Case Study Of Pingdingshan Coal Group's Bankruptcy Reorganization

The system of bankruptcy reorganization began in Britain and was gradually accepted and applied by countries with the development of globalization.Overcapacity is one of the three major difficulties facing our economy at present.In recent years,China has been committed to solving these massive zombie enterprises.In 2016,the central government explicitly requested 345 zombie enterprises to be disposed of within three years.President Xi Jinping once again stressed the importance of dealing with zombie enterprises at the meeting of the central financial leading group on February 28,2017,indicating that zombie enterprises should be dealt with unswervingly.Premier Li Keqiang also repeatedly stressed in the 2017 government work report that zombie enterprises should be dealt with unswervingly,demonstrating the strength and determination of the central government in dealing with zombie enterprises.After 2000,international academic research on zombie enterprises began to appear,while domestic academic research on this aspect is very scarce.Through a comprehensive study and summary of the relevant literature of zombie enterprises at home and abroad,this paper combines the case of Pingmei Group,and puts forward a zombie enterprise identification method that can conform to China's reality and market system,and provides new ideas and solutions for state-owned coal enterprises to solve the problem of overcapacity through bankruptcy reorganization.The research object of this paper is the bankruptcy reorganization of Pingmei Group,which is analyzed by case study.It can be roughly divided into five parts.The first part mainly introduces the research background and significance of the paper,and then reviews the research literature on bankruptcy reorganization of domestic and foreign scholars,then introduces the research methods of the article,and finally introduces the writing structure of this article;the second part introduces the related concepts used in this paper.The third part introduces the background and process of Pingmei Group's bankruptcy reorganization case,explains the necessity and urgency of the bankruptcy reorganization of Pingmei Group from the industry background and the time background,and explains the process and future plan of the bankruptcy reorganization of Pingmei Group.The fourth part is the analysis of the bankruptcy reorganization case of Pingmei Group,pointing out the restrictive factors and coping strategies of Pingmei Group during the bankruptcy reorganization,and proving the effectiveness of the bankruptcy reorganization of Pingmei Group by comparing the changes of various financial indicators.The fifth part is to summarize the main conclusions of the study,and put forward more targeted suggestions for zombie enterprises in overcapacity industries to carry out mergers and acquisitions,so as to realize the success of mergers and acquisitions and rejuvenate zombie enterprises.