By adapting panel data of annual report of thirty-six listed companies’ new material companies in shanghai from 2011 to 2013, a comprehensive evaluate system is constructed according to Factor Analysis Method, with which can establish the factor model on improving the sustainable development for the new material companies. Based on the factor model, these new material companies are ranked according to comprehensive scores to evaluate financial indicators which impact on capacity of sustainable development about new material companies. Finally, the result shows that there are two important factors, profitability ability and debt paying ability, which have effects on its sustainable development.