Case Study Of Bankruptcy And Reform Of Chongqing Steel

In the development process of the world steel industry,with the beginning of the20 th century,the 1970 s,the 1990 s,and the 21 st century as the node,it has experienced four large-scale merger and reorganization waves,which have established the United States,Japan,and Europe.The strong position of steel has created a number of giant steel companies.Over the past 10 years,the global steel industry has faced overcapacity.China proposed a supply-side structural reform in 2016 in an attempt to eliminate excess capacity through deleveraging through reforms.As an industry with high energy consumption and high leverage,the steel industry is the focus of this reform.In the increasingly severe economic situation,many companies in the iron and steel industry are facing bankruptcy due to poor management.The implementation of bankruptcy and reorganization for companies that still have operational value can help them escape financial difficulties,guarantee the interests of relevant stakeholders,and maximize the retention of corporate value.This article analyzes and interprets the successful cases of bankruptcy and reorganization of Chongqing Iron and Steel to discuss what kind of income the bankruptcy and reorganization bring to the enterprise,how to bring benefits to the enterprise,and what other enterprises can learn from it when implementing bankruptcy and reorganization.The dissertation first discusses and defines the research background and research significance,makes a research framework,and points out the research content and research methods.Then it describes and defines the causes,meanings and related models of bankruptcy reorganization,and studies the relationship between bankruptcy reorganization and the financial status,corporate operations,and corporate value of listed companies,and makes research and summary of related theories.Then by analyzing the background and basic situation of Chongqing Iron and Steel's bankruptcy and reorganization and the basic causes of bankruptcy and reorganization,the political background,industry background and company's basic situation of Chongqing Steel's bankruptcy and reorganization were clarified.Strong restructuring party.Then it analyzed and discussed the heavy steel bankruptcy and reorganization plan and three specific measures,and discussed the input and return of relevant stakeholders.After Chongqing Iron and Steel completed bankruptcy and reorganization,the financial analysis and market response analysis of Chongqing Iron and Steel's reorganization were carried out using alternative financial indicator analysis methods and event research methods.It was concluded that all financial indicators of Chongqing Steel's bankruptcy and reorganization were reorganized after the reorganization.There has been a significant improvement,and the market has given sufficient positive feedback on the restructuring of Chongqing Iron and Steel.Finally,the article concludes the experience of bankruptcy and reorganization of Chongqing Iron and Steel,and puts forward suggestions for the bankruptcy and reorganization of listed companies and the improvement of China's bankruptcy and reorganization system.Chongqing Iron and Steel Bankruptcy and Reorganization is one of China's top ten classic cases of bankruptcy and reorganization,which is representative and of reference significance.This article takes the supply-side structural reform as the background,and uses various analysis methods such as literature research method,financial analysis method,and event research method to analyze the entire process of the implementation of Chongqing Iron and Steel Bankruptcy Reorganization,and draws the corresponding experience and conclusions.The successful experience and suggestions summarized in its successful cases have certain practical significance for companies that try to implement bankruptcy reorganization to achieve capacity reduction,get rid of financial difficulties,and improve China's bankruptcy and reorganization system.