Research On Private Equity Financing Of Longping High-Tech

With the development of capital market and the innovation of financing tools,a variety of new financing methods have developed rapidly.Among them,the private equity financing have a characteristic of Jane were,which had higher recognition in the fields of both domestic and foreign financing,compared with other financing issue method with simple,offering low threshold,low cost and demand.On the one hand,private equity financing can improve enterprise performance,optimize corporate governance,on the other hand,it plays an important role in promoting technological innovation and optimizing social resources in China.In the situation of progressive market competition,the state has paid more attention to the development of the companies listed in agriculture,in particular the stock companies,and the company,which is listed in the stock company of the shenzhen stock exchange,has been the company of the stock market,and has analyzed the impact of the private equity financing on the company in the introduction of private equity financing in the stock industry company of shenzhen stock exchange,and provides the reference meaning for the companies financing other private equity financing modes.Based on the literature research at home and abroad,this paper applies literature research,theoretical research and case study to analyze the case of the introduction of private equity financing by longping hi-tech.Through the collection and analysis of the related announcements and annual reports of the company,this paper introduces the basic conditions,the development status of the industry and the main clauses,procedures and results of the private equity financing in longping hi-tech.Using comparative analysis,the combination of qualitative and quantitative methods,from the policy guidance,funds demand,strategic transformation demand and demand risk this four aspects analyzes the long ping high-tech introduction of private equity financing.Based on the introduction of the company's annual report,financial statement data and public announcement data before and after the introduction of private equity financing by longping high-tech,the financial effect analysis of the corporate governance structure,asset quality,cash flow quality,solvency and profitability of the company before and after the introduction of private equity financing was carried out.And then we use the event studies to analyze the accumulated excess returns before and after the introduction of private equity in the private equity fund.Finally combining the full text summary and conclusion and revelation.Through the analysis of the case of private equity financing,it is found that after the introduction of private equity financing,it meets the policy oriented demand,meets the needs of the development fund,the strategic transformation demand and the financial risk prevention demand.It optimizes corporate governance structure,improves ownership concentration and perfects the structure of board of directors.Improve the quality of company assets and cash flow quality,raise the level of debt repayment,and improve the company's financial level.After the incident,the company's share price has improved and the short-term wealth effect has been enhanced.According to the theoretical basis analysis,the conclusion is drawn,first of all,it has accurately evaluated the motivation of financing before financing,and chose private financing to promote the development of the enterprise.Secondly,it successfully chose a strategic investor and further improved the corporate governance.After that,the financing was used to raise funds and optimize the company.Financial situation,finally comply with the norms to disclose relevant information on private placement,and the short-term market reaction of financing events is positive.From the three angles of private equity financing,investors and the government,this paper puts forward some inspirations,and analyzes the deficiencies and future prospects of this paper.