Head Of Interim Measures For The Performance Evaluation Of Central Enterprises 2012 (Revised)

Original Language Title: 中央企业负责人经营业绩考核暂行办法(2012年修正本)

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Read the untranslated law here: http://www.chinalaw.gov.cn/article/fgkd/xfg/gwybmgz/201303/20130300385446.shtml

Head of interim measures for the performance evaluation of Central enterprises 2012 (revised)  (October 21, 2003 8th Minister of State-owned assets supervision and Administration Commission of the State Council Office examined and adopted on December 30, 2006, State-owned assets supervision and Administration Commission of the State Council, Director of Office for the first time for the 46th time amended on December 28, 2009, Director of the State-owned assets supervision and Administration Commission of the State Council the 84th Committee meeting the second amendment on December 26, 2012, State-owned assets supervision and Administration Commission of the State Council, Director of Office for the 125th time third revision

    December 29, 2012, State-owned assets supervision and Administration Commission of the State Council promulgated as of January 1, 2013, 30th) Chapter I General provisions

    First for the effective discharge of responsibilities of investor of State-owned assets and protect the owner's rights, implementation of national assets keeping value added responsibility, and establish effective incentive and restraint mechanisms, guiding scientific development of Central enterprises, according to the People's Republic of China State-owned assets law, interim regulations on State-owned assets supervision and administration of enterprises and other relevant laws and regulations, these measures are formulated.

    Article assessment in these measures refers to the heads of enterprises under the Central Government, the State Council authorized by the State-owned assets supervision and Administration Commission of the State Council (hereinafter referred to as the SASAC) to fulfil the responsibilities of investor capital contribution from the State Enterprise (hereinafter enterprise) of the following persons:

    (A) General Manager of the State-owned enterprises (CEO, President, Secretary, Director), Vice President (Vice President, Vice President and Deputy Director and Deputy Director), Treasurer;

    (B) the Chairman, Deputy Chairman, Director of the State-owned company (excluding external directors and staff Director), inclusion of SASAC, General Manager of the party management (CEO, President, Secretary, Director), Vice President (Vice President, Vice President and Deputy Director and Deputy Director), Treasurer;

    (C) representatives of State-owned equity in State-owned capital controlled companies as Chairman, Vice Chairman, directors, include State-owned management of party Committee's General Manager (CEO, President, Secretary, Director), Vice President (Vice President, Vice President and Deputy Director and Deputy Director), Treasurer.

    Third head of enterprise performance evaluation and combined with the term evaluation, the results of the annual appraisal evaluation and process evaluation, examination results and rewards linked to the unity of the system.

    The fourth annual performance evaluation and term of performance evaluation by SASAC Director or his or her authorized representatives and business leaders signed responsibility approach to operating performance.

    Fifth heads of enterprise performance evaluation should be guided by the following principles:

    (A) according to the increment of State-owned assets and enterprise value maximization and the requirements of sustainable development, business performance of Heads of enterprises according to law.

    (B) in accordance with the corporate function, position, role, and features, pragmatic, open and fair, scientific diversity assessment. (C) in accordance with the responsibilities and interests of an enterprise integration requirements, establish and improve the scientific and rational, traceability of the responsibility system of assets operation.

    Stick enterprises performance evaluation results with the incentive and restrictive combination performance up, pay up, performance drop, wages drop, and serve as an important basis for their appointment and removal.

    (D) as requested by the full responsibility, improve the staff appraisal system, ensure the value of State-owned assets liability coverage, the layers of implementation.

    (E) in accordance with the requirements of the scientific Outlook on development, encourage enterprises to accelerate the transformation and upgrading, deepen the management of value, continue to enhance the core competitiveness of enterprises and development quality, achieve stronger better.

    Chapter II annual performance evaluation

    Sixth annual performance evaluation to calendar years for the assessment period.

    Article seventh annual business performance responsibility include the following:

    (A) the company name, job title, and name of both parties;

    (B) assessment and indicators;

    (C) the assessment and reward and punishment;

    (D) the modification, rescission and termination of responsibility;

    (E) other matters require.

    Eighth annual performance indicators including basic indexes and indexes.

    (A) basic indicators include total profits and economic value added. 1. profit refers to the total authorized Enterprise profit of consolidated financial statements.

    Gross profit calculations, which could be approved by companies handling problems left over by history and other factors that have a significant impact on business performance for the current period, and the deduction made by selling businesses the main industry of the assets of non-recurrent revenue.

    2. economic value added refers to the approved corporate net operating income less the balance of capital costs (appraisal rules, see annex 1).

    (B) classification according to industry characteristics and function orientation of SASAC, Enterprise "short Board", considering factors such as business management and risk control capability determined, specific targets identified in the responsibility.

    Nineth determined military enterprises and other special enterprise basic indicators and indexes, plus business characteristics, specific targets and determining the weight of responsibility.

    Article tenth research company basic indicators and indexes, outstanding technical innovation and scientific and technological achievements, specific targets and determining the weight of responsibility.

    11th the SASAC encourages enterprises under the Central Government to participate in the test pilot.

    12th SASAC as needed, you can add an annual basic indicators and indexes for binding targets, specific targets identified in the responsibility.

    13th annual business performance guarantee signed in accordance with the following procedure: (A) submit annual performance evaluation objectives recommendation.

    Beginning of the assessment period, heads of enterprises under SASAC annual performance evaluation requirements and business development planning and management, control the domestic and international advanced level, presented this year's complete performance evaluation goals proposals and assessment recommendations and necessary documentation submitted to the Commission. (B) approved the annual performance evaluation target values.

    Commission in accordance with "the same industry and the same scale" principle, combined with the macro-economic situation, enterprises of the industry cycle, actual operating conditions, annual performance evaluation of the business leaders target recommended by the audit and evaluation targets and relevant content with the corporate communication to determine.

    (C) by the SASAC Director or his or her authorized representative signed with the heads of enterprise annual business performance responsibility.

    14th SASAC annual results responsibility implement dynamic monitor of the implementation. (A) the annual results of responsibility after the signing, head of corporate responsibility for implementation must be submitted every six months the Commission, with a copy to presence of the company's Supervisory Board.

    SASAC dynamic tracking of the implementation of responsibility. (B) build larger and higher production safety accidents, major environmental pollution and quality accidents, major economic losses, major legal disputes, major investment and financing and asset restructuring, and other important reports system.

    Enterprise at which this happens, business leaders should be immediately reported to the State-owned assets supervision, also accredited to report of the Supervisory Board of the enterprise.

    15th annual business performance responsibility assessment completed in accordance with the following procedure:

    (A) heads of enterprises based on the audited accounts for the financial data, annual performance evaluation on implementation of goals were analyzed, and annual summary report submitted to the Commission, with a copy to presence of the company's Supervisory Board.

    (B) basis of SASAC audited audited financial report on the accounts of and reviewed statistical data, combined with the annual summary report and listen to the opinion of the Supervisory Board, head of enterprise annual performance evaluation targets of evaluation (scoring rules is contained in annex 2), the head of enterprise annual performance evaluation and rewards and punishments. (C) the SASAC will eventually confirm enterprises annual performance evaluation feedback from business leaders with rewards and punishments and the enterprise.

    Disagrees with the views on the assessment and reward of Heads of enterprises, can be reflected to the SASAC.

    Chapter III term performance evaluation

    16th term of performance evaluation to a three-year assessment period.

    17th term business performance responsibility include the following:

    (A) the company name, job title, and name of both parties;

    (B) assessment and indicators;

    (C) the assessment and reward and punishment;

    (D) the modification, rescission and termination of responsibility;

    (E) other matters require.

    18th term of performance indicators including basic indicators and indexes.

    (A) basic indicators include the State-owned capital value and total asset turnover. 1, State-owned capital appreciation rate refers to checking the final deduction objective factors (approved by the Commission) after the State-owned capital and interests with the assessment of State-owned capital at beginning of period and interest rates. Calculated as: the term of the product of the annual appreciation rate of State-owned capital.

    Annual appreciation rate of State-owned capital to SASAC confirmed results shall prevail. 2, total asset turnover refers to the term average income average total assets ratio.

    Calculation formula is:

    Total asset turnover ratio = income for three years and three-year/average total assets, and

    Companies with business development requirements of major investment, if you have a significant impact on business performance for the current period, approved, while total assets turnover ratio is calculated, it can be adjusted as appropriate.

    (B) disaggregated indicators considered by the SASAC comprehensive enterprise industry characteristics and functions, choose Enterprise long-term development strategies be established, reflecting the capacity of sustainable development indicators, and specific targets identified in the responsibility.

    Article 19th military enterprises and other special enterprise basic indicators and indexes, plus business characteristics, specific targets and determining the weight of responsibility.

    20th SASAC depending on your needs, can be classified in terms of basic indicators and targets the creation of binding targets, specific targets identified in the responsibility.

    Signed 21st term business performance guarantee in accordance with the following procedure: (A) submit performance evaluation objectives the mandate proposed value.

    Beginning of the assessment period, heads of enterprises in accordance with performance evaluation of State-owned assets supervision term requirements and business development planning and management, control the domestic and international advanced level, performance evaluation objectives the mandate proposed recommendations and assessment recommendations and necessary documentation submitted to the Commission. (B) the authorized performance evaluation target values.

    Commission in accordance with "the same industry and the same scale" principle, combined with the macro-economic situation, enterprises of the industry development and effective operation of the enterprise, the enterprise performance evaluation objectives the mandate of the head of audit recommended values, target values and assessment and related content with the corporate communication to be determined.

    (C) by the SASAC Director or his or her authorized representative signed responsibility term business performance with business leaders.

    22nd SASAC performance responsibility for the implementation of the mandate on implementation of annual tracking and dynamic monitoring.

    23rd term business performance responsibility assessment completed in accordance with the following procedure:

    (A) checking final, head of enterprise for term of completion of performance evaluation objectives were analyzed, and a summary analysis report submitted to the Commission, with a copy to presence of the company's Supervisory Board.

    (B) the Commission according to the term of the audit and audited financial report on the accounts and reviewed statistical data, combined with the analysis of the report and listen to the opinion of the Supervisory Board, head of enterprise performance evaluation objectives the mandate to complete a comprehensive assessment (scoring rules in annex 3), the term of Heads of enterprises performance evaluation and rewards and punishments. (C) the SASAC will eventually confirm terms of Heads of enterprises performance evaluation feedback from business leaders with rewards and punishments and the enterprise.

    Disagrees with the views on the assessment and reward of Heads of enterprises, can be reflected to the SASAC.

    The fourth chapter of rewards and punishment 24th in accordance with performance evaluation scores of Heads of enterprises, mandate annual performance evaluation and performance evaluation results are divided into a, b, c, d, e, five levels. Basic index scoring below basic or assessment scoring less than 100 points in the end, examination results shall enter the c-class.

    Total profit is negative or economic value added is negative and there is no improvement in enterprise, in principle, the assessment results shall enter a level (the cyclical downturn in the industry stage but still in the international leading level of the enterprise).

    25th annual performance evaluation of the Committee based on results and for the performance evaluation results of rewards and punishments imposed on enterprises and enterprises performance evaluation results as an important basis for appointment and removal.

    Article 26th business leaders awards include annual performance, rewards and incentive and long-term incentive term. 27th annual salaries of Heads of enterprises divided into base salary and performance pay in two parts. Performance pay linked to results of the annual appraisal. Performance = performance pay salary base salary multiples of x performance.

    Calculation formula is:

    When the assessment results for the e-class, and performance pay is 0;

    When d is results, performance pay in accordance with the "pay for performance base x (test score-d level starting score)/(c-level starting score-d-level starting score)" OK, performance 0-1 times in performance pay between base salary;

    When the assessment results to c level, performance pay in accordance with the "pay for performance base x (1+0.5x (assessment grade-c-level starting score)/(b-level starting score-c-level starting score))" OK, pay for performance 1 time between performance pay base salaries to 1.5 times the performance base;

    When the examination results for b-class, and performance pay in accordance with the "pay for performance base x (1.5+0.5x (assessment grade-b level starting score)/(a level starting score-b level starting score))" OK, performance pay at 1.5 times between performance performance of base salary to twice times base salary;

    When the result is a level, performance pay in accordance with the "pay for performance base x (2+ (test score-a-level starting score)/(marks-a level starting score for five class a))" OK, performance pay twice times the performance between base salary and performance 3 times base salary.

    But for the total profit below the previous year's business, regardless of their test results at any level, its multiple performance pay should be lower than the previous year. 28th 70% of performance pay in cash in the current period at the end of the annual appraisal; other 30% under the term examination results and other factors, after the end of the term examination deferred cash.

    For the outgoing legal representative should also be based on the economic responsibility audit results to determine performance pay cash deferral option. 29th term business performance results for a-, b-and c-level business leaders, scheduled to deliver deferred pay for performance, and give business owners the corresponding term incentives.

    Term performance evaluation results for d-and e-class of business leaders, according to the assessment score deduction of deferred pay for performance.

    Specific deduction of pay for performance is:

    Performance = term accumulation of deferred salary deduction of deferred pay for performance x (c-level starting score-Gross)/c-level starting score.

    30th considering Central enterprises overall pay levels and checking pay levels, based on the term according to assessment results to give business owners the corresponding term motivation, specific methods shall be separately identified.

    31st examined as the main person in charge, the allocation coefficient is 1, examined the remaining coefficient by the enterprise according to the person in charge of the assessment results, determined at between 0.6-0.9, SASAC filed before implementation.

    32nd article does not complete his term performance evaluation objectives or outstanding annual performance evaluation target for two consecutive years entered the d-and e-class enterprise, SASAC officials propose adjustments or adjustments.

    33rd to significant achievements in science and technology, in the international standard-setting breakthrough and assume control of major structural adjustments and made outstanding achievements, plus incentives given to annual evaluation.

    Article 34th on the excellence and innovation in science and technology, management improvement, international business, brand-building, energy saving and emission reduction achieved outstanding achievements, special award of the grant term, be commended (rules for the implementation of annex 4).

    Article 35th of weak the full assessment of enterprises, reduce the performance evaluation score. Article 36th talking to heads of enterprise performance evaluation system.

    Results of the annual appraisal for the d-class and e-class enterprise, approved by SASAC Director Office meetings, by the SASAC performance assessment leadership team talks with heads of enterprises, help companies analyze and improve your work.

    37th article Enterprise violation People's Republic of China accounting method, and enterprise accounting guidelines, about legal regulations regulations, false, and concealed financial status of, SASAC according to specific plot give downgraded or buckle points processing, and corresponding withholding Enterprise statutory representative people and the related head of performance salary, and term incentive or medium-and long-term incentive; plot serious of, give disciplinary or on Enterprise head for adjustment; suspected crime of, law transferred judicial organ processing. 38th article Enterprise statutory representative people and the related head violation national legal regulations and provides, led to major decision errors, and major security and quality accident, and major pollution accident, and major disciplinary and legal disputes case, to enterprise caused major bad effect or State-owned assets loss of, SASAC according to specific plot, on Enterprise give downgraded or buckle points processing, and corresponding withholding Enterprise head performance salary, and term incentive or medium-and long-term incentive; plot serious of,

    Disciplinary action or adjustment of enterprises; a suspected crime, law transferred to judicial organs for handling.

    The fifth chapter supplementary articles

    39th in the review period enterprise asset and capital verification, head of restructuring, the main change, SAC can change relevant elements of the performance guarantee under the circumstances.

    The 40th State-owned enterprises, State-owned companies and State-owned capital controlled company party Committee (party) Secretary, Deputy Secretary, Standing Committee member (party member), Secretary of the discipline Inspection Commission (discipline inspection team leader) appraisal and reward and punishment in accordance with these rules. 41st State capital joint stock companies, mergers and bankruptcies of enterprises managed by the Party Committee of State-owned enterprises, and its performance evaluation in accordance with the measures implemented.

    Specific performance evaluation issues identified in the performance guarantee.

    42nd to enterprises meeting the following conditions-SAC authorized the Board to the performance assessment of senior managers:

    (A) improving the corporate governance structure, external more than half of all members of the Board of Directors;

    (B) the integrity of the performance evaluation system;

    (C) all members of the remuneration and appraisal Committee held by outside directors.

    43rd State-owned according to relevant provisions, guidance and monitoring of performance assessment of the Board, and combined with the overall level of the Central enterprises and industry characteristics, testing enterprise performance evaluation of Board of Directors. The 44th were authorized by the Board of Directors, according to the SASAC asked formulate and perfect the performance assessment methods and procedures, reasonably determines senior management assessment and evaluation results.

    The above tasks, the Board should communicate with the SASAC in advance, reported that SASAC filed afterwards.

    45th in all provinces, autonomous regions and municipalities directly under the State-owned assets supervision and administration bodies, district municipalities, prefecture-level head of the State-owned assets supervision and administration of State-funded enterprises performance evaluation, can be performed in accordance with the measures.

    Article 46th explain these measures by the SASAC.

    47th article of the rules implemented on January 1, 2013.

    Annex 1: economic value added appraisal rules

    First, the definition and calculation formula of economic value added

    Economic value added is the net operating profit after tax less the balance of capital costs.

    Calculation formula:

    Economic value added = net operating profit after taxes-capital-cost = net operating profit adjusted for capital x average cost of capital rate

    NET operating profit after tax = net profit + (+ research and development expenses interest expense adjusted) x (1-25%)

    Business through the sale of business assets and other non-recurrent income made in net operating profit in the deduction in full.

    Adjusted capital average = average total owners ' equity + average liabilities-interest-free liabilities-average construction

    Second, accounting adjustments the project description

    (A) interest expense refers to the company's financial statements in "financial expenses" under "interest expense". (B) research and development expenses adjustment refers to the company's financial statements in "management fees" under "research and development" and the current research and development expenditure recognised as an intangible asset.

    Exploration cost for larger enterprises, recognized by the SASAC, table showing the cost of the "exploration" as a research and development costs to adjust in a certain proportion (in principle no more than 50%) to be added back.

    (Three) interest-free flow liabilities is refers to enterprise financial report in the "meet notes", and "meet accounts payable", and "pre collection items", and "should make tax", and "meet interest", and "meet workers pay", and "meet dividend", and "other should payment" and "other flow liabilities (not containing other with card flow liabilities)"; for "special should payment" and "special reserves Fund", Visual with interest-free flow liabilities deduction.

    (D) construction in progress refers to financial statements comply with the main requirements of "construction".

    Three, the cost of capital rate determination

    (A) the capital cost of Central enterprises in principle set at 5.5%.

    (Ii) enterprises with poor military assets such as versatility, cost of capital rate for 4.1%.

    (C) asset-liability ratio in 75% per cent of industrial enterprises and more than 80% of non-industrial enterprises, cost of capital rate floating 0.5%.

    Four important adjustment, other matters

    One of the following situations occurs, major impact on the economic value added assessment of SASAC, as appropriate, adjust:

    (A) major policy changes;

    (B) the serious natural disasters and other force majeure factors;

    (C) adjusted corporate restructuring, listing and incomparable factors;

    (D) the SASAC approved the corporate restructuring and other items.

    Annex 2: annual performance evaluation scoring rules

    An annual performance evaluation, and General points

    Annual performance evaluation score = (total profit targets scoring classification indicator economic value added index + score +) x coefficient of performance review + bonus points-test points

    Annual performance evaluation of the above indicators, total profit or economic value added index does not meet basic, other indicators of high-only basic, all no longer take the coefficient of performance index score.

    Second, annual performance evaluation index scores

    (A) the total profit targets scoring. Military, reserves, research, electric power, petroleum and petrochemical Enterprise gross profit targets are divided into 30 minutes; other basic indicators of total corporate profits is divided into 20 minutes. The index score based on the reference value.

    Actual total profit benchmark under the previous year values and actual values the average of the previous three years low value (the cyclical decline in industries or enterprises affected by major emergencies excepted). 1, total profit assessment target values are not below the base value, the complete value each exceeding the target of 2%, 1 points, up to 20%.

    Complete value per lower than the target of 2%, 1 mark, 20% of the most basic points is deducted. 2, total profit objective value is lower than the baseline value, plus limited.

    Bonus limited in accordance with the following rules:

    (1) target values lower than the benchmark 20% (included) or less, plus basic points up to 15%.

    (2) target value is lower than the reference value 20%-50%, up-12%.

    (3) target values lower than the benchmark 50% (inclusive) or more, up to 10%.

    3, total profit targets met or exceeded the highest value in the first three years, complete and full marks; not completed, benchmark values as the normal scoring the goal value.

    4, total profit objective value is negative, the loss portion of completed value counted, profit-making part of the normal calculation exceed assessment goals, up to basic 10%; loss but are still in the red, assessment scores do not exceed the limit of class c; to profit assessment score does not exceed the class b limits.

    (B) economic value added index score. Military, reserve and economic value added index of basic research enterprise is divided into 30 points; electric power, petroleum and petrochemical Enterprise basic score of 40 out of economic value added index; other economic value added index of 50 points. The index score based on the reference value.

    Eva baseline values according to the previous year's finish and completed three years before the actual values mean a lower value (cyclical downturn and enterprises affected by major emergencies excepted). 1, economic value added assessment target values are not less than the baseline value, completed every target values (absolute value) 1%, 1 minute, plus basic points up to 20%.

    Each completed value below the target value (absolute value) 1%, 1 mark, 20% of the most basic points is deducted. 2, economic value added assessment values lower than the baseline value, plus limited.

    Bonus limited in accordance with the following rules:

    (1) target values lower than the benchmark 20% (included) or less, plus restricted 0.5 points.

    (2) target value is lower than the reference value 20%-50%, plus limited-1.

    (3) target values lower than the benchmark 50% (inclusive) or more, plus limited 2.

    3, economic value added assessment target the best level and the target value, the indicator directly and full marks.

    4, economic value added assessment values near zero, scoring to give special treatment.

    (C) classification index score. Classification indicator 2 should be identified. Index score based on the reference value.

    Annual indexes for actual reference value based on the previous year to complete or completed three years before the actual average value determined.

    1, objective value is not worse than the baseline value, the complete directly out; unfinished examination objectives, scored based on difference degree points, deducted to the basic points up to 80%.

    2, objective value to the base value, the completed limited occurs according to the degree of difference, up basic 10%; unfinished examination objectives, according to the degree of difference in the basic basic points, 20% of the most basic points is deducted.

    Third, the reward points

    (A) the reward points.

    1, assume control of national structural adjustment and made outstanding achievements in business, according to the relevant provisions as the tasks of SASAC plus 0.5-2.

    2, the review period significant achievements or achieved a major breakthrough in the international standard-setting business, SASAC according to relevant provisions of 0.1-1 points.

    (B) evaluation points.

    1, the enterprise significant asset losses, production safety accidents, pollution incidents, SASAC demoted, penalized in accordance with the relevant provisions.

    2, corporate violation occurred or existed financial mismanagement and other problems, State-owned assets supervision pursuant to the relevant provisions depending on the seriousness of 0.5-2 points is deducted.

    3, enterprise staff appraisal system is not perfect, the Group subsidiary, has not been functional departments, subsidiaries responsible for assessment, where appropriate, a reduction of 0.1-1.

    Four, coefficient of performance

    Coefficient of performance evaluation by total assets, total profits and taxes, return on equity, economic value added, average revenue, employee numbers, technical input ratio factors such as weight, classification determines.

    Annex 3: term of performance evaluation scoring rules

    , Term of integrated performance evaluation scoring

    Term performance evaluation score = (State-owned capital value index score + score + total assets turnover indicators index score) x factor + term of Office within three years of the annual performance assessment performance evaluation result indicator-check points

    In term of performance evaluation indicators mentioned above, if the value of State-owned capital rate or total asset turnover ratios did not meet the Basic, other indicators of high-only basic, all no longer take the coefficient of performance index score.

    Second, the term business performance index score

    (A) the rate of State-owned capital preservation and appreciation index score. State-owned capital value index is divided into 40 points. The index score based on the reference value.

    State capital preservation and appreciation rates reference value based on the term actual value and term assessment objectives on average lower values with the actual values determined. 1, State-owned capital value appraisal target value is not less than the base value, the complete value each exceeding the target of 0.3%, add 1, add 8 points.

    Complete value is lower than the target value, below the target of 0.3%, deducted 1 points, up 8 points deduction. Assessment value of 2, the value of State-owned capital rate below the base value, the extra points is limited.

    Bonus limited in accordance with the following rules: (1) target values lower than the benchmark 3% (included) or less, add 7 points.
    (2) target value is lower than the reference value 3%-5%, 6 more minutes.

    (3) target values lower than the benchmark 5% (inclusive) or more, the extra 5 minute.

    3, the State-owned capital value appraisal target value is reached the excellent level, added directly after the completion full marks.

    4, the State-owned capital value appraisal target value is lower than 100%, only after the completion of basic points.

    (B) total assets turnover index score. Total assets turnover index is divided into 20 points. The index score based on the reference value.

    Total assets turnover ratio benchmark values based on the term actual value and actually completed the third year of his term on a lower value.

    1, check target value is not less than the baseline value, the complete directly out; unfinished examination objectives, scored based on difference degree points, complete value per lower than the target of 2%, deducted 1 points, deducted to the basic points up to 80%. 2, objective value is lower than the baseline value, the complete limited occurs according to the degree of difference between; unfinished examination objectives, in points difference based on the highest score by restricted degree points, complete value per lower than the target of 2%, deducted 1 points, deducted to the basic points up to 80%.

    Bonus limited in accordance with the following rules:

    (1) target values lower than the benchmark 10% (included) or less, add 3 points.

    (2) target value is lower than the reference value 10%-20%, only 2.5 points.

    (3) target values lower than the benchmark 20% (or more), just add 2 points.

    3, total assets turnover assessment reached the excellent level of the target value, the index points are not restricted.

    (C) classification index score. Classification indicator 2 should be identified. Index score based on the reference value. Term index reference value based on the term actual value or previous third-year term actual value.

    Term index scoring rules with the same year.

    (D) the term three-year annual performance evaluation index scores. Term of three years the results of the annual performance evaluation index of basic is 20 points.

    Heads of enterprises within three years of the annual performance assessment results each time you have a grade 8 points; every time b-7.335 points; each was a c-class have 6.667; 6 points for each win a grade d or below.

    Third, the evaluation points

    Outstanding energy saving examination objectives, where appropriate, a reduction of 0.1-2 points.

    Four, coefficient of performance

    Coefficient of performance evaluation by total assets, total profits and taxes, return on equity, economic value added, average revenue, employee numbers, technical input ratio factors such as weight, classification determines.

    Annex 4: term of special award rules

    First, prize

    SASAC in term evaluation, established term of special awards, including "outstanding performance award", "special award of scientific and technological innovation", "special award of management", "special award for internationalization", "special award for brand building" and "special award for energy conservation and emissions reduction".

    Two, the winning conditions and evaluation methods

    (A) the term examination results for a-level and where the annual evaluation in term three a-level or two a grade, a b-class enterprise, awarded the "outstanding achievement award".

    (B) the term national key science and technology awards, Gold Prize in China patent, as well as important international standard-setting business, awarded the "special award of scientific and technological innovation".

    (C) asset-liability ratio control within reasonable limits (75% industrial enterprises, industrial enterprises in non-80%) and also meet one of the following conditions of enterprises, awarded the "special award for management progress":

    1, benefits increase dramatically.

    2, profitability improved significantly.

    3, excellent ability to create value.

    4, to profitability and increasing benefits outstanding.

    (D) the term internationalization with remarkable enterprise, awarded the "special prize of the international operations."

    (E) made significant progress on term brand building company, awarded the "special award for brand building".

    (Vi) meets one of the following businesses, awarded the "special award of energy saving":

    1, the end of the term, main unit product energy consumption and pollutant emission levels reach the best levels of the domestic industry, close to or reached the international advanced level.

    2, term of Office, the comprehensive energy consumption per unit decreased rate, total emissions of major pollutants reduced rates on top of Central enterprises.

    3, term, substantial investment in energy saving and emission reduction, made significant breakthroughs in energy saving technology innovation, in promoting industry-wide, the whole society has made outstanding contributions to the energy saving and emission reduction.

    Third, incentives At the end of the mandate, by the Commission to assess the above awards, and the winners were commended.