Research On The Financial Performance Of Offcn Education Backdoor Listing

Offcn Education,known as “the first share of civil service examination”,is the leading enterprise of vocational training,with a representative scale.Under the background of the same leading enterprise Huatu's two backdoor listing failures,Offcn Education did a successful backdoor listing in November,2018,and its market value exceeded 100 billion yuan on September 24,2019,becoming the first vocational education listed company with a market value of more than 100 billion.Based on this background,this paper takes the successful listing of Offcn Educati on as a case study.First of all,this paper expounds the progress of domestic and f oreign scholars on the theory of backdoor listing and financial performance,defines the research content and research methods of this paper,and then briefly introduces the related concepts,theoretical basis,backdoor mode and analysis indicators of fin ancial performance of backdoor listing.Then,the paper elaborates how Offcn Educa tion successfully did a backdoor listing in A-share market through Yaxia Auto.Next,it can be seen that backdoor listing has a positive impact on the financial perform ance of Offcn Education,and the operating profit has increased significantly,after c omparing financial performance of Offcn Education before and after backdoor listing through the use of Event Research,Financial Index Analysis and Du Bang Analysis.Finally,the successful experience of Offcn Education is summarized to provide dec ision-making consultation for the company's leadership and reference for the same ty pe of vocational education and training enterprises to be listed.