The Impact Of Beijing Xiangeqing Co.Ltd's Major Shareholders Holdings On Corporate Performance

After the share reforming,our country's stock enter into a new era of full circulation,some restricted stock began circulate in the stock market.Maximizing shareholder value is no longer the only goal,some large shareholders began to benefit from stock holdings.Major shareholders holdings not only have an impact on the stability and fairness of the securities market,but also major shareholders holdings will affect the company's own development.For example,major shareholders holdings will pass the company's bad operation negative information to markets,thereby restrict company's development.As the controlling shareholder of insiders,the change in holding is based on information superiority.And domestic scholars have proven their announcement before and after the change in holding has more in line with expected market reaction,after the reduction of the controlling shareholder,how the company's corporate performance changes ?This is what the article study :through comparing Xiangeqing Co.Ltd relevant financial data before and after the reduction,exploring the impact of major shareholders holdings on corporate performance.The main purpose of this paper is to collect and elaborate the literature,Sums up the motivation of major shareholders holdings in the previous literature and the impact of major shareholders holdings on corporate performance.On this basis,through the cases of Xiangeqing Co.Ltd study the influence of major shareholders holdings to company performance.The research methods of this article is collecting Xiangeqing Co.Ltd's financial data from 2009 to 2013,Comparing the financial data from 2009 to 2013,studying the effect of major shareholders holdings on corporate performance.In this paper I mainly uses data tables,theoretical analysis to analyze the influence of major shareholders holdings on the company performance.In this paper,the innovation is using EVIEWS software to establish the model about the proportion of large shareholders and corporate performance to study the relationship between the major shareholders holdings and corporate performance.Xiangeqing Co.Ltd as one of the first restaurant industry in our country has a glorious history,and it is mainly engaged in high-end catering service.Xiangeqing Co.Ltd 's operating performance is good,from 2009 to 2012 and its sales revenue rise by J type.But after The central issued "eight regulations,six ban" in2012,Xiangeqing Co.Ltd 's large shareholder started to underweight.The rules has brought no small impact to Xiangeqing Co.Ltd.In 2013,Xiangeqing Co.Ltd 's largeshareholder holdings brought bad influence on the corporate performance.The main content of this paper is through the cases of Xiangeqing Co.Ltd studying the influence of major shareholders holdings to company performance.On the basic of understanding the situation of Xiangeqing Co.Ltd and its three reduction,according to the financial data of 2009-2013 of Xiangeqing Co.Ltd.calculate its five years corporate performance,comparing the underweight before and after its corporate performance and discussing the major shareholders holdings impact on corporate performance.This article analyzes Xiangeqing Co.Ltd 2009-2013 corporate performance from the profitability,development ability,debt paying ability,operating ability of each index,and Use DuPont analysis to further analyze the performance of the company in a comprehensive way,then according to the comprehensive index of DuPont analysis.Using EVEWS software building model conform that the reducing proportion of Xiangeqing Co.Ltd large shareholders will reduce its performance.Because in August 2014,Xiangeqing Co.Ltd changed its name to "ST zhongke cloud network",So in this article the data is the financial data of Xiangeqing Co.Ltd from 2009 to 2013,not involving the financial data from 2014-2015.The behavior of Xiangeqing major shareholders holdings is about 2013,after The central issued "eight regulations,six ban".This provision has brought strong impact to the originally engaged in high-end dining Xiangeqing Co.Ltd.2013 Xiangeqing Co.Ltd implementation of several greatly reduce its big shareholders to Xiangeqing Co.Ltd.corporate performance brought negative effects to some extent.In 2013,several great major shareholders holdings brought negative effects to Xiangeqing Co.Ltd.Finally,through studying Xiangeqing Co.Ltd major shareholders holdings process,we get the following enlightenment : the major shareholders holdings behavior would damage the interests of minority shareholders,and the underweight before the high discount is more conducive to the major shareholders holdings arbitrage,More importantly,the major shareholders holdings behavior is easy to cause a downturn of the company's performance,at the same time the major shareholders information advantage helps big cash holdings.Because the major shareholders holdings brought so much detriment,Some corresponding countermeasures are put forward in this paper: Firstly,it is suggested that the medium and small shareholders should fully understand the enterprise information to avoid the damage of the interests,Secondly,the company should optimize the ownership structure to avoid the single-large shareholder;Again,the company should pay attention to informationdisclosure of major shareholders holdings;Finally,regulators should increase the manipulation of the information in the process of underweight penalties to prevent the occurrence the phenomenon of the major shareholders holdings behavior.