Study On Asset Restructuring Benefit Of Ningxia Orient Tantalum Industry Co.,Ltd

As an important means,asset restructuring is being used more and more widely in all walks of life.Asset restructuring can make the market competitiveness and business structure of enterprises improve rapidly,not only can it help the listed companies to tide over the difficulties they are facing,can help companies overcome financial difficulties,so gradually become companies to enhance the overall strength and enhance the profitability of the most direct and effective way.In addition,listing qualification is a very scarce resource for listed companies.No listed company is willing to lose this resource,especially for St Enterprises,removing the ST "hat" to prevent the risk of delisting may become their main motivation for asset restructuring.In this paper,we choose the Ningxia Orient Tantalum Industry Co.,Ltd.(hereinafter referred to as Orient Tantalum Industry)as an analysis case.This paper analyzes the motivation,process and benefit of the assets reorganization of Orient Tantalum industry by using the methods of literature study,case study and comparative analysis.First of all,from the related concepts of asset restructuring,means and asset restructuring evaluation methods,to lay the theoretical basis for the study of asset restructuring.Secondly,it introduces the process of assets reorganization:The basic situation of Orient Tantalum Industry and the background of assets reorganization,and then it analyzes the motivation of assets reorganization of Orient Tantalum Industry,and introduces the implementation process of assets reorganization.Secondly,the paper analyzes the efficiency of assets reorganization in Orient Tantalum Industry:Using the short-term stock price of event research method to analyze the market effect brought by assets reorganization;Using financial ratio analysis method to analyze the changes of financial indexes such as profitability,operating ability,debt paying ability and development ability of Oriental Tantalum Industry,and using EVA index to evaluate the economic value added benefit of reorganization,with a view to more comprehensive and objective measurement and evaluation of the assets restructuring of the benefits,followed by non-financial indicators of the assets before and after the benefit analysis.Finally,the conclusion is drawn and some suggestions are put forward to Orient Tantalum Industry.According to the conclusion,it gives some reference and enlightenment to other listed companies whether they choose to carry on the assets reorganization,how to carry on the assets reorganization and the management after the reorganization.