Abstract: With Pingtan Development Enterprises, the first publicly listed forestry enterprise in China, as the research subject, the financial performance indicators involving debt-paying ability,profitability, operating ability, and development ability were initially calculated based on the published financial report data from 2018 to 2022. Subsequently, a horizontal and vertical analysis was conducted on the changes of these indicators using the standard value for enterprise performance evaluation provided by the State-owned Assets Supervision and Administration Commission of the State Council for the forestry industry. Finally, from the results of comparative analysis,recommendations were proposed to address issues faced by Pingtan Development Enterprises in recent years such as weak profitability, low inventory turnover rate, and insufficient research and development capability. This study will offer valuable insights for both future development of Pingtan Development Enterprises and similar enterprises.