Chinese Agricultural Listed Companies Operating Performance Empirical Research

Agriculture is the foundation of the national economic development in our country,agricultural industrialization has become an important development strategy of our country’sfuture economic. The shortage of funds is the most agricultural enterprises in the process ofindustrialization in our country is facing a very important problem, relying on traditional fiscalsubsidies, as well as methods of credit funds is very difficult to meet the needs of the agriculturalindustrial production, therefore, through the direct financing market to solve the problem of thecapital scarcity is the way to realize agricultural industrialization and the capitalization is veryimportant. Most agricultural listed companies, however, there is a small scale, poor growth,business performance is not optimistic, such as multiple problems, it not only affects the financingscale of agricultural industry, but also greatly affect the process of the industrialization ofagriculture in our country. Therefore, how to effectively improve the operating performance ofagricultural listed companies, improve business performance and other problems become theprimary problem most investors concern. At present, the domestic few scholars to the agriculturallisted companies operating performance of the systemic research, for the performance ofagricultural listed companies most studies focused on the real estate, finance, pharmaceuticalindustry, etc. This is mainly because the number of agricultural listed companies less and lessprofitable, small, and many other factors, and therefore did not cause the attention of relevantdomestic scholars, but it has to do with the important position of agriculture in national economyis not very accord with.In view of this, in the process of research on agricultural listed companies operatingperformance, the literature related to business performance system research, and defines therelevant concepts of agricultural listed companies and industries are classified according to theirsons and daughters. Second analysis summed up the whole agricultural industry characteristics,the development of agricultural listed companies in China status and factors affecting its internaland external. Finally combining all aspects of the factors in index selection and empirical research,according to the empirical research conclusion put forward policy Suggestions. With38agricultural listed companies in China in2008-2012financial data as sample, the financialevaluation index system of model and the past has carried on the inheritance and improvement,and through SPSS20.0software of principal component analysis (pca) for empirical research,according to the empirical results of our country agriculture to make evaluation and comparison ofthe economic performance of listed companies. The results show that:(1) agricultural overalloperating performance of listed companies on the low side, compared with other industrydifference is very big, profitable and short-term debt paying ability is low and have stepped uptrend, each industry business performance difference is very big, long-term debt paying ability andgrowth ability of great instability, enterprise expansion ability lost momentum, the overalloperating ability presents a stability has a tendency to fall.(2) from the point of agriculture listedcompany sector, mainly farming agriculture sector in recent years the development of slow, butcompared with other sub industries its competitive advantage is not obvious; A preponderance ofanimal husbandry in the agricultural obvious competitive advantage is very strong; Class offorestry enterprise competitive advantage is very weak, is located in the industry at the end of theson, and thus lead to the agriculture listed performance is low. Fisheries industry development trend in recent years is more stable, in the second industry.(3) from the point of the factor weightedaverage scores, agriculture and the profitability of the listed company’s short-term debt paying ability islower, volatile, with a slow upward trend; Agricultural listed companies long-term debt paying ability andgrowth ability is not very smooth, but and short-term debt paying ability was positively related to corporateearnings; Agricultural listed companies operating capacity development more stable and less volatile;Agricultural listed companies is more stable, capital stock expansion ability development and operatingcapability was positively related to relationship. According to the empirical results proposed is conducive tothe growth of agricultural listed companies in China related countermeasures and Suggestions.