The influence of spin-off listing on stock price. How about spin-off listing?

1. The impact of the spin-off listing on the parent company is as follows: (1) Advantages: the spin-off listing can increase the financing channels of listed companies, thus improving their financing capacity. The effective use of secondary financing by the parent company will increase the performance of the parent company to a certain extent. After the spin-off listing, the spin-off subsidiary will get a higher valuation level, which will improve the valuation level of the parent company to a certain extent. If the subsidiary's share price is ideal, it can also get a good capital premium and bring excess returns to the parent company. (2) Disadvantages: the spin-off listing may dilute the profits obtained by the parent company from its subsidiaries and reduce the shareholding ratio of the parent company to its subsidiaries to some extent. If the industry where the subsidiary is located is not well developed, it will also affect the operation of the parent company, resulting in a decline in the operating performance of the parent company. Generally speaking, the purpose of spin-off listing is to improve the core competitiveness of the parent company and make it develop faster and better. In addition, finance has become more transparent, and it is easier for investors to understand the specific situation of listed companies. At the same time, it can provide a new way for diversified listed companies. The spin-off listing has many positive effects on the parent company.

2. The spin-off and listing are mostly favorable factors for the parent company, mainly including the following points: (1) financing channels. This is the most direct and obvious benefit. (2) improve performance. After the spin-off assets are successfully listed, excess investment income will be formed in the financial statements of the parent company, and the overall financial structure will be more optimized, thus improving market recognition. (3) Streamline the business of the parent company and improve the operating efficiency of the parent company. These are some factors that are beneficial to the parent company. In fact, spin-off listing also has many benefits for subsidiaries. The most important point is that the role of equity incentive is greatly improved, which helps to improve the enthusiasm of management.

Conditions for listing by spin-off; 1. The original spin-off listed company shall be listed on the A-share market for three years. 2. The company needs to make profits continuously in the last three years of listing, and the company's net profit is not less than 600 million yuan. 3. In the consolidated income statement of the most recent fiscal year, the single subsidiary does not exceed 50% of the total profit; The net assets shall not exceed 30%. 4. The funds and assets of this split listed subsidiary will not be occupied by the controlling shareholder or actual controller, and there will be no other major related transactions that harm the interests of the company. 5. The businesses and assets invested by listed companies in issuing shares and raising funds in the last three fiscal years, as well as the businesses and assets obtained through major asset restructuring in the last three fiscal years, shall not be used as the main businesses and assets. Split subsidiary assets. If the subsidiary is mainly engaged in financial business, the listed company shall not split the subsidiary into shares. 6. The shares held by the directors, senior managers and related parties of the listed company and its subsidiaries to be separated shall not exceed 65,438+00% of the total share capital of the subsidiaries before the separation. 7. The listed company should fully disclose that this spin-off will help the listed company to highlight its main business and enhance its independence; There is no horizontal competition between the listed company and the subsidiary to be split, assets, finance and institutions are independent of each other, and there is no cross-employment of senior managers and financial personnel; The separated subsidiary has no other serious independence defects.