The Risks And Countermeasures Of Pledge Of Controlling Shareholders’ Equity In My Country’s Building Materials Industry

In recent years,as the mainstream financing channels of listed companies on the market have been strictly regulated,financing has become a major problem in the development of more and more companies.The stock pledged repurchase business launched by the stock exchange in 2013 quickly gained a foothold in the capital market by virtue of its fast financing speed,simple procedures,and no impact on shareholder control.As a part of the capital market,the building materials industry has the characteristics of large initial investment,long investment recovery period,and uncertainty of investment results,making it more difficult to solve financing problems.However,the development of the equity pledge business has solved the liquidity problem of companies in the building materials industry,saved time and costs in the financing process,and made financing problems no longer a difficult fortress in the development process.However,as more and more listed companies blindly carry out equity pledge financing,the risks caused have become another problem that restricts the development of the company.The market value of equity pledges of listed companies in the building materials industry is generally large,and the proportion of controlling shareholders’ equity pledges is relatively higher.The pledge motives of some companies are very questionable,which brings high equity pledge risks.Therefore,it is very necessary to analyze and prevent the risk of equity pledge by controlling shareholders in the building materials industry.This article first elaborates the related concepts and theoretical basis of equity pledge,introduces the current situation of my country’s building materials industry market,and then uses the industry data indicators to analyze the risk problems brought by the controlling shareholders of my country’s building materials industry due to equity pledge to the company.It is divided into companies with controlling shareholders’ equity pledges and companies without pledges to conduct research,so as to analyze the severity of the risks of companies in the industry that have controlling shareholders’ equity pledges.Then select Sansheng Co.,Ltd.as the case study object to analyze and study the risks brought to the company after the pledge of the controlling shareholder of Sansheng Co.,Ltd.,mainly from the market risk and control transfer risk reflected in the violent stock price fluctuations and related financial indicators.And the company’s financial risk research and analysis from three perspectives.In the end,the following conclusions can be drawn:First of all,companies in the building materials industry that have a pledge of controlling shareholder’s equity are more risky than companies that do not have a controlling shareholder’s equity pledge,and the development of such companies needs to be more cautious.Secondly,the development strategy of Sansheng Co.,Ltd.is too radical,and it should be considered carefully when making equity pledges.Finally,the negative impact of Sansheng’s frequent equity pledge behavior on the company’s stock needs to be resolved in time,otherwise it will not be able to give market investors confidence and affect the company’s sustainable development.Therefore,this article hopes that the case study of Sansheng shares can provide some suggestions and countermeasures for the equity pledge behavior of my country’s building materials industry,so as to provide certain reference and enlightenment for the healthy development of the market.