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With the implementation of fiscal system reform policies such as government procurement, revenue and expenditure classification and comprehensive department budget, financial performance evaluation has become a highly concerned link of listed feed companies. Taking 20 listed feed companies on the main board of Shanghai stock market, Shenzhen stock market and GEM as research object, the paper selects six primary indicators such as profitability, operating capacity and solvency and 18 secondary indicators such as profit growth rate, return on total assets and return on total assets to construct the financial performance evaluation index system of listed feed companies. In the paper, the effectiveness index is obtained by AHP model screening, the financial performance of listed feed companies is evaluated by DEA model. The results show that the comprehensive efficiency of financial performance of sample listed feed companies is at general level. Financial management, technology and scale factors all have a great impact on financial performance, and company scale has a relatively large impact. The research indicates that suggestions such as emphasizing fine production, constructing scientific fund management system and rationalizing debt planning can provide reference for improving financial management level of listed feed companies. [ABSTRACT FROM AUTHOR]