Research On The Motivation And Financial Performance Of Yongtai Energy’s Debt Restructuring

In recent years,listed companies in China have encountered debt crises and financial difficulties due to their own operational or management problems,and companies will give priority to debt restructuring to solve problems.Debt restructuring can not only help companies solve huge debt problems,but also preserve the company’s listing qualifications,which is indeed the best of both worlds for listed companies on the verge of delisting.However,it remains to be seen whether the implementation of debt restructuring can improve the profitability and operations of listed companies,and what impact it will have on the company’s future development.This article takes Yongtai Energy,which has just undergone debt restructuring in 2020,as a case company,and discusses the company’s financial performance through debt restructuring from multiple aspects,aiming to provide effective advice for listed companies to avoid financial difficulties or achieve subsequent improvement effects through debt restructuring after falling into financial difficulties,and improve the company’s financial performance.This paper first sorts out the relevant literature on the financial performance of debt restructuring,and summarizes the basic concepts of debt restructuring and the relevant theoretical methods of financial performance research.Then,combined with the internal company situation before the debt restructuring and the external industry situation,the motivation of Yongtai Energy for debt restructuring is analyzed.Then,the index analysis method,EVA value analysis method,factor analysis method,etc.are used to compare and analyze the changes in financial performance before and after the debt restructuring,and discuss what the debt restructuring has brought to the company’s operation and development and how it has affected the company’s future development.Finally,according to the changes in financial performance before and after debt restructuring,countermeasures and suggestions are put forward to improve the financial performance of the company after restructuring.Through the study of the case,this paper concludes that the company’s financial indicators have improved to a certain extent after the debt restructuring of Yongtai Energy,which is more obvious in its solvency,profitability and development ability,and the improvement of the company’s operating capacity is not greatly related to the debt restructuring.Based on the analysis of the financial performance of debt restructuring,countermeasures and suggestions to improve the company’s financial performance after restructuring are put forward,which are to improve the core competitiveness of the main business,optimize the financing structure,strengthen internal operation management,improve financial risk awareness,and standardize the company’s financial management system.A series of disposal measures taken by Yongtai Energy have successfully helped the company get out of financial difficulties,optimize internal management processes,refocus on its main business,and improve its core competitiveness.