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

Abstract

In the digital economy era, the deep integration of the digital economy and the real economy promotes high-quality economic development. The digital transformation of listed agricultural companies in China, which is in a critical period of transformation and upgrading, is an important driving force for achieving high-quality agricultural development. This article takes Xinjinnong as an example to analyze how the practice of digital transformation can improve corporate performance and achieve value creation. The analysis found that in the initial stage of digital transformation (that is, the informationization stage, the company realized financial sharing, the person in charge of the company called the company digitalization 1.0 stage), this paper try to reduce costs and increase benefits by digital transformation from aspect of each link of production and operation (production link, operation link, supply chain management link, etc.) due to the low level of digitalization, the impact of digitalization on corporate performance is limited. The chain management link has achieved cost reduction and efficiency enhancement, and has significantly improved performance. The impact of digitalization on performance in production and application links is not obvious. With the deepening of digital transformation, Xinjinnong will realize value creation in the entire industry chain of the aquaculture industry in the digital 2.0 era.