Research On The Impact Of Backdoor Listing On The Financial Performance Of Zhong Gong Education

Due to the increasing number of college graduates,the corresponding employment pressure is also increasing,and people pay more and more attention to vocational skill education.In addition,our government is also formulating corresponding policies to give corresponding policy support to vocational education,which makes the vocational education industry usher in the spring of vigorous development.However,at the same time,the competitive pressure of this industry is also increasing,and various vocational training schools have sprung up.Due to the more and more perfect current market conditions,small and medium-sized enterprises have stronger and stronger requirements for funds after they have developed to a certain stage.In order to fill the capital gap,financing in the market is the most effective means for small and medium-sized enterprises to obtain funds.At present,there are only two ways for companies to be listed-IPO listing and backdoor listing.IPO listing takes a long time,the conditions are relatively harsh,and there are a large number of unstable factors,which may cause companies to not be listed smoothly and finally miss the capital market.Therefore,many companies choose backdoor listing to expand investment channels and improve brand awareness.China public education is a leading enterprise in public examination and vocational training.In 2019,China public education completed backdoor listing and became the first education and training company successfully listed in China’s A-share market.After its listing,its financial performance has been greatly improved and its future development situation is very good,which provides a reference for other industry companies that want to backdoor listing.This paper selects the case of the backdoor listing of yaxia automobile of China public education,takes the financial performance before and after the backdoor listing of China public education as the research content,and introduces the basic situation of both sides of the backdoor listing,the motivation of both sides of the backdoor listing,the three-step listing process of major asset exchange,issuing new shares to buy assets and equity transfer,and the performance after the backdoor listing of China public education,using the method of financial index analysis DuPont analysis method and EVA analysis method respectively compare and analyze the financial performance of public education before and after listing and among the same industry.Through the analysis of different indicators,it is found that after the backdoor listing of China public education,the financial indicators have been significantly improved,which has improved the value of the enterprise accordingly.Finally,according to the whole backdoor listing process of China public education,this paper puts forward relevant suggestions for other enterprises that want to be listed through backdoor listing,which should comply with national policies,seize opportunities,carefully select shell resources and reasonably formulate performance commitments.