A Study On The Performance Of Wen’s Stock Listing

At the early stage of the development of China’s capital market,outstanding Communist Youth League members chose to split up and list one after another in order to obtain the opportunity to raise funds.However,they also exposed various drawbacks such as breeding related party transactions and damaging the interests of shareholders.Therefore,the overall listing emerged as the times require and gradually became a new development trend.With the continuous improvement of national policies and the further improvement of enterprise development demands,more and more enterprises choose to be listed as a whole,covering many industries.However,at present,China’s livestock industry has a large scale of retail farming,low industrial concentration and slow popularization of modern farming technology.In order to meet the needs of national economic development and cooperate with the supply-side reform,the development of livestock industry must adhere to structural adjustment,improve quality and efficiency,and realize a more scientific allocation of resources.Under this background,Wen’s shares are listed on the market as a whole in order to achieve better development,realize the transformation to a technological enterprise,strengthen the prevention of livestock and poultry diseases,make full use of the internal resources of the enterprise and the preferential policies of the external countries,and occupy the leading position in the industry.Therefore,this paper selects the case of Wenshi Group’s stock exchange and absorption of Da Hua Nong’s overall listing as the analysis object to study and confirm whether the overall listing can effectively improve the strength of the enterprise,whether it is really conducive to the subsequent development of the enterprise,and whether the capital operation mode is worthy of praise in animal husbandry.In this paper,the event research method is used to study the market performance of the overall listing of Wenshi shares,and the short-term market response of shareholders to the disclosure of the overall listing information of the company is judged by calculating the excess return rate.At the same time,catastrophe progression method is adopted to construct the comprehensive performanceevaluation system of Wenshi shares,and each evaluation index is determined.Combined with entropy method,the weight of each index is determined.The abrupt change value of each evaluation index is calculated according to the normalization formula.The financial performance,collaborative performance and social performance before and after the overall listing of Wenshi shares are comprehensively analyzed,the changes are explained,and the specific action path of the overall listing on corporate performance is summarized.The results show that the overall listing has a positive effect on the market performance of Wen’s shares and has a positive effect on the improvement of financial performance.However,there are some problems such as poor integration in the later period and insufficient ability of enterprises to resist major risks in the industry.Based on this,this paper puts forward relevant rectification suggestions,and provides direction for the development of animal husbandry enterprises and reference opinions for enterprises to be listed as a whole.