Research On The M&A Performance Of Tunghsu Optoelectronic Technology Co.,Ltd.

With the rapid development of the automobile industry in China,as a more and more popular means of travel,cars provide convenience to people's life,but the resulting energy,environment and other problems need to be solved.Therefore,the new energy vehicle industry is developing rapidly under the support of China's policies.However,as an emerging high-tech industry,a large number of resources are not effectively utilized due to the inexperience of enterprise managers and R&D personnel.Therefore,the new energy vehicle industry faces great cost pressure.In order to continuously enhance the market competitiveness,new energy automobile enterprises through mergers and acquisitions in order to achieve economies of scale,reduce costs,expand their market share,automobile enterprises set off a wave of mergers and acquisitions.On October 19,2018,the China securities regulatory commission(CSRC)added"exemption/fast track" applicable to new energy and other industries,a policy that will surely cause a boom in mergers and acquisitions in the new energy industry.Whether M&A can effectively integrate the advantageous resources of the new energy automobile industry,adjust the industrial layout of the new energy industry,and improve the business ability of the new energy automobile enterprises still needs to be further studied.This article selects the Tunghsu Optoelectronic Technology Co.,Ltd.M&A Shanghai Sheulong Bus Co.,Ltd.as an example,starting from the research background,research status quo of M&A performance,introduces the acquisitions and mergers and acquisitions performance related theory.This paper introduces the process of Tunghsu Optoelectronic Technology Co.,Ltd.M&A Shanghai Shenlong Bus Co.,Ltd.,analyzes its acquisition performance by using event research method and financial index method,studies the influence of merger and acquisition events on enterprise capital market performance and enterprise financial ability,and comprehensively analyzes enterprise financial ability by using Wall scoring method and DuPont analysis method.The financial indicators of earnings per share,net assets per share and other stoeks were selected to comprehensively study the M&A performance of Tunghsu Optoelectronic Technology Co.,Ltd.,and the research conclusion was drawn:Tunghsu Optoelectronic Technology Co.,Ltd.entered the new energy industry through the acquisition of Shenlong Bus Co.,Ltd.,and achieved positive M&A performance.In new energy automotive industry have a certain market advantages.However,with the change of business operation and national policies,whether Tunghsu Optoelectronic Technology Co.,Ltd.can make use of the core advantages of the two sides in the merger and acquisition,solve the problem of rapid charging of new energy vehicles and maintain and expand market share based on the industrial chain of"graphene-based lithium battery--new energy vehicles",still needs to be paid attention to in the later stage.At present,the new energy industry is in the withdrawal stage of the national subsidy mechanism.How to achieve expansion and development through merger and acquisition and gain market advantages is a concern of new energy automotive enterprises.Based on the research conclusion and combining with the market reality,this paper puts forward Suggestions.