Research On The Performance Of Great Wall Electronic Company Holding Backdoor The CEC Core Cast Corporation Limited

For long-term development,adequate capital is an essential element,and the most effective way to raise funds is to enter the capital market.Usually,enterprises want to enter the capital market to list the first choice is IPO,Now,China's IPO audit procedures are constantly standardized,the system is more perfect,IPO approval is constantly tightened or even suspended.In this case,it is more difficult for enterprises to list through IPO.In September 2016,under the background of continuous improvement of relevant laws and regulations,the management method of backdoor listing has also been revised,and the difficulty of backdoor listing has also been upgraded,and strict supervision and management measures have made the difficulty of backdoor listing rise sharply.Under the background of this policy,it is very important to discuss how to design and choose the appropriate backdoor scheme,as well as the performance evaluation of backdoor listed enterprises and the cost of backdoor listing under the background of new regulations.Therefore,it is very meaningful to study the backdoor listed enterprises since the introduction of the new regulations.In this paper,the case of the Great Wall electronic backdoor CLP Guangtong is analyzed and studied.Firstly,the literature and case study on backdoor listing at home and abroad are sorted out,which lays a good foundation for the relevant theory of this paper.Secondly,the background of the Great Wall electron and CLP Guangtong are introduced,and the motivation of the shell side and the shell side is analyzed.Then,through the event research method,the market effect before and after the Great Wall electronic backdoor CLP Guangtong is analyzed,and the market response of the backdoor event is good,which brings wealth effect to shareholders.At the same time,the financial index of the Great Wall electronic backdoor CLP Guangtong is analyzed,and it is found that its profitability and solvency have been greatly improved,but the operating capacity is obviously insufficient,so it still needs to be continuously improved.Then,the non-financial performance of the Great Wall electronic backdoor CLP Guangtong is analyzed,and it is found that its R&D and innovation ability and corporate governance index have been improved before and after the backdoor listing.In addition,the cost and benefit of the Great Wall electronic backdoor CLP Guangtong and the performance standard are analyzed,and it is concluded that the backdoor listing is good and beneficial to the long-term development of the enterprise.Finally,the conclusion and enlightenment of the research are summarized.The listing of the Great Wall electronic backdoor CLP Guangtong improves the profitability of the company,brings wealth effect to the original shareholders of the company,and the market reaction is good,which indicates that the backdoor listing is successful.Under the background of the new regulations,it is hoped that the analysis of the Great Wall electronic backdoor CLP Guangtong can provide some help to the non-listed enterprises and those who want to backdoor to complete the listing.