Study On The Financial Performance Of HLA's Backdoor Listing

With the continuous development of China's reform and opening up,the market economy is becoming more and more perfect,and private companies are springing up.In recent years,some private companies began to close to the capital market,through the means of listing to obtain financing channels to achieve the purpose of capital expansion and economies of scale.Compared with state-owned companies,private companies are faced with more stringent access mechanism in choosing IPO,so private companies often choose backdoor listing as another way out for financing.Affected by the economic environment,the performance of clothing companies is mediocre,economic growth slow.Among the apparel sales companies listed through A shares,HLA is The few companies that make money by relying on their main businesses set an example of innovation and breakthrough on the way of backdoor listing for other companies in the same industry.This paper mainly from five parts to elaborate the backdoor listing.First,review the research status of the same industry and other industry companies at home and abroad,put forward the research methods,research framework and innovation points of this paper.Second,on the basis of theory,collate the related theories of backdoor listing and financial performance.In concept,the related concepts of backdoor listing are clearly defined,and the mode of backdoor listing and the evaluation method of financial perfonnance are summarized.Thirdly,it introduces the transaction background and reorganization scheme of the main body of the HLA backdoor listing,and analyzes the motivation of the backdoor listing in detail.Fourth,the HLA company to borrow the shell The analysis of financial performance before and after the city is also the main part of the paper.By means of event analysis and financial index analysis,it is concluded that HLA can effectively improve its financial performance by selecting suitable shell resources and the mode of backdoor trading.Fifthly,this paper puts forward the related suggestions to the backdoor listed company in the financial aspect,hoping to provide the reference and reference to the same industry or other industry company on the way of the backdoor listing.Based on the analysis of the data before and after the backdoor listing of HLA Company,this paper analyzes the impact of backdoor listing on the financial performance of the company,and discusses how to improve the company after the backdoor listing.financial status At the same time,this paper provides a reference and reference for the same industry or other industry companies in the backdoor listing,can find the financing model suitable for their own development more easily and quickly.