The Impact Of Mergers And Acquisitions On The Sustainable Development Ability Of Education And Training Listed Enterprises

With the development of the socialist market economy,the concept of business and development of enterprises in the market is also constantly improving.It has shifted from simply pursuing the growth of sales revenue to seeking sustainable financial growth.The sustainable growth of finance requires companies to rationally allocate resources to ensure long-term sustainable operations.At the same time,which factors will affect the financial sustainability of the company,whether these factors bring positive or negative impacts is also worth studying.Education and training has been defined as a public welfare undertaking in China for a long time.Therefore,the profitability of China's education and training institutions has been restricted.With the development of society and the increasing demand for education and training market,the scale of the education market has exceeded 20 by 2018.One trillion yuan,so many education and training companies that need funds and policy support choose to go to the US to go public.After the promulgation of the "Private Education Promotion Law" and the "Draft Reform of the Private Education Promotion Law",the legislative level finally began to give support to education and training enterprises,which paved the way for Chinese education and training enterprises to enter the A-share market.In November 2013,the Chinese Education and Training Enterprise of the Third Plenary Session of the 18 th Central Committee frequently listed the new three boards and main boards.In June 2014,Shanghai New Nanyang Co.,Ltd.(hereinafter referred to as Xin Nanyang)acquired the Angli Education Technology Co.,Ltd.(hereinafter referred to as Anglia Education)successfully passed the meeting,and since then,New Nanyang has become the first education and training category in the A-share market.The success of the new Nanyang M&A Education has greatly stimulated the rest of the market's education and training companies that want to land in the capital market.Enterprises such as Zhonggong Education,Giant Education,and Longwen Education are also actively preparing for listing,domestic education and training.The spring of industrial capital has arrived.This paper selects Ang Li education as the research object,summarizes the relevant literature on the basis of previous studies,and combines the constituent factors in the relevant model to make judgments on the model selection,and proposesthat the merger is the cost control and main business of the enterprise.The impact of concentration and operational efficiency on the sales net profit rate,total asset turnover rate,equity multiplier,and profit retention rate are finally reflected in changes in the company's sustainable growth rate.After determining the selection of the Higgins model,we found the direction of the influence of mergers and acquisitions on the education of Anglia from the change of sustainable growth rate of Anglia Education.After analyzing and comparing the Ang Li education M&A case,we will find out some problems existing in the development process of the enterprise and put forward suggestions for the long-term financial sustainable growth of the education.