The Motivation and Performance Analysis of A-share Domestic Spin-Off Listing

With the continuous development of China's capital market, more and more companies choose the way of equity spin-off listing for financing. On February 25, 2021, the A-share listed company Shengyi Technology spun off its subsidiary Shengyi Electronics on the Science and Technology Innovation Board, becoming the first successful case of "A spin-off A" in China. This paper mainly analyzes the motivation for the spin-off listing of Shengyi Technology and its performance after the spin-off.