A Comparative Analysis Of The Financial Characteristics Of The New Three Boards In Different Transfer

Since 2006, the Zhongguancun Technology Park, unlisted shares are quoted enter the Agent transfer system since the transfer, the National Equities Exchange and Quotations(NEEQ) go into people’s eyes. In 2012, approved by the State Council, the NEEQ is no longer confined to the Zhongguancun Technology Park of unlisted, expanded to the whole country for the first time more than one transfer of pilot. In the end of 2013, NEEQ breakthroughs new national high-tech zone limits expand to all enterprises meet the NEEQ’s conditions. As the stock-trading actively in NEEQ, more and more small micro-enterprises seeking capital wishes will come true. But, the NEEQ market trading patterns can lead to the tone of the company’s trading results are not the same. Making the transfer mode can revitalize the circulation of enterprises, to achieve the most effective capital market financing. And way of the transfer agreement is in most cases to clinch a deal, even if the transaction is likely to clinch a deal price lead to enterprise value undervalued because of the financing efficiency of the capital market greatly discounted.This article through two trading modes on the NEEQ company financial analysis, define its characteristics of financial indicators, to find the financial indicators that transfer market of the company’s significantly better than the transfer of the company’s, provide a reference for the purpose of listing companies, enabling it to assistance of a market maker, and thus more effective for capital market financing.