both Xiangjiaba and Xiluodu hydropower stations, and briefs the preparatory works of Wudongde and Baihetan hydropower stations.
