Research On Profit Quality Of Listed Companies After Merger And Acquisition

In the competitive market economy," survival of the fittest,survival of the fittest " is the eternal law of the growth of the company.In recent years,with the further improvement of the basic system of capital market in China,the M & A activities of listed companies are becoming more and more active,and M & A plays an increasingly important role in the adjustment of economic structure and industrial upgrading in China.Relying on the capital market,China's agriculture is in the period of industrial structure transformation,poultry industry as an important industry of agricultural enterprises,its M & A performance is particularly active,among which vertical M & A upstream and downstream production factors in the production chain are obviously active.Whether from the amount of M & A and the impact of M & A scale,are remarkable.It can be seen that the integration of upstream and downstream M & A can enhance the industrial concentration and adjust the structure,and bring great changes and business opportunities to the Chinese agricultural M & A market.However,how the profit quality after M & A and whether M & A has brought the expected effect need to be concluded through analysis.Under this background,the thesis first summarizes the research background and significance,refers to the domestic and foreign lit erature on M & A and profit quality,and then defines the theoretic al basis of M & A and profit quality.Then according to the profit quality four aspects of the development of San Nong M & A prof it quality comprehensive evaluation.The results of the case study s how that San Nong's initial success in improving profit quality after M & A has been achieved,and its profit quality has been improv ed in real profitability,continuous stability and growth security.Aft er analyzing the problems and reasons of its profit quality,some su ggestions are put forward to improve the profit quality: including st rengthening the cash collection ability of the main business,establis hing and perfecting the asset management system,and strengtheningthe supervision of the company's accounts receivable.Finally,acco rding to the results of case analysis,the relevant experience and ins piration are summarized for the industry.On the basis of less attention paid by domestic and foreign scholars to the relationship between M & A and earnings quality of Listed Companies in the agricultural poultry industry,this paper constructs a more comprehensive earnings quality evaluation system to explore the real financial situation behind the financial statements of listed poultry companies after M & A integration,aiming to provide good research materials for how to improve earnings quality performance after vertical M & A in the poultry industry And reference significance.