Research On Dividend Policy Of Harbin Pharmaceutical Group Co.,Ltd

Dividend policy plays an important role in the company's financial management and is closely related to the company's future development.Scientific dividend policy can properly handle the relationship between shareholder returns and earnings reinvestment,lay a good foundation for company development,and promote the healthy development of capital market indirectly.Harbin Pharmaceutical Group Co.,Ltd.is a large-scale high-tech pharmaceutical enterprise in China.This paper chooses the dividend policy of Harbin Pharmaceutical Group Co.,Ltd.as the research object,and makes an analysis of its dividend policy.Based on the relevant theories of dividend policy,this paper teases out the logic relationship between the relevant theories,and studies the dividend distribution policy of Harbin Pharmaceutical Group Co.,Ltd.in recent years by using the methods of literature research,case analysis and comparative analysis.By comparing the dividend distribution policy of Harbin Pharmaceutical Group Co.,Ltd.with the industry average level,the paperfinds out its dividend policy's characteristics,finds out some problems in its dividend policy after comprehensive analysis of the specific situation and industry background of Harbin Pharmaceutical Group Co.,Ltd and deeply analyses the root causes of the problems.Finally,it comes to the conclusion that some countermeasures should be taken to improve the dividend distribution of Harbin Pharmaceutical Group Co.,Ltd.The conclusion is that the current dividend distribution policy of Harbin Pharmaceutical Group Co.,Ltd.has a certain degree of short-sightedness,and some factors have not been fully considered in its formulation process.Its dividend distribution policy does not embrace continuity and stability,and has some adverse effects on enterprises.When making the dividend policy,its senior executives should ensure the continuity and stability of dividend policy and take the influence of enterprise development stage into consideration,so as to improve the company's value.The senior executives should find a balance point between high cash dividends and the long-term development of enterprises,preventing the emergence of irrational abnormal cash dividends.At the same time,I hope that the article can play a positive role in the dividend policy formulation of other listed companies in our country,play a reference role in exploring the dividend policy with Chinese characteristics,and promote the improvement of the whole capital market.