Reasearch On Financial Performance Analysis Of Assets Reorganization Of Zhongmin Insurance Energy

In China's current stock market,listing qualification is an extremely scarce resource for enterprises.Against this background,most listed companies will try their best to maintain the listing qualification after special treatment.Asset restructuring has obvious advantages in improving the company's book assets quality and financial status.Therefore,asset restructuring has become the first choice for enterprises to protect their shell.With the rapid development of market economy,more and more listed companies make acquisitions,and the form also tends to be standardized.Whether it is the size of the transaction,the amount of the deal,or the number of times the assets have been restructured,there has been a remarkable breakthrough in recent years.Asset restructuring has become a magic weapon for enterprises to prevent delisting.So whether asset restructuring is a speculation of a subject matter or whether it can really improve the company's economic returns is a question that need to study.In view of the above problems,this paper first explains the related theories of asset reorganization.Taking the case of Zhongmin energy asset reorganization in 2014 as a research object,a brief introduction is given to the case company.Analyzing the background of the reorganization of China's energy assets and introduces the process of asset reorganization.Then,the event research method is adopted to analyze the short-term market performance of Zhongmin energy.The asset restructuring has had a positive effect on the company and a sharp increase in shareholder wealth.Secondly,the EVA economic value added value is used to calculate the economic value added in the four years before and after the restructuring.It shows that this asset reorganization has truly realized the good operation of the enterprise and increased the wealth of shareholders.Then using the efficiency coefficient method to analyze,from four aspects of debt paying ability,profitability,operating ability and development ability to select four financial indicators to establish a set of financial performance evaluation system,and then get a comprehensive score after calculation.This paper compares and analyzes the scores of Zhongmin energy in the past four years,and compares them with the average level of the industry.Through the study,it is found that the index scores of the enterprises are increasing year by year,the integration of debt,profit and development ability has risen continuously,and is higher than the industry average.However,the operating ability score of the enterprise continues to decline,which is lower than the industry average,indicating that the energy operation capacity of Zhongmin energy needs to be improved.Finally,on the basis of its performance evaluation,it puts forward some suggestions for its existing problems.