Performance Evaluation Index Table for State owned Capital Operating Budget Expenditure Projects - M

Performance Evaluation Index Table for State owned Capital Operating Budget Expenditure Projects - Mergers and Acquisitions
Guidelines for Evaluating Grades and Scoring of Primary and Secondary Indicators
Social benefits (50): The effect of industrial concentration restructuring on improving the competitiveness of the group's core business is very significant. Evaluation personnel should obtain relevant financial information and analyze the changes in the proportion of the main business's operating income to the total operating income before and after the restructuring. The operating income of the main business refers to the sales income formed by the products of the merging party and the merged party that are related and have the highest degree of correlation
The formula is: (main business income after restructuring/operating income after restructuring) - (total main business income of all parties before restructuring/total operating income of all parties before restructuring)
If the indicator is not applicable to this project, other indicators can be selected according to the actual situation, but it must be explained“
The restructuring has a significant effect on improving the core business competitiveness of the group. B 10
The effect of restructuring on improving the core business competitiveness of the group is generally C 5
Restructuring has no effect on improving the core business competitiveness of the group. D 0
Industrial optimization
Upgrading and restructuring have a significant impact on optimizing and upgrading the industrial structure, as well as accelerating the transformation of the development mode. Evaluation personnel should obtain relevant written explanations or supporting materials to analyze and judge the role of the merger project in optimizing and upgrading the industrial structure, and accelerating the transformation of the development mode
Restructuring has a good effect on optimizing and upgrading industrial structure, accelerating the transformation of development mode, and B 10
Restructuring has a certain effect on optimizing and upgrading industrial structure, accelerating the transformation of development mode, and C 5
Restructuring has no effect on optimizing and upgrading industrial structure, accelerating the transformation of development mode
The degree of resource integration can achieve reasonable integration of R&D resources, market resources, and production resources. A 10 evaluators should obtain explanatory materials and relevant supporting materials on the integration of "R&D resources, market resources, and production resources", and pay attention to whether mergers and acquisitions are industry integration or related industry integration
Can achieve a reasonable integration of R&D resources, market resources, and production resources B 7
Can achieve a reasonable integration of R&D resources, market resources, and production resources C 4
Failed to achieve resource integration D 0
Social Employment
Contribution: The restructuring has a significant impact on increasing social employment or resettling employees. A 10 evaluators should obtain employment related information, analyze and judge the contribution of the merger and restructuring to social employment by examining the changes in the number and structure of employed personnel before and after the restructuring of the project unit, as well as the increase in new employment positions or the number and placement of resettled employees
Restructuring has a certain effect on increasing social employment or resettling employees. B 7
Restructuring has a relatively small impact on increasing social employment or resettling employees. C 4
Restructuring has no effect on increasing social employment or resettling employees. D 0
Economic benefits (20)
If both parties retain their legal person status after the restructuring, they can choose to assess the subsidiary or parent company based on specific circumstances (the same applies below)
2. Calculate the changes in net asset return before and after the restructuring based on the same criteria before and after the restructuring
3. If the evaluation deadline is less than one year after the restructuring, comparisons will be made based on the same period month
The formula is: Net asset return rate after restructuring/Net asset return rate weighted by net assets of all parties before restructuring -1
If the indicator is not applicable to this project, other indicators such as sales profit margin can be selected according to the actual situation, but they must be explained“
15% ≤ positive rate of return on equity<30% B 4
5% ≤ Positive rate of return on equity<15% C2
Positive rate of change in return on net assets<5% D 0
1. Calculate the changes in the growth rate of operating income before and after the restructuring using the same criteria as before and after the restructuring
2. If the evaluation deadline is less than one year after the restructuring, comparisons will be made based on the same period month
The formula is: Growth rate of operating revenue after restructuring/Growth rate of operating revenue in the same period before restructuring -1
If the indicator is not applicable to this project, other indicators can be selected according to the actual situation, but it must be explained“
15% ≤ Revenue Growth Rate Positive Change Rate<30% B 4
5% ≤ Revenue Growth Rate Positive Change Rate<15% C2
Positive change in revenue growth rate<5% D 0
1. Calculate the change in the growth rate of payable taxes before and after the restructuring based on the same caliber, with a positive change rate of ≥ 30%
2. If the evaluation deadline is less than one year after the restructuring, comparisons will be made based on the same period month
The formula is: Growth rate of tax payable after restructuring/Growth rate of tax payable in the same period before restructuring -1
If the indicator is not applicable to this project, other indicators can be selected according to the actual situation, but it must be explained“
15% ≤ Growth rate of payable taxes Positive change rate<30% B 5
5% ≤ payable tax growth rate, positive change rate<15% C 3
The positive change rate of the growth rate of payable taxes is less than 5%. D 0
Total 70——Performance Evaluation Index Table for State owned Capital Operating Budget Expenditure Projects - Mergers and Acquisitions
Guidelines for Evaluating Grades and Scoring of Primary and Secondary Indicators
Social benefits (50): The effect of industrial concentration restructuring on improving the competitiveness of the group's core business is very significant. Evaluation personnel should obtain relevant financial information and analyze the changes in the proportion of the main business's operating income to the total operating income before and after the restructuring. The operating income of the main business refers to the sales income formed by the products of the merging party and the merged party that are related and have the highest degree of correlation
The formula is: (main business income after restructuring/operating income after restructuring) - (total main business income of all parties before restructuring/total operating income of all parties before restructuring)
If the indicator is not applicable to this project, other indicators can be selected according to the actual situation, but it must be explained“
The restructuring has a significant effect on improving the core business competitiveness of the group. B 10
The effect of restructuring on improving the core business competitiveness of the group is generally C 5
Restructuring has no effect on improving the core business competitiveness of the group. D 0
Industrial optimization
Upgrading and restructuring have a significant impact on optimizing and upgrading the industrial structure, as well as accelerating the transformation of the development mode. Evaluation personnel should obtain relevant written explanations or supporting materials to analyze and judge the role of the merger project in optimizing and upgrading the industrial structure, and accelerating the transformation of the development mode
Restructuring has a good effect on optimizing and upgrading industrial structure, accelerating the transformation of development mode, and B 10
Restructuring has a certain effect on optimizing and upgrading industrial structure, accelerating the transformation of development mode, and C 5
Restructuring has no effect on optimizing and upgrading industrial structure, accelerating the transformation of development mode
The degree of resource integration can achieve reasonable integration of R&D resources, market resources, and production resources. A 10 evaluators should obtain explanatory materials and relevant supporting materials on the integration of "R&D resources, market resources, and production resources", and pay attention to whether mergers and acquisitions are industry integration or related industry integration
Can achieve a reasonable integration of R&D resources, market resources, and production resources B 7
Can achieve a reasonable integration of R&D resources, market resources, and production resources C 4
Failed to achieve resource integration D 0
Social Employment
Contribution: The restructuring has a significant impact on increasing social employment or resettling employees. A 10 evaluators should obtain employment related information, analyze and judge the contribution of the merger and restructuring to social employment by examining the changes in the number and structure of employed personnel before and after the restructuring of the project unit, as well as the increase in new employment positions or the number and placement of resettled employees
Restructuring has a certain effect on increasing social employment or resettling employees. B 7
Restructuring has a relatively small impact on increasing social employment or resettling employees. C 4
Restructuring has no effect on increasing social employment or resettling employees. D 0
Economic benefits (20)
If both parties retain their legal person status after the restructuring, they can choose to assess the subsidiary or parent company based on specific circumstances (the same applies below)
2. Calculate the changes in net asset return before and after the restructuring based on the same criteria before and after the restructuring
3. If the evaluation deadline is less than one year after the restructuring, comparisons will be made based on the same period month
The formula is: Net asset return rate after restructuring/Net asset return rate weighted by net assets of all parties before restructuring -1
If the indicator is not applicable to this project, other indicators such as sales profit margin can be selected according to the actual situation, but they must be explained“
15% ≤ positive rate of return on equity<30% B 4
5% ≤ Positive rate of return on equity<15% C2
Positive rate of change in return on net assets<5% D 0
1. Calculate the changes in the growth rate of operating income before and after the restructuring using the same criteria as before and after the restructuring
2. If the evaluation deadline is less than one year after the restructuring, comparisons will be made based on the same period month
The formula is: Growth rate of operating revenue after restructuring/Growth rate of operating revenue in the same period before restructuring -1
If the indicator is not applicable to this project, other indicators can be selected according to the actual situation, but it must be explained“
15% ≤ Revenue Growth Rate Positive Change Rate<30% B 4
5% ≤ Revenue Growth Rate Positive Change Rate<15% C2
Positive change in revenue growth rate<5% D 0
1. Calculate the change in the growth rate of payable taxes before and after the restructuring based on the same caliber, with a positive change rate of ≥ 30%
2. If the evaluation deadline is less than one year after the restructuring, comparisons will be made based on the same period month
The formula is: Growth rate of tax payable after restructuring/Growth rate of tax payable in the same period before restructuring -1
If the indicator is not applicable to this project, other indicators can be selected according to the actual situation, but it must be explained“
15% ≤ Growth rate of payable taxes Positive change rate<30% B 5
5% ≤ payable tax growth rate, positive change rate<15% C 3
The positive change rate of the growth rate of payable taxes is less than 5%. D 0
Total 70——