Analysis On The Financial Effect Of Backdoor Listing Of Educational Service Enterprise—Taking The Beijing Offcn Education

With the development of social economy and culture,the development of education has become the primary task of people.my country’s education service industry started as early as 1995.After decades of development,the current education service industry is huge and has an amazing growth rate.The profits of education service industry companies are increasing year by year.The overall development rate of the industry is very fast,and the number of users continues to expand.However,due to uneven quality and relatively low barriers to entry,the market competition in the education service industry is also becoming increasingly fierce,and there are gradually large numbers and overlapping business scopes.Under the market selection of the survival of the fittest,some education service companies want to break through the dilemma in fierce competition,often through the backdoor listing method to quickly expand the scale,obtain more capital,enhance visibility,and obtain better development.First,this article summarizes the concepts related to backdoor listing of companies such as shells,shell companies,backdoor listings,and financial effects,and systematically sorts out companies such as synergy effects theory,economies of scale theory,competitive advantage theory,and signal transmission theory.The relevant basic theory of backdoor listing provides theoretical support for studying the financial effects of backdoor listing of education service companies.Secondly,this article collects data,comprehensively summarizes the overall development of China’s education service industry and the backdoor listing of education service companies,and analyzes the characteristics,motivations and financial effects of backdoor listing of education service companies.Then,this paper selects the representative company in the education service industry-the backdoor listing case of Offcn Education as the research object,from the change of equity structure before and after the backdoor listing of Offcn Education,the short-term performance change of the stock market,the long-term investment value change and the financial performance change Several aspects analyze in detail the financial effects of the backdoor listing of Offcn Education.Finally,this article summarizes the successful experience and shortcomings of China Public Education’s backdoor listing,providing a good reference for other companies in the education service industry to be listed,and promoting the overall better development of the education service industry.Through research,it is found that the backdoor listing of Offcn Education has no significant impact on the internal control rights and actual controllers of the company;the excess return rate and cumulative excess return rate of Offcn Education stocks show a significant negative value,and the capital after the occurrence of the backdoor listing event of Offcn Education The market showed a negative and significant response,but the continuity was not strong,and there was an upward trend soon;the expected earnings per share continued to increase after the backdoor listing of Offcn Education,the expected price-earnings ratio gradually returned to normal,and the company’s long-term investment value was somewhat Improvement: The profitability,operating capacity and development capacity of China Public Education’s backdoor listing have been improved,but there are certain financial risks in terms of solvency.In general,the backdoor listing of Offcn Education showed a positive financial effect.The success of the backdoor listing of China Public Education is inseparable from policy support,reasonable plans formulated by enterprises,and attention to the control of various risks,but there are also imperfect information disclosure,false high market investment value,risk of policy timeliness,and scattered core competitiveness Insufficient waiting,so education service companies should treat the backdoor listing rationally.If the backdoor listing can try to find companies with different businesses of the company to cooperate,the internal shareholders should communicate more during the formulation of the plan and operation.Maybe perfect.It is hoped that through the analysis of the case of Offcn Education,it will provide a reference for the backdoor listing of the education industry.