Research On The Using Of Mergers And Acquisitions To Promote The Transformation And Upgrading Of Aisino

In recent years,with the great changes of economic globalization and international capital flows,those outstanding domestic and foreign companies,by means of strengthening the market position,reducing costs,improving efficiency,optimizing the allocation of resources,and enhancing the competitiveness,have achieved a great development with great strategies of restructuring through mergers and acquisitions.At present,China's enterprises are in trouble of overcapacity running,rising costs,less options in capital operation.Resources,talents and capital shortage have seriously affected their business transformation and long-term development.how to achieve a strategic breakthrough,to accelerate the transformation and development through mergers and acquisitions are the choices that Chinese enterprises have to make at the moment.Aisino Corp is a state-owned listed IT companies held by China Aerospace Science and Industry Group Holdings,with its core technology in information security.With rapid development of the company,the problems as deep as related to industrial structure,pattern of development,market operation,industry collaboration,scientific innovation,human resource,and internationalization are standing out and becoming a bottleneck that restrained the company's sustainable development in a long and healthy way.To solve the problem on business transformation and upgrading of industrial structure is becoming one of priorities for Aisino Corp.The author of this article,as an investment manager for Aisino Corp,based on actual its operating situation,find out gaps between Aisino Corp.and those top enterprises at home and abroad in areas of operation ability,scientific and technological innovation,industry influence,competitiveness in human resources,management ability through benchmarking analysis.At the same time,a discreet analysis has been carried out on Du Pont Co in the United States with its successful experience on business transformation through mergers and acquisitions by means of capital operation more than once in the past three hundred years.And another one of state-owned enterprises similar to AisinoCorp.,Sinopec Group,for its realization on enterprise's diversification by means of modern capital operation like industry mergers and acquisitions.Through comprehensive analysis,it is believed that Aisino Corp.should shorten the time that has been taken to enter a new industry through acquisition,and at the same time,reduce cost of R&D,acquire core technology,enhance core competitiveness,to accelerate strategic implementation in diversification and upgradation.It is suggested that Aisino Corp.should take advantage of its own capital and other financing convenience,using mature capital operation means,to improve enterprise capital utilization rate,to boost the diversification and upgradation of state-owned enterprise,and to realize value-maintenance and value-increase of state-owned capital.