The Motivation And Financial Ana Lysis Of Backdoor Listing Of Electronic Components Manufacturing Industry

The spread of artificial intelligence technology and the popularity of electronic wearable devices have made electronic products an indispensable part of people’s lives,and the competition in downstream industries has become fiercer.In order to solve the financial shortage caused by the expansion of scale,listing has become a financing expansion for many enterprises.Means of the channel.In China,the two main listing channels are IPO and backdoor listing.The IPO conditions are strict and the time is long.It is a way of favoring large companies with strong capital and strong comprehensive strength.The conditions for backdoor listing are relatively loose,and the time to market can be shortened.It is the way more and more companies choose.The number of successful companies listed on the backdoor is not large.It is even more difficult to use the backdoor listing to fully meet the expectations of the company.It is necessary to pay attention to the problems that may exist in the backdoor listing of enterprises,and then use the method of backdoor listing to achieve the expected goals of the enterprise.This article takes Triumph Lead’s shellfish magnetic material as an example,and combines theory with case study to study the motives of enterprise backdoor listing.The motivation for Triumph Lead’s backdoor listing includes the platform for obtaining direct financing,breaking the financial barriers;achieving scale expansion and improvement.Core competitiveness;seize the opportunity of ―fast listing + industrial integration‖;achieve synergy,reduce production costs;increase corporate visibility.The reasons for the sale of JPMF GUANGDONG CO LTD Group magnetic materials include avoiding competition in the same industry,achieving the company’s development strategy,expanding market share,improving business operations,achieving customer and product synergy,providing integrated services,and achieving synergy between management and R&D technologies to improve production efficiency.Through the analysis of the horizontal and vertical operating indicators of the enterprise,it is found that the solvency of the company after the listing is reduced,which is not enough to pay the interest of the enterprise debt;the profitability of the enterprise is poor in the short term;the operating capacity of the enterprise is strong,but the accounts receivable The turnover rate of the company has been lower than that of the competition companies in recent years;the operating profit growth rate and net profit growth rate after the listing are both negative,and the development ability is not optimistic.From the market value indicator,the market value of the company after the listing of the company is better than that before the listing.After the listing,the stock price has increased sharply and the price has fallen to the possibility that the stock may be overvalued or undervalued.The problems with the listing of the company’s backdoor include the lack of synergy,the lack of management ability and the complicated trading patterns.Enterprises can solve problems by standardizing the process of resource integration,improving the management system of current transactions,and actively implementing the disclosure of transaction nature.Backdoor listing is indeed a good way to expand financing channels,increase corporate visibility,and achieve scale expansion.However,it may not be completely effective in achieving synergy effects,enhancing corporate competitiveness and improving corporate profitability.It is necessary to be able to detect possible existing The problem,and a good solution to make the effect of the backdoor listing better,I hope that the research in this paper can provide some reference for the backdoor listing.