A Study On Asset Restructuring Performance Of Chinese Listed Companies

Since21st century, as China’s economic linkages with the world economy continueto strengthen, it requires enterprises, especially listed companies to improvecompetitiveness, profitability and innovation to meet escalating business competition.This requires listed companies as the main active securities through the capital marketsoperate in a variety of means to achieve sustainable development. Thus, in recent years,mergers, acquisitions, transfers and other activities continue to occur.This paper describes the reorganization of assets on the basis of relevant theories toSichuan New Hope Agribusiness Co., Ltd.2011major asset restructuring cases for thestudy, analysis of its restructuring process and the effects, in order to provide referencefor domestic listed companies.New Hope shares are an asset restructuring includes asset replacement, issue sharesto buy assets and asset sales of integrated asset reorganization, restructuring obtain acertain effect, corporate profitability, solvency, operational capacity and ability to growhave been given significantly improved, the parties involved in the reorganization havebeen tangible benefits, but in the future will depend on ability to achieve furtherintegration of sustainable development. For the future development of New Hope shares,this article suggests, first thing to do bigger and stronger trade in raw materials,guarantee supply of raw materials; secondly to optimize the industrial chainconfiguration, operational risks; Third, we must adjust the product structure andimprove profitability; Fourth, we should increase service transformation, improve theefficiency of the industrial chain; fifth to strengthen the scientific and technologicalinnovation, leading the industry development; Finally, expand foreign markets, enhanceinternational competitiveness.