Case Analysis Of Baiyuankuye Mergershuanqiuyigouin Financial Performance

With the adjustment of the domestic market structure,the prospect of textile and garment industry is more severe.At the end of 2011,the development of China's traditional textile and garment industry appeared to decline.The wage costs of workers are rising and the cost of raw materials is increasing.With the continuous development of the domestic real estate industry,the rent of the entity stores is rising,the purchasing power of the consumer terminal is weakened,the stock of the enterprises is increasing,and the enterprise's profit is under the situation of negative growth.Moreover,the rapid development of China's e-commerce industry,online sales gradually become consumers' main consumption habits,which has a huge impact on China's physical sales industry.Under the influence of such a big environment,bai yuan ku ye has become an irresistible phenomenon of reducing the number of physical stores,increasing inventory pressure and decreasing profits.In 2012,bai yuan ku ye realized 52 million 370 thousand yuan of net profit for the whole year,up to 23.78% from the same year,while in 2013,the net profit of the company dropped to 31 million 490 thousand yuan,and the decline of the same year expanded to 40%.In 2014,the traditional textile and clothing industry developed difficult,the performance of many listed companies had fallen significantly,and the operation of the 100 round trousers industry was also face to face.Therefore,in order to improve the operation of enterprises,bai yuan ku ye began to carry out M & A activities.This study takes bai yuan ku ye as an example to analyze the financial performance of before and after mergers and acquisitions.With the continuous development of China's market economy,the emerging and disappearing of product brands has maintained a fast changing momentum.Textile and garment enterprises have begun to find new opportunities for development,and there have been a profusion of online sales,personalized customization,independent research and development of new products,and the combination of wholesale and retail.The number of market brands is expanding,and the competition among enterprises has intensified.With the rapid development of Internet plus ",bai yuan ku ye for the acquisition of universal tesco.This study explains the general situation of the merger and acquisition of bai yuan ku ye,mainly from the general situation of the two parties,the background of the merger and acquisition of the bai yuan ku ye and the plan of the merger and acquisition of bai yuan ku ye in three aspects,and the analysis of the financial performance of bai yuan ku ye in the acquisition of universal purchase,and the selection of cash flow,operating income and net profit.Through the four aspects of financial and financial capability,through the analysis of the financial data before and after merger and acquisition,we can get the profit index of bai yuan ku ye after merger and acquisition to improve the profitability,increase the debt service pressure to reduce the risk bearing capacity,improve the operational capability and improve the overall strength of the enterprise,so as to give traditional clothes to the traditional clothing.Some inspirations for the enterprise are: getting into the business enterprise as soon as possible is helpful to the improvement of enterprise strength,the effective strategic layout can reduce the cost of merger and acquisition successfully,and help to optimize the supply chain with the help of the Internet platform so as to improve the profitability of the enterprise.