Performance Analysis Of Continuous M&A Of Qvantong Education

With the rapid development of Internet technology,the integration of various traditional industries and the Internet has become a general trend,and the education industry is no exception.Because online education can not only solve the shortcomings of traditional education in terms of space and distance,but also has the advantages of high efficiency,more free time arrangement,and more efficient use of educational resources,so students can arrange their own study time and study more independently Content helps to achieve the personalized development of students.Therefore,the demand for online education is increasing,and the online education industry is gradually becoming popular.In order to achieve the goal of seizing market share and boosting their leapfrog development,many companies have seized the opportunity to implement mergers and acquisitions,hoping to acquire and integrate resources in the industry through mergers and acquisitions,expand their industrial scale,and promote the transformation and upgrading of the industrial structure.Improve and perfect the industrial chain,and then enhance the market competitiveness of enterprises.The development history of Quantong Education is a typical enterprise that has expanded its industrial scale through multiple consecutive "extensional" mergers and acquisitions.Therefore,this article uses Quantong Education as a case study company,which is based on the two dimensions of financial performance and non-financial performance.Research on the evaluation of corporate performance after two consecutive mergers and acquisitions.Firstly,use the event research method to evaluate the short-term performance of continuous mergers and acquisitions.Secondly,use the factor analysis method,the global principal component analysis method and the economic value added analysis method to evaluate the long-term performance of Quantong Education continuous mergers and acquisitions,and finally select the market share from the perspective of non-financial performance.As well as the two indicators of R&D and innovation capabilities,it evaluates Quantong Education’s merger performance.The study found that the market response to the continuous mergers and acquisitions of Quantong Education was not good,the short-term merger performance was poor,the comprehensive score of continuous merger performance showed a downward trend,the EVA evaluation indicators were all low,and the market share and individual stock Lerner index both increased first and then The downward trend indicates that the efficiency and profitability of capital creation of continuous mergers and acquisitions of Quantong Education is low,and the business synergy effect after mergers and acquisitions is poor.Continuous mergers and acquisitions have not promoted the improvement of Quantong Education’s performance,and the overall performance is not as good as before the merger.Based on the analysis of the performance of Quantong Education’s continuous mergers and acquisitions,this article summarizes a series of undesirable economic consequences brought about by continuous mergers and acquisitions and the sequelae of mergers and acquisitions,and puts forward countermeasures and suggestions to solve the problems reasonably,such as consolidating the management foundation,reasonable valuation,and perfecting the management mechanism of accounts receivable.