Research On Performance Of HX Electronics’s Acquisition Of DZ

Along with the continuous improvement of the quality of life of our people,the demand for home appliances by the Chinese people has increased year by year,the home appliance industry has developed rapidly,and more enterprises have entered the market,making the market fiercer.In order to achieve development in the fierce market competition,more and more enterprises have chosen the means of expanding the market share and strengthening the competitiveness of enterprises.There are cases of failure but there are also successful cases.This paper takes HX Electronics’ s acquisition of DZ as a research case,uses case analysis method and literature research method,introduces the basic situation of HX Electronics’ s acquisition of DZ through merger and acquisition motivation,horizontal and vertical contrast analysis methods,and the performance changes before and after merger and acquisition,and corresponding Conclusions and revelations.HX Electronics is a large-scale home appliance manufacturer in China.DZ is a subsidiary of Toshiba,Japan’s largest semiconductor manufacturer,engaged in television and related peripheral equipment and commercial displays.HX Electronics’ s acquisition of DZ belongs to overseas mergers and acquisitions in the home appliance market,which has certain representative significance.This paper first introduces the research background and research significance,literature review,research ideas and methods.Secondly,it analyzes the environment at the time through macro and industry perspectives and introduces the situation of the two companies and the merger and acquisition process and analyzes the motivation of mergers and acquisitions.Then,the key analysis of the performance of HX Electronics before and after the acquisition of DZ,and thus the changes in the four major capabilities of HX Electronics’ s profit,debt repayment,operation and development after the merger,combined with the analysis of non-financial indicators,this time The impact of mergers and acquisitions on the performance of HX Electronics.The research shows that HX Electronics did not reverse its decline in profitability after the acquisition of DZ,but the solvency,operational capability and development capability have improved to varying degrees,and also enhanced the brand value,and also expanded market share in Japan.The overall impact of Hisense’s performance is beneficial,enhancing its brand competitiveness and expanding its overseas market.This paper analyzes the performance changes of HX Electronics before and after the merger and provides reference experience for overseas mergers and acquisitions in the future.It is alert to the overseas M&A enterprises to prevent risks and has certain reference significance for other enterprises.