Research On The Financial Performance Of Shandong D Company Bringing In State-owned Capital

In recent years,due to the slowdown in macroeconomic growth and the contraction and adjustment of credit policies,the market value of some listed companies has begun to shrink,falling into the dilemma of tight capital chains and restricting development.Especially for some privately listed companies,due to their own high operating risks,low credit level,and lack of secured mortgaged property,the source of financing in the operation process is very scarce,and the financing strength is also unstable.Therefore,under the dual influence of the internal and external environment,there is a shortage of cash flow,high leverage,and the problem of a high pledge rate,but it is impossible to obtain enough funds in time to support it,which makes the company’s liquidity difficult,faces the risk of breaking the capital chain,and difficulties in daily operation.Although since 2016,the state has issued a series of bailout policies aimed at activating the vitality of market subjects and easing the pressure on private enterprises,many private enterprises still have difficulties in financing and poor liquidity,and simple relief funds can no longer alleviate this situation.In 2022,the state issued the Notice on Matters Related to Central Enterprises Helping Small and Medium-sized Enterprises Relief and Promoting Collaborative Development,starting from seven major points and 27 small points to help private enterprises solve difficulties.Among them,it is proposed to give full play to the driving role of state-owned capital,implement the modern industrial chain-length action plan,strengthen cooperation with private enterprises with high matching,a high sense of identity,and high coordination,and actively support the coordinated development of private enterprises upstream and downstream of the industrial chain through investment cooperation,project cooperation,industrial co-construction,alliance construction,and other means.To relieve resource pressure,many private enterprises have begun to try to improve the liquidity of enterprises under the condition of preserving asset management rights by introducing state-owned capital by introducing state-owned capital.So what is the impact of private enterprises on financial performance after the introduction of state-owned capital is worth paying attention to.Shandong D Company,a case enterprise in this article,is a privately listed company in Shandong Province.It is a leading enterprise in the meat processing industry.After encountering successive violent fluctuations in livestock and poultry prices and various natural disasters,it has taken the lead in breaking through the dilemma,introducing state-owned capital to alleviate the equity pledge crisis,and expanding strategic cooperation among enterprises.Therefore,exploring the financial performance of Shandong D Company to introduce state-owned capital can provide ideas for other private enterprises to introduce state-owned capital.Through research,it is found that the introduction of state-owned capital by Shandong D Company is mainly based on the following three reasons: first,to alleviate the capital needs of enterprises;second,to revitalize market confidence;and third,to achieve the development strategy goals.Through the event research method,EVA analysis,comparative analysis with traditional financial indicators,and the method of the comprehensive evaluation of traditional financial performance indicators based on financial performance Company D are evaluated to study the impact of the introduction of state-owned capital into the financial performance of private enterprises.To eliminate the impact of industry factors on financial performance as much as possible,this paper selects pyramid ham,which is in the same industry as Shandong D Company,has a similar business scale,similar enterprise status,similar enterprise value,and has never introduced state-owned capital,as comparable enterprises for comparative analysis.At the same time,Shandong D Company Among the industry,28 privately listed companies that have not introduced state-owned capital have been selected as the industry average value and compared horizontally with Shandong D Company.Finally,the relevant conclusions and enlightenment are summarized according to the above analysis.Through research,this paper draws the following conclusions: From the perspective of financing,market,and industry,the introduction of state-owned capital by Company D sends a positive signal to the market,relieves the pressure on capital,promotes the improvement of the industrial chain,and finally has a positive impact on the financial performance of Shandong D Company.Through the above research and analysis,this paper hopes to provide empirical evidence for the introduction of state-owned capital by private enterprises and enrich the research on the impact of financial performance after the introduction of state-owned capital by private enterprises.