China's Agriculture Development Status Of Listed Companies

The conception of agriculture industrialization was proposed in the early 1990s. After exploring for 20 years, it has been an important method to transform traditional agriculture, develop modern agriculture and realize the agriculture modernization. However, in the course of agriculture industrialization, some conflicts and problems exist, such as resource allocation, lack of capital and so on. There is a common problem which is lack of capital to overcome such difficulty. And then, direct financing becomes an important way to solving the problem. During these years, more than 80 leading agricultural enterprises have obtained the support of social capital, and become public enterprises of agricultural corporations, and played a positive role for running the agriculture modernization and driving agricultural industrialization.Leading agricultural enterprises gradually list. After over 10 years development, agricultural listed companies have taken initial shape in amounts, some of which are higher profit companies, but companies of small profit and loss still occupy high proportion, they can not bring expected earnings for investors, and adversely effect agricultural leading enterprises, and become the barrier of securities market continuously supporting the development of agricultural industrialization. The degree of marketization of the securities market is very high, and enterprises need to accept publicity of market supervision and inspection, and our agricultural listed companies need to accept ordeal of the survival of the fittest from market. At present, our agricultural listed companies must reverse current management situation to healthy development track and realize more profits of the listed company, the shareholders and consumers. Only by these, our agricultural listed companies can broaden market space for its further development and guarantee to provide financial support for other follow-up agriculture leading enterprises.Firstly, Based on agricultural industrialization theory and securities market function theory, the thesis studies the relationship between the development of agricultural industrialization and securities market, and analyze the content, way and method of leading agriculture enterprise relying on securities market improving management and obtaining funding support. Results show that issuing agricultural company stock is main means of securities market supporting the industrialized operation, and our leading agricultural enterprises are obtaining funds by issuing stocks in stock market.Secondly, the thesis analyzes the resent situation and prospect of our agricultural listed companies using the stock market. Results show that our agricultural industry leading enterprises are facing opportunity of development of fostering to come into market, and stock market providing financial support for agricultural industrialization has broad prospects and great potential.Thirdly, the thesis analyzes characters of agriculture of listed corporations operating and discusses the reason to development of agricultural listed companies. Conclusion shows that our agricultural listed companies have small scale, geographically uneven distribution, serious business performance polarization and low overall efficiency. At present, our agricultural listed companies are still in the stage of growth, of scattered Management, of low Industrialization level and of stronger dependence of policy subsidies, all of which become main reason to affect the development of agricultural listed companies. In order to analyze agricultural listed companies management situation deeply, the thesis chooses to analyze the more typical of success and failure cases. Results show that agricultural listed companies existing phenomenon of companies of managing according to the principle of openness and illegal business management. High attention should be on companies of the second type. And more supervision on companies of Three-fair principles violation, Cheating investors and consumers, not paying attention to the long-term development of the enterprises, and of huge losses for investors, consumers and enterprise itself.In order to explore the market characters of agricultural listed companies, the thesis analyzes the price of the general market prices of agricultural listed companies, as well as individual companies market, which shows that agricultural listed companies have higher average price-earnings ratios, and their prices are highly Influenced by policies, and express presents phases to agricultural listed companies market investment opportunityFinally, the last chapter briefly summarizes the research and thinking.Our securities market played an important role to promote the development of agricultural industrialization, our leading roles of agricultural listed companies in China's agricultural modernization process has become increasingly important, China's capital market provide a broad space for nurturing agriculture leading enterprise development. And in view of the present agricultural listed companies operating status and agricultural industrialization development request, the thesis, from national policy, market supervision, enterprise management, securities service and many other levels, puts forward related suggestions of continuing to cultivate and develop the of agricultural listed companies, and tries to support to provides policy to promote the development of the agricultural industrialization and measures modern agriculture and realizes the agriculture modernization. However, in the course of running agriculture industrialization, some conflicts and problems exist, such as resource allocation and lack of capital and so on. To overcome such difficulty, other mechanics should be introduced such as finance which can be introduced into agriculture and can be a worth exploring solution. Securities market is the market economy mechanism, the basic key element and values, which can provide an opportunity and example for agriculture industrialization.