Study On The Asset Restructuring Of Listed Companies In China With The Financial Effect

To improve the core competitiveness of enterprises,as the main body of the securities market,listed companies will choose to integrate resources through asset reorganization so as to achieve its own accelerated development.However,not all asset restructuring activities can achieve the desired results.Thus,continuous exploration and summary is necessary to give full play to the role of asset restructuring.This paper begins with the relevant theories of asset restructuring,by reading relevant literature,sorting out the definition of asset restructuring,theoretical basis and common restructuring model,we can lay the theoretical foundation for the study of asset restructuring.Then,we takes the GEM listed company-Henan Yicheng New Energy Co.,Ltd 's 2013 mergers and acquisitions activity as an example,mainly use financial analysis,by comparing the changes of major financial indicators before and after the reorganization to evaluate financial index effect of the reorganization in the aspects of profitability,operating,solvency,development and cash ability.In addition,Stock event method is used to measure the short-term stock price effect,and the EVA indicator is used to evaluate economic value added effect,thus we can comprehensively and objectively measure and evaluate the effects of this reorganization.We put forward the countermeasures and suggestions for future development of the Yicheng new energy Co.,LTD after the reorganization of assets.Finally,we summarize the results of this reorganization and analyse main reasons and reasonable suggestions for it.