Shell Resource Value Assessment From The Perspective Of Borrower's Income

With the development of the enterprise itself,many companies will strive to enter the securities market.Although in recent years,IPO audit speed has been accelerated,but the backdoor listing is still shorter than the time to go through the IPO listing,the success rate is high.Some outstanding enterprises outside the securities market need to absorb the financing to promote the development of funds through the listing.However,the backdoor listing is easy to breed insider trading and other adverse market phenomenon,the China Securities Regulatory Commission for the backdoor listing of the increasingly stringent regulatory measures,also launched a variety of new measures and,at present,because the registration system has yet to be introduced,so many companies targeting the last chance for the backdoor listing of the way into the stock market.With the promulgation and implementation of various policies,the value of shell resources will inevitably return to the rational range.Therefore,we must grasp the decisive factors of the real value of the shell resources and scientific evaluation methods,scientific measure the reasonable value of shell resources.This paper will do the analysis of the causes,the backdoor listing of the operation mode,to sort out the relevant literature,analyze the sources of value of shell resources,analysis of shell resources can bring value from the angle of the backdoor,hoping to provide reference value for the backdoor listed in making related decisions.The article will be combined with the Yuantong Express backdoor case analysis to its suits,the shell resource value is divided into three parts,namely through the backdoor restructuring available circulation right value,raise capital investment in construction projects increased revenues and reduce the value brought by the preferential tax policy of tax.Then the three parts were assessed separately,the sum of the value can be regarded as the value of backdoor listing through the backdoor can be obtained.This article is divided into seven chapters: the first chapter is the introduction,including research background and research significance,research content and research methods;the second chapter is literature review,including the review of the Chinese and foreign resources value analysis theory;third chapter carries on the elaboration to the backdoor listing,backdoor listing of the concept,motivation,mode of operation and process;the fourth chapter shell resource value analysis theory,including the shell resource value definition,value source,value trend analysis;analysis and selection of evaluation method of the fifth chapter of shell resource value.This paper analyzes the value of shell resources from the angle of backdoor,and determines the evaluation method of shell resource value.The sixth chapter is the analysis of Yuantong Express backdoor backdoor dowin case,from the perspective of Yuantong express,shell resource value analysis and valuation.The seventh chapter is conclusion and prospect.This chapter summarizes the main conclusions and shortcomings of this paper,and forecasts the value of the shell resources in the backdoor listing.