The Financial Integration Research Of HY Group Mergers And Acquisitions SJ Company

Merger and acquisition phenomenon arises from the 19 th century,as a social resource reconfiguration.It is an important means of improving resource utilization efficiency. In the process of the development, the enterprise has been increasingly used.Foreign mergers and acquisitions has a history of more than one hundred years,and only a short span of 20 years in China,but with the reform and opening up 30 years of rapid economic development,our country enterprise merger and acquisition played a more and more important role for the world.According to statistics,m&a success rate is low,less than 30%.The reason is various,inefficient integration management is a very important reason. Alone at home and abroad research books rarely has m&a financial integration. With the rapid development of economy,people pay more attention to health,so health industry becomes one of the most rapidly growing industries today.It is a sunrise industry forever. Pharmaceutical industry,as one of the most important aspects of the health industry, also wins the high growth opportunities.But, after long time of high speed development, at present, China’s pharmaceutical industry’s overall growth began to slow,profitability reduced gradually,gradually presents stable state. In order to further development, in recent years, the pharmaceutical industry mergers and acquisitions cases increase year by year,involves the amount increasing.It is one of the hot issues in mergers and acquisitions industry. The current main problems restricting the development of China’s pharmaceutical industry is that the industry concentration degree is low,the industry need to weed out large-scale mergers and acquisitions solving the above problems. At present the country frequently policies to encourage pharmaceutical companies through mergers and reorganization become bigger and stronger,this paper respectively from two aspects of theory and practice of enterprise m&a,financial integration problems are studied and discussed.In this paper,after describing China’s pharmaceutical industry mergers and acquisitions financial integration situation,the pharmaceutical industry in China are put forward in the process of financial integration work of the existing problems,and targeted analysis of a problem;then SJ company financial integration in HY company mergers and acquisitions cases,concrete analysis and evaluation on the financial consolidation measures listed;finally,the acquired party SJ company in recent years,financial statement analysis,evaluate the effect of financial integration,points out that the case of revelation,some countermeasures andachieve better combination of theory and practice of points out the problems and countermeasures of financial integration process and the enlightenment of mergers and acquisitions practice work.