Research On Operating Performance Of Agriculture Listed Company In China

As a basic industry of the national economy, agriculture is experiencing a transformation from the traditional agriculture to the modern agriculture, and the CPC Central Committee has placed the issue of "Agriculture, rural areas and farmers" as China’s "top priority" in the development of economy and society. The listed agriculture companies as an important form of the development of agricultural industrialization, at least, these companies have won the quantities during the past two decades. However, with the weaknesses of agriculture itself and the requirements of high standard of capital-market the agriculture companies have to promote their operation performance of themselves so that they could take the full and effective use of the capital markets. This thesis focuses on the issues of a comprehensive and systematical evaluation of the operation performances for these listed agricultural companies, and to find out the efficient ways for promoting the performances, so that these companies could be developed better and faster, and which would help us the nation to achieve the goal of agriculture industrialization.This thesis will study on the basic principle "from methodology to practical". The first part mainly introduces the origin of the issue and a review of the relevant researches, the methods and significance of these researches as well as the correlative theories of the study for this thesis study are included. The second part will lie on the general situations of these listed agricultural companies in China and their finance evaluations. On this part, the features of the listed companies will be discussed, the data of the operation performances for these listed companies willed be analyzed theoretically as well. The third part uses the factorial analysis to analyze the operation performances of the listed agricultural companies. To start with, we take the financial data of the year of 2009 and 2013 as sample to measure the operation performances of the listed agricultural companies in China from the perspective of corporations’ finance, and to analyze these companies’ performances in line with the ranking. The forth part analyze the practical cases of agricultural companies’ operation performances, we found that these listed companies’ operation performances are still too depressed, with a quite high proportion of for-profit, which indicates that profitability is still the main factor for evaluating the listed agricultural companies’ operation performances in China, and this kind of evaluation is far behindhand from the theory of strategic performance evaluation which is approves by the scientific community. The timeworn conception of operation performance results in directing these listed agricultural companies go to the diversified developments, or go to the backward developments. Meanwhile, few companies forge the financial data on profits so that they could meet the requirements of capital market, however, this kind of companies will be forces to close down or out of the stock market. And will give some suggestions to both the companies themselves and the government on how to improve the listed agricultural companies’operation performances, so that these companies could be operated better and better. Finally, the part will have a conclusion of this thesis, and with a good expectation for the further study. Lastly, due to that there is little analysis on the gradual progresses and the long period operation performances of these listed agricultural companies, practically, this thesis is expected to give some guidance to the listed agriculture companies for the further development.