Case Study On Debt Restructuring Of Listed Company JZY

In recent years,with the continuous advance of China’s comprehensive deepening reform,the market economy has shown vigorous vitality.The listed real estate enterprises,taking JZY as an example,occupy a considerable proportion in China’s national economy and play a decisive role.However,due to the particularity of the real estate industry,many listed real estate enterprises have been operating in a state of high leverage and high debt for a long time,which is not conducive to the healthy and sustainable development of the national economy.Many listed real estate enterprises,due to the fierce and cruel market competition and the strict regulation of the real estate industry by the policy,have broken the capital chain,fallen into a serious debt crisis,and faced the huge risk of bankruptcy reorganization or even bankruptcy liquidation.At this critical juncture,the majority of listed real estate enterprises often choose to carry out debt restructuring activities to solve the company’s debt crisis,so that it through the difficulties.Debt restructuring can protect the interests of both creditors and debtors to the maximum extent and maintain social stability.This paper mainly adopts literature research method,case study method and other research methods,and studies the debt restructuring activities of JZY of listed companies on the basis of game theory,synergistic effect theory and economic consequence theory.Firstly,the background and process of JZY debt restructuring of listed companies are introduced in detail,and the financial performance data before and after debt restructuring are compared and analyzed to reveal the impact of debt restructuring activities on its financial performance,and JZY’s profitability and operating capacity are significantly improved.JZY then,points out that the listed company in the process of debt restructuring,such as incomplete financial statements information disclosure,long-term debt paying ability improvement is not obvious,some problems such as related party transactions and earnings management,and proposes the corresponding solution: perfecting the company internal governance structure,the certified public accountants audit work,improve the structure of assets and liabilities,strengthening supervision,strengthen the information disclosure,etc.Finally,the research conclusion of this paper is drawn: the debt restructuring activity not only enables the listed company JZY to solve the financial difficulties successfully,but also significantly improves the financial status of the company in the long run,making its operating performance to a higher level.In this paper,it is of great significance to study the case of debt restructuring successfully implemented by JZY,a listed company.Theoretically speaking,the research of this paper will be helpful to enrich the research on the content of debt restructuring.Aiming at some problems existing in the debt restructuring process of listed company JZY,scholars’ theoretical research on these problems and solutions is of great significance.In a practical sense,the study of this paper can provide some reference and reference ideas for similar listed companies,improve the efficiency of debt restructuring,help them get rid of financial difficulties,and contribute to economic development and social stability.