Research On Risk Control And Finance Performance Of J Enterprises' Backdoor Listing

China has entered a new era of reform and opening up,gradually giving profits to enterprises and fully creating a suitable living environment for enterprises.So many companies want to change the current situation through listing.The way to go public directly is through IPO,but the domestic approval of IPO listing is extremely strict and takes a long time.Another way is to achieve the purpose of listing by borrowing other companies.Although this way can shorten the time-to-market and reduce the cost of the enterprise,which is not easy and hides various risks.How to effectively control the risks faced by enterprises is related to the success or failure of the entire backdoor listing.The analysis of the finance performance of the backdoor listing is an effective way to test risk control.Therefore,it has important practical significance for the risk control and finance performance research of J companies' backdoor listing.This paper starts from the research background,purpose and significance,combined with relevant domestic and foreign theoretical knowledge and practical experience,to make theoretical interpretation of backdoor listing and risk control.Secondly,it elaborates on the risks and control of J company's backdoor listing,including the preparation of the backdoor listing,the selection,valuation,pricing,medium-term financing and payment,and the later integration of resources.Thirdly,using radar chart analysis method,from the five dimensions of profitability,security,liquidity,growth and productivity,comprehensively analyze the finance performance of J enterprise's backdoor listing risk control.Finally,through the J enterprise backdoor listing risk control case,sum up the experience and draw inspiration: Among the non-ST companies that are willing to sell their shells,select high-quality shell enterprises with small equity and high concentration of shares,good financial position and high net asset value per share;Choose a backdoor listing model that does not constitute a combination of a business net shell and a reverse takeover;Selectively adopt the evaluation results of the professional institutions hired,and adjust the accounting firm in a timely manner according to the actual situation;Pay attention to the company's future development strategy formulated before the listing of the backdoor,and the backdoor listing should be adjusted in time according to the international situation and policy changes.