The Research On The Performance Of Offcn Education Backdoor Listing

In recent years,my country’s vocational education and training industry has developed rapidly and the market demand is huge.The "Civil Promotion Law"promulgated in 2016 is a milestone for the education industry.The state will begin to implement profit and non-profit for private education institutions.The classified management of the company will remove the "non-profit" obstacles for the company’s future listing.But this is both an opportunity and a challenge.In order to stand out from many competitors,companies must achieve product quality and service improvement and re-innovation,and build their own core competitiveness.However,these require a lot of funds as a guarantee.In order to pursue better development,many education companies want to use the power of the capital market to obtain funds through listing to meet capital needs and realize their strategic development plans.However,education companies in my country are still in the growth stage,and it is difficult to meet the high standards and requirements of IPO listings,and the IPO listing procedures are complicated and costly,and are not suitable for companies that want to go public urgently.Therefore,backdoor listings have become a lot of people in my country who want to go public.Another option for listed companies.This article takes Offcn Education’s backdoor Yaxia Automobile’s listing as an example.First,it introduces the situation of the two parties in the case transaction,the transaction plan,and the results of the transaction.It also analyzes the motivations of Offcn Education’s backdoor in detail based on industry characteristics.Secondly,it analyzes the reasons for Offcn Education’s backdoor from four aspects.Analyze the performance of backdoor listings.On the one hand,it analyzes the cumulative excess returns of listed companies before and after the backdoor through the event research method,and then analyzes the market performance of the company.On the other hand,it analyzes the main financial data,calculates financial indicators and based on the DuPont analysis method.Evaluate the four major capabilities of Offcn Education,including profitability,debt repayment,operation and development,and then obtain the changes in financial performance,and then use the EVA analysis method to study the changes in economic value added before and after the backdoor listing of Offcn Education,supplemented by listing at the same time The latter’s business scope and market position are used to evaluate its operating performance;finally,through the social performance analysis of Offcn Education’s backdoor listing,the performance research is supplemented and analyzed to make the effect of performance analysis more comprehensive.Finally,the research conclusions and recommendations of this article are drawn.Generally speaking,the backdoor listing of Offcn Education is a successful transaction.The performance of the company has been improved,which has accelerated the development process of the company.At the same time,it has discovered its advantages from the transaction process.Obtained recommendations applicable to other backdoor listed companies in the same industry,including the selection of backdoor resources,the determination of backdoor plans,their own business capabilities,and the integration of resources after listing to provide references for other companies.