The Research Of New Three Board Listed Companies Operating Performance

China's economy is currently experiencing a crucial period,from the financial data on the surface,it seems that China's economy is gradually improving,but as everyone knows our downtown pressure on the economy has not been alleviated.Therefore countries still insist on Reform of the economic system,optimize the structure of the national economy,in this process,plays a vital role in small and medium-sized enterprises can be said in order to solve the difficulty of financing problems of small and medium-sized enterprises,the new board came into being,and after the end of 2013 after the expansion,the new third market has gradually grown into China following the motherboard,the GEM market is an important market for securities trading,plays an irreplaceable role in China's capital market system.However,the new board whether in size,location,service object,or in the access threshold,all aspects of maturity has significant difference with other capital market in our country.In reference to related literature at the time,I found that the current research for the performance of the new board the majority of enterprises still remain at the theoretical level,quantitative research is relatively scarce,evaluation system is scarce.Therefore,by referring to the new board listed companies over the financial report,from the selected part of the financial indicators index system through empirical analysis of enterprise performance management means changes before and after the listing of three new board,it has a more realistic direct reference for micro enterprises or macro market level.This paper is mainly based on the premise of the domestic capital market is developing rapidly,combined with the current status of the financing difficulties of small and micro enterprises,summarizes the research in China on the market three new board,construction of research scholars at home and abroad on business performance and business performance index system,after the new board and enterprise management the performance evaluation theory,the establishment of a financial index system with unique characteristic in this article,based on the chosen more than and 90 companies listed on the new board for 2013 years as samples,through the description of the sample simple analysis of the indicators in 2012 to change between 2015,followed by paired samples T test,the change of the comparison between the 22 indicators.Finally,through factor analysis,principal component analysis,three factors were extracted and the calculation of comprehensive performance scores,the overall test of the 95 samples in the enterprise Changes in business performance after the listing.This study shows that in addition to operating capacity increased not significantly,three new board companies listed on the solvency,profitability and development capacity has decreased to some extent,factor analysis comprehensive performance scores of corporate income also declined.And based on the conclusion above,a series of policy recommendations are given from two aspects of macro and micro level.