Study On The Performance Of Asset Reorganization Of HASCO

In the increasingly fierce market competition, the market put forward higher requirements for China’s enterprise market competition ability, the profit ability and the growth ability, how to use capital and their own advantages to seek long-term development is putting in front of each enterprise. The reorganization of assets has become the preferred mode of enterprises. The reorganization of assets can help enterprises to optimize the economic structure, the rational allocation of resources make the enterprise assets revitalized. For countries, the reorganization of assets to the state capital concentrated in key areas and key industries, so that state-owned economy layout more scientific and reasonable, to boost the strength of the enterprise to a large group of large enterprises with international competitiveness. In the past 20 years of the development process, the reorganization of assets related laws and regulations continue to improve. The subject of asset reorganization is also from a single development of state-owned enterprises, private, foreign and other state-owned coexist, the means are more diversified. In spite of the reorganization of assets in the actual application process, there are still many problems, but it is of positive significance for economic development is indelible.This paper mainly uses the literature research method and case analysis to study the event of asset restructuring in HASCO. Firstly, this paper defines the concept of asset restructuring based on the scholars, and introduces the theory of assets reorganization in the west countries. Secondly, on the basis of the oretical research, the business situation of HASCO is analyzed in detail, and the motive of carrying out the reorganization of assets is concluded. According to the motivation of asset restructuring, the main use of event research and accounting research is to analyze the short-term and long-term performance of the restructuring. At the same time, SWOT analysis is adopted to analyze the restructuring performance from the strategic point of view, so that the performance evaluation is more comprehensive. Through the above short-term and long-term performance analysis, we can see that the short-term performance of the reorganization of assets is not obvious, but the long-term performance significantly, indicating that the reorganization of assets ultimately help enterprises get rid of the reorganization of the former management difficulties, realize the great business transformation, and enhance the profitability and operation ability, strengthens the ability of enterprises to cope with the market competition and risk.The innovation of this paper lies in:(1) It is different from the past to the performance of theoretical analysis of the article, but the specific combination of case and theory;(2) in the choice of methods, the introduction of the long-term performance of SWOT analysis of the recombinant was analyzed;(3) this paper reviews the development in the HUAYU Automotive Systems Company Limited about the situation before the reorganization, the reasons for its failure are analyzed in detail, the performance evaluation of the more targeted.