通过对2009—2014年A股市场23家农业上市公司的经营绩效进行分析，发现农业上市公司生物资产占总资产份额较小，存货比率过高导致未来现金净流量不确定，过低的存货比率也带来流动性风险；有些农业上市公司资产负债率过高，为企业偿债带来很大压力。研究还发现：农业上市公司存货周转率基本一致，固定资产投入与经营规模相比行业内水平相当，成本费用利润率差异较大，公司的经营有些偏离主营业务，无形资产增长率大体上是稳定上升。最后对农业上市公司提高经营绩效提出积极寻求外部投资者、尽快扩大销售，处理积压，降低库存、加大农产品的生产经营，扩大主营业务收入，提升营业利润，降低对营业外收益、政府补贴的依赖等建议。%Business performances of 23 agricultural listed companies in A-share market from 2009 to 201 4 were analyzed in the paper.The results showed that the ratio of agricultural biological assets to total assets was relatively minor,some enterprises’inventory ratio was high enough to an uncertainty cash flow in the future;unreasonable lower inventory ratio also leaded to liquidity risk.Some agricultural listed companies’debt ratio made the failure payment possible.The study also found that agricultural listed companies’inventory turnover rate remained consistent,fixed assets investment changed according to the scale of companies in the industry, ratio of profits to cost and expense differences among the companies were distinct,some companies’operating deviated from the main business and the average growth rate of intangible assets were stable rising.The article proposed to seek more outside investors actively,expand the selling market to reduce inventory volume,increase agricultural production to expand the main operating income,and reduce the dependence on governmental subsidies to strengthen management performance for the agricultural listed companies in the final.
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