The Research Of Asset Exchange In ZM Enterprise

Since the 30 years of China’s reform and opening up, gradually opening up the domestic market intensified market competition. Under the condition of market economy, asset replacement is the rational allocation of corporate resources, a useful tool to revitalize corporate stock assets, help to adjust the industrial structure, optimize the layout of the national economy, plays an important role in the world of modern economic development. In listed companies, asset replacement is an important means of survival, development, and expansion of the scale of assets, achieve efficient allocation of resources. Causes and effects analysis evaluated the replacement of assets of listed companies is an important research topic of financial discipline, theoretical and practical significance.This thesis is divided into four parts, the first part is the introduction, including the background and research significance, research ideas and methods, emphases, difficulties and innovations of the research; the second part is the review of the definition and related literature review; the third part is the case analysis part, introduces the ZM company and Zhengzhou coal group assets replacement, replacement of the background, operation scheme and asset replacement significance; the fourth part is the comparative analysis of changes after replacement of the listing Corporation financial index, the fifth part of the underlying asset, injection timing and other aspects of the impact of asset injection, the sixth part is the summary of the research limitations and future development direction.In this paper, the replacement of assets related to the theory, the paper introduces the ZM company and Zhengzhou coal group assets replacement case, objective analysis of the causes of asset replacement of ZM company, focuses on the selection and asset of asset quality before and after the injection timing and the replacement of assets accounting financial indicators comparative analysis comes to the conclusion: the replacement of assets to enhance the company the value of assets; timing and asset quality is very important; the replacement of assets after the asset integration has profound influence on the trade effect, at the end of the new asset replacement after ZM company asked the emergence of problems are studied and discussed combined with the actual situation of ZM company and put forward some suggestions, and hope that this case can provide effective reference for other implementation the replacement of assets trading company.