Research On The Financial Performance Of T Company's Backdoor Listing

Under the background of the continuous development of market economy in China,more and more enterprises want to enter the stock market,raise funds,expand the scale of enterprises with sufficient funds,and promote the development and growth of enterprises.In order to expand the development of non-state-owned enterprises in the process of operation,it is difficult for them to get financial support.Investors and banks refuse to exit them.Even high interest rate loans are hard to get.Small and medium-sized enterprises want to get sufficient capital flow to turn the target to the market.However,due to the limitation of policies,there are many requirements to be listed through IPO.After passing the approval of the SEC,such regulations result in the high cost of IPO listing,long queuing time and harsh conditions.Many SMEs are in the predicament of listing.It is in such a market environment that the listing of the borrowed shells comes into being.The listed companies are facing bad business because of their suspension of business and more and more shell resources.These companies are also willing to sell their own shell.Private enterprises are hard to achieve through IPO,and the two sides cooperate under such conditions to complete the backdoor listing.This paper takes the case of T company's backdoor KM company listing as the main research object.It adopts theory and case study method to conduct data analysis and result research,and analyzes and discusses the financial performance before and after the backdoor listing.By consulting a large number of relevant documents at home and abroad,this paper makes an understanding of the reasons,characteristics,links and current research status of the current scholars.The research conclusions of scholars at home and abroad are analyzed as a reference.And contact the actual case of T company backdoor KM listed companies on both sides of this event,let the company borrow shell backdoor listing motivation,financial performance development process and T of listed companies before and after the change through the financial index analysis and EVA analysis theory and data analysis,finally through reflections on the backdoor listing on the T company case and summed up the successful experience of the backdoor listing of T company,and puts forward some countermeasures and suggestions to improve the effect of enterprise backdoor listing.