Study On Chitianhua Asset Restructuring Performance

Asset reorganization is one of the major measures taken by companies to adjust their asset structure.It is also a powerful way to enhance their own value.With the continuous improvement of the level of domestic marketization,domestic state-owned enterprises are undertaking a series of efforts and explorations to better adapt themselves to the complex market environment in order to ensure their long-term development.The government is undergoing more in-depth reform of enterprises in industries that are in recession.When dealing with companies that have listed companies' shell resources,they can also support the development of key industries in some countries and will be in the state of recession.Listed companies are sold to enterprises in key development industries through asset reorganization to help the development of these key industries.This thesis treats the asset restructuring of Chitianhua shares as a case and explores the financial performance of state-owned enterprises' asset restructuring.The first paper has carried out detailed combing and discussion on relevant theories such as asset reorganization.The second introduced the main situation of the asset restructuring of Chitianhua.Third,the relevant theory of the reorganization of assets of listed companies was used as the research basis,and the incident research method and index analysis method were used to carry out specific investigations into the financial performance of the asset restructuring of Chitianhua.Gaining the asset restructuring of Chitianhua shares has a positive effect on the market performance of the company,but it has not achieved the expected results in financial performance.In the end,this paper carried out a corresponding evaluation of the financial performance of the asset restructuring of Chitianhua shares,found the problems,and based on this,gave the recommendations for targeting.After analyzing the case of Chi Tianhua ' s assets reorganization,the conclusion is: Asset restructuring has improved the market performance and realized the improvement of shareholder value in a short time,but it has not significantly improved corporate financial performance.