The Performance And Risk Analysis Of Qihoo 360’s Return To A-share

Our country’s capital market was still immature at the end of 20^th century,and the threshold for listing was relatively high.Many unprofitable companies chose to go to overseas listings to raise funds,setting off a wave of listings in the United States.In recent years,China’s economy has developed rapidly and good policy news has frequently appeared.However,in the international market,Muddy Waters,Citron and other institutions have taken turns to sell short,China concept stocks have been suppressed and undervalued,and the Sino-US trade war has continued to escalate.Survival in overseas capital markets has become increasingly difficult.In this context,a group of China concept stocks,represented by Storm Technology,Giant Network,and Perfect World,have begun their path to return.However,the collective return of not only brings opportunities to the company and the market,but also risks and hidden dangers.In response to this situation,this article will start with the case of the Qihoo 360,and conduct an in-depth study on the performance and risks of China’s concept stocks.This article adopts the event research method and financial indicator analysis method to analyze the performance of company after the return.The research results show that the company’s stock price has risen sharply in the short term,and shareholder wealth has increased significantly;in the long run,the company’s debt repayment pressure has been eased,management efficiency has improved,and profitability has increased significantly.However,affected by privatization,the company has many risks in terms of its shareholding structure,financial status,and business operations.This is also a common problem that many Chinese concept stocks have after their return.In this regard,this article puts forward a series of suggestions to the company and government.This article recommended that company managers strengthen market value management,improve turnover capacity,increase R&D investment,and enhance core competitiveness in order to help the company to integrate resources.In addition,this article recommends that the regulatory authorities strictly control the listing qualifications of China Concept Stocks,improve the capital market issuance,disclosure,and delisting systems,and create a more open and inclusive market environment for high-quality China Concept Stocks that are planned to return and have returned.It is necessary to further strengthen the protection of small and medium investors and regulate market order.