Financial Performance Analysis Of HNA HOLDING Acquisition Of CWT

Silk Road Economic Belt and China's one belt,one road,should be built by Xi Jinping,President of the country in 2013,to build the "Silk Road Economic Belt" and "the maritime Silk Road in twenty-first Century".As soon as the news spread,it received high attention from all over the world and positive response from relevant countries.HNA can be said to be an excellent representative of promoting and practicing this policy,which has been widely recognized around the world.The essence of M & A is to realize the reorganization and allocation of enterprises' own resources.On the one hand,M & A can make the enterprises with different characteristics and different advantages and disadvantages complement each other.At the same time,it can also integrate the resources of these enterprises involved in M& A.On April 9,2017,HNA industrial issued a public notice,in which it made a pre condition voluntary and comprehensive offer to acquire all the issued and fully paid up CWT shares(excluding the shares owned,controlled or agreed to be acquired by the offeror,its affiliated corporations and their respective nominees).On November 2,2017,HNA acquired98.10% of CWT share.By systematically summarizing and studying the relevant literature at home and abroad,summarizing the concepts related to M&A and financial performance,combining with the case of HNA HOLDING M&A of Singapore CWT logistics,using event research method to analyze the short-term performance of M&A,it is found that the M&A event creates wealth for shareholders in the short term.Then around the profitability,operation ability,debt paying ability and development ability to establish the financial performance evaluation system ofM&A,using factor analysis method to analyze the long-term performance of M&A,it is found that the financial performance of enterprises in the year of M & A and two years after M&A has experienced a process of rising first and then declining.Finally,non-financial indicators are used to analyze the M&A performance.This paper analyzes the changes of financial performance of M &A,finds out the problems,and puts forward relevant suggestions,in order to help enterprises improve the performance of M &A,and also provides some reference for other enterprises.