Operational Performance Analysis Of Dazu Laser Splitting And Listing New Third Board

With the continuous development and improvement of China’s domestic capital operation market,split listing has attracted more and more attention of business managers.At the same time,due to the continuous expansion of the new third board,the number of enterprises choosing to split and list on the new third board is increasing.Compared with the main board and GEM,the requirement of splitting and listing on the new third board is lower and the restrictions are less.Many enterprises choose to splitting and listing on the new third board in order to obtain new financing channels,enhance their competitiveness and resist malicious acquisitions in the market.In view of the continuous expansion of the trend of the listed companies to separate their subsidiaries from the new three-board listing,it will inevitably bring some problems,so it is necessary to study the new three-board listing of listed companies to separate their subsidiaries.From the case process of Dazu laser splitting subsidiary company’s new three-board listing,the company’s development situation and the benefits of splitting,this paper analyses the changes of parent company and subsidiary company’s ability of repayment,development and operation before and after splitting.In addition to promoting the improvement of the management level of subsidiaries,enhancing the market competitiveness of enterprises and obtaining more funds,listed companies will also promote the development of parent companies,realize the optimal allocation of resources of parent companies,obtain new financing channels and enhance the value of parent companies.However,if the development of the separated subsidiaries is not good,it will bring adverse effects to the operation and development of enterprises.This paper draws a conclusion from the case of Dazu Laser Splitting Subsidiary Company’s listing on the new third board that the parent company’s splitting subsidiary company’s listing on the new third board has more advantages than disadvantages.It can obtain more funds for the development of the enterprise and enhance the core competitiveness of the enterprise.At the same time,it finds some unfavorable factors of the split listing,and puts forward some suggestions for the future listed companies to split the new third board and the regulatory authorities,hoping to play a certain reference role.