Stern Stewart is a world-famous management consulting and capital consulting company, the creator and trademark holder of EVA- economic value-added management system, and also the most important EVA promoter. Specializing in assisting customers to implement value-based enterprise management and corporate financial system, applying modern financial concepts and management methods, improving company operations, strengthening customer performance and enhancing corporate value. The enterprise value management system advocated by Stansted Company is based on an important enterprise financial theory-"Economic Value Added" (also called EVA). Simply put, EVA measures the surplus economic value generated by enterprise operation, that is, the gap between operating profit and capital occupation cost. EVA is the core component of modern enterprise financial system, and Stansted Company is the founder of EVA theory and the most active value management consultant. Stansted has provided the implementation of "value-based management system" for nearly 1,000 large and medium-sized enterprises around the world, including Coca-Cola, Siemens, Sony, Singapore Government Investment Corporation, National Bank of Australia, Metro and Ford Motor Company. Stansted's "government service" business provides expert support for government agencies in various countries in the reform and privatization of state-owned enterprises. In Singapore, Stenster established a global state-owned assets value management system model for Temasek, the state-owned holding institution of the government. Stenster's leading "enterprise financing service" business helps customers solve core enterprise financing and strategic problems, such as mergers and acquisitions and asset restructuring, financing strategy and implementation, value evaluation and negotiation support. Through the close relationship with investment banks and institutional investors established around the world, we provide customers with global solutions such as mergers and acquisitions, restructuring and financing. Our global corporate financial services customers include major manufacturers, energy and financial institutions in North America, Europe and Asia. Stansted has published a large number of books and research reports all over the world, among which influential books include: Value Pursuit, Economic Appreciation-How to Create Wealth for Shareholders, EVA Challenge, etc. We also regularly publish the famous academic quarterly Journal of Applied Corporate Finance. About Stern China &; Co. China) Stansted China Company was established in March, 20001year, with many excellent professional consultants. In September, 2003, it was established in cooperation with Zhuo Yuan Management Consulting Company, the best local management consulting company in China, with the aim of providing China enterprises with value management consulting services that meet both international standards and China market demand. Stansted China Company is committed to assisting local enterprises to establish a world-class value management and corporate financial system. Our work covers enterprise strategy review and formulation, management process improvement, corporate governance structure strengthening, organizational adjustment, M&A strategy and implementation (including overseas M&A activities), financing scheme design and implementation, and management skills training. The core customers of Stansted China include Tsingtao Brewery, Baosteel, Sinochem International, Sinochem Construction Group, Delong Investment and Li Ning Sports. In addition to customer service, Stansted also conducted a lot of in-depth research on China's capital market, corporate financial performance and the implementation of corporate value management in China, and published our research results and monographs in Caijing, 2/Kloc-0 Century Business Herald, shanghai securities news and other famous media. Editor's Note: Stansted plans to accelerate its business growth in China. Recently, the pace of state-owned assets management reform has obviously accelerated, which has brought great opportunities to our consulting services. After China joined the WTO, global competition has intensified the impact on China enterprises, and the new ideas of state-owned assets management have brought new flexibility to many enterprises with property rights reform. This series of changes has improved the consulting service demand of enterprises to accelerate the establishment of modern management system and implement the decision-making mechanism with shareholder value as the core; Similarly, the privatization process of many state-owned enterprises has produced a demand for capital consulting services in the aspects of introducing foreign capital, diversification of equity and management buyout. These market demands have brought great growth opportunities for Stansted's management consulting and corporate financial services. These demands come from both the enterprises themselves and the state-owned assets management departments (with the assistance of the World Bank, we are actively contacting the state-owned assets management departments in Shanghai and Shenzhen to explore cooperation opportunities). Recently, the World Bank released a research report, which focused on the important contribution that EVA can play in the reform of state-owned assets: "The experience of state-owned assets management and privatization in Sweden, New Zealand, Singapore and other countries shows that state-owned shareholders should pay attention to the maximization of investment income ... The best measure is EVA ... Capital investment projects (of state-owned enterprises), mergers and acquisitions and major adjustments of capital structure should meet the requirements of" threshold rate of return ". Produce positive EVA ……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… Stansted can provide value in every link of this process: (1) Get trading clues through customers and industry networks, including management buyouts and other projects; Use Stern's global network and our reputation in the international investment community to assist overseas financing; Experienced experts provide close support in the process of transaction execution; Systematic implementation of proprietary value management means in the acquired enterprises to help release the integrated value; Assist customers to exit with the best return, including cross-border mergers and acquisitions or overseas listing. When the time is ripe, it is planned to use the existing business platform to carry out private equity investment management business, further increase participation in the state-owned assets reform process, and obtain excess returns. Hua Hua Bin Bin, the editor partner of this paragraph, and Hua Bin, the partner/general manager of China Company, have been the general manager since the establishment of Stansted China Company in March 2006, 5438+0. Mr. Hua has provided consulting services to many large local enterprises in China, covering topics such as enterprise value management, enterprise finance/capital operation, strategy and organization. Mr. Hua has provided consulting services to enterprises in manufacturing, aviation, energy, financial services, IT and consumer goods industries in China, the United States and Europe. Mr. Hua has done a lot of research and written a lot of articles on corporate financial performance, China capital market operation and corporate value evaluation. Before joining Stansted, Mr. Hua was the founder, chairman and general manager of Luban Holdings Limited, which is a high-tech enterprise. Mr. Hua worked as a senior consultant in internationally renowned consulting firm McKinsey Shanghai and Houston. He holds MBA degrees from China Europe International Business School and IESE Business School in Spain.