The Research On The Listed Companies’s First Funding-raise Of The Small And Medium Enterprise Board In China

The small and mid enterprise board,abbreviate SME,have been running since2004.The researching of SME keep flowing in a steady stream in recently.It is veryimportant social issue that how the SME efficiently use resource allocations.At thesame time,all of investor are hotly concern about it.This paper based on the background and spread of further research. Accordingto other scholars who researched the efficiency of funding-raise and views of theauthor,the paper divide the sample into four parts.This classification is according theyear of get profit to project.The report of funding-raise are disclosure of2011.To getproper dates,the paper choice the sample from2004-2011.Compare with the plan offunding-raise,the using of funding-raise have happened changing,but thisphenomenon are not a lot.In these changes of companies,the half of the enterprise change of the capitalstill to apply on the main business, and half the company had a great change.Changeof the proportion of the amount of net very little.Most of the SME to raise capitalinvestment than planned to progress schedule1-2years later.Then most of them alsodid not got enough benifit that planned.In the after descriptive statistical analysis andempirical research found that enterprise advocate business income and operatingprofit in the enterprise before and after two years of profit inside this paragraph oftime is increasing year by year.EPS and ROE are downtrend and flow asset turnoverand fixed asset turnover ratio also have down trend.The change rate,rate ofutilization and managements have a positive effect to the samples.The later thesamples listed,the poor business efficiency.