Analysis Of Financial Effects Of Backdoor Listing Of HEILAN HOME

In China,the standard of IPO is strictly,and the approval process is cumbersome.Therefore,many enterprises with listed demand can't meet the standard of IPO,and then they will choose backdoor listings.Backdoor listing is the enterprise uses the high quality of shell resources and achieve the purpose of the public,since 1997,our country began to boom,during this period,the emergence of lending market,the securities and futures commission the moratorium and delisting system promote the development of the backdoor listing.On the one hand,the backdoor listing broadens the way of listing and shortens the time of listing.On the other hand,the backdoor listing has optimized the resource allocation and accelerated the development of China's capital market.Therefore,in the context of the rapid development of backdoor listing,the financial effect of private enterprises in China is analyzed,which has certain guiding significance for other enterprises that are ready to go public.The fourth part of this paper analyzes the financial effect of the backdoor listing of HEILAN HOME by taking the case of CSTCO as an example.The effect of the backdoor listing was analyzed mainly from the financial indicators,and the financial performance of the HEILAN HOME was compared and analyzed,and its financial results were compared and analyzed.The influence of capital structure on capital structure is analyzed from the change of total capital scale and control of controlling shareholders.The paper analyzes the asset quality of the enterprise after the backdoor listing from three aspects: the profitability of the assets.This paper analyzes the market reaction of the backdoor listing from three aspects: the long-term stock value of shareholders' wealth effect and the effect of information announcement.In this paper,with the support of relevant theories,from the perspective of trading main body,through the backdoor listings to study the effect of financial analysis,it not only has theoretical significance but also has important practical significance,also hope to other enterprises have certain reference value.Research results indicate that the HEILAN HOME backdoor CSTCO to realize the post-marketing both in performance and asset quality are improved,implements the positive financial effects.