Research On The Motivation And Financial Performance Of The Backdoor Listing In GX Company

Since the reform and opening up, China began the gradual economic system reform pace, gradual economic reform reflected in all aspects, the rapid rise of private economy is an important manifestation of the results of gradual economic reform. In order to achieve corporate goals and expansion financing, it is generally preferred to enter the capital market and seek business in the huge financing and subsequent development of the securities market platforms require various financing facilities. But in our current approval system for companies IPO market has more stringent requirements, in such a high threshold and the resource scarcity situation, companies have to find other listing of the road, Backdoor Listing has become the preferred part of the listed companies. Backdoor Listing is a product of the capital market, which greatly reduces the many obstacles IPO and riches companies listed on the way, also provides a convenient and efficient way of financing to some high-quality companies. Therefore, the presence of backdoor listing can optimize the capital structure, improve the economy, stimulate economic vitality. In recent years, Backdoor Listing has become private enterprises listed on the straw, backdoor listing companies use to direct financing in order to achieve the healthy functioning of the enterprise. Before GX power company successfully backdoor listing, the country has emerged many backdoor listing precedents, GX power company as the leading enterprises in lithium ion battery, which will undoubtedly become successful backdoor listing of battery power in the capital market industry milestone. With energy and the environment on a global scale is facing increasingly serious situation, and cars as energy consumption and greenhouse gas emissions, the main culprit, it turned to the new demand for energy is imminent. China as a responsible big country, also support the development of new energy automotive industry. As a new energy automotive battery upstream manufacturers, GX power company successfully listed undoubtedly provide strong financial support for its future development, which has become the most pure power lithium battery production enterprises in A-share market. Shaped not only the driving force for the reform of the energy of a typical breakthrough, but also to make China’s economic development provides a strong guarantee, making China the market structure to continuously improve.The author of this paper from the five aspects of writing, chapter 1, this section describes the background and significance of this writing, summarizing domestic and foreign scholars in terms of backdoor listing of research conclusions. The second chapter describes the basic concepts and theories related to the merger and reorganization of backdoor listing backdoor listing, including the effect of efficiency theory, synergy theory, information theory, principal-agent theory and also introduces the current domestic several popular financial performance evaluation system, which provides a theoretical basis for the analysis of the text before and after the research company backdoor listing GX financial performance changes. The third chapter motives GX backdoor listing of the company, starting with GX company profiles, followed by the shell company’s selection and operation of the whole backdoor listing, and finally starting from the enterprise’s industry and its financing needs and depth analysis of the reasons GX company backdoor listing. The fourth chapter uses the method of analysis and comparative analysis of financial indicators to analyze the financial performance of the company GX backdoor listing, by GX in front of backdoor listing solvency, operating capacity, profitability and development capacity of four financial indicators longitudinal comparison, and by comparable companies in the same industry horizontal comparison of financial indicators, analysis of backdoor listing GX influence the company’s overall financial performance, the ability to obtain backdoor listing on the various aspects of the company’s GX has a significant role in promoting the backdoor listing acts directly or indirectly to the enterprise has brought inflows of economic benefits. The fifth chapter summarizes GX successfully backdoor listing, and by GX company success stories from other private enterprises for reference, companies want to be bigger and stronger,capital market financing is not only a path IPO, backdoor listing is a very good choice, backdoor listed profound impact on the development of the company as much as IPO, the industry is developing rapidly in time, opportunity fleeting, so be sure to select the most favorable scenario, the waiting time at the world market already.The innovation of this paper is that the domestic development of new energy automotive industry, combined with the new energy industry characteristics, with distinct characteristics of the industry. The market is about to be carved up situation in such a strategic industry is about to rise. GX backdoor listing for the company, motivation and comprehensive analysis of its financial performance for the new energy battery industry backdoor listing of theoretical research and case studies open up a precedent for later scholars have valuable reference value. The shortage of this paper is GX company backdoor listing short time and the late development of some uncertainty. I continue to focus GX backdoor listing of the company on its behavior influence to ensure that the research value.