Research On Backdoor Listing Performance

With the economic and social development of our country,education has gradually become a key industry of national concern,and the employment rate of college students in our country has been declining in recent years.The winter of employment situation brings the spring of development to vocational training institutions.However,there are many enterprises in the education industry in our country today,and the qualifications are mixed,and the products of the major training institutions are homogenized seriously.Therefore,if we want to take advantage of this industry,we must obtain development funds to realize innovation,research and development and product transformation.To meet their own development transition However,according to the examination policy of educational enterprises twice,the enterprise development cycle is short.The lack of mortgage assets requires a large number of current assets,various industry characteristics make it can not meet the traditional IPO listing,and the IPO listing audit steps are cumbersome,time-consuming,enterprises in the queue waiting for listing in the process of easy to miss the opportunity to develop,so backdoor listing becomes.It has become the best choice for high efficiency listed financing leading listed enterprises.In this paper,the financial and non-financial performance of Zhonggong education before and after its backdoor listing is analyzed objectively and deeply.Price fluctuation,at the same time with the help of enterprise index analysis of public education.Based on financial data,this paper explores the impact of backdoor listing on assets,liabilities and operating income,and evaluates the operating ability,solvency,profitability and development ability before and after backdoor listing based on financial indicators.In addition,this paper also studies the non-financial performance of Zhonggong education from the perspective of market development products and services and research and employee situation.In the short term after the backdoor listing,the company's share price rises sharply,increasing the value of the company raised shareholder income.In terms of financial performance,the total assets of the enterprise have increased exponentially after the backdoor listing,expanding the total amount of assets of the enterprise.Net profit rose sharply,the company's four capabilities were better than before backdoor listing,in non-financial skills,companies through backdoor listing to obtain funds,more conducive to the development of its outreach strategy.In general,Zhong gong education backdoor listing plays an important role in promoting the development of the company,and has a positive and positive impact on both financial performance andnon-financial performance.Overall,it is successful,and thus draws the following enlightenment.Enterprises should choose the right way of listing and choose the high quality shell capital source,and pay attention to the integration of enterprises after backdoor listing.The innovation of this paper lies in the objective use of event analysis to analyze the performance of Zhong gong education,and the use of non-financial performance indicators and performance indicators comprehensive evaluation of enterprise performance.The successful cases of Chinese public education,which has been successfully listed in backdoor since the implementation of the new regulations on backdoor listing in 2016,have some reference significance for enterprises in the industry to think about backdoor listing behavior.