Study on Business Performance Correlation of Sporting Goods Manufacturing Enterprise Based on SEM

China is one of the greatest sporting goods consumption and manufacturing country in the world. The sporting goods manufacturing enterprises are playing important roles in meeting the growing demand for sports consumption. Restricted by many factors, the business performance (BP) of sports goods manufacturing enterprises are significant differences. This paper studies performance correlation of sporting goods manufacturing enterprise based on SEM. To begin with, it puts forward a conceptual model based on some assumptions. Next, it constructs some latent variables and their observation index system. Then, a case study is given. The results show that: Capital Operation (CO), Debt Level (DL) and Marketing Capability (MC) have significant covariation and that they all have significant positive influence to the business performance of sports goods manufacturing enterprises. The result provides a theoretical support to enhance the performance of sports goods manufacturing enterprise.