Environmental Financial Performance Evaluation of Manufacturing Enterprises in Shanghai

The uncertain global economic environment since 2008 has complicated life for manufacturers everywhere including China. The purpose of this article is to identify major challenges facing the Chinese manufacturing industry. We used entropy weight method to analyze the financial information from 60 Chinese manufacturing companies' reports and developed an evaluation system for evaluating the performance of the firms. Then, we determined the entropy of each evaluation indicator after which the weights were computed accordingly. The proposed method was also used in determining the ranking of the firms using a composite score ranking system by comparing the firms according to the criteria determined. Overall from the composite score ranking Shanghai Wallace, Shanghai Ganglian E-Commerce, Bairun Gufe remained at the forefront of environmental financial performance with the highest performance score while the environmental financial performance score of Shanghai Automation Instrumentation, Daying Modern Agriculture and Jielong Industry was basically low, living them at the bottom.