Impact of Financial Indicators on Stock Price Based on Chinese Baijiu Listed Companies

Peng Zhang ()
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Peng Zhang: South China Normal University, School of Economics and Management

A chapter in Proceedings of the 2024 2nd International Conference on Economic Management, Financial Innovation and Public Service (EMFIPS 2024), 2025, pp 330-339 from Springer

Abstract: Abstract How to determine the trend of stock prices is the most concerning topic for stock investors. This paper takes the stocks of Kweichow Moutai, Jiannanchun and Jiugui Liquor as the research objects, selects financial indicators in the quarterly financial statements of these companies from 2005 to 2023 and quarterly stock closing prices as data samples, uses SPSS to conduct factor analysis and regression analysis, and studies the relationship between financial indicator and stock price. The results show that quick ratio, equity ratio, diluted earnings per share and net asset value per share of Kweichow Moutai have a greater positive impact on the stock price; Jiannanchun’s current ratio, quick ratio, year-on-year growth rate of net profit, year-on-year growth rate of total operating revenue, and net asset value per share positively influences stock prices. on the stock price; The current ratio, quick ratio, equity ratio, net profit margin, year-on-year growth rate of net profit, year-on-year growth rate of total operating revenue, diluted earnings per share, and net asset value per share of Jiugui liquor have a significant positive impact on the stock price. Different financial indicators have different impacts on the stock prices of Baijiu companies of different grades, so investors should consider carefully when investing.

Keywords: Correlation analysis; Stock price; Financial indicator; Factor analysis; Regression analysis (search for similar items in EconPapers)
Date: 2025
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DOI: 10.2991/978-94-6463-706-9_30

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