Research On The Performance Of Backdoor Listing Of New Energy Vehicle Enterprises

As the global energy shortage and environmental pollution become increasingly serious,the development of new energy vehicles has become an important strategic measure to cope with environmental change and promote green development.In order to promote the development of China’s new energy vehicle industry,the government introduced the new energy vehicle subsidy policy in 2009,but the subsidy intensity has been decreasing year by year since 2016.The subsidy policy highlights the "supporting the superior and supporting the strong",and the subsidy policy will be completely cancelled in 2022.At present,the new energy vehicle enterprise is still in the development stage,the research cycle is long and the research capital is large in the early stage,the enterprise needs to raise more funds to support its development,choosing listing financing as one of the main means.IPO listing requirements are more and the approval procedures are complex,in order to successfully listed,enterprises will choose "backdoor" listing,which is a slightly easier way to enter the capital market.By studying the listing and post-listing performance of Company A’s backdoor "Chengdu QF",this paper discusses whether "backdoor" can provide enterprises with "blood transfusion" financing and relieve capital pressure under the situation of continuous decline of government subsidies,which has certain practical significance.This paper adopts literature research,case study,comparative analysis and other methods to study the performance of A company’s backdoor listing.This paper is divided into five chapters: the first chapter,introduction,mainly introduces the research background and significance,research status at home and abroad,research content and methods;Chapter two,the concept and theoretical basis of backdoor listing;The third chapter,A company backdoor listing case analysis,analysis of the two sides of backdoor listing,backdoor path and backdoor motivation and the industry development status of new energy automobile enterprises;The fourth chapter,A company backdoor listing performance evaluation,using the balanced scorecard and entropy method to analyze the listing performance;The fifth chapter,A company backdoor listing existing problems and optimization suggestions;Chapter six,research conclusion and enlightenment.The research in this paper shows that backdoor listing does not bring long-term positive financial benefits to Company A and does not relieve the financial pressure.New energy vehicles should start from themselves,promote enterprise reform,improve their profitability,and bring vitality to enterprises.However,because it is a case study,there are some limitations.