Introduction stage based on traditional indexes | 2004-1-1 to 2007-1-1 | Application of the accounting index: Apply the total annual profits, earning rate of net assets and two industry indexes, to measure, score, rate and evaluate the central enterprises, theses indexes will be regarded as the basic for senior management’s performance bonus |
Transition stage | 2010-1-1 | Application of the accounting index: Apply the total annual profits, earning rate of net assets and two industry indexes, to measure, score, rate and evaluate the central enterprises, these indexes will be regarded as the basic for senior management’s performance bonus |
Strengthening stage based on the EVA | 2013-1-1 | Combination of accounting index and EVA: Apply the EVA to instead of the earning rate of net assets, integrate the total annual profits and the other two industry indexes, to measure, score, rate and evaluate the central enterprises, these indexes will be regarded as the basic for senior management’s performance bonus |