Research On The Motivation And Economic Consequence Of Aofei Data Technology Co.,Ltd Transfer Board Listing

The New Third Board market is an important link between the preceding and the following in China’s capital market system,and it is a trading platform for innovative small and medium-sized enterprises to carry out equity transfer and financing.With the continuous development of "New Third Board" enterprises,enterprises will seek better financing environment,to the board more conducive to the development of the capital market.But at present our country multi-level capital market lacks the related laws and regulations,the new Three Board Enterprise Board transfer board process is also not smooth.At present,although some enterprises have successfully transferred to the main board or the second board,the path,motivation and economic consequences of the New Third Board still deserve our study.In this paper,qualitative and quantitative analysis are used to compare the changes before and after the data transfer board,and finally,relevant suggestions and decisions are put forward from the perspective of the enterprise itself.The research structure of this paper is as follows: The first chapter is the introduction,introducing the research background and significance,literature review,research content,research ideas and innovative points;The second chapter introduces the concept and mode of the New ThirdBoard Company,the concept of the turning board motivation and the concept of economic consequences,through the demand of enterprises,the development of the New Third Board market and the higher valuation of the company after the board conversion,the paper makes an in-depth analysis of the driving forces of the board conversion,through the comparison of market reaction,financial performance change and stock ownership change,the fifth chapter is the turning board proposal,combined with the common problems of the turning board enterprise,put forward the corresponding proposal,the sixth chapter is the conclusion and the prospect,the research conclusion and the research prospect are put forward.This paper analyzes the causes and economic consequences of the New Third Board,through the analysis of the changes in various indicators,the following conclusions are formed:First,Aofei data board listing motivation is multi-faceted.First of all,during the period of listing on the new third board,the market scale of enterprises is gradually expanding,the performance of enterprises is increasing,and the comprehensive strength of enterprises is strengthening;enterprises need a better development platform,and the New Third Board market has been unable to meet the further expansion of Aofei data;enterprises for the Board listed on a higher valuation,Aofei data in the listing of guidance after the listing conditions have reached the standard.The above several aspects all become Aofei data to be able to be listed in a short time the motive force.Second,Aofei data although smooth board listing,access to more financing opportunities,raise more funds.But through its research economic consequences,exposed many problems,such as the high ratio of assets and liabilities,cash flow problems,low equity returns and high equity control system.all this requires enterprises to re-examine the internal,reduce costs,adjust the capital structure of enterprises,improve capital management capacity,so as to achieve the quality of enterprise development.