Research On Financial Performance Evaluation Of Agricultural Listed Companies Based On Improved Du Pont Analysis System

Agricultural development affects China's social stability and economic development.The key link in the development of agriculture is the agricultural company.The financial performance of agricultural listed companies represents the overall development level of agricultural companies.Therefore,it is of great significance to study the financial performance of agricultural listed companies.In view of the characteristics of agricultural listed companies,this paper improves the traditional Du Pont analysis system,making Du Pont analysis system more suitable for performance evaluation of agricultural listed companies.Through the use of the improved Du Pont analysis system,the performance evaluation of 63 listed agricultural listed companies was carried out,and countermeasures and suggestions for improving the financial performance of agricultural listed companies were proposed.Through statistical analysis,regression analysis and serial substitution analysis of the data of 63 agricultural supervisors for the eight years from 2010 to 2017,the following conclusions were drawn: First,the net interest rate of most agricultural listed companies is at a relatively low level,and The volatility of equity net interest rate reflects the fragility and instability of agricultural listed companies.At the same time,the profit generated by the main business is also the most direct and obvious impact on the changes in the net interest rate of the company's equity.Strengthening the development of the main business is the key to improving the company's performance;Second,agricultural listed companies bring benefits to the company to a certain extent through financial activities,but in some years it will aggravate the company's losses.Therefore,agricultural listed companies should pay attention to the risk avoidance and control when engaging in financial activities;The risks arising from the operation of agricultural listed companies are relatively high,and are susceptible to external natural environment,macroeconomic environment,new technologies,etc.The development of agricultural listed companies requires the support of government policies and various external forces;Fourth,the operating capacity of non-current assets of listed agricultural companies has declined.The development of agricultural listed companies requires the rational use of non-current assets and the management of non-current assets.Fifth,the long-term debt-equity ratio of listed agricultural companies is generally Presenting the trend of continuous upper body,which is also the result of the overall expansion of agricultural listed companies and the use of debt financing,which has increased the financial risks of the company to a certain extent,and has a strong change with the net interest rate of the company's equity.The negative relationship indicates that the current structure of long-term liabilities of agricultural listed companies needs to be optimized.Sixth,the amount of funds occupied by the working capital of agricultural listed companies has generally declined,which shows the change in the net interest rate of the company's equity.The positive impact indicates that the development of agricultural listed companies needs to appropriately reduce the scale of working capital and increase the company's income through the investment in non-current assets.Finally,from the perspective of agricultural listed companies,the following suggestions are proposed: first,to promote the development of the main business,to enhance the sustainable profitability of agricultural listed companies;second,to establish a sound risk management system to increase the stability of agricultural listed companies Third,effectively improve the operational capacity of agricultural listed companies' non-current assets;Fourth,rationally allocate the capital structure of agricultural listed companies;Fifth,make full use of the government's preferential policies to promote the development of the main business of agricultural listed companies.