云南锡业债转股绩效分析

Performance Analysis of Debt to Equity Swap of Yunnan Tin Cooperation

本文选取第二轮市场化债转股中,首例地方性债转股企业云南锡业,从会计角度入手,结合锡行业环境因素、国家经济政策和云南锡业内部经营等因素,以四大能力为分析方法进行绩效分析。分析结果显示,市场化债转股对云南锡业的偿债能力有显著提升,对其他三种能力有积极作用。最后,本文对云南锡业如何持续经营向好提出几点建议,对类似于云南锡业的上市公司具有一定参考价值。

This paper selects Yunnan Tin Industry, the first local debt-to-equity swap enterprise in the second round of market-oriented debt-to-equity swap, from the perspective of accounting, combined with environmental factors of the tin industry, national economic policies and internal operations of the company, and takes the analysis of four major capabilities as the method for performance analysis. The analysis results show that the market-oriented debt-to-equity swap significantly improves the solvency of Yunnan Tin Industry, and has a positive effect on the other three capabilities. Finally, this paper puts forward some suggestions on how to continue the operation of Yunnan Tin Industry, which has certain reference value for the development of similar enterprises.