Studies On The Transformation Of Miscanthus Acchariflorus And Indica With Exogenous Genes

Dividend policy is one of the important financial policies of listed companies,and the investors are more concerned about the issue.Dividend payments not only affect the interests of shareholders and creditors,but also affect the company's future development prospects.In the domestic dividend distribution process of listed companies,China's listed companies are more keen on the distribution of stock dividends,especially the high proportion of bonus shares,to increase shares(hereinafter referred to as high transfer).As of March 19,2017,there have been nine companies,such as Dasheng Culture(600892),announced the 2016 annual dividend distribution plan for every 10 shares to 30 shares of the ultra-high transfer program.From the existing literature,there is not much research on the relationship between high net worth,profit sustainability and "high transfer".In order to enrich the research in this area,this paper takes the data of listed companies from January 1,2011 to December 31,2015 as the research sample,and tries to analyze the high value of listed companies from the perspective of high net assets and profitability sustainability Transfer dividend policy.The results show that the high net assets of listed companies have a positive impact on the high dividend payout policy,and the phenomenon of "high transfer" is obvious in China's listed companies,and the companies that implement the high dividend policy are increasing trend,There is no significant correlation with the company's growth.Listed companies to send high to the company's future earnings signal is weak,high transfer does not mean that the future profit of high growth,that is,the higher the sales net profit margin,the lower the proportion of enterprises to implement the transfer of shares,indicating that the sales net profit margin There is a significant negative impact on the proportion of transfer to share,operating income year on year growth rate and the proportion of transfer shares were positive correlation,net profit growth rate and the proportion of transfer shares were negative correlation between enterprises in the expansion will be implemented at the same time But at this time the growth of net profit did not keep up with the expansion of the scale,resulting in higher sales net profit margin,the implementation of the transfer policy to the possibility and lower proportion.