Research On The Performance Of SAIC Motor's Holistic Listing

With the occurring disadvantages of spin-off listing and the popularity of successful holistic listing cases,the schemes of holistic listing appeal to the enterprises that plan to list.By holistic listing,enterprises may cut down related transaction,avoid horizontal competition,enhance industrial competiveness and improve enterprise performance.Therefore,as a listing pattern with Chinese characteristics,holistic listing is of significance to improve the quality of listed companies and to promote healthy and well-organized development of the stock market.However,the researchers have different opinions towards whether the holistic listing perfects corporate long-term performance and even they haven`t come to the conclusion about it.With the great development of our national economy,automobile has become a pillar of our country`s manufacturing industry and generated far-reaching influence upon the economic development and social progress.As a precedent,the head of the four biggest automobile groups,Shanghai Automotive Industry Corporation(SAIC Motor)with sound foundation has many joint-ventured brands and makes use of advanced technologies from every country.Thus,analysis of SAIC Motor is important to set up an example for the development of the automobile industry in China and provides positive guidance in theory and practice for the over-listing enterprises.Taking SAIC Motor as an example,this thesis first introduces its background,motivations and the detailed procedures for implementation of over listing.Then,In combination of qualitative,quantitative and comparative analysis,it vertically analyzes the variation in financial data before and after its holistic listing from sole analysis of enterprise`s capability for debt paying,operation and profitability,etc to comprehensive analysis of the decisive factors for the impact on corporate performance.And it makes a horizontal comparison between and SAIC Motor after holistic listing and the other automobile groups of our country.Consequently,it come to the related conclusions about research on SAIC Motor`s holistic listing performance that the holistic listing significantly affect the financial indicators of enterprises,and it promotes the performance of enterprises in the short term.The holistic listing has influence on the non-financial indicators.In the horizontal comparison,the impact of the holistic listing on performance is not significant.In the end,the paper puts forward relative suggestions for enterprises that want to improve performance through the holistic listing.Enterprises should make an advance evaluation of the holistic listing plan,strength to control the assets and pay attention to strength the internal management,capital operation and other aspects of enterprises after the holistic listing.