Research On The Performance Of Aosaikang Backdoor Listing

In recent years,China's capital market has developed rapidly and the market competition has become more and more fierce.The speed of rural urbanization and the overall health demand have increased significantly.China has entered a new era of rapid population aging,policy support and Internet environment.More and more enterprises and investors are optimistic about the performance of pharmaceutical companies after listing.Compared with the initial listing,backdoor listing has the advantages of short cycle,simple process and cost saving.It can not only enhance resource integration,but also promote capital growth,which is conducive to the development and growth of the company.This paper takes aosaikang's successful backdoor listing as an example,clarifies the process of aosaikang's backdoor listing,combs the general situation,listing process,motivation and risk of the buyer and seller's enterprises,and evaluates the performance of aosaikang's backdoor listing from two dimensions of market performance and financial performance based on event research method and accounting index method.It is found that the motives of aosaikang's backdoor listing are mainly policy opportunities,time of listing,arbitrage opportunities and expansion of financing channels,while the risks it faces mainly focus on market risks,management risks and compensation risks;from the perspective of short-term market performance,after the news of aosaikang's backdoor Oriental New Star Plan is released,the market recognizes aosaikang's backdoor behavior and aosaikang In order to meet the market investment demand,it has also obtained good stock returns,with a positive impact on market performance.The market performance of aosaikang's backdoor listing is obvious.From the perspective of financial performance,aosaikang's overall financial performance is good,its debt paying ability has been improved,and its operating ability is inferior to that before listing,and its profitability has declined slightly,but aosaikang's profitability is still higher than the industryaverage,it is the best in the industry.