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This paper studies China s listed companies to test the argument that "the listed companies with much free cash flow is inferior to those with little free cash flow in their profitability of sales growth" based on the Free Cash Flow Hypothesis.

以中国上市公司为研究对象,依据自由现金流假说考察"拥有大量自由现金流公司的销售增长的获利能力比没有自由现金流公司的销售增长的获利能力差"这一观点,分析了第一大股东持股比例能否影响拥有自由现金流公司的销售增长的获利能力,以及是如何影响的?研究结果发现:(1)对于拥有自由现金流的公司,其自由现金流量越多,公司绩效一销售增长敏感度越低。

Implement sales strategies to exceed growth targets in the KC Markets.

执行销售战略以在橱柜市场超额完成销售增长。

3. Increasing sales volume of consumer goods.

三是生活消费品销售增长。

Free Cash Flow Hypothesis: Corporation Performance and Sales Growth;

自由现金流假说:公司绩效与销售增长

Implement sales strategies to exceed growth targets in the various General Industrial Markets.

执行销售战略以在各个工业漆市场超额完成销售增长。

Implement sales strategies to exceed growth targets in the various Spray PVDF Markets.

执行销售战略以在各个氟碳喷涂市场超额完成销售增长。

a boost in sales, exports, etc

销售、 出口等的增长

5. Steady growth of market sales.

５．市场销售平稳增长。

Sale has risen over the first quarter .

第一季度的销售量有所增长。

Sales of other consumer goods also rose.

其他消费品的销售量也增长了。

Sales of motor vehicles throughout the year surpassed 2 million units, up 16 percent on the previous year.

汽车的销售量超过200万台，增长16%。

But in recent years organic sales have grown sharply.

但近些年，有机物的销售在迅猛增长。

The sales this year were up 8 per cent compared with the corresponding period in 20

01. 今年的销售比2001年同期增长了8%。

The company had record another year of increase sale.

公司记载了另一个销售额增长年。

There are some signs of sales increasing.

有迹象显示销售额在增长.

Sales of consumer goods at domestic market increased steadily.

消费品市场销售平稳增长。

of this total, 11.275 million square meters were marketable residential housing,a growth rate of 25.5 percent.

其中销售商品住宅1127.5万平方米，增长25.5%。

Commodity sales on domestic market were stable.

国内市场商品销售平稳增长。

The sales of most goods enjoyed a faster growth.

多数商品类的销售均有较快增长。