Research On The Growth Of China’s GEM Listed Companies

The GEM market is an important platform for cultivating and promoting the growth of small and medium-sized companies,especially high-tech companies,and supporting the implementation of national independent innovation strategies.Its main purpose is to provide a financing platform for emerging small and medium-sized companies that operate well in the high-tech field and have strong growth potential.China’s GEM market started late,and has only a decade of history since its establishment in 2009.Over the past decade,the GEM market has gradually developed and expanded,and a group of excellent enterprises have gathered to implement innovation-driven development strategies,serve the real economy,and promote the deep integration of traditional industries and new technologies,new industries,new formats,and new models.It played an important role.However,from the perspective of the development of China’s GEM listed companies,there are still problems such as uneven distribution of industries and regions,weak core competitiveness,and a large gap in growth performance,which have affected the sustainable development of GEM companies to a certain extent.Judging from the current research results on the growth of GEM companies,most of the research is conducted from a single perspective.The overall growth data of the GEM market is relatively old,and the sample size is slightly insufficient.Based on this,on the basis of analyzing the overall situation of China’s GEM market and the regional and industrial distribution of listed companies,this article is guided by relevant theories to conduct a special research on the growth of China’s GEM companies,which has certain theoretical significance and Great practical significance.In this paper,based on the actual situation of China’s GEM market,taking 765 listed companies in China’s GEM from 2015 to 2018 as a sample,12 items were selected from six aspects: profitability,expansion capacity,solvency,cash strength,operating capacity and R & D capabilities.Indicators,using factor analysis method to build a growth index index system and factor scoring model of GEM companies,using spss19.0 software for descriptive statistical analysis and correlation testing and analysis,and obtained the sample company’s comprehensive ranking of the top 100 companies And its regional distribution and industry distribution,systematicallystudied the growth of GEM companies.The results show that the growth of China’s listed companies on the GEM is generally good,but it is not optimistic,and it still needs to be further improved;the growth indicators of GEM companies differ significantly.While the growth is generally good,some companies’ The core competitiveness is not strong,and there is a regression in growth;the information technology industry,manufacturing,scientific research services and health industries have high growth and outstanding performance,while the growth of other industries is obviously insufficient.On this basis,countermeasures and suggestions such as increasing policy support and market supervision at the national level,strengthening third-party evaluation and supervision at the market level,optimizing its own financial structure at the company level,enhancing its own capabilities at the stakeholder level and strengthening investor supervision are put forward with a view to To provide a certain reference for GEM companies to more clearly understand the factors that affect the growth of the company,make strategic adjustments that are conducive to the growth of the company,and then promote the sustainable development of the company.