Study On The Financial Performance Of Backdoor Listing Of BQ

In recent years,China’s new energy vehicle industry has developed rapidly,which has been favored by traditional automobile industry and crossover enterprises.However,the new energy vehicle industry has gradually shifted from the flow era to the inventory era.With more and more enterprises joining this emerging industry,the market competition of new energy vehicles is becoming increasingly fierce.In addition,new energy vehicles belong to a capital-intensive industry.With the continuous decline of government subsidies for new energy vehicles,new energy vehicle enterprises,which are in urgent need of a large amount of funds for structural adjustment and research and development investment,listing seems to be an important means to seek long-term development.Therefore,this paper selects BQ Company as the representative of new energy vehicle enterprises and analyzes the financial performance of backdoor listing of enterprises under the background of the successful backdoor listing of BQ Company.Firstly,the introduction part mainly introduces the research background and significance of this paper,summarizes the research literature at home and abroad,and finally expounds the research content and methods of the full text.Secondly,the concept and related theories of backdoor listing are introduced.After that,the background of backdoor listing of BQ Company,a new energy company,is simply sorted out and the status analysis of its financial performance is carried out.Finally,event study method,financial index method and factor analysis method are used to analyze the short-term,long-term and comprehensive financial performance of backdoor listing of BQ Company.Finally,the impact of backdoor listing on financial performance of BQ Company is obtained.It can be seen from the conclusion that the financial impact of backdoor listing of BQ Company is both positive and negative.Among them,the positive effects are as follows:the initial display of synergies and the enhancement of core competitiveness;The expansion of financing channels has alleviated the financial pressure caused by the decline of subsidies and increased the investment in research and development technology.Strategic planning,expand the industrial layout,improve the market share.The negative effects include: the shareholder’s wealth does not increase in the short term;The rapid expansion of corporate debt at the same time the rapid growth of financial risk;The comprehensive strength of the enterprise is relatively weak.Through the research and analysis of this paper,relevant suggestions are put forward on the negative impact of backdoor listing,and the positive impact of backdoor listing of BQ Company is summarized,so as to provide a certain direction for the strategic development of BQ Company in the future,and provide reference significance for new energy vehicle enterprises that want to reorganize by backdoor listing at present.