Research On The Performance Of State-owned Assets Reorganization

Sichuan Chemical Industry Holding(Group)Co.,Ltd.is an enterprise mainly engaged in the production and operation of chemical products.Due to insolvency,on March 24,2016,Sichuan Energy Investment Group began to take over the shares of Chuanhua for asset restructuring.It is mainly carried out by the State-owned Assets Supervision and Administration Commission through the acquisition of the Sichuan Energy Group and the transfer of all shares of Chuanhua held by the Chuanhua Group.This paper first establishes the theoretical framework of asset restructuring,and then introduces in detail the antecedents and processes of the case of Chuanhua's asset restructuring,and finally uses the event research method and the method in the “Comprehensive Rules for the Implementation of Central Enterprises' Comprehensive Performance”.The asset restructuring process carried out accounting analysis and quantitative evaluation of performance,and summarized the relevant reasons,process,performance and other related information of the assets restructuring of Chuanhua,so that the whole process,causes and restructuring effects of the bankruptcy reorganization of Chuanhua were relatively straightforward.And put forward suggestions and inspiration for asset restructuring.The case of asset restructuring of Chuanhua is not only representative of China's state-owned enterprise asset restructuring and reform,but also a case of China's large-scale traditional chemical industry transformation.Based on the analysis of the assets restructuring performance of Chuanhua,this paper proposes the use of resources and platforms within the parent company or the group to accelerate the transformation process of the enterprise and enhance the trust of investors in the enterprise.Proposed to ensure the sales efficiency of the main business,increase the investment in high-tech talents,etc.,to shorten the return on investment,prudent investment and financing,reduce the risk of business bad debts,and turn losses into profitable enterprises.It has gained the advantage of carrying forward the parent company group,exerting its own listing advantages,operating with sincerity,and strengthening social responsibility and other aspects to the subsequent development of the assets restructuring of Chuanhua.At the same time,there are special cases to supplement and contribute to the performance of stateowned enterprise asset restructuring and industrial transformation.First,it has certain enlightenment on enterprise management practice,reveals the situation of listed state-owned enterprises in the capital market,and warns that the state-owned enterprise assets restructuring process should improve auditing.The legal process requires pragmatic reform of the enterprise industry.It also has certain guidance for the future asset restructuring of state-owned enterprises.When researching the performance of asset restructuring,we should select enterprises with perfect asset reorganization process,and study the performance of each time-dependent enterprise.We must pay attention to the business changes in the process of corporate restructuring.Scientific performance assessment method.The article has limited research on the time of asset restructuring,and there are many objective events in the process of argumentation,and the limitations of performance evaluation methods are insufficient.In the future,we should study and think deeply,and conduct a more comprehensive analysis and evaluation of the asset restructuring performance of such companies as Chuanhua.