Motivation And Economic Performance Analysis Of Nationalization Of Private Listed Enterprises

Private enterprises play a pivotal role in the development of our country’s reform and opening up,and are the main battlefield for mass entrepreneurship and innovation.Private enterprises not only contribute more than 50% of tax revenue,but also provide more than 80%of urban labor jobs.However,in recent years,changes in the political and economic environment at home and abroad and the upgrading of development methods have brought many challenges to the development of private enterprises.In the process of developing,private enterprises must not only bear the pressure of survival,but also need to seek development and progress in addition to survival.Whether it is due to the weak credit foundation leading to rising financing costs and single financing channels,or due to the negative impact of technological upgrades and political barriers,private enterprises have been looking for breakthrough strategies while cultivating their internal skills,integrating various resources and platforms to achieve system innovation and breakthrough.Especially in the past two years,China’s economy has faced severe downward pressure,and the impact of the epidemic on the economy is still unresolved.Although most state-owned enterprises are not as profitable as before,they still have the advantages of the market and the system.They have abundant capital reserves,diversified financing channels,strong credit foundations,and there is still potential for market space.However,private enterprises are not so lucky.Some private enterprises have not survived the winter,and have gone out of business.On October 24,2020,the National Development and Reform Commission and other 6departments jointly issued the "Implementation Opinions on Supporting Private Enterprises to Accelerate Reform,Development,Transformation and Upgrading",which aims to effectively reduce the production and operation costs of enterprises,strengthen the support of scientific and technological innovation,improve the guarantee of resource elements,and focus on solving financing difficulties and other aspects,38 specific measures were put forward to further promote the accelerated implementation of relevant support policies,stimulate the vitality and creativity of private enterprises,create a fair market competition environment,drive and expand employment.In the 1990 s,the "national retreat and private advancement" stimulated the vitality of enterprises.During this process,some Chinese enterprises ushered in their own new development,which stimulated new development momentum of enterprises.Economic development has entered a new political and economic environment.The development of a country’s overall strength requires state-owned enterprises and private enterprises to go hand in hand.In the international market competition,state-owned enterprises must take the initiative to assume more responsibilities,fully cooperate with private enterprises,and integrate resources,it is not about "the state-owned enterprises advances and the private enterprises retreat",but for win-win cooperation.By reforming the equity and management structure of private enterprises,and leveraging on the advantages of state-owned enterprises in capital,technology,management,market,and policies,we will optimize the management and governance mechanism of private enterprises,improve operational efficiency,expand market share,and enhance the core competition of the economy as a whole.This thesis intends to choose Sunward’s nationalization road as the research direction to study and demonstrate the nationalization of private enterprises.Sunward was listed on the market in 2006.In the course of about twenty years of development,it has typically experienced the history of the ups and downs of private enterprises.The enterprise’s nationalization attempts and progress since 2018 have very important practical significance for the study of similar issues.In the process of research,this thesis takes Sunward Intelligence as the research object,obtains primary and secondary data through literature review,news media,announcements of listed companies,etc.The direction analyzes the synergistic benefit theory,scale economy theory and political connection theory of nationalization,which provides a theoretical basis for the research on the nationalization of private enterprises.To demonstrate the performance results of the nationalization of private enterprises.Through in-depth research and analysis of Sunward Intelligence,after Sunward Intelligence was nationalized by Guangzhou Wanli,performance indicators in all aspects have been improved.After full integration and resource integration,Sunward Intelligent has further expanded its ecosystem,strengthened the foundation of corporate credit,broadened financing channels,reduced financing costs,broke industry and political barriers in the market,and integrated into the Guangdong-Hong KongMacao Greater Bay Area.The core area of the company has put forward a strategic decision of one body and two wings.Taking the company as the main body,it has penetrated into the Hunan and Guangdong markets,not only to increase market sales,but also to improve corporate efficiency.In the process of nationalization,Guangzhou Wanli,as a state-owned enterprise,also reflects the modern management level of state-owned enterprises.It gives full play to its own resources,politics and management advantages,and accepts the olive branch of Sunward Intelligence with a posture of neither immunity nor exclusion.The above research provides a practical reference for the reform of other private enterprises in the future.