M & A Performance Evaluation Of Zhongyeda’s Acquisition Of Industrial Control Network

With the gradual development of the market economy,corporate mergers and acquisitions have become an important activity in the market.The role of corporate mergers and acquisitions in the market economy has become more and more critical.Companies in different industries will choose to optimize the allocation of corporate resources through mergers and acquisitions.Long-term development,and motherboard companies often choose to achieve through mergers and acquisitions.In recent years,the new third board market has developed rapidly and gradually expanded to the whole country,becoming an integral part of China’s capital market system.With the continuous development of the new third board market The relevant system is becoming more and more perfect,and a large number of high-quality new third-board companies have been cultivated.In 2015,China’s capital market set off a wave of mergers and acquisitions of new third-board companies by motherboard companies,and more and more mainboard companies are hoping to pass the merger The company achieves the goals of expanding scale,seeking new profit growth points,improving the company’s innovation ability,exerting synergies,improving its own industrial chain or implementing strategic transformation.Then whether the merger and acquisition has achieved its purpose and how the post-merger performance will be Issues of concern.Based on extensive literature review at home and abroad,this article first sorts out the relevant theories of M & A and M & A performance as the research basis,specifically including the concept of M & A,the motivation of M & A methods,the concept and evaluation method of M & A performance;then,this article selects the public Yeda M & A Industrial Control Network is the study object of this case.Based on the introduction of the parties to the merger,the motivations of the merger and acquisition,and the process of mergers and acquisitions,from the analysis of debt solvency analysis,operating ability analysis,profitability analysis,development ability analysis,and factor-based analysis Comprehensive financial performance analysis to try to get the financial performance evaluation of mergers and acquisitions;try to get the non-financial performance evaluation of mergers and acquisitions from the aspects of strategic upgrades,internal processes,product structure,sales channels,research and development capabilities,personnel structure and changes in customer coverage.Enlightenment andrecommendations.The research in this article finds that after Zhongyeda’s acquisition of Industrial Control Network,it basically completed its original intention of mergers and acquisitions,got rid of the development bottleneck,realized the strategic transformation through the reasonable integration of resources,accelerated the development process,and played a synergistic effect.From this perspective,Zhongyeda’s acquisition of Gongkong.com was successful.The overall performance has increased,and it can be said to be a successful merger and acquisition case.Summarize the performance of Zhongyeda’s mergers and acquisitions,and make some suggestions on the merger and acquisition of the main board company and the new third board company.Hope that Zhongyeda’s mergers and acquisitions will provide some traditional enterprises with some useful references.