Research On Financial Performance Evaluation Of TY Natural Gas Company M&A

With the implementation of the "Belt and Road" initiative,China has established a new oil and gas cooperation model with countries along the route,and resource cooperation has become more mature and stable.However,based on the current domestic economic environment,there is still pressure for development in the gas industry.This makes the companies studied in this article choose mergers and acquisitions to expand their scale and improve their efficiency.What is the impact of mergers and acquisitions on enterprises? This is a question worthy of attention.Therefore,this article selects TY,a private enterprise that is the key support of Province S,to evaluate and study it from the perspective of financial performance before and after mergers and acquisitions.Combined with the status and policies of the gas industry,the company’s mid-term financial performance and long-term financial performance were evaluated,and the merger and acquisition behavior of TY company was evaluated.On this basis,some problems were discovered and corresponding suggestions were put forward to help TY company improve the level of financial performance.Based on the idea of asking questions—analyzing problems—solving problems,this article first elaborates the research background of this article on the basis of extensively consulting domestic and foreign related documents,and determines the research purpose and significance,and the factors that affect financial performance at home and abroad,The financial performance evaluation method,and the relevant literature of the evaluation index system are summarized and reviewed.Explains the concept of financial performance evaluation and the concept of evaluation methods and models used in this article,and discusses the relevant theories involved in the follow-up research,which lays the foundation for the subsequent evaluation of TY company’s financial performance.Secondly,it introduces the basic situation of TY company.Through on-site investigation of TY company,11 relatively representative indicators were selected.The fuzzy comprehensive evaluation method was used to analyze the financial indicators of TY company from 2016 to 2020,and the company’s mid-term financial performance was comprehensively scored.Then based on the existing financial data,the long-term financial performance of the company from 2021 to 2025 was evaluated using the economic value-added EVA model.The overall performance has increased,which can be said to be a successful M&A case.At the same time,some problems have been discovered in the study of TY company’s mid-term and long-term financial performance,and corresponding suggestions in the selection of mergers and acquisitions,mergers and acquisitions strategies,etc.,are provided to the company and companies of the same type and size.