EVA Economic Value Added of Listed Companies for Q3 2003-2023 Annual Per Capita EVA Sales Total Net

User manual guide

This user guide is the China Listed Firms EVA Research

Instructions for using Database.

The EVA Special Research Database of Chinese Listed Companies is abbreviated as the EVA Database of Listed Companies or EVA.

1. This product is aimed at users

The information and data provided in this database are mainly for research purposes, targeting teachers, students, and researchers in finance, economics, management, and other majors in higher education institutions, as well as research institutions and individuals in the Chinese financial market such as securities companies, fund companies, and investment banks.

2. The structure of this manual

This manual consists of two parts:

（1） User License Agreement: Copyright and Ownership Statement, User License Agreement Statement, License Agreement Terms, After sales Guarantee, Termination of License Rights, Applicable Law, Disclaimer, etc.

（2） Product development instructions, user manuals, product usage guides, database descriptions, and data structure descriptions.

2、 Product Development Description

Under modern market economy conditions, the overall financial goal of a company is to maximize shareholder wealth, while traditional performance indicators can no longer accurately reflect the value created by the company for shareholders. The Economic Value Added (EVA) indicator precisely compensates for the shortcomings of traditional indicators and is a financial indicator that reflects the maximization of shareholder wealth.

Economic Value Added (EVA) refers to the income obtained by deducting all invested capital costs, including equity and debt, from the net operating profit after tax. It is a new type of value analysis tool and performance evaluation indicator. In the late 1990s, EVA indicators were gradually introduced into the Chinese market and quickly promoted. Currently, they have been widely used in performance evaluation and comprehensive enterprise value evaluation. Since 2010, the State owned Assets Supervision and Administration Commission of the State Council has conducted EVA assessments on nearly 20000 state-owned enterprises and their subsidiaries in China, and linked the assessment results to the salaries and appointments of central enterprise leaders.

In this context, we have designed and developed the "EVA Special Research Database for Chinese Listed Companies", hoping to provide complete and comprehensive EVA data for relevant institutions, academic researchers, and institutional researchers.

3、 Product Usage Guide

1. Content

This database provides parameter information for EVA calculation of listed companies, annual, semi annual, and quarterly EVA data information of listed companies, as well as industry EVA and multi indicator ranking information.

2. Data source

The basic data of the EVA research database for Chinese listed companies are all from the annual, mid year, and quarterly reports and temporary announcements disclosed by the Shanghai Stock Exchange and Shenzhen Stock Exchange, and derivative calculations are conducted based on this. The derivative algorithms are also verified academically, and the data sources are authoritative, reliable, and scientifically present the statistical situation of EVA data for listed companies.

3. Database Relationship Diagram

4. Characteristics

• Integrity

This database records all information related to research topics and fields from authoritative sources, with unparalleled completeness compared to other similar domestic databases. The data items are comprehensive and complete, and there is design space left on the basis of reasonable predictions to meet future needs.

• Accuracy

This database is mainly designed and developed for research purposes, with high accuracy. We have carefully proofread and verified the data item by item, and based on this, we have adopted strict data verification methods, conducting strict verification and confirmation through various methods to avoid errors and ensure the accuracy of the data.

Timeliness

We will regularly update and periodically track and supplement this database every year to ensure its timeliness and sustainability.

• Convenience

This database adopts an open data structure, combined with the data specific software system developed by Xishma, and can flexibly output in formats such as. dbf,. xls,. xlsx,. txt, etc. It can be used for statistical software such as SAS and SPSS, as well as Fortran, C

Pascal and other languages are directly called. The data classification is reasonable and clear, and it can easily and quickly retrieve and obtain research data that meets certain conditions.

5. Usage

After successfully logging in to the CSMAR Solution (data. csmar. com) website, in the Data Center Single Table Query module, according to specific data requirements, set the time, code, and fields of the data table to export the required data to Excel, CSV, and more

Used for research in TXT and others.

4、 Database Description

1. Overall structure

The overall structure of this database is as follows:

Number Table Name Description Field Number Interval Frequency

Basic information of the company

1. The Basic Information Table of Listed Companies includes the basic information of the superior company. From 1990 to today

EVA parameter information

The adjustment table of net profit parameters after tax includes profit related indicator data such as net profit, operating profit, financial expenses, etc; 22 2003-quarter

The adjustment table for the total investment parameter includes indicator data that affect the total investment amount, such as short-term loans, long-term loans, and payable bonds; 24 2003-quarter

The capital structure table of listed companies includes data on the capital structure of listed companies, including debt capital, circulating market value, total market value, etc; 10. From 2003 to quarter

The public parameter table of 5 capital costs includes indicator information that affects the cost of capital, including one-year bank short-term loan interest rates, three-year bank short-term loan interest rates, etc; 11. From 2003 to quarter

The BETA value parameter table includes BETA values calculated from different perspectives, including 250 trading day weighted circulating market value, 250 trading day weighted total market value, etc; 8. From 2003 to quarter

EVA annual, mid, and quarterly statistical information

The 7 EVA Annual Data Statistics Table includes annual EVA statistical data, including total asset EVA rate, net asset EVA rate, sales EVA rate, etc; 22 2003-year

The EVA Half Year Data Statistics Table includes the annual statistical data of EVA, including the total assets of the half year

EVA rate, net asset EVA rate, sales EVA rate, etc; 24 2003-Half Year

The EVA quarterly data statistics table includes EVA quarterly statistical data, including quarterly total asset EVA rate, net asset EVA rate, sales EVA rate, etc; 24 2003-quarter

EVA Industry Statistics

The 10 EVA Industry Statistics Table collects EVA statistical data based on industry classification, using industry maximum, minimum, median, and standard deviation calculation methods to calculate per capita, per share, total assets, and other EVA data; 47 2003-quarter

2. Product statistics

The EVA database consists of four parts: basic company information; EVA parameter information; EVA annual, mid, and quarterly statistical information;

EVA industry statistics, with a total of 208 fields.

3. Calculation method

The EVA calculation in this database adopts two sets of standards, and calculates the annual, semi annual, and quarterly EVA values of each listed company under these two standards, as well as the EVA industry rankings under both standards.

3.1 Basic formula for calculating Economic Value Added (EVA)

Economic Value Added (EVA)=Net Operating Profit After Tax (NOPAT) - Total Capital * Weighted Average Cost of Capital (WACC)

3.2 Principles for Applying Enterprise Income Tax Rates

The corporate income tax rate of a listed company shall be based on the values disclosed in the annual report of the listed company. If the company is applicable to multiple tax rates in the current year, the highest tax rate shall be adopted, but shall not exceed the upper limit of the tax rate. The tax rate cap for 2008 and beyond was 25%, while the tax rate cap before 2008 was 33%. If the annual report has not been released within this year, the previous year's corporate income tax rate will be used until the accurate tax rate is disclosed in the annual report for that year.

3.3 Economic Value Added (EVA) calculation caliber one

Refer to the Interim Measures for Performance Assessment of Central Enterprise Leaders issued by the State owned Assets Supervision and Administration Commission.

After tax net operating profit=net profit+(interest expenses+development expenses - non operating income) * (1- corporate income tax rate) The non recurring income obtained by the enterprise from selling high-quality assets of its main business is fully deducted from the after tax net operating profit.

Total capital=average owner's equity+total average liabilities - average interest free current liabilities - average weighted average cost of capital for construction in progress=5.5%. Among them, the corporate income tax rate before 2008 was 33%, and the corporate income tax rate after 2008 was 25%.

Average interest free current liabilities: notes receivable+taxes payable+accounts payable+advance receipts+employee compensation payable+interest payable+dividends payable+other payables+other current liabilities

Special payables treated as interest free current liabilities deduction

3.4 Economic Value Added (EVA) Calculation Method 2:

NOPAT net operating profit after tax=operating profit - income tax expense+interest expense (non-financial institutions)+asset impairment loss

+Development expenses * (1-corporate income tax rate)+increase in deferred income tax liabilities - increase in deferred income tax assets

Total capital=total owner's equity+provision for asset impairment - provision for impairment of construction in progress - net amount of construction in progress+deferred income tax liabilities - deferred income tax assets+short-term borrowings+trading financial liabilities+non current liabilities due within one year+long-term borrowings+bonds payable+weighted average cost of long-term payables=cost of bond capital * (1- corporate income tax rate) * (debt capital/total capital)+cost of equity capital * (equity capital/total capital)

Cost of equity capital=risk-free interest rate+risk factor * market risk premium

Among them, the cost of bond capital is based on the one-year bank loan interest rate; The risk-free rate of return is based on the one-year bank deposit interest rate; The risk factor uses the BETA value weighted by the circulating market value of stocks in the Shanghai and Shenzhen markets for 250 trading days; Considering the high volatility of the Chinese stock market, a market risk premium of 4% is used for calculation.

3.5 Economic Value Added (EVA) derived calculation indicators

EVA change ratio (year)=current year data/previous year data-1

EVA year-on-year change ratio (half year, quarter)=current period data/same period data of the previous year -1

EVA month on month change ratio (half year, quarter)=current period data/previous period data -1. Per capita EVA=EVA/number of employees

EVA per share=EVA/total share capital

ROIC (Return on Investment Capital)=After tax net operating profit/total investment

EVA rate=EVA/total investment total assets EVA rate=EVA/average total assets net assets EVA rate=EVA/average net asset sales EVA rate=EVA/main business income

5、 Data structure description

Table 1: Basic Information of Listed Companies (EVA Co)

Number Field Name Chinese Name Field Type Unit Field Description

Type length decimal places

1. The symbol securities code C 6 shall be based on the securities code published by the exchange.

2 InstitutionID Listed company ID N 200 Xishima company identification code.

3 CrossSymbol A/B Cross Code C 6 A and B Cross Code refers to the B (A) code corresponding to A (B) shares of a company that owns both A and B shares.

4. The Chinese abbreviation of StkShortName Securities C 50 shall be based on the Chinese abbreviation of the securities published by the exchange.

5. The Chinese abbreviation of ShortName Company C 20 shall be based on the Chinese abbreviation published by the company.

The full English name of ENName Company C 200 shall be based on the English name published by the company, and any missing information shall be temporarily replaced by pinyin.

7 Ownership Company Attribute C 50 Company belongs to the nature, mainly including private, Sino foreign joint ventures, state-owned or state-controlled attributes.

The initial listing date of IPODate C 10 is represented by YYYY-MM-DD, and the listing date is the listing date of this stock security code.

9 Delisted Date C 10 is represented by YYYY-MM-DD, and the delisting date is the delisting date of this stock security code.

10 Board Listing Section C 50 The company's stock is listed in the listing section.

Number Field Name Chinese Name Field Type Unit Field Description

Type length decimal places

11 IndustryNameB Industry Name B C 100 China Securities Regulatory Commission 2012 Edition Industry Classification Standard.

12 IndustryCodeB Industry Code B C 10 China Securities Regulatory Commission 2012 Edition Industry Classification Standard.

13 IndustryNameA Industry Name A C 100 SSE Industry Classification Standard.

14 IndustryCodeA Industry Code A C 10 SSE Industry Classification Standard.

The registered capital of 15 RegisterCapital is N 160 yuan. The registered capital of a limited liability company refers to the total paid up share capital, which is the product of the face value of the company's shares and the total number of shares.

Number Field Name Chinese Name Field Type Unit Field Description

Type length decimal places

1 InstitutionID Listed company ID N 200 Xishima company identification code.

2 Symbol Securities Code C 6 shall be based on the securities code published by the exchange.

3 StatisticalPeriod statistical interval dimensions C 2 1=year, 2=half year, 3=quarter.

4 En

 
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