Financial performance evaluation study of the listed power companies based on principal component

The financial performance of power industry as a basic industry of national economy is paid more attention by all kinds of users. Its objectivity and impartiality will directly affect the users´interests and making-decision. Method of financial performance evaluation based on principal components can reduce the effect of subjective factors. The evaluation result may reflect the facts more objectively. To verify the accuracy of new evaluation model, financial performance evaluation is carried out based on the data set of listed power companies. The result shows that the new evaluation method run well and can provide more useful information.