Research On Financial Risk Of Logistics Industry Reverse Takeover

With the development of China's economy,more and more domestic enterprises want to further expand the space to achieve long-term sustainable development,which requires access to financing by listing.At present,the main channels for listing and financing in China are IPO and Reverse takeover.However,in view of the long time needed for domestic IPO to be listed and the restrictions imposed by the policy,there are more rigid requirements Such as: Three Years of cumulative net profit to meet the corresponding standards,the total amount of capital stock must not be less than 30 million,and the IPO review time is relatively long,but also need to go through the corresponding period of counseling,which will lead to the listing process there are great uncertainties.In contrast,Reverse takeover's audit process is correspondingly less restrictive and time consuming,resulting in the vast majority of companies opting for the Reverse takeover approach in order to obtain funding more quickly.With the continuous marketization of the economy,Reverse takeover,a special M & A mode,has gradually become an important way for enterprises to obtain financing.More and more private enterprises have realized listing financing through this mode,but in the growing ranks of Reverse takeover,problems also gradually exposed,such as: the merits of Shell Resources,resources integration is not in place,"Shell" phenomenon,so enterprises and countries need to pay attention.In recent years,"online shopping" has become the People's Daily consumption,which makes e-commerce further occupy an important position in China's economy."Online shopping" to promote the development of the national economy plays a vital role,and further promote the rapid development of the logistics industry.The vast majority of the logistics industry are private enterprises.Private enterprises have narrow financing channels.To achieve long-term and sustainable development,they need to rely on the capital market to enhance their competitiveness The Reverse takeover is a high risk capital operation mode.In the process of private enterprise Reverse takeover,due to factors such as Information asymmetry,internal situation,etc.,in order to achieve a successful Reverse takeover,it is necessary to take corresponding preventive measures to reduce the financial risks of listing activities.Logistics Industry in 2016 known as the "first year of listing",Shentong Express,Yantong express has been Reverse takeover,as the leader of the express industry,has been claiming not listed SF express also successful Reverse takeover.In the context of the continuous development of the Logistics Industry,SF express is the leading enterprise in China's logistics industry,and its development is not only of great significance to the development of the enterprise itself,and to a certain extent,the development of China's economy will also have a certain impact.Therefore,this article selects the Reverse takeover to carry on the case study,in order to provide certain reference significance for the private enterprise Reverse takeover to guard against the risk.This article mainly carries on the analysis from the following several aspects: First,combs domestic and foreign regarding the Reverse takeover financial risk the theory,provides the related theory support for the following research,also from carding further found that scholars mainly analyzed the financial risk from the theoretical angle before;then,carding the current situation of the logistics industry as a whole,made an overview of the listing situation of logistics enterprises,and identify the financial risk of the Reverse takeover,including the method of object identification and identification,forming a whole cognition;Moreover,Take SF express as an example to do a case study,analyze the background,scheme,motivation of the enterprise Reverse takeover,etc.This paper mainly analyzes the specific practices of SF express in the Reverse takeover,and the different practices adopted in different stages,which enable SF express to achieve a successful listing,and then evaluates the financial performance of the enterprise by comparing the horizontal and vertical aspects of the Reverse takeover Finally,based on the Successful Case Analysis of SF express,this paper summarizes the Risk Reduction Practices of SF express,and puts forward the Reverse takeover risk prevention measures of private enterprises from the different stages of backdoor Increase the success rate of theReverse takeover.