论文部分内容阅读
最近两年上市公司的经营业绩时常发生亏损,而根据有关政策规定,连续两年亏损的上市公司将被特别处理,连续三年亏损将暂停交易,因此现在亏损公司何时扭亏成为市场引人注目的焦点。据统计,1998年发生亏损的A股上市公司为85家,占当时上市公司总数的10％左右。到1999年中期,这85家亏损公司中已有31家公司实现了扭亏。 分析有关公司的财务数据可以看到两点: 1、在1998年发生亏损的85家公司中,经营情况相对较好的上市公司率先扭亏。虽然1998年度发生亏损的85家上市公司都曾经提出了改善经营情况的一些措施,但率先实现扭亏目标的上市公司仅为31家,而这31家公司的经营业绩恰恰是其中经营业绩相对较好的那部分。 1998年度,85家亏损公司的平均每股收益为-0.60元,平均每股净资产为1.08元。 1999年中报扭亏的31家上市公司1998年的平均亏损额为-3200万元,平均每股收益为-0.50元,平均每股净资产为1.44元。31家扭亏公司的这三项指标要明显好于亏损公司的平均水平。由此可见,较早扭亏的一个重要因素是经营业绩相对较好。
In the past two years, the listed company’s operating performance has suffered losses from time to time. According to relevant policy regulations, listed companies that have suffered losses for two consecutive years will be specially dealt with, and losses will be suspended for three consecutive years. Therefore, it is now time for loss-making companies to turn losses into market attracting attention. Focus. According to statistics, 85 A-share listed companies suffered losses in 1998, which accounted for about 10% of the total number of listed companies at that time. By the middle of 1999, 31 of the 85 loss-making companies had achieved losses. Analysis of the company’s financial data can be seen in two points: 1. Of the 85 companies that suffered losses in 1998, listed companies with relatively good operating conditions turned losses first. Although 85 listed companies that suffered losses in 1998 had proposed some measures to improve their business operations, only 31 listed companies had achieved the target of turning deficits. The operating performance of these 31 companies is precisely the relatively good operating performance. That part. In 1998, the average loss per share of 85 loss-making companies was -0.60 yuan, and the average net assets per share was 1.08 yuan. The average losses of the 31 listed companies that lost their losses in the middle of 1999 were -32 million yuan in 1998, and the average earnings per share was -0.50 yuan, and the average net assets per share was 1.44 yuan. The three indicators of 31 loss-making companies were significantly better than the average loss-making companies. From this we can see that an important factor in turning losses earlier is that the business performance is relatively good.