A Study On The Financial Performance Of Offcn EDU Backdoor Listing Through Yaxiaauto

The market scale of non-academic vocational education in China has increased greatly,from 288.3 billion yuan in 2017 to 364.4 billion yuan in 2019.At the same time,the circular of the State Council on Printing and distributing the implementation plan of the national reform of vocational education,issued in January 2019,said that social capital should be encouraged to invest in setting up vocational education and run diversified schools,in the future,enterprises are expected to become the main body of vocational education,and the market for vocational education has been thoroughly opened.For Offcn Education,this may be an opportunity as well as a challenge.After the non-academic career training industry is taken seriously,more and more entrepreneurs will emerge in the industry to carve up this market,in order to seize the market better,Offcn education chose to go public.The IPO listing has a high threshold,high cost and long waiting time,and Reverse takeover just meets the needs of public education.Starting with the case of the Offcn education backdoor listing,we can understand the current environment of the Reverse takeover,and at the same time,provide reference for the same industry.Starting from the research background and significance of the Reverse takeover,this paper chooses the case of the Offcn education backing listing through Yaxia automobile as the research object,and uses the literature survey and case study method to study it.After introducing the management situation,ownership structure and the brief process of the Offcn education Reverse takeover,it is concluded that the reason for the choice of Reverse takeover is the related policy restriction in China,the current IPO listing review congestion and its urgent listing psychology,and after analyzing the changes in financial performance before and after the back-door Yaxia automobile listing,we found that,its profitability,development capacity and economic value added have all been greatly enhanced,and its innovation capacity,market share and service quality have also made considerable progress,although there are some problems in the ability of paying debts and operating capacity due to the special charging methods and idle assets,it is superior to other enterprises in the same industry,in general,Reverse takeover has a positive effect on Offcn education.The successful listing of Offcn education has brought reference significance to other enterprises,and made enterprises realize that it is important to choose the way of listing that suits them,and the specific operation process is also important,but both IPOand Reverse takeover are a means of going public,and companies should focus on what happens after they go public.