Research On The Performance Of Offcn Education Backdoor Listing

With the introduction of a series of national policies to vigorously develop education,the vocational education industry has sprung up like bamboo shoots after a spring spring,which also triggered fierce competition among the vocational education industries.Enterprises in the industry have entered the capital market by means of backdoor to raise more funds and promote the development of the company.China Public Education,A leading company in the industry,is the first education company to successfully land in the A-share market through backdoor listing after the promulgation of the new People’s Promotion Law.At first,this paper expounds the domestic and foreign scholars on backdoor listings,performance and other related domain theory research,made clear in this paper,the study content,and then simply introduces the backdoor listings with the related concepts,the support theory,and combed the public education in the backdoor listing the process the inner mechanism of the influence on enterprise performance,and then introduced the trade both sides situation,transaction process and motivation;Secondly,through the use of event study method,financial index analysis method to evaluate the impact of backdoor listing before and after Officn Education on its short-term and long term financial performance.In terms of non-financial performance,the paper studies the change of investor,product and market development and corporate governance structure after backdoor listing.Finally,the successful experience of Officn Education is summarized to provide reference value for the management decision-making of the company and for other vocational education and training enterprises that want to go public by backdoor.Through the study of the backdoor listing of Officn Education,it is found that in the short term after the backdoor listing of Officn Education,the market reaction is strong,the share price rises greatly,and the investors have obtained corresponding profits.Moreover,it has made a major breakthrough in its growth ability and profitability after backdoor listing.The overall financial situation of the company is good,with stable operation and management level and cash inflow.But it is worth noting that the capacity of public education and short-term solvency risk,although this may be related to public education in the current is in the growth of the industry development,but company officials,still should pay full attention to focus on optimizing enterprise management,with the best attitude to cope with the current vocational education and training industry complex development momentum.