快递企业借壳上市绩效研究--以圆通速递为例.docxVIP

PAGE PAGE III PAGE PAGE I 目录TOC \o 1-3 \h \u 摘要 II ABSTRACT III 一、研究背景和意义 1 （一）研究背景 1 （二）研究意义 1 二、借壳上市的概念 3 （一）借壳上市相关概念 3 （二）借壳上市相关理论 3 （三）借壳上市方式 6 三、圆通速递借壳上市案例介绍 8 （一）圆通速递现状分析 8 （二）大杨创世公司简介 9 四、圆通速递借壳上市存在的问题 10 （一）股权稀释比例较高 10 （二）上市之后依然存在毛利下滑 10 （三）快递从业人员素质较低导致消费者投诉 11 五、借壳上市对策建议 12 （一）选择正确的“壳公司”并优化股权结构 12 （二）上市之后合理制定经营策略 13 （三）培养高素质人才以提高服务质量 14 六、结论与相关启示 15 参考文献 16 快递企业借壳上市绩效研究 ——以圆通速递为例 摘要 随着电子商务的发展，快递业逐渐兴起。日益激烈的竞争，快递行业急需借助资本市场的力量，筹集资金，优化管理，加速发展。目前我国企业上市的途径主要有两种：IPO 上市和借壳上市。IPO上市审核时间长、过程较为繁琐，借壳上市却具有时间短，成本低和易于操作的优点。但眼下 IPO上市困难重重，借壳上市成了企业谋求上市的最佳方式。快递行业盈利模式是相似的，利润逐年下降、同质化现象严重，企业很难用自己现有的资本满足其扩张需求。由此，国内几家比较大的快递公司都希望通过上市的方式来获取长远发展所需的资本。 本文选择第一家成功完成借壳上市的民营快递企业圆通速递为研究对象，以此为其他快递企业的上市融资提供借鉴经验。本文对借壳上市相关概念做出了说明，回顾和总结相关的理论和文献，然后简要分析借壳上市的制度背景，介绍了借壳上市的方式。接着具体分析了圆通速递借壳上市存在的问题，最后提出对快递行业借壳上市的建议。 关键词：借壳上市、存在的问题、对策建议 ABSTRACT With the development of e-commerce, the express delivery industry has gradually emerged. With increasingly fierce competition, the express delivery industry must urgently use the power of the capital market to raise money, optimize management and accelerate development. Currently, there are two main ways for Chinese companies to be listed on the stock exchange: IPO and backdoor listing. The review time for IPO is long and the process is relatively cumbersome, but backdoor listing has the advantages of short time, low cost and ease of use. However, the IPO is now full of difficulties, and backdoor listing has become the best way for companies to apply for listing. The express industrys profit model is similar. Profits are declining year by year and homogeneity is serious. It is difficult for companies to use their existing capital to meet their expansion needs. As a result, several relatively large domestic express companies hope to obtain the capital needed for long-term development by being listed on the stock exchange. This article selects the first private express company YT Express