| Assets reorganization can enable enterprises to expand the scale of production,enhance the competitiveness of enterprises,and then achieve the purpose of expansion,in recent years,it has been widely used by enterprises seeking development.In the background of serious environmental pollution and energy shortage,new energy vehicles has been widely attention,has become the developing direction of the future automotive industry in China,due to the different national policy,new energy automotive industry has experienced rapid growth,has formed a certain scale,the government is considering the industry development of marketization of regression,gradually reduce the subsidies on new energy vehicles,subsidies amount decreases significantly increase the capital pressure of car companies,car companies external financing needs urgently.During this period,major auto manufacturers at home and abroad took a fancy to China’s new energy vehicle market and joined in building factories one after another,leading to increasingly fierce competition in the industry.Asset restructuring,as the primary way to enhance the competitiveness of enterprises,is conducive to the effective growth of new energy automobile enterprises and to adapt to external competition.Under the background of capital shortage and increasing market competition,BAIC’s new energy assets were injected into Vanguard shares,and it successfully entered the capital market through restructuring,becoming the first pure electric vehicle enterprise in A-share market.However,the effect of enterprise restructuring after listing still needs further research and analysis.As a leading enterprise in the new energy vehicle industry,BAIC New Energy Co.,Ltd.’s asset restructuring case has certain learning and reference significance for similar enterprises in terms of restructuring,which is worthy of in-depth discussion and research.In this paper,BAIC new energy assets injection forward shares as the research object,using the method of case study and literature research method to analyze the new energy assets injection reorganization event of BAIC.Through the review of relevant literature at home and abroad,the relevant concepts and theories involved in this paper are clarified,which lays a theoretical foundation for the follow-up research.Through the analysis of the basic situation of the restructuring event,the impact of new energy vehicle asset injection on the listed company is summarized.Analyzed the stock price fluctuation before and after the reorganization,discussed the market’s expectation of the reorganization event,analyzed the change analysis of the financial indicators after the injection of assets,and analyzed and evaluated the performance of the reorganization of assets.This paper discusses the reasons why the financial performance is not expected after the reorganization,summarizes the enlightenment brought by the reorganization of new energy assets of BAIC,and puts forward relevant suggestions to improve the performance of enterprise reorganization,hoping to play a reference role for enterprises in the same industry in the aspect of asset reorganization.The research shows that new energy asset injection of BAIC is a necessary measure to solve the sustainable development of Vanguard.Through this restructuring,the company will take advantage of the advantageous position of listed companies,broaden financing channels,accelerate the investment in new energy vehicles technology,and realize the re-innovation and development of enterprises... |
