Analysis On The Effect Of Private Placement Issuance Of FHTX

The China securities regulatory commission(CSRC)issued the "measures for the administration of securities issuance of listed companies" in 2006.Since then,a series of problems of private placement have been restricted by law.Due to the advantages of private placement financing mode,such as low conditions,low cost,convenient price system,and no constraints on the scope of private placement,etc.So many distribution companies like it.According to the analysis of the data of wande,the important form of equity refinancing of listed companies is private placement.It is necessary to explore the issues of private placement and operating income of listed companies.After sorting out and summarizing relevant documents and books,this paper summarizes all relevant theoretical research reports at home and abroad on the concept of private placement,and analyzes the background of its emergence and current situation.In addition,based on the enterprise's financial reports and other relevant information,this paper takes beacon communications company as the case to analyze its operating income after private placement by combining theory and case.However,since 2009,the company has been carrying out private placement repeatedly.In 2009 and 2012,private placement was carried out once each,and twice in 2015,followed by the announcement of a new private placement scheme in 2016.Therefore,based on the current situation of enterprises,this paper makes a profound study on the effect of private placement on corporate operating performance.This paper focuses on whether the problem of cash flow is caused by the implementation of private placement,first understanding the problems of enterprises in cash flow,then comparing and analyzing financial performance and capital market performance before and after the implementation of private placement,and studying the impact of operation and management on enterprise cash flow.This paper makes an in-depth analysis of the factors that affect the operation efficiency of enterprises and the effect of private placement.After such a wide range of exploration,this paper explore the lack of cash flow in enterprise management,low efficiency and inventory turnover,accounts receivable recovery speed too slow,etc.The lack of all kinds of business management,and aiming at the above a series of problems to give the relevant solutions and Suggestions,will counteract the communication edge to consider in this paper.This article will fire communication before and after the purchase,the financial performance of a comprehensive system,compared the performance before and after the capital market,and parse the private placement for all aspects of the assets and business,put forward the enterprise problems at present,for the investors to the company's actual business situation and financial aspects to make in-depth study,to give Suggestions for its future development direction.