Financial Evaluation Of The Acquired Party In Foreign Capital Merger And Acquisition

This paper takes Shenzhen Huakong Seg Co.,Ltd.as an example.Through the financial evaluation method,this paper studies the influence of foreign capital merger and acquisition on the acquired enterprises in China.First,it explains the basic concept of foreign capital M&A,its meaning,form,motivation and its influence on Chinese enterprises.Secondly,it also introduces the methods and related research of financial evaluation of foreign capital merger and acquisition.At the same time,taking Shenzhen Huakong Seg Co.,Ltd.,as an example,this paper analyzes the background of color tube glass shell and flat panel display industry,the introduction of Shenzhen Huakong Seg Co.,Ltd.,the specific situation of its acquisition,as well as the corporate background of Samsung Corning and the motivation of its acquisition.In addition,this paper selects the financial data of Shenzhen Huafongseg in the past five years before and after the merger,and analyzes the company’s profitability,operating capacity,debt paying and growth capacity in detail through financial index method and financial statement analysis method.It not only evaluates the traditional performance evaluation indicators,but also innovatively and elaborately summarizes the process of how the foreign capital can obtain the technology control benefits from Shenzhen Huakong Seg Co.,Ltd.,while controlling the core technologies,and gradually turn China Seg into a low-cost OEM.Then,through simple data analysis,we select 38 similar mergers and acquisitions,and draw the conclusion that foreign mergers and acquisitions do not necessarily improve corporate performance.Finally,the conclusion of this paper is drawn through the financial evaluation,and the general conclusion is drawn through the comparison of other enterprises.Finally,it explores the countermeasures for enterprises to seek foreign capital merger and acquisition and the policies of industrial security that the government should learn.