Research On Financing Effects For Modern Agricultural Equipment Co.,Ltd. In The New Third Market

Financing effect problem has been plagued by small and medium-sized enterprises all the time, most of small and medium-sized enterprises turned to the market of ‘New Three Board' because their strong demand of financing, and the differences in financing supply, demand and choice(internal financing ? debt financing ? equity financing). Especially, the market of ‘ New Three Board 'expansion in 2013, listing conditions is reduced, and attracted a lot of venture capitalist, these reasons make small and medium-sized enterprises have more focus on the ‘New Three Board'. As a result, the research question of the enterprise in the new three board financing effect is on the agenda.At present, the market of ‘New Three Board' in the period of development and improvement, many small and medium-sized enterprises have been listed on the ‘New Three Board'. It becomes the key choice for small and medium-sized enterprises is listed on the market of ‘New Three Board' could improve the situation of small and medium-sized enterprises. According to the difference and choice of supply and demand of small and medium-sized enterprises financing and financing situation in the new three board market, This paper choose Modern Agricultural Equipment Co.,Ltd. listed a long time in ‘New Three Board' as research object. First of all, according to the company condition and the effect of capital market financing present situation, summarizes its motivation for listed on the ‘New Three Board': financing needs, standardized management and board. Secondly, to analyze Modern Agricultural Equipment Co.,Ltd. financing effect in five factors: financing scale, asset structure and capital structure, asset operating condition and development ability, profitability and internal governance mechanisms. ‘New Three Board' will provides a good financing channels for corporate, and make the company's asset scale, competitiveness level, profitability improved, but the company in the process of long-term development reflects a certain underestimate investment direction of funds, unreasonable capital structure and the phenomenon of less profitable, affect the value of the company in the new three board be evaluated and the liquidity of the company.On this basis, this paper after research argues that the agricultural machinery enterprise should be on the basis of heavy financing scale, pay more attention to funds allocation, because good investment projects can make the agricultural machinery enterprise has the best way to use financing capital, it also can make the enterprise financing to maximize efficiency; Agricultural machinery enterprises should also pay attention to improve its own capital structure, gradually eliminate dependence on government subsidies for agricultural machinery enterprises; At the same time, we should pay more attention to increase the corporate profitability, especially the innovative investment, to enhance the agricultural machinery enterprise core competitive ability; Finally, we suggest from creating a new third market layering and gradually carrying out the bidding way to trade, to enhance enterprise value discovery and liquidity, deepen the reform of the ‘New Three Board', it is better for agricultural machinery company to the sustainable development.