Research On The Performance Of GCL's Backdoor Listing

With the growing prosperity of the domestic securities capital market,more and more companies hope to expand their financing channels and enjoy higher asset valuation through listing.Backdoor listing as one form of asset reorganization has been used more and more frequently in the Chinese stock market in recent years.Initial public offerings are relatively time-consuming to review with backdoor listings and require stricter requirements.Companies that hope to achieve rapid listing are now more inclined to backdoor listing,and the public is increasingly accepting and accepting this approach of backdoor listing.This paper mainly adopts three methods of analysis: event research method,financial index analysis method and EVA analysis method to analyze the performance of the case of GCL integrated backdoor listing.Through analysis of the GCL share price through the event analysis method,it can be seen that in the short term,GCL's integrated backdoor listing has brought about a very good market effect for the company.The share price of the company has risen rapidly in the week after the backdoor listing.Through the horizontal and vertical comparison of financial indicators,it has been found that after the listing of GCL,the various financial indicators have been greatly improved compared with that of ChaoRi Sun Co.,Ltd.,but the average solvency and profitability of the company have been compared.Still slightly inadequate.Finally,from the EVA analysis,we can see that GCL's economic growth after the backdoor listing is much higher than before,but there is still room for improvement.After the performance analysis was completed,the article further analyzed the problems existing in the case and the causes of the problems.It was found that there was a problem of low stock prices,excessive corporate liabilities,and insufficient corporate profitability after the backdoor listing fever.After discovering and analyzing the problems existing in the company,this paper gives suggestions for resolving the two related issues.Finally,the end of this article presents the implications of this case and summarizes the full text.