Research On The Causes,paths And Effects Of Antai Technology’s Mixed Ownership Reform

Since the 19 th National Congress of the Communist Party of China proposed “actively develop state-owned enterprise equity structure reform and mixed ownership real economy,and promote a new round of state-owned enterprise restructuring and equity structure reform mixed ownership economic reform”,a new wave of state-owned enterprise mixed reform has been repeated.Being set off,state-owned enterprises have played a key role in the development of the socialist market economy and are also the focus of deepening reforms.The difference between the new round of mixed reforms and the previous round of mixed reforms is that the new round of mixed reforms emphasizes the exploration of the innovation and diversification of the mixed reform paths,rather than the single form of mixed reforms previously adopted.This article first starts from combing the relevant domestic and foreign literature,and selects the state-owned enterprise Antai Technology as the object of this case study.Through the collection of data,the analysis of the reasons for the mixed ownership reform of Antai Technology,mainly from three aspects Carry out analysis,namely SWOT analysis,synergy theory and government policy analysis,and explore the path taken by Antai Technology in this mixed reform,including the acquisition of Tianlong Tungsten and Molybdenum through share swaps,implementation of employee shareholding plans,and the establishment of Antai Environmental Company.The method of mixed reform.Then discuss the economic effects of the mixed reform from the two dimensions of financial and non-financial,including the use of traditional financial indicator analysis and event research analysis,specifically from Antai Technology’s corporate governance,investor market response,and financial performance Conduct in-depth analysis on evaluation and other aspects.It is found that Antai Technology’s mixed reform is relatively successful.Through this mixed reform,it has improved its competitiveness and promoted the segmentation of various products and businesses: it has realized equity diversification by introducing private enterprise Tianlong Tungsten and Molybdenum;Optimized the internal corporate governance through the employee stock ownership plan,and realized the community of interests between owners and workers;through the establishment of Antai Environmental Co.Ltd.,it seized development opportunities and moved into the environmental protection industry.The mixed reform of Antai Technology has brought a better market response,has set a new model for the reform of state-owned enterprises in the future,and has become a new way to promote the mixed reform of private enterprises.In addition,whether the mixed ownership reform can guarantee the safety of state-owned assets during the implementation process and whether state-owned enterprises can fully release the management vitality of private enterprises after the mixed-ownership reform,Antai Technology also gives a typical reference.