Reason For The Failure Of Listed Companies, To Identify And Countermeasures Of Hezong Science & Technology Co.,Ltd

Financial issues listed companies failed has become an important reason for restricting the smooth going public listed companies. For the preparation of listed companies, the successful landing the capital market is not only able to quickly get a lot of money, but also enhance the company’s reputation and influence, making the company at the time have a greater voice for suppliers and customers. However, although many leading companies through the listing process of the layers of checkpoints, but not allowed by the Commission. The reasons are varied, and significant financial problem’s that exist in the enterprise in the listing process and the non-financial issues are undoubtedly two of the important reasons. Based on the Hezong Science & Technology Co., Ltd as the research object, using the method of systematic comparison and case analysis, to analyses the problems exist in the process of public financial and non-financial issues, through a case study of Hezong Science & Technology Co., Ltd about listed enterprise to provide the reference for the future.The main purpose of this paper is to explore the financial reasons why Hezong Science & Technology Co., Ltd failed in the listing process, and explore these commonalities financial reasons, and thus provide a reference for the equipment manufacturing business early specification of the underlying financial problems, reduce equipment manufacturing enterprises in the listing process possible financial trap.In this paper, Base on the Hezong Science & Technology Co., Ltd of financial information in the prospectus disclosure of the site, combined with the special circumstances machinery manufacturing industry, the overall financial position of the Hezong Science & Technology Co., Ltd conducted an overview description, including asset structure, solvency terms, accounts receivable, prepaid accounts, asset turnover, cash flow and financial condition indicated in special circumstances exist. These problems include accounts receivable, prepaid accounts, solvency, Big customers rely on, technical disputes, internal control system etc., will be combined with the special circumstances commentators equipment manufacturing industry, the cause of these financial problems will be a detailed analysis, such as the origin of the problem, the formation of, addressed the possibility of developing and presence. On this basis, the combination of theory and practice, put forward the coping strategies of systemic, countermeasures that including financial and non-financial measures from two aspects.By the above discussion, this article will be an in-depth analysis of corporate financial problems are not over, based on the theoretical basis to draw on existing accounting and business practices listed valid from financial instruments and non-financial means of these two aspects of not over corporate existence will solve financial problems, and provide a viable solution.