Tianyi Technology Asset Restructuring Performance Study

With the rapid development of the securities market,the market has increasingly strict requirements on the profitability,competitiveness,and development capabilities of major companies.How to effectively use capital and obtain competitive advantage through capital concentration and other means to seek the long-term development of the company has become the company's primary strategic goal.Asset reorganization is not only an important means for the rational allocation of resources in the capital market,but also a useful tool for listed companies to revitalize their existing assets,adjust their industrial structure,enhance their competitive strength,and maximize their value.For a country,asset restructuring can concentrate capital in the most important areas and industries and optimize the layout of the national economy.Therefore,the reorganization of assets plays a decisive role in the development of modem economy.The main body of the reorganization activities has gradually extended from state-owned enterprises to private enterprises and foreign-funded enterprises,and the means for carrying out reorganization activities have become increasingly diversified.It is of great theoretical and practical significance to deeply analyze the motivation of the company for reorganization of assets and analyze the reorganization performance.Hunan Tianyi Science&Technology Co.,Ltd.is located in Pingjiang County,Yueyang City,Hunan Province.It was originally one of the five core manufacturing enterprises of agricultural submersible pumps in China.In recent years,due to the implementation of the new industrial revolution,raw materials and labor costs have risen dramatically,and the company has developed itself seriously.Restricted,Tianyi Technology's operating conditions,every day,have already posed a huge threat to its survival and long-term development.Therefore,based on the concept of asset reorganization,this article uses Tianyi's asset restructuring activities as a case.It first reviews the literature review from the perspectives of the causes of asset reorganization,the evaluation methods of asset reorganization performance,and the reorganization performance influencing factors,and then reorganizes the assets.The relevant concepts and theories of performance were summarized.Then,the historical development of Tianyi Technology and the analysis of the current business situation led to the motivation of the company's restructuring.Its main purpose was to get rid of business difficulties and improve the profitability of corporate assets.The plan for the reorganization of assets and the specific reorganization process were introduced.Thirdly,based on the relevant theories of the performance of the listed company's asset restructuring to achieve performance,it uses the event research method,financial index analysis,EVA index analysis method and non-financial index method to conduct market response,financial and non-financial performance of Tianyi Technology Asset Restructuring.Analytical evaluation.Afterwards,through a comparative analysis of the performance of Tianyi Science and Technology before and after the reorganization,the follow:ing conclusions were drawn:This asset reorganization brought a good market response to the company,financial indicators have been significantly improved,and corporate value has been significantly improved.Optimized the company's non-financial performance.Although there are still some areas that need further improvement,the overall asset restructuring is very successful.Finally,this article summarizes the successful reorganization experience of Tianyi Technology and provides reference and revelation for other companies to reorganize assets:if we want to comply with national policies,we should reasonably choose the timing of reorganization;combine the actual situation of the company,rationally select the target object;It is necessary to hire professional intermediary agencies and strengthen the post-reorganization construction.