Anhui Construction Engineering Overall Listing Performance Research

In the early stage of capital market development in China,the conditions of listing of enterprises are more stringent,most enterprises are difficult to meet the standard of listing,so some large group enterprises are separated and listed by separating their own high quality assets.However,in recent years,such drawbacks as interbank competition brought about by split listing have become increasingly prominent.In this market environment,the overall listing has been proposed by some scholars,which provides a new way to finance those large state-owned enterprises with difficult listing.With the development of the capital market,the whole listing not only solves the disadvantages brought by the split listing,but also plays an important role in improving the performance and synthesis of those enterprises through the whole listing Competitiveness.Since 2015,the state and local have issued relevant documents one after another,hoping to smoothly promote the development of the overall listing in the capital market under the guidance of relevant policies,and the overall listing model has gradually become the main way for the mixed restructuring of state-owned enterprises.This paper chooses Anhui Construction Engineering as the case study object,and focuses on the analysis of Anhui Construction Engineering's performance changes after the overall listing,in order to provide some reference significance and reference value for the state-owned enterprises listed as a whole.This paper adopts the research method based on theoretical research combined with practical case analysis.Taking Anhui Construction Engineering as the research object,taking the impact of the overall listing on the performance of Anhui Construction Engineering as the analysis focus,through the analysis of the company performance changes.First of all,this paper expounds the research background and significance of Anhui Construction Engineering's overall listing,summarizes the relevant concepts and theories,briefly summarizes the Anhui Construction Engineering's overall listing plan and its process,and analyzes the performance changes before and after Anhui Construction Engineering's overall listing through three performance evaluation methods: financial performance,non-financial performance and market performance analysis.Adoption of traditional financial indicators and EVA economic value added points.The results show that the financial performance of Anhui Construction Engineering has been improved,and the profitability and solvency need to be further strengthened.The non-financial performance analysis shows that the comprehensive quality of Anhui ConstructionEngineering employees has been improved,the corporate governance structure is more perfect than before listing,and has stronger industry competitiveness.Finally,it summarizes and evaluates the experience and deficiency of Anhui Construction Engineering after the whole listing,and puts forward the corresponding countermeasures according to the problems existing after the whole listing of Anhui Construction Engineering.