Research On Financial Performance Of Capital Operations For Asset-light Listed Companies

With the accelerating process of globalization and the increasingly fierce market competition, it is a problem that the listed companies need to find the way to get stronger profitability in the fierce competition. It is also important to keep the faster pace of development and more lasting growth momentum. Currently, a new value-driven strategic asset-light model has been respected. It can create the greatest value for the company, which is asset-light refined social division of labor, rapid economic development, access to the knowledge era and the inevitable outcome. It is by virtue of long-term accumulation of brand culture, human resources and other knowledge-based economy to leveraging the integration of various quality resources inside and outside the industry to maximize corporate value. Capitalization of listed companies on asset-light business model not only helps to enhance the overall operational research capacity of enterprises, to promote the development of light assets of listed companies is significant, but also can effectively improve the asset-light business model capital of listed companies to improve corporate financial performance provides the theoretical basis and practical advice.Based on the important research capital operation with domestic and foreign experts, financial performance important research, defining the listed company’s asset-light definition and characteristics of different types of capital business model and its characteristics, and based on the division of labor theory, the theory of financial strategy, synergies theory and pecking order theoretical foundation, combined with the intrinsic relationship between the two, respectively. And it also analyzes the impact of different operational modes of the capital asset-light company’s financial performance, the use of empirical research methods to be generated for the impact of quantitative analysis. Empirical research using financial analysis with comprehensive analysis of changes in financial performance, through the analysis of the financial performance indicators in different years to reflect the true state of the enterprise capital operation, assets of listed companies come to light and effective capital management can improve corporate financial performance conclusions, but not appropriate capital management activities will reduce the company’s financial performance for the problems and proposed solutions countermeasures relevant laws and regulations that regulate the asset-light mergers and acquisitions of listed companies to strengthen risk assessment pre-merger, post-merger attention integration of resources and accurately on asset-light valuation of listed companies, asset-light company to strengthen supervision of the divestiture, the emphasis on the latter part of the outsourcing management, rational divestitures, adhere to long-term behavior of the contraction of capital operation. While increasing the capital market capitalization of listed companies asset-light support to leverage the company’s free cash flow asset-light, light assets of listed companies to strengthen internal control of accounts receivable. In many ways to improve capital management modes to improve the financial performance of the company’s asset-light, light assets of listed companies to maintain a sustainable competitive advantage.