The Evaluation Of Listed Companies’ Growth Of China’s High-end Equipment Manufacturing

Growth is the soul of a company, is the life of the stock market, is the main driving force for sustainable development of national economy, and is one of the most important indicators of measuring company’s business situation and development prospects. As we know, listed companies represents excellent enterprise in industry or sector, the growth of listed companies means that companies in its own development process are supported by national policy, have a strong development potential and broad product prospects, the scale of the companies gradually expand, the benefits are increasing. Giving an evaluation for the growth of listed companies has become an important tool for corporation development strategy, which embodies competitiveness and development potential of the listed companies. As a sub-sector of manufacturing industry, the equipment manufacturing industry is an important pillar of the national economy, an important export industry, an important way to solve our employment, an important guarantee for national economic and military security. However, China’s equipment manufacturing industry is still at low levels, lack of self-design capabilities and core technology has become the bottleneck of China’s equipment manufacturing industry, its development status can be reflected in the following points:over-reliance on investment growth, low resource utilization, high energy consumption, and so on, these problems have seriously hindered the manufacturing as well as China’s rapid economic development. Therefore, the current situation of traditional equipment manufacturing industry is no longer adapted to the demand of China’s rapid economic development. We should urgently introduce some high-tech content to traditional equipment manufacturing industry, including high-tech, high value-added and so on. In other words, we should upgrade traditional equipment manufacturing to high-end equipment manufacturing, advancing the comprehensive development of high-end equipment to push forward the industrial upgrading of the whole manufacturing, and ultimately to promote rapid economic development.There is a practical significance for fostering and developing the high-end equipment manufacturing industry. Through the research and evaluation of China’s listed companies of the high-end equipment manufacturing growth, we can clearly understand the current development leve、competitiveness、development potential and problems of China’s high-end equipment manufacturing industry, This paper is based on the scientific content of growth as well as domestic and foreign-related theoretical research,76listed companies of high-end equipment manufacturing industry as samples, combining the method’ of quantitative analysis and qualitative analysis、 empirical analysis and normative analysis, after the brief description of development status and affection factors of China’s high-end equipment manufacturing listed companies, the index of high-end equipment manufacturing industry is divided into financial and general indexes, then, the financial index is divided into the following four indexes:development、profitability、asset management capabilities and cash ability, the general index is divided into the market and firm scale indexes, therefore, the evaluation model of China’s high-end equipment manufacturing industry has been built. Finally, the author focuses on the analysis of the importance to develop and cultivate high-end equipment manufacturing, and then proposes the suggestion on how to keep the listed companies rapidly grow of China’s high-end equipment manufacturing listed industry, so as better to achieve national economy development by leaps and bounds in the period of "12th Five-Years", and then make the corresponding policy recommendations.The research shows that the current development level of China’s high-end equipment manufacturing industry is in the initial stage, but the development prospect is very optimistic, we should improve and stabilize the growth ability of China’s high-end equipment manufacturing industry from the following four aspects:Firstly, we should enhance the independent innovation ability of listed companies of China’s high-end equipment manufacturing industry; Secondly, we should speed up structural adjustment and industry upgrading of high-end equipment manufacturing to enhance the growth of listed company; Thirdly, we should further expand firm company to make the foundation of high-end equipment manufacturing; Finally, the listed company of high-end equipment manufacturing should innovate development model actively.