The Impact On Stock Price Of HSI300 List Company By Financial Indicators Of Dupont Analysis

The stock market is a financial investment market widely participated by the public,which is highly expected by the majority of investors seeking investment returns.But stock prices are the result of many factors.However,among many influencing factors,it has become a consensus that the financial indicators contained in the financial reports published by enterprises have an impact on stock prices.As a common tool of financial analysis,several important financial indicators in Dupont Analysis System have important explanatory significance for stock prices.At the same time,we can find that,through the study of past good investor relations management activities,not only can enhance the trust of investors through information disclosure,improve the company's reputation to attract investors to buy and to improve the stock price,at the same time,also can promote the enterprise internal management of company governance actively,so as to promote the value of the company.Therefore,we can infer that investor relationship management is a very important factor affecting the relationship between important financial indicators in Dupont analysis and stock price prediction.Therefore,in this paper,components of the HSI 300 index of the a-share market in mainland China are selected as the research samples,and 2014-2017 are taken as the research interval.After deleting the sample companies with incomplete data,189 companies are finally selected,with A total sample number of 756.By analyzing the relationship between important financial indicators and stock price in Dupont analysis,and the regulatory role of investor relationship management in important financial indicators and stock price in Dupont analysis,this paper finds that:(1)The financial indicators of Dupont analysis plays a significant role in affecting the stock price,among which the return on net assets per share net profit margin of net assets total asset turnover can significantly positively affect the stock price;The asset-liability ratio can significantly and negatively affect stock prices.(2)Investor relationship management plays a significant moderating role between important financial indicators and stock prices in Dupont analysis.Specifically,investor relationship management plays a significant moderating role in the relationship between roe,net asset value per share,net profit margin,asset-liability ratio and stock price,but not in the relationship between total asset turnover and stock price.