Study On Motivation And Financial Performance Of SF Holdings Backdoor Listing

In the national “One Belt and One Road” initiative,the development of the logistics industry is of vital importance.To this end,the government has begun to attach importance to the infrastructure of the Internet of Things and hopes to capitalize on the advantages of direct financing in the capital market and upgrade the logistics industry with technologies such as big data and cloud computing.Informatization level,establish an efficient express delivery market,reduce logistics costs,and serve national strategies.At the end of 2015,after Shentong’s announcement of a backdoor listing,the top five domestic express delivery giants rushed backdoor to listing.The characteristics of the industry were obvious.This article takes SF Express as an example.It first analyzes the company’s life cycle theory and builds a sustainable growth model.The internal cause of the backdoor listing was used to construct an extended game model and analyzed the external causes of SF Express’ s backdoor listing in conjunction with the external market environment.Finally,through the financial indicator analysis method,a longitudinal comparison of the financial performance before and after the listing of SF Express was made,and after the listing of Shunfeng backdoors.The performance was compared horizontally with other courier giants in the industry.The conclusion is that the backdoor listing did improve the financial performance of SFG.The experience and inspiration that SF Express’ s backdoor listing brings us can also be applied to other industries.