Research On The Financial Performance Of Greenland Group Backdoor Listing

After the reform and opening up,with the continuous improvement of China's socialist economic system,the domestic economy has also achieved rapid development.By January 13,2020,There are 3,781 listed companies in Shanghai and Shenzhen with a market value as high as 61.61 trillion yuan.On the contrary,the real estate industry faces unprecedented challenges: on the one hand,the domestic economic growth rate has begun to slow,and the national enthusiasm to buy homes has subsided.On the other hand,the government constantly introduced the real estate industry regulation policies.However,the real estate industry is characterized by large investment and long recovery cycle.If it is confronted with a similar event like the NOVEL coronavirus in 2020,it is likely to break its capital chain in a short time and face bankruptcy crisis.Compared with IPO,backdoor listing has the advantages of easy approval,fast review and low cost,and can also provide publicity channels for the company,making it the best target for companies in need of financing.However,there are many examples of backdoor failure caused by mismanagement or other reasons.Therefore,how to improve financial performance and achieve the future strategic goals while going public through backdoor is an urgent problem for enterprises.The selection of this topic can not only provide materials for academic research on backdoor listing,but also provide some references for would-be backdoor companies when choosing plans,so as to better reduce potential risks,improve financial performance,and make backdoor listing more effective.In this paper,Greenland group backdoor jinfeng investment listed as the research object.By means of literature analysis,relevant literature at home and abroad is collected,summarized and evaluated,and relevant theories of backdoor listing and financial performance are introduced,which are taken as the basis for the following analysis.Using case analysis method,taking Greenland group backdoor listing as a case,this paper introduces the basic situation of participation,and makes a detailed analysis of its backdoor listing motivation,financial risks and events.The financial indicators of debt paying ability,profitability,operation ability and development ability are selected to analyze the financial performance of Greenland group before and after its backdoor listing from both vertical and horizontal perspectives.Finally,standing on the summary of all case Angle,summed up respectively from shell,shell companies and government departments to promote a shell company financial performance of the three Angle revelation,and put forward from the perfect financial risk management,optimize the business structure Angle increase green space group's financial performance Suggestions,hope to help green groups and other enterprises.