| The development of the economy will inevitably lead to the full-speed deepening of urbanization,and the income and living standards of the residents will also rise.An integral part of people’s pursuit of a high quality of life.The home furnishing industry is a post-cycle industry of the real estate industry,and the development dynamics of the two are inseparable.The renovation of new houses and the renovation of old houses are the source of consumption of the home furnishing industry,which has led to the decline and prosperity of the real estate industry,and the speed of development has a positive impact on the future progress of the home furnishing industry..After 2010,due to the pressure of national policies,the era of stock houses has come,and the proportion of house decoration has increased,which is both an opportunity and a challenge for enterprises in the home furnishing industry.The transition from a seller’s market to a buyer’s market will usher in new changes in the home furnishing industry.Due to changes in market demand,industry competition will become more intense.At the same time,the integrated online and offline sales methods have gradually become mainstream.How to approach new retail Transformation has become urgent.In order to survive in such a fierce market competition and occupy a corner,the three conditions of products,channels and talents are indispensable,and the source of support for all these development is a large amount of funds.Therefore,in recent years,home furnishing enterprises want to obtain more financing by landing in the capital market,so as to support the rapid expansion of enterprises,form their own sphere of influence,and achieve the purpose of long-term development.The IPO listing review is stricter,takes longer,and requires more capital.For companies that want to seize the market faster and achieve listing within the best listing time,backdoor listing is undoubtedly a better choice.This paper takes the case of Easyhome’s backdoor listing of Wuhan Zhongshang as an example,and analyzes the reasons for its backdoor listing from the perspective of SWOT,so as to study the performance brought about by its backdoor listing.First,discuss and analyze the background,purpose and significance of this paper,write the research content,ideas and methods of this paper,and sort out and comment on the relevant literature;secondly,the related concepts and theoretical basis for studying the motivation and performance of backdoor listing The conclusion and summary are made to pave the way for further research below.Then,the selected cases in this paper are introduced,and the motivation of backdoor listing is analyzed based on SWOT analysis method.Then,the corresponding methods are used to analyze the market,financial and non-financial performance,and it is found that backdoor listing has a positive impact on corporate performance,but it is still necessary to pay attention to the risk of long-term debt.Finally,it points out what other home furnishing companies can learn from the backdoor listing,and puts forward suggestions and prospects for the transformation and development of the pan-home furnishing industry: enterprises need to adapt to the development of the times,explore favorable platforms,accelerate the transformation of new retail strategies,and at the same time need to pay close attention to the industry Policies,combined with corporate strategic goals,correct backdoor motives,and the selection of backdoor listing plans and shell companies needs to be reasonable and efficient.The purpose of this case study is to provide some references for companies in the home furnishing industry that are preparing to go public. |