Research On The Performance Of Yuantong Express Backdoor Listing

With the rapid development of e-commerce business and the support of national preferential policies,the express industry has entered the stage of rapid development.The express industry has developed into an industry which is related to the national economy.It is becoming more and more important in promoting the transformation of product circulation and promoting the promotion of consumption in the life of the people.Use.In 2015,the State Council issued a number of comments on the development of the express industry by the State Council,encouraging the express industry to enter the capital market and the entry of foreign capital into the express delivery field.In this context,the express delivery companies have worked hard for the financing of the market.It has typical significance,and its research on backdoor listing and its performance after backdoor listing is of theoretical value and practical significance.First of all,from the reasons,characteristics and the impact on the financial performance and the development of the express industry,this paper has combed the research results both at home and abroad,mastered the current research status on the backdoor listing,and further clarified the theoretical basis for the study of the backdoor listing.This is followed by the case study section.This section explores the motives behind Yuantong's backdoor listing and the specific process of its backdoor listing.It focuses on analyzing the company's performance changes after backdoor listing,mainly including short-term market performance and long-term financial performance.Among them,the short-term market performance study borrowed the event research method,and analyzed the short-term market response status by calculating its excess return rate.The long-term performance research is based on the financial index analysis and the economic value added value analysis method.The following three analysis methods are used to study the short-term market performance and long-term financial performance of the shell listing of the company.The following conclusions are drawn: after the news of the shell listing,the market investors have given a positive reaction,increased the value of the company,and brought the positive wealth effect to the shareholders;its long-term financial performance.The efficiency has been greatly improved.Generally speaking,the introduction of tact express to the two sides of the transaction has had a positive impact and achieved mutual benefit and win-win situation.Finally,through the comprehensive analysis of the yuantong express backdoor listing case,on the other to backdoor listing enterprises provide relevant countermeasures and Suggestions: listed companies to should choose the appropriate "shell companies",to choose correct way to market,analyze the cost-benefit of the backdoor,prevent subsequent integration risks,etc.