Research On Financial Performance Of Overall Listing

In the early days of china’s capital market,the market size of enterprises in the capital market,the quality of asset quality,etc.,most companies cannot reach the listing standard.In order to enter the stock market financing,some companies will take the self-quality resources and industrial split into the subsidiary to get the lead,that is,split the listing.With the development of the domestic capital market and the gradual improvement of the modern enterprise system,the disadvantages of the split list began to appear: the equity structure is complicated,weakened the control of the company’s management;the industrial chain is too dispersion leads to the slow development of the main business;Many responsibility for blood transfusion,does not have the ability to independently operate;the associated transactions and peer competition in the subsidiary and group companies may damage the interests of small and medium shareholders.This paper uses Shuanghui Development Absorption Mercedently Completed Shuanghui Group to complete the overall listing as a case study.First,through reading the literature of relevant scholars at home and abroad,explain the relevant theory and related performance evaluation methods of the overall listing.Thereafter,the two sides of this transaction are submitted,analyzing the background and motivation of its overall listing,briefly describes the listing process.The case analysis part uses a variety of analytical methods to select a variety of indicators,and establish a comprehensive evaluation of the financial performance before and after the overall market development of Shuanghui Development.Using the event research method to analyze the market reaction before and after the overall listing;use the main component analysis method to analyze the financial performance of the overall listing;use financial indicators analysis to compare the relevant financial indicators of business and industry competitors;use EVA analysis method analysis The impact of overall listed on economic added value.This comprehensive evaluation of the financial performance impact of the overall listed to enterprises,and it will explain whether the overall listing can improve the drawbacks of spatitions,providing valuable investment recommendations for investors.Finally,through the above case analysis,the following conclusions are drawn: First,the overall listing can improve the competition of related transactions and peers,and improve shareholder wealth;the second is that the overall listing can bring synergies;third,the overall listing can improve corporate competition Force;the fourth is that the overall listing can optimize the company’s governance structure.At the same time,in conjunction with this article research,the following revelation is obtained: Before the overall listing,enterprises should choose reasonable listing mode according to their own situation.When listed on the city,companies must pay attention to whether the quality of injection of assets reaches the requirements.After the overall listing,companies should give management appropriate decision-making rights to pay attention to the information disclosure of the company.The innovation of this article is that the selection of Shuanghui Development This representative enterprise case is analyzed to analyze the overall listing of its financial performance,enriched the overall listing related theoretical knowledge,providing a reference for enterprises to list the overall listing,and explore the whole of my country’s private enterprises Listing motive,choosing the overall listing mode has a reference significance.The shortcomings of this paper is that there is a certain limitation of the selected analysis data,and there may be deviations.Second,the selected Shuanghui development case has its special industry background and its own conditions for the limited company.Finally,the author is not deep enough to analyze,not comprehensive,there are many places that need to be improved.