FZCM Backdoor QXKG A-share Listing Case Analysis

In recent years,with the impact of rising listing costs abroad,gradually falling financing efficiency,and good domestic listing policies and relatively high returns,Chinese concept stock companies have an increasingly strong motivation to list in China and implement privatization and delisting one after another,hoping to list in China's capital market.Two reasons contributed to the development of the situation:one is the state in order to develop the capital market,it is necessary to intensify the reform of capital market,you need to introduce high quality company,conveniently became almost companies in focus,bring to China capital market high quality investment targets,making the development of the capital of our country have more channels.Technological innovative enterprises can develop rapidly with the advantage of backdoor listing and promote the development of the original shell company business.Backdoor listing provides a development platform for companies planning backdoor listing.Correspondingly,this listing method also brings hope to shell companies that are gradually in a weak position in development.Second,these Chinese companies see the hope of listing in China.By comparing the prices in the domestic and foreign markets,it highlights that these companies can obtain very large development space in China and have more opportunities to obtain high profits.And weak companies with shell resources constantly stimulate the market demand for shell resources for the development of enterprises.This paper studies the influence of backdoor listing on the short-term performance of FZCM.Through the analysis of development ability,debt paying ability,operation ability and profitability,a series of analysis and comparison were made on the long-term financial performance of FZCM before and after backdoor listing,the influence of FZCM backdoor listing on financial performance was obtained,the experience and inspiration of its successful listing were summarized,and Suggestions for improvement were put forward according to the problems existing in the process of listing.FZCM is the first Chinese concept stock listed in the United States to be successfully listed in a-share market through backdoor listing.TakingFZCM backdoor listing as an example,this paper analyzes the company's listing plan and summarizes the solutions to unmeasurable factors,hoping to provide reference and help for other innovative technology enterprises.