Research On M & A Performance Of Gold Listed Companies

Since the opening of the gold market in China,China’s gold industry has also received a corresponding rapid development,the current gold listed companies in the booming development and control of the strong growth of the market stage,the stage on the one hand requires enterprises from their own development point of view,Especially the issue of M & A performance,the Chinese scholars in the gold listed companies in the field of mergers and acquisitions performance,it is only a simple test of the existing conclusions,corporate mergers and acquisitions affect the performance of the company and the stock market volatility and other aspects of research,Did not conduct a comprehensive analysis of the performance of M & A performance before and after.Based on the analysis of the five indicators of M & A performance analysis,this paper analyzes the performance of M & A of listed companies in gold.It is concluded that the scale of assets of gold listed companies is increasing,Profitability,solvency,synergistic management,growth and equity expansion have improved.Then,taking Zhaojin Mining as an example,this paper analyzes the performance of Zhaojin Mining before and after M & A,mainly from the five aspects of operating performance evaluation,profitability,development ability,solvency and operation ability.Mining management,management,financial level,resulting in a good performance,the overall operational capacity has improved;followed by the use of operating performance and financial performance evaluation to show the results of the evaluation,and elaborate the problems after the merger;The overall results of the performance analysis of M & A performance.Finally,from the perspective of industry,gold listed companies point of view,Zhaojin mining angle and the legal policy point of view put forward feasible suggestions to improve China’s gold listed companies M & A performance indicators.This paper analyzes the multiple mergers and acquisitions of Zhaojin Mining,and finds that the wealth effect and long-term performance have been improved to a certain extent after the implementation of the continuous merger strategy.Most of the continuous mergers and acquisitions for the enterprise to bring a positive wealth effect,the event window during the M & A performance is good,generally better than comparable companies in the same industry,continuous M & A strategy is effective,profitability indicators increased significantly,and in the industry higher position,Reflects the comprehensive strength of the enterprise to enhance,but it is undeniable that the performance evaluation results show that Zhaojin Mining M & A M & A performance is poor.This paper mainly deals with the basic research on Zhaojin Mining.Considering the difference of the company,there are some differences in the performance of M & A and M & A.The research of this paper only provides reference.