*ST Ledian Surplus Management Case Study

With the development of capital market in China,relevant regulatory authorities issued a series of laws and regulations to specification and market supervision.Delisting risk warning system as a basic the delisting system of capital market,aims to remind the * ST companies must improve the operating profit in three years,to improve business performance in order to avoid delisting,capital market investors and pay attention to the risk of market investment.Bring the positive role in this system,however at the same time,also caused many new problems.At present,China's listed companies owned by the "shell" resources are scarce,under the condition of enterprise in net income is negative,* ST company in order to avoid delisting,parts of the "shell" and earnings management through the operation profit phenomenon.In this paper,based on this background,through the case of * ST Ledian,analysis enterprise is how to do by the means of earnings management on the surface of prosperity,increase profits.In this paper,the main content is divided into five parts: the first part is introduction,mainly introduced the research background and significance,proposed in this paper,the research content,the related research status at home and abroad were reviewed and summarized and comb,and the research ideas,research methods and show the possible innovation points in this paper.The second part to systemic introduction of related concepts,analyzed the concept of earnings management,and ST companies use earnings management motivation and means;The third part is the industry analysis,this part analyze ST companies earnings management to pick a cap status,lists the full year 2016 pick hat successful 39 enterprises,point out the data in its financial statements,respectively,using the empirical analysis on the assumption that eventually found that companies can use earnings management means to manipulate profits;The fourth part is case analysis,this part of the success to cancel2016 special treatment * ST of electricity as a specific case,to the company's general situation and development condition has carried on the detailed introduction,events in the case of process are described,and the * ST le electricity to conduct a comprehensive analysis of the annual report of nearly three years,based on the financial situation and the relevant data of the balance sheet and income statement for detailed analysis and comparison,reveal the use by the means of earningsmanagement.The fifth part of the article summarized,and the ST companies earnings management process of the enlightenment,finally respectively from inside the enterprise and market regulators to counter the problem of enterprise surplus management puts forward related countermeasures and Suggestions.