Case Study On Bankruptcy Reorganization And Re Listing Of State Machinery Heavy Equipment Group Co.,Ltd

In 2015,the famous state-owned enterprise Erzhong Group heavy equipment Co.,Ltd.applied for delisting due to serious insolvency,which became the first case of active delisting in China’s A-share market.Only five years later,it reappeared on the Shanghai Stock Exchange under the title of state machinery Heavy Equipment Group Co.,Ltd.Since it has strength,why did it have the problem of serious insolvency?How can it not only turn losses into profits,but also achieve performance growth in such a short time? And how did it perform after it was re listed? These are the focus of this paper.Using the case study method,this paper mainly studies the process of State machinery Heavy Equipment Group Co.,Ltd.from listing loss to delisting reorganization and then to re listing.Firstly,the major events in this process are sorted out in chronological order,and then divided into three parts for specific analysis.The first part discusses the reasons for the bankruptcy of the company,mainly from the internal and external environment.It is understood that the bankruptcy and delisting of the enterprise is caused by the interweaving of many factors,such as macroeconomic downturn,industrial policy changes,the company’s own poor management and improper financial management;The second part explores the reorganization path of the company,mainly from the three perspectives of the helper China Machinery Industry Group Co.,Ltd.,the creditor financial institution and the self rescuer State machinery Heavy Equipment Group Co.,Ltd.It can be concluded that the success of the company’s bankruptcy reorganization is the result of the joint efforts of many parties,especially the great help given by China Machinery Industry Group Co.,Ltd.and continues to this day;The third part analyzes and evaluates the reasons for the company’s re listing and the effect of bankruptcy reorganization,tells the company’s choice of re listing based on three reasons,and studies and judges its risk early warning indicators,ability indicators and comprehensive indicators in combination with the financial data after the company’s reorganization to listing.Based on this,it comes to the conclusion that the effect of the company’s re listing is generally satisfactory,but there are also some changes that need to be vigilant.Finally,it is three conclusions and three enlightenment based on the previous research.