The Research On Agricultural Listed Companies Performance Evaluation In Hunan Province

Agricultural development affect China’s social stability and economic development, and the development of agriculture is firstly to develop agricultural companies, agricultural performance of listed companies is a typical representative of the company’s overall agricultural development, agricultural research such a Hunan province has agricultural performance of listed companies Significance.From the overall business, industry and regional distribution, equity and asset status and characteristics of four, this paper analyzes 10 listed companies in Hunan Agricultural development, the use of EVA to evaluate their performance, and the development of external support from within government and two companies angle to give policy recommendations.First, agricultural listed companies in Hunan Province in the country to share is very high and the industry is more evenly distributed, most of the agricultural listed companies in the north and east, accounting for about 90%, only one western, and southern no 1 Family. Entire agricultural listed companies showed low profitability and small size, high operating risk and benefit fluctuations, diversification of business and gradually deviated from the characteristics of agriculture; Secondly, the traditional financial performance evaluation and EVA-based indicators for agricultural listed corporations evaluating the presence of the difference:the traditional financial indicators and the value of the company is not relevant enough, while EVA is a set of indicators in this respect is far more significant, and more conducive to agricultural performance evaluation of listed companies to carry out; again, agricultural listed companies in Hunan Province overall performance experienced a trough decline after rising steadily and the process of growth, solvency and development capacity growth performance than other constitute two aspects; the same time, western agricultural listed companies in Hunan Province the worst performance fluctuations, relatively stable in other regions northeastern agricultural listed companies highest performance, lowest east. In addition, comparison of the performance of each agricultural listed companies, the exhibit does not match the quality and stability characteristics, especially the Chinese God and Hail Health Bureau, more frequent change in the evaluation rating, and the larger the jump interval.Finally, the recommendations from the government point of view should be given to the performance of listed agricultural companies ranked by the financial subsidies, tax incentives, financing and technical support, while the performance of the leading companies, the government should be given certain incentives; from the company’s own point of view, efforts must be improve the return on capital invested, to minimize the company’s cash and stock, but also the combined company managers pay and performance to EVA-based, pay attention to investment in human resources.