Research On Financial Performance Of The Shandong Agricultural Ltd.Companies

As an important link of the agricultural industry,agricultural listed companies play an important role in China’s agricultural industry.However,since the listing of agricultural listed companies in China,the low level of profitability,poor solvency and other financial indicators gradually surfaced.As of 2016,the Shanghai and Shenzhen Stock Exchange listed agricultural companies in Shandong province a total of 11 companies,then occupied a good production conditions,market conditions in Shandong Province,agricultural listed companies in recent years,the financial performance of the level of how,whether or not the same and some other agricultural listed companies,the existence of profit level is low,poor solvency and other related issues?What are the reasons for the changes in the level of financial performance?In view of this,this article from the angle of financial management,based on factor analysis,combined with index analysis,the agricultural listed companies are divided into four categories,the financial data of Shandong agricultural listed companies in 2016 the latest disclosure of a comprehensive analysis of the transverse factor,financial data from 2012 to 2016 to analyze the longitudinal financial index.In order to reveal the financial performance of the listed agricultural companies in Shandong,and to find out the factors that affect the financial performance of the listed agricultural companies in Shandong.From the results of the analysis,the cumulative capacity of Shandong Province agricultural listed companies is relatively poor,the overall average value of only more than Xian Tan shares and two Denghai seed industry of agricultural listed companies.If the enterprise can not gather more assets and capital,it will be a big obstacle to foreign investment and expansion of production.In addition,Shandong agricultural listed company debt,turnover,profitability weaker performance.See this paper also found that there are some Shandong agricultural listed company accounts receivable management level from the problem of poor liquidity,these can not recover the purchase price of agricultural enterprises often have a "snowball" 3 to 5 years to recover the debt.From the point of view of solvency,solvency is Xiwang food Shandong agricultural listed companies in the best performance of the enterprise,the reason to maintain good solvency is not huge asset size,but in the rational planning of liabilities.In terms of profitability,the people and shares,prebiotics shares and cents shares outstanding performance.The three agricultural listed companies invariably in 2016,the main reason for the rise in profitability is due to the market rebound.This is the three agricultural listed companies are operating chicken and other related businesses,while the price of chicken to pick up,but also led to the overall profitability of the agricultural listed companies to improve.To some extent,it can be seen that fluctuations in market prices for the main business of a single agricultural listed companies will have a significant impact.This paper found in the observation table of the total variance explained in the contribution rate of each factor was extracted from great differences,bring solvency factor and profitability factor contribution rate were 33.983%and 32.19%,the extraction amount of the cumulative contribution rate of 90.653%,the two factors to occupy the factor analysis system will contribute nearly 73%.This means that factor analysis of solvency and profitability factors is to enhance the financial performance of enterprises,plays a greater role.Therefore,factor analysis shows that if the agricultural enterprises want to improve the overall level of financial performance,we need to focus on these two factors.