Research On The Impact Of Greenland Overall Listing On Financial Performance

On March 25,2016,the National Development and Reform Commission promulgated the Opinions on the Key Tasks of Deepening Economic System Reform in 2016,in which it was stressed that in order to further activate the vitality of micro-subjects in China's market,it is necessary in the process of market economic system reform.To effectively promote the reform of our country's enterprises.The reform of the mixed ownership system of state-owned enterprises in China has achieved very significant results,especially in the process of mixed ownership reform.At the core of the mixed ownership system is the overall listing of companies.Therefore,the study of the overall listing of state-owned enterprises has a Very important research significance.Greenland Group is a state-owned holding super-large enterprise with real estate as its main business.Since its establishment in 1992,it has carried out several rounds of system-level reforms.In 1997,the shareholding system reform formed a modern stock structure with state-owned shares and employee stocks.Under the background of deepening the reform of state-owned assets throughout the country,in 2015,under the impetus from Shanghai SASAC,Greenland Group adopted the overall listing model to achieve a mixed ownership reform and become the largest real estate company listed on the A-share market.This is also the largest scale of state-owned assets in Shanghai.Mixed ownership reform case.Based on the introduction of the basic theories of overall listing and the case of Greenland Group,this article analyzes its basic situation and the overall listing process,focusing on the financial performance of green areas and the overall listing of the group.In the analysis process,nature focuses on the influence of the three elements of the listed model,governance structure,and shareholding structure on the correlation between the above two factors.When analyzing the financial performance of Greenland Group,it mainly analyzes the financial indicators that show the company's solvency,operational capacity,profitability and development capacity.In addition,in order to compare the financial performance of Greenland Group and the industry average,this paper The Greenland Group's equity net interest rate,asset-liability ratio,inventory turnover rate,and net profit growth rate were compared with the industry average.Through collecting data,discussing and summarizing,we came up with relevant recommendations for improving the overall post-listing financial performance of an enterprise: appropriately selecting the overall listing method,optimizing the ownership structure and governance structure,and giving full play to the government's guiding and supervisory role in the overall listing.