Performance of Gas-Steam Combined Cycle Cogeneration Units Influenced by Heating Network Terminal Steam Parameters

The determination of source-side extracted heating parameters is of great significance to the economic operation of cogeneration systems.This paper investigated the coupling performance of a cogeneration heating and power system multidimensionally based on the operating characteristics of the cogeneration units,the hydraulic and thermodynamic characteristics of the heating network,and the energy loads.Taking a steam network supported by a gas-steam combined cycle cogeneration system as the research case,the interaction effect among the source-side prime movers,the heating networks,and the terminal demand thermal parameters were investigated based on the designed values,the plant testing data,and the validated simulation.The operating maps of the gas-steam combined cycle cogeneration units were obtained using THERMOFLEX,and the minimum source-side steam parameters of the steam network were solved using an inverse solution procedure based on the hydro-thermodynamic coupling model.The cogeneration operating maps indicate that the available operating domain considerably narrows with the rise of the extraction steam pressure and flow rate.The heating network inverse solution demonstrates that the source-side steam pressure and temperature can be optimized from the originally designed 1.11 MPa and 238.8°C to 1.074 MPa and 191.15°C,respectively.Under the operating strategy with the minimum source-side heating parameters,the power peak regulation depth remarkably increases to 18.30%whereas the comprehensive thermal efficiency decreases.The operation under the minimum source-side heating steam parameters can be superior to the originally designed one in the economy at a higher price of the heating steam.At a fuel price of$0.38/kg and the power to fuel price of 0.18 kg/(kW·h),the critical price ratio of heating steam to fuel is 119.1 kg/t.The influence of the power-fuel price ratio on the economic deviation appears relatively weak.

Operational Performance Evaluation of Corn Processing Industry Technological Innovation Alliance Based on Survey Data in Heilongjiang Province

This paper selected the corn processing industry technology innovation alliance in Heilongjiang Province as the research object, evaluated the operational performance of the alliance by using analytic hierarchy process(AHP) and fuzzy comprehensive evaluation methods. AHP empirical results showed that the satisfaction of information communication and the satisfaction of the management process were the weakest. And the order from high to low on the level of indicators of the impact for the alliance was the result of alliance operations and the process of alliance operations, the behavioral attitude of alliance members. Besides, the results of fuzzy comprehensive evaluation showed that the operational performance of the corn processing industry technology innovation alliance in Heilongjiang Province was in the general level.

Analyzing the Operational Performance Migration of Telecom Operators

Due to the rapid development of mobile Internet services, such as Skype and WeChat, traditional telecom services have suffered a large decline in the business volumes in recent years. Thus, telecom operators pay much attention to analyzing the changes of the enterprise performance, in order to adjust market strategies in time. In this paper, we propose a new methodology to analyze the operation data of telecom operators dynamically,which can characterize the changing process of the operating states and predict the developing trends. In particular, the proposed methodology contains two steps: migration pattern analysis and trajectory pattern analysis.Firstly, migration analysis is based on the changing of operating states between two points-in-time, which is referred to as the migration paths. Applying the clustering analysis to the migration paths can obtain the migration patterns, which characterize the changing feature of telecom operators during a short period, e.g. one month. Secondly, we combine a sequence of consecutive migration paths to obtain the migration trajectory. Through analyzing different trajectories based on the hierarchical cluster method and the Markov chain model, we obtain the trajectory patterns,which describe the changing progress during a relatively long period, e.g. one year. Based on the trajectory patterns, we can predict the possible performance changes. Finally, we apply the proposed method to a Chinese telecom operator for an empirical research, and has obtained a lot of development rules which provides insights into current telecom.

Heuristics for Improving Operational Performance of Permutation Circulati on-type Vehicle Routing System

This paper discusses an optimization of operating a p ermutation circulation-type vehicle routing system (PCVRS, for short), in w hich several stages are located along by a single loop, and a fleet of vehicles travels on the loop unidirectionally and repeatedly. Traveling on the loop, each vehicle receives an object from the loading stage and then carries it to a cert ain processing stage, or receives an object from a certain processing stage and then carries it to the unloading stage per a turnaround. No passing is allowed f or the vehicles on the loop (from which the system is called permutation, and th is restriction may cause interferences between vehicles). Material handling systems such as PCVRS are actually encountered in flexible man ufacturing systems and in automated storage/retrieval systems. In this paper, we propose a heuristic algorithm for operating the PCVRS, which i ncorporates a new scheduling method for the vehicles with the SPT (shortest proc essing time) numbering of jobs and a round-robin manner of allocating jobs to t he stages, aiming to reduce interferences between the vehicles. We also give num erical results with respect to system performances attained by the heuristic. Description of the system The PCVRS consists of a set of n v vehicles V={V 1,V 2,...,V n v}, a set of n s, processing stages S p={S 1,S 2,...,S n s}, a loading stage S 0 and an unloading stage S n s +1. We denote by S=S p∪{S 0,S n s+l} the set of all the stages. The vehicles travel on a single loop unidirectionany and repeated ly. The system layout is depicted in Fig.1. There is a set of n jobs J={J 1,J 2,...,J n} to be processed b y the vehicles. Each job consists of two tasks: That is, each vehicle receives a n object from S 0 and then carries it to S l with a certain l∈{1,2, ...,n s} (a throw-in job), or receives an object from S l with a certain l∈{1,2,...,n s} and then carries it to S n s+1 (a throw-out job ) per a turnaround. The loop consists of buffer zones BZ(l) and travel zones TZ(l) (see Fig. 1). Each buffer zone BZ(l) is placed in front of stage S l, l=0,1,..., n s, n s+1, in order to avoid a collision between vehicles (i.e., the syste m adopts the so-called zone control strategy). A heuristic algorithm We develop a heuristic algorithm to obtain a good performance for the PCVRS. An operation π={A/B/C} for the PCVRS consists of three decision factors: (A) Numbering jobs Jobs are loaded into S 0 according to an assending order of job numbers. In this paper, we use the following rules to number jobs: SPT: Order jobs in the shortest processing time rule, i.e., P 1≤P 2≤...≤P n for the set of jobs J={J 1,J 2,...,J n}, rather than the FCFS numbering (i.e., number jobs in first-come-first-served order). The SPT rule intends to reduce interferences between two adjacent vehicles at stages. (B) Allocating jobs to stages For the purpose of balancing loads of processing stages, we adopt the following to allocate jobs to the stages: ORDER: Allocate n jobs to n s, processing stages by an in-order manner , i.e., let l(i) be the index of processing stage allocated job J i by ORDER, it holds that l(i)=n s+1-(i-[(i-1)/n s]n s).(1) The ORDER rule intends to process jobs parallel at stages as many as possible. (C) Scheduling vehicles The following method for scheduling vehicles under ORDER rule is already known: Fig.1 The vehicle ro uting system, PCVRS Fig.2 Mean turnaroun d times by heuristics Unchange: Assign n jobs to n v vehicles such that let k(i) be the i ndex of vehicle processing job J i, then k(i)= i-[(i-1)/n v]n v.(2) In csse of n v≥n s, mod (n v,n s)=0 or n v<n s, mod (n s,n v)=0 (mod(x,y) is the remainder of x/y), the number of interferences between vehicles is minimized at stage S 1 under Unchange sche dules, while in the other cases it is not [Lu et al. (2001a)]. Therefore, in t his paper, we develop a new scheduling method of the vehicles, denoted by Ex change, to modify Unchange schedules. Note

The Effect of Performance Management System on Employee Productivity in Cross-Border E-Commerce Enterprises in China

The aim of the current research was to analyze how the performance management system of China’s cross-border e-commerce enterprises affects employee productivity.The study was guided by the following research objectives:to investigate the performance management system on employee productivity in cross-border e-commerce enterprises in China;to determine the relationship between the performance management system and employee productivity in cross-border e-commerce enterprises in China.The study adopted a quantitative approach to the effects of performance management practices on employee productivity.The dependent variables included performance appraisals,reward systems,and performance feedback,and the implications on employee productivity as the independent variable.The target population is comprised of 400 employees in China’s cross-border e-commerce enterprises.Descriptive statistics were utilized as a data analysis tool.The demographic profiles of the respondents were analyzed using percentages and frequencies.Inferential statistics such as correlation and regression analysis established the relationship between dependent and independent variables.The study recommends that the performance management practices should be optimized to improve employee performance.Performance reviews should be focused on the contributions of the individual employees to meet the organizational objectives.For every possible opportunity,the manager should formally recognize good employee efforts for enhanced work performance.Effective performance management practices that edify appraisal and reward should be used to achieve organization goals and enhance employee productivity.

The Relationship Between Cross-Cultural Conflict Management Levels and Employee Organizational Performance in Cross-Border E-Commerce Corporations in China

This research focuses on the cross-cultural conflict management of cross-border e-commerce corporations in companies on employee organizational performance under conflict management such as power distance conflict,individualism,long-term orientation,indulgence and avoidance of uncertainty as the independent variables and employee organizational performance such as quality,efficiency,and profitability of organizational tasks as the dependent variable.With the advancement of China’s reform and opening up and the implementation of the“One Belt,One Road”strategy,the globalized economy has penetrated into various countries and regions.China trade exchanges with other countries have become more frequent,and have also set up branch factories and branches abroad.However,there are certain differences between the branch company and the domestic culture in the actual operation process.If the cross-border e-commerce corporations cannot handle these contradictions and differences well,the company may face difficulties such as cultural conflicts.For this reason,this paper makes a deep analysis of this,taking the cross-border e-commerce corporations in Guangxi as an example,and points out the problems existing in cross-cultural management in this region and putting forward personal opinions and solutions to related problems,and putting forward feasible solutions,enhances the understanding of involving conceptualizations of cross-cultural communication conflict and its management in the frame of cross-cultural conflicts management theory and provides references for the formulation of cultural conflict management measures for cross-border e-commerce corporations.So that enterprises can gain a firm foothold in the international market competition,enrich and enhance their soft power,and enhance their international status in the development of multinational regions.The result of this research will not only answer existing research questions,but also introduce new ideas and new questions for future research.

Development of a dynamic operational rating system in energy performance certificates for existing buildings： Geostatistical approach and data-mining technique

The operational rating system in building energy performance certificates(EPCs) has been used for systematically monitoring and diagnosing the energy performance in the operation and maintenance phases of existing buildings. However, there are several limitations of the conventional operational rating system,which can be subdivided into three aspects:(i) building category;(i i) region category; and(iii) space unit size. To overcome these challenges, this study conducted the problem analysis of the conventional operational rating system for existing buildings by using the statistical and geostatistical approaches. Based on the problem analysis, this study developed the dynamic operational rating(DOR) system for existing buildings by using the data-mining technique and the probability approach. The developed DOR system can be used as a tool for building energy performance diagnostics.To validate the applicability of the developed DOR system, educational facilities were selected as the representative type of existing buildings in South Korea. As a result, it was determined that the developed DOR system can solve the irrationality of the conventional operational rating system(i.e., the negative correlation between the space unit size and the CO2 emission density). Namely, the operational ratings of small buildings were adjusted upward while those of large buildings were adjusted downward. The developed DOR system can allow policymakers to establish the reasonable operational rating system for existing buildings, which can motivate the public to actively participate in energy-saving campaigns.

Tuning Solid Interfaces via Varying Electrolyte Distributions Enables High-Performance Solid-State Batteries

Solid/solid interface is the major challenge for high-performance solid-state batteries.Solid electrolytes(SEs)play a crucial role in the fabrication of effective interfaces in solid-state batteries.Herein,the electrolyte distribution with varied particle sizes is tuned to construct solid-state batteries with excellent performance at different operating temperatures.Solid-state batteries with the configuration S/L(small-sized SE in composite cathode and large-sized SE in electrolyte layer)show the best performance at room temperature(168 mA h g^(−1) at 0.2 C,retention of 99%,100 cycles)and−20°C(89 mA h g^(−1) at 0.05 C),while the configuration S/S displays better performance at elevated temperature.The superior performance of S/L battery is associated with faster lithium-ion dynamics due to the better solid/solid interface between active materials and electrolytes.Moreover,the inferior performance at 60℃is caused by the formation of voids and cracks in the electrolyte layer during cycling.In contrast,the S/S battery delivers superior performance at elevated operating temperature because of the integrated structure.This work confirms that tailoring electrolyte size has significant effect on fabricating all-climate solid-state batteries.

Supercapacitor electrode based on few-layer h-BNNSs/rGO composite for wide-temperature-range operation with robust stable cycling performance

Currently,developing supercapacitors with robust cycle stability and suitability for wide-temperature-range operations is still a huge challenge.In the present work,few-layer hexagonal boron nitride nanosheets(h-BNNSs)with a thickness of 2−4 atomic layers were fabricated via vacuum freeze-drying and nitridation.Then,the h-BNNSs/reduced graphene oxide(rGO)composite were further prepared using a hydrothermal method.Due to the combination of two two-dimensional(2D)van der Waals-bonded materials,the as-prepared h-BNNSs/rGO electrode exhibited robustness to wide-temperature-range operations from−10 to 50℃.When the electrodes worked in a neutral aqueous electrolyte(1 M Na2SO4),they showed a great stable cycling performance with almost 107%reservation of the initial capacitance at 0℃ and 111% at 50℃ for 5000 charge−discharge cycles.

Influence of propagation direction on operation performance of rotating detonation combustor with turbine guide vane

Due to the pressure gain combustion characteristics,the rotating detonation combustor(RDC)can enhance thermodynamic cycle efficiency.Therefore,the performance of gas-turbine engine can be further improved with this combustion technology.In the present study,the RDC operation performance with a turbine guide vane(TGV)is experimentally investigated.Hydrogen and air are used as propellants while hydrogen and air mass flow rate are about 16.1 g/s and 500 g/s and the equivalence ratio is about 1.0.A pre-detonator is used to ignite the mixture.High-frequency dynamic pressure transducers and silicon pressure sensors are employed to measure pressure oscillations and static pressure in the combustion chamber.The experimental results show that the steady propagation of rotating detonation wave(RDW)is observed in the combustion chamber and the mean propagation velocity is above 1650 m/s,reaching over 84%of theoretical Chapman-Jouguet detonation velocity.Clockwise and counterclockwise propagation directions of RDW are obtained.For clockwise propagation direction,the static pressure is about 15%higher in the combustor compared with counterclockwise propagation direction,but the RDW dominant frequency is lower.When the oblique shock wave propagates across the TGV,the pressure oscillations reduces significantly.In addition,as the detonation products flow through the TGV,the static pressure drops up to 32%and 43%for clockwise and counterclockwise propagation process respectively.

Influence of Design Margin on Operation Optimization and Control Performance of Chemical Processes

Operation optimization is an effective method to explore potential economic benefits for existing plants. The m.aximum potential benefit from operationoptimization is determined by the distances between current operating point and process constraints, which is related to the margins of design variables. Because of various ciisturbances in chemical processes, some distances must be reserved for fluctuations of process variables and the optimum operating point is not on some process constraints. Thus the benefit of steady-state optimization can not be fully achied（ed while that of dynamic optimization can be really achieved. In this study, the steady-state optimizationand dynamic optimization are used, and the potential benefit-is divided into achievable benefit for profit and unachievable benefit for control. The fluid catalytic cracking unit （FCCU） is used for case study. With the analysis on how the margins of design variables influence the economic benefit and control performance, the bottlenecks of process design are found and appropriate control structure can be selected.

Effects of spot size on the operation mode of Ga As photoconductive semiconductor switch employing extrinsic photoconductivity

To guide the illuminating design to improve the on-state performances of gallium arsenide(GaAs)photoconductive semiconductor switch(PCSS),the effect of spot size on the operation mode of GaAsPCSS based on a semi-insulating wafer with a thickness of 1 mm,triggered by a 1064-nm extrinsic laser beam with the rectangular spot,has been investigated experimentally.It is found that the variation of the spot size in length and width can act on the different parts of the output waveform integrating the characteristics of the linear and nonlinear modes,and then significantly boosts the PCSS toward different operation modes.On this basis,a two-channel model containing the active and passive parts is introduced to interpret the relevant influencing mechanisms.Results indicate that the increased spot length can peak the amplitude of static domains in the active part to enhance the development of the nonlinear switching,while the extended spot width can change the distribution of photogenerated carriers on both parts to facilitate the linear switching and weaken the nonlinear switching,which have been proved by comparing the domain evolutions under different spot sizes.

Air-Stable,Eco-Friendly RRAMs Based on Lead-Free Cs_(3)Bi_(2)Br_(9)Perovskite Quantum Dots for High-Performance Information Storage

Development of lead-free halide perovskites that are innocuous and stable has become an attractive trend in resistive random access memory(RRAM)fields.However,their inferior memory properties compared with the lead-based analogs hinder their commercialization.Herein,the lead-free Cs_(3)Bi_(2)Br_(9)perovskite quantum dot(PQD)-based RRAMs are reported with outstanding memory performance,where Cs_(3)Bi_(2)Br_(9)quantum dots(QDs)are synthesized via a modified ligand-assisted recrystallization process.This is the first report of applying Cs_(3)Bi_(2)Br_(9)QDs as the switching layer for RRAM device.The Cs_(3)Bi_(2)Br_(9)QD device demonstrates nonvolatile resistive switching(RS)effect with large ON/OFF ratio of 105,low set voltage of-0.45 V,as well as good reliability,reproducibility,and flexibility.Concurrently,the device exhibits the notable tolerance toward moisture,heat and light illumination,and long-term stability of 200 days.More impressively,the device shows the reliable light-modulated RS behavior,and therefrom the logic gate operations including"AND"and"OR"are implemented,foreboding its prospect in logic circuits integrated with storage and computation.Such multifunctionality of device could be derived from the unique 2D layered crystal structure,small particle size,quantum confinement effect,and photoresponse of Cs_(3)Bi_(2)Br_(9)QDs.This work provides the strategy toward the high-performance RRAMs based on stable and eco-friendly perovskites for future applications.

Effects of Operating Conditions on the Catalytic Performance of HZSM-5 Zeolites in n-Pentane Cracking

In this work,n-pentane catalytic cracking over HZSM-5 zeolites was studied at 650°C under atmosphere pressure.A particular attention was paid to the measurement of n-pentane conversion,light olefins production,product distribution,coke deposit,etc.Several indexes were defined to evaluate the effects of operating conditions on the catalytic performance of HZSM-5 zeolites.It was found that decreasing the weight hourly space velocity,increasing the reactant partial pressure,and increasing the carrier gas flow rate could inhibit C-H bond breaking and enhance the C-C bond breaking and hydride transfer reactions,leading to reduced alkenes selectivity,which suppressed the formation of external coke and alleviated the deactivation of HZSM-5 zeolites.It was deduced that the catalytic stability of HZSM-5 zeolites was improved at the cost of alkenes selectivity.Compared with decreasing the weight hourly space velocity and increasing the reactant partial pressure,increasing the carrier gas flow rate could enhance the diffusion process and protect alkenes from being consumed in coke formation in order to improve the catalytic stability of HZSM-5 zeolites with less reduction of alkenes selectivity.

Operating Performance of Initial Public Offering Companies in Hong Kong

This study investigates the earnings performance of 418 initial public offerings （IPOs） listed on the stock exchange of Hong Kong. By analyzing several profitability measures of these 1PO companies from the third year prior to listing up to the fifth year post-listing, it is found that IPO companies＇ operating performances as a whole peak in the year of listing or the year preceding the listing, but exhibit a fall in post-issue profitability with the decline being most pronounced in the first financial year following the year in which the listing take place. Over 30% of these IPOs suffer a loss three years after the offerings. Deterioration of post-issue performance is found to be more severe for smaller finns, highly-geared companies, fast-growing enterprises, companies with lower ownership retention by original shareholders, and companies which have managed earnings upwards at the time of listing. These observations are consistent with the higher agency costs when firms go public and that managers have timed the issue at the peak of the companies＇ long-run performance. Further investigation confirms that IPO companies in general make use of income-increasing accruals to manage their earnings upwards in the year when they go public. The reversal of the accruals in post-issue years further exaggerates the decline in their profitability.

A Comparative Study of Performance Between Operators With Work Discontinuity and Without Work Discontinuity

In situations where discontinuity in operation occurs, specifically in a country where coontractualization has an increasing trend, the performance level of operators after the work break is of great interest. Existing studies have found that the performance of an operator declines after her operation is completely stopped. However, when the operator performed other tasks （may it be similar or not from her previous task） during the work break, the performance after the work break seems to be affected at different level. Contractual and regular operators from a semiconductor and textile company were considered to replicate a discontinuous and continuous operation. The processing times of contractual workers before and after several months of work break were compared. Two types of work break were seen to have significant effect on an operator＇s performance after the work break, Type 1： 0% to 40% similarity from previous task and Type 2： 40% to 97% similarity from previous task. One can find that when 21% of tasks performed during the work break are similar to the operator＇s previous task, there would be no change in her performance upon returning. On the other hand, a 5% decline in performance was observed after work break type 1 and an 8.54% improvement after work break type 2. Also, a remission rate of 18% from end of stint 1 to start of stint 2 under work break type 1 was seen, while 8% for work break type 2. This may also be true to other industries. Thus, further study is suggested.

The Operating Performance of Stirred Column Reactor

A theoretical analysis of the effects of flow and mixing on the operating features of astirred column reactor(SCR)with multistage mixers and cooling partition plates was conducted.Amethod for calculating the concentration reduction for a second order chemical reaction in a SCRwas proposed.The reactants concerned were pre-mixed before feeding into the SCR.The SCR wascomposed of a number of stages with interstage backmixing.Experimental investigation with variousreaction media were carried out in order to study the effect of mixing on the operational performanceof the SCR.The experimental data were compared with the theoretical results.

Enhancing Numeracy Skills of Grade 3 Students Through Authentic Performance Tasks

Numeracy is the capacity to use mathematical ideas in all facets of life.It involves activities such as adding and subtracting numbers,counting,number recognition,solving number problems involving various operations,sorting,observing,identifying,and establishing patterns.It is one of the fundamental skills that students should have mastered by the end of their primary schooling.With the notable importance of mastery of numeracy skills,low achievement and performance of the learners were observed in this aspect.This study aimed in enhancing the numeracy skills of Grade 3 learners through authentic performance tasks.The variable in numeracy skills includes the four fundamental operations and problem solving.The quasi-experimental design was utilized wherein purposive sampling or non-randomized sampling was used.In this study,33 Grade 3 learners of Rizal Elementary School were selected to participate in the tests.Pre-test and post-test crafted by the teacher were the main instrument in the study.The result revealed that in the pre-test the learners obtained a mean percentage score(MPS)of 38.20%in four fundamental operations,which implied a non-numerate level.While in terms of problem solving,the learners obtained a MPS of 20.60%which is also in the non-numerate level.It has a grand mean of 29.40%with an interpretation of non-numerate level.In the post-test,it was observed that four fundamental operations have a MPS of 81.10%which is in average numerate level,while problem solving has a MPS of 76.30%with a grand mean of 78.70%with an interpretation of average numerate level.This implied that there is a significant difference between the pre-test and post-test in the four fundamental operations and problem solving.Thus,it can be concluded that the application of authentic performance tasks was effective to bridge the gap on numeracy skills.

New Procedure to Derive the Performance Indices Associated with Reservoir Operation Rule

Stochastic dynamic programming (SDP) is extensively used in the optimization for long-term reservoir operations. Generally, both of the steady state optimal policy and its associated performance indices (PIs) for multipurpose reservoir are of prime importance. To derive the PIs there are two typical ways: simulation and probability formula. Among the disadvantages, one is that these approaches require the pre-specified operation policy. IHuminated by the convergence of objective function in SDP, a new approach, which has the advantage that its use can be concomitant with the solving of SDP, is proposed to determine the desired PIs. In the case study, its efficiency is also practically tested.

Profit Delivery Proportion,Operation Performance and Bond Rating of Agricultural State-owned Enterprises

The distribution relationship between the profits of state-owned enterprises and the state has been constantly changing with the times. From the state implementing the policy that state-owned enterprises not pay profits to the state in 1994 to the constant growth of stateowned enterprises in the 21st century,their profits have become more and more abundant. Until 2007,the state issued a document stipulates that the state-owned enterprises should pay part of their profits to the state,but at the initial stage of trial implementation of the policy,the implementation was not effective,and finally in 2010 the state officially announced the collection of profits from state-owned enterprises and increased the proportion of collection. From the perspective of agricultural state-owned enterprises,using the difference-in-difference( DID)model,this paper studied the state policy of increasing the profit delivery proportion of state-owned enterprises in 2020. Through CSMAR database,we selected agricultural state-owned listed companies in the 2008-2013 as samples,tested the impact of the implementation of the new policy in 2010 on the operation performance of agricultural state-owned enterprises,evaluated the implementation effect of the policy through comparing the operation performance before and after the policy,and explored whether the policy has an impact on the bond rating. Through empirical research,it found that increasing the profit delivery proportion of state-owned enterprises is helpful for improving the operation performance of state-owned enterprises and improving the quality of bond ratings,and this policy has more prominent effects on stimulating the performance of monopolistic state-owned enterprises. Therefore,collection of some profits from state-owned enterprises can promote better development of state-owned enterprises and also benefit both the state and the people.