Research On The Impact Of China Power Construction's Overall Listing On Corporate Value Based On Resource Optimization Configuration

With the continuous development of China's capital market,the problems exposed by the early spin-off model have become more and more obvious.For example,the problems of horizontal competition and related transactions between listed companies and group parent companies,and large shareholders' encroachment on funds have affected China's group.At the same time,under the background of the reform of the state-owned enterprise shareholding system,have also continuously issued relevant documents to support state-owned enterprises to promote the reform of state-owned enterprises through the overall listing,helping state-owned enterprises to better pass the overall Listing enhances the company's overall strength.This paper first analyzes and summarizes the theoretical literature on the overall listing,resource optimization allocation and company value at home and abroad,and on this basis,introduces the theoretical basis of the overall listing and the evaluation method of the company value,so that the readers can study the content of this paper.The orderly development of enterprises and capital markets,the overall listing model has gradually become an important way to solve the drawbacks of the spin-off listing model.First,this paper Have a basic understanding;then take China Power Construction as a case analysis object,briefly introduce the basic company profile and financial status of the group parent company Power Construction Group and the listed company China Power Construction,the motivation for the overall listing of China Power Construction and the overall listing The time flow and specific operation methods are sorted out;then,the basis of selecting the underlying assets from China Power Construction,the path of resource optimization configuration in the overall listing process,and the impact of resource optimization configuration on the company value are analyzed.On this basis,It is concluded that the overall listing of China Power Construction is a relatively successful conclusion,in order to sum up the successful experience of China Power Construction's overall listing and guidance for other listed companies.Research conclusions: This overall listing is a strategic decision made by theDianjian Group from a global perspective,taking into account the company's actual development needs in the future,and considering the company's own characteristics and related external requirements to select the appropriate overall listing plan;After the overall listing of China Power Construction,the company strengthened the value chain strategy,expanded the internal capital market,and adjusted the enterprise boundaries to optimize the allocation of resources for the company,so that the newly infused eight companies could better integrate into China Power Construction and create for the company.Greater value;through the use of event research,financial analysis,economic value added method to analyze the company's value,the conclusion that the overall listing is conducive to the value of China's power construction company.