Performance Analysis Of High-tech Enterprises In Cross-border M&A

Since 2016,China’s overseas M & A has entered a "high-tech era".High tech enterprises have strong capital strength and clear development needs.They have more advanced development technology,more advanced management experience and broader M& A channels.These advantages help to absorb and integrate global economic resources.After the 19 th National Congress of the Communist Party of China,the speed of China’s acquisition of overseas technology targets has been further accelerated.The overseas M &A of high-tech enterprises can improve the technology level of M & A enterprises and expand the market share.At the same time,it can enhance the core competitiveness of the high-tech industry,further stabilize the market share and expand the overall market profit of the industry.As China’s home appliance industry has made efforts overseas,the most representative one is Qingdao Haier’s acquisition of general electric appliances in the United States at a high price of 5.58 billion US dollars.This M & A is a rare all cash M &A,creating the best performance of domestic home appliance enterprises in cross-border M& A.This paper will make a specific study on the case of Qingdao Haier’s merger and acquisition of General Electric of the United States,and make a comparative study on various indicators before and after the merger,including financial indicators such as stock value analysis,profitability analysis,operation ability analysis,debt paying ability analysis and development ability analysis,as well as market demand and breadth,brand effect,technology research and development ability,and long-term capital Non financial indicators such as source integration.Through the analysis of the results of Haier’s M & A,we can better test whether the change of its performance level has achieved its M & a goal.Through the comparative analysis of financial performance and non-financial performance after M & A,we can draw a conclusion,so as to provide reference for other overseas M &a technology-based enterprises in China.