Research On Repurchase Case Analysis For Junsheng Electronic Share

Share repurchase system emerged in the United States and is widely used in international capital assets.Due to the short development time of China’s capital market,the research on share repurchase theory in China is not in-depth enough.Share repurchase theory lags behind the developed capital markets such as the United States.In the 1990 s,share repurchase cases first appeared in China to solve the problem of state-owned shares system,so the company law at that time had great restrictions on share repurchase.Around2005,the Chinese government promulgated new management measures to make share repurchase behavior of domestic companies become common,but its laws and regulations are still defective.Until recently in 2018,due to the outbreak of stock market disaster,Chinese enterprises carried out share repurchase one after another,making share repurchase cases common in China’s capital market.Therefore,the Chinese government pays more and more attention to the relevant legal system of share repurchase.So the company law amendment 2018 was issued in 2018,But as a whole,China still lags behind in the study of share repurchase theory.This paper analyzes and studies the case of junsheng electronic share repurchase.Can be represented by junsheng electronics co.,LTD.,Analyze the basic motivation of share repurchase of domestic listed companies.And we can measure how share buybacks affect the company,So as to make a certain contribution to the establishment of share repurchase theory.Finally,its conclusion and enlightenment to the future demand for share repurchase of listed companies has a certain theoretical significance and reference significance.On the basis of reading a lot of literature,Explaining the types of share repurchases and the theory behind them,With case analysis,event study and comparative analysis as research and analysis tools,With regard to the purpose of share repurchase and the impact of share repurchase,Based on junsheng electronic share repurchase case.The background of junsheng electronics co.,LTD.It is analyzed that junsheng electronic may have repurchase motivation to adjust financial leverage,maintain stock price stability,replace dividend payment and enhance earnings per share when conducting share repurchase.This paper introduces the program of junsheng electronic share repurchase and the implementation process and results of junsheng electronic share repurchase.On this basis,it is analyzed that share repurchase can boost the stock price in a short term,prevent the irrational decline of the stock price,improve the company’s operating capacity and other functions,and have a certain impact on the company’s value,financial performance and capital structure.Finally,in the whole case of junsheng electronic share repurchase,the conclusion is drawn that the company’s share repurchase generally has multiple motives,the share repurchase will affect investors’ estimation in the short term,generally does not affect the company’s operating profitability,has flexibility,and may harm the interests of creditors.And for the future on share repurchase of listed companies is provided to actively improve the system of share repurchase,want to consider the goals of share repurchase,want to consider the time of share repurchase,want to consider the scheme of share repurchase is reasonable,to consider the company whether there is enough money for share buybacks,and to consider when making share buybacks can be affected by what factors of the enlightenment significance and reference value.