Analysis On The Performance Of GCLSI Backdoor Listing

Backdoor listing is also known as “reverse acquisition”.Enterprises that want to backdoor listing acquire the status of listing by purchasing the equity of listed companies,and then inject their own assets to achieve the purpose of listing.Western countries began to implement backdoor listing in 1934.Because of the low cost and high success rate,it is more and more popular.Since 1993,Shenzhen Bao an Yanzhong industrial backdoor listing in China,backdoor listing has been used more and more because of its relatively low cost,relatively wide requirements compared with IPO listing and relatively short implementation time.The scientific and technological enterprises refer to the enterprises that mainly focus on research and development and aim at innovation,and finally form high-tech products.The development of scientific and technological enterprises has greatly promoted the reform and innovation of social economy and the progress of human science and technology,and made important contributions to the sustainable development of social economy.Our country attaches great importance to the development of technology-based enterprises.The case of backdoor listing of technology-based enterprises has also attracted people's attention and widespread concern.Many problems related to backdoor listing need to be studied.Based on the above thinking,this paper takes GCLSI Integrated Technology(after referred to as GCLSI integrated)backdoor listing as the research object.On the basis of investigation,data collection,classification and analysis,it analyzes the case of GCLSI integrated backdoor listing with three analysis methods: literature research,case study and qualitative and quantitative research.First,it defines the backdoor and backdoor listing performance,the main content of backdoor listing performance and the concept of backdoor listing performance evaluation method.Secondly,it introduces the case of GCLSI integrated backdoor listing in detail.In the case study,the paper first analyzes the main sources of GCLSI's backdoor listing performance,and then analyzes GCLSI's profitability,debt paying ability,operating ability and growth ability in the past five years by using the financial index analysis method.It finds that GCLSI's operating ability has improved greatly in a short period of time,and backdoor listing brings GCLSI Positive impact.Thirdly,we use event analysis,stock price analysis and comparative analysis to analyze the non-financial performance of GCLSI,and draw the conclusion that GCLSI has increased the wealth income of shareholders,promoted the contribution to the employment of the society,increased the core competitiveness and broadened the main business,and explained in detail the impact of GCLSI backdoor listing on performance.This backdoor listing solves the financing problem of GCLSI group,enhances the competitiveness of GCL integration,realizes the goal of entering the market quickly,maintains the position of market hegemony,and realizes its own strategic goal,so it is a relatively successful backdoor listing.However,in the performance analysis,we found some problems that need to be prevented,such as the weak profitability of GCLSI integration,the poor operation,the continuous increase of debt and the decrease of non operating income.In view of these problems,this paper gives some suggestions.This paper studies the success of GCLSI ‘s backdoor listing,solves the financing problem of gclsi group,and enhances GCLSI's competitiveness.It has achieved the goal of entering the market quickly,maintained the position of market hegemony and achieved its own strategic goal.With the development of China's economy,many enterprises want to go public through backdoor.The main reason is that the backdoor listing time is short,and the audit period and requirements are not so strict compared with the direct listing.Backdoor listing can speed up the growth of enterprises and shorten the time of listing.In terms of policy,the state also has certain preferences and help for backdoor listing.In this case,GCLSI integration has successfully listed on the back door,but there are still problems to be prevented.There are some problems in the change of GCLSI's backdoor listing performance,such as the weak profitability,the poor operation,the continuous increase of debt and the decrease of non operating income.In view of these problems,GCLSI integration can actively improve the profitability of enterprises,improve the asset structure,establish a good corporate image,alleviate the adverse effects of debt,reduce debt and expand the sources of financing channels and income.When selecting shell resources,technology-based enterprises should consider the market value,equity and asset liability ratio of shell resources.Try to choose non ST listed companies.Before borrowing,you should fully understand the operation status and performance level of shell companies.Gclsi can rovide valuable reference for enterprises in the same industry.In conclusion,this paper takes the case of GCLSI 's backdoor listing as an example to analyze the performance of GCLSI 's backdoor listing in order to provide some reference for the technology-based enterprises.