Research On The Financial Effect Of Asset Injection-type Private Placement Of Axle Technolog

In the expanding field of financing,private placement has increasingly become a key form of refinancing for enterprises due to its simplicity,speed and few restrictions.The asset-injection directional additional issuance can take advantage of the dual advantages of enterprise investment and acquisition at the same time,affecting the company’s equity structure,asset composition and scale,and then involving the company’s business development and management methods,thus reflecting the short-term changes between the company’s efficiency and social-economic effects.Therefore,the use of asset-injected directional additional issuance can help enterprises further change the industrial structure,integrate resource advantages,and make them compatible with the socialist market system in the new era,so as to achieve the purpose of long-term and healthy development.Some companies have used this method to improve their financial efficiency,but there are also many companies whose stock prices have been falling after the private placement,and the impact on the company’s financial effect needs to be further studied.This paper first sorts out the research results and methods of predecessors in the fields of private placement,asset injection,and financial effects,and forms a new research framework to study the financial effects of asset-injected directional additional issuance from the perspective of transaction entities,and takes the acquisition of Sino Mach Precision by Zhouyan Technology in 2017 as an example,deeply analyzes the background,objects and motives of private placement,analyzes the quality,market response and financial indicators based on factor analysis.Then,based on EVA,the financing effect of this private placement was discussed in depth.The results of this study show that the asset quality of this private placement is poor,and the synergy effect is weak.The short-term market value of this private placement has increased the share price of Zhouyan Technology,and its solvency has increased significantly,but its long-term financial effect has not been significantly improved,so this private placement of Zhouyan Technology is a kind of decay.This paper mainly analyzes the actual situation of asset-injection directional additional issuance of Zhouyan Technology Company,in order to provide some references and references for the introduction of future regulatory measures,the synergistic application of capital integration by listed companies through capital injection directional additional issuance,and the increase of financial effects to promote the long-term development of listed companies.