Study On The Financial Integration Of Scement Co.Ltd After M&A

Cement industry belongs to the industries with excess capacity,the current environment,the CPC central committee and the state council for resolutely curb overcapacity industry continue to malignant development,promote economic structural reform,to highlight the issue,seize the key points,to promote to effectively solve the excess capacity,to promote overcapacity industry optimization reorganization.Large central state-owned enterprises should take the lead in eliminating the "zombie" behind the lines,the closed firmly closed,improve the assets structure,and to intensify efforts to promote the reform of state-owned enterprises,state-owned enterprises do big do best and stronger,accelerate the large central the annexation and reorganization of state-owned enterprises,to promote the joint reorganization,to promote large-scale cement mass of merger,acquisition and reorganization of listed companies,to promote capital market efficiency and vitality,and optimize the industrial structure,encourage and stronger cement enterprise innovation restructuring mode,further speed up joint restructuring,vigorously develop cross-industry property rights exchange,property exchange,equity participation and other forms of joint restructuring.Merger and acquisition is one of the important way for enterprises to expand,but m&a failure rate is very high,investigate its reason,in large part due to cause the failure of the management after the merger integration.Based on China’s southern hunan cement building materials group co.,LTD.In the joint area of cement enterprises in hunan province is restructuring of financial management after consolidation to discuss how to optimize the southern hunan cement group co.,LTD.,the next step after joint restructuring of financial integration solutions,hoping to southern hunan cement group co.,LTD.,the next step after joint restructuring of financial integration to provide a better theoretical support and practical solution.In this paper,from the practice of combining relevant theories to make the following research:The first chapter,this paper puts forward the research background and research significance of this paper,combined with the related literature at home and abroad research on enterprise financial management after the merger integration as a review.The second chapter,in the view of enterprise financial management after the merger integration is introduced common characteristics,patterns,and content,and expounds the in often used in the integration of financial management theory overview.The third chapter,the basic situation of hunan southern cement group at present,management integration after merger and acquisition of financial management integration situation are introduced.The fourth chapter,according to the south of hunan cement group on the analysis of the current financial management integration put forward the main existence appointed finance director,budget management,capital management problems and raise questions about the several reasons.The fifth chapter,in view of the southern hunan cement group present financial management problems existing in the integration and analysis of the reasons,put forward the strict delegate,head of the financial system,to conduct a comprehensive budget management,clear improvement measures and solutions such as fund management policy.