Digital Transformation of Listed Agricultural Companies in China: Practice, Performance, and Value Creation

Table 1

Performance analysis of Xinjinnong’s production links.

year	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
Manufacturing worker rate (%)	23.87	27.83	27.84	34.25	34.15	39.24	40.91	52.36	52.37	57.64
Labor cost profit rate (%) (labor/profit)	4.04	4.47	4.98	5.61	5.16	7.28	8.73	10.16	11.34	9.54
Depreciation profit rate (%)	0.81	0.86	0.74	1.02	0.93	1.48	2.67	3.01	3.79	2.66
Plant assets of fixed assets (ten million)	10.00	10.78	18.22	25.39	32.21	80.39	90.07	94.07	130.65	182.52
Turnover of fixed assets	20.318	19.412	15.245	9.8849	9.3867	5.166	3.82297	3.3321	2.32817	2.81037