| The capital market in China experienced rapid development in the mid-20th century,and many enterprises chose to expand their financing channels and strengthen their market competitiveness by taking the path of expansionary enterprise development.However,with the continuous expansion of enterprise scale and deepening of diversification,the negative synergy between various business sectors is becoming increasingly serious,hindering the sustainable development of the enterprise.As a capital operation method that can effectively promote the contraction of enterprise scale,spin off listing has been favored by many enterprises,and has sparked a wave of enthusiasm among real estate enterprises.In recent years,China’s real estate industry has been subject to strict government regulation and fierce internal competition,resulting in its ability to only utilize its own resources for development,and its main revenue has gradually declined.The property market is in a thriving stage of development,with the total area of property management continuously increasing nationwide,and community expenses exceeding one trillion yuan.As a result,the number of real estate companies that have spun off the property sector has surged,with the hope of occupying a place in this blue ocean market.This article takes the listing event of the property division of Country Garden Group as a case study,and based on studying a large amount of relevant literature,evaluates and studies the financial risks caused by its spin off and listing operation.Firstly,based on relevant theoretical research and combined with the operational situation of Country Garden Group itself,identify the risk points of the spin off listing brought about by this event.Secondly,a more comprehensive and scientific financial risk evaluation system will be established for Country Garden Group,during which the hierarchical weighting of various indicators will be mainly achieved through the use of Analytic Hierarchy Process.Finally,the comprehensive scoring method will be combined with the financial risk assessment system to conduct a financial risk assessment of this event.The conclusion is that the spin off and listing have caused varying degrees of financial risk fluctuations in the four aspects of profitability,operation,debt repayment,and growth of Country Garden Group,and the overall financial risk level has significantly increased in the later stages of the spin off and listing.Finally,based on the evaluation results,relevant suggestions were proposed. |