Research On The Performance Of Nanyang Shares Acquisition Of Tianrongxin

With the development of China’s socialist market economy and the acceleration of globalization,enterprises are becoming the mainstay of the market economy,and competition is intensifying.Not only must we compete with local companies,but also face the challenges of multinational companies.In order to expand market share and enhance core competitiveness,enterprises can only develop better if they strengthen their comprehensive strength.M&A is one of the common methods used by enterprises to enhance their strength.In today’s market,there are more and more M&A activities.In recent years,the new three-board market has developed rapidly,successfully attracting the attention of listed companies,and listed companies have begun to achieve their own transformation and growth through the acquisition of high-quality assets.Based on this background,the research direction selected in this paper is the performance analysis of listed companies’ acquisition of the New Third Board.This paper firstly summarizes the current situation of listed companies’ acquisition of new three-board enterprises,and analyzes the motivations and characteristics of China’s current listed companies’ acquisition of new three-board enterprises.Then,combined with the theory from the event research method and the balanced scorecard,the performance analysis of Nanyang shares acquired Tianrongxin.The event research method evaluates the short-term performance of the enterprise from the market perspective,and the balanced scorecard comprehensively evaluates the financial and non-financial performance of the enterprise from the perspectives of finance,customers,internal processes,learning and growth.The two methods are comprehensively evaluated from the short-term and long-term perspectives,reflecting the subsequent integration effects of M&A.Through analysis,it is found that although Nanyang has not obtained the short-term wealth effect after the merger,the management and control ability needs to be improved,but its financial integration with Tianrongxin is better,and the financial synergy effect is exerted.At the same time,the company’s customers,learning andgrowth are also Got a good development.Overall,the acquisition was a success.Finally,this paper summarizes the problems and successful experiences of mergers and acquisitions,and makes recommendations on this basis to provide reference for other listed companies to acquire new three-board enterprises.