Case Analysis Of Yuantong Express Backdoor Listing

In recent years,China has stepped up its policy support to the express industry.China emphasizesthe encouragement of the development of express industry and financing.In the background of the development of e-commerce,the express company has achieved unprecedented rapid development in the history of express delivery industry,and the average annual growth rate of China's express industry is more than 50%.Some express delivery companies are also listed on the market from 2016 to 2017,such as Yutong,Shunfeng,Shentong and Yunda,etc.,which can be seen that the delivery industry is innovating.The express industry starts to compete and merge,and the priority delivery companies have the advantage.On September 14,2016,Yuantong express was first listed on the a-share market.After the creation of the shell,it changed its name to Yutong express.Yuantong is mainly engaged in franchising and franchising.It has advantages such as small capital pressure,quick market reaction and fast strategic transfer.In the face of the continuous improvement of performance and market size and the rush of the express industry,Yutong plans to launch a backdoor listing plan and successfully list it.Based on the case study and the development of the express industry,this paper makes an in-depth analysis on the listing of the backdoor of the express enterprises in China from the typical cases.In the case of increasingly fierce competition in the express delivery industry,Yutong express quickly seized the time of listing and realized the priority listing,which is the first listed express company listed in A shares in China.In this paper,we analyze the case of the case of Yuantong express,and introduce how to realize successful backdoor listing.We analyzed the reasons for the listing and the reasons for choosing the backdoor listing,and analyzed the risk of the backdoor listing and the method of preventing the risk before and after the backdoor listing.In the end,the conclusion is that the listing of Yutong express can be adapted to the political economy and its own development,and the company's strategy is the target,andYutong express chooses the best way of listing.Risk prevention provides a strong guarantee for the development and growth of enterprises,and the overall listing process of the express industry will accelerate the consolidation of the industry.We suggest that machine selection is particularly important,not only to fully consider the operation of the company,but also to pay attention to the risk aversion after the backdoor listing.We also suggest that enterprises should pay attention to changes in financial data such as their own performance,master the development status of express enterprises,and prepare and plan for the development of the industry.This case summarizes the successful experience of Yutong express,and provides a good reference for China's unlisted and planned express enterprises.