The Motivation And Performance Analysis Of Backdoor Listing In The Non Ferrous Metals Industry

Non ferrous metals are a resource with great demand,which is related to the national economy and people’s livelihood.Therefore,the sustained and healthy development of the non-ferrous metal industry helps the country improve the speed and quality of economic growth.From a national perspective,with the globalization of the economy and resources,as well as the "Two Mountains Theory" that China has been practicing and the efforts to promote supply side reforms,the non-ferrous metal industry is required to gradually break away from backward production models.The non-ferrous metal industry faces huge development opportunities in resource allocation,capital structure,technology upgrading,and other aspects.Seizing them is an opportunity,but not grasping them is a challenge.From the perspective of enterprises,the competition in the international non-ferrous metal industry is becoming increasingly fierce.At the same time,with the attention of various countries to environmental protection,environmental protection laws have become increasingly strict,and the industry is facing increased production risks and environmental and social costs.Therefore,analyzing the layout and effectiveness of development strategies for China’s non-ferrous metal enterprises is beneficial for helping them achieve high-quality development under the implementation of new development theories.There are many obstacles to direct IPO listing of non-ferrous metal enterprises.Backdoor listing is beneficial for these enterprises to break the listing review barrier.However,through backdoor listing,it can not only provide more financing channels for non-ferrous metal enterprises,but also provide better listing conditions for enterprises,effectively utilize social resources,and bring greater economic benefits to society.This article selects the company as Tianshan Aluminum Industry(formerly Tianshan Aluminum Industry Co.,Ltd.of the Eighth Division of Xinjiang Production and Construction Corps),whose main business covers bauxite,alumina,anode carbon,power generation,electrolytic aluminum,high-purity aluminum,power battery aluminum foil,aluminum deep processing,etc.This article takes Tianshan Aluminum’s successful backdoor listing of New Territories Pump Industry as an example to analyze the performance of Tianshan Aluminum’s backdoor listing,analyze the reasons and motivations for Tianshan Aluminum’s choice of backdoor listing,and finally propose reasonable countermeasures through the analysis of the problems,ultimately summarizing its successful experience.Against the backdrop of the high profile of the aluminum industry,leading enterprises in various links of the aluminum industry chain have successively connected to the capital market through indirect listing,fully demonstrating the strength and confidence of their business operations.Finally,through the analysis of the problem,reasonable countermeasures are proposed,and the successful experience is summarized.It is believed that this can also provide certain reference significance for other non-ferrous metal enterprises to go public.