Study On The Motive And Performance Of Xiangtan Electrochemical Merger Of Xiangtan Wastewater Treatment Plant

Merger and acquisition,as a means for listed companies to adjust the stage of enterprise development,is,on the surface,a simple way to change the industrial structure and reasonably allocate enterprise resources.As a matter of fact,merger and acquisition is the stage that enterprises must go through in their development under the current large market economy environment,and it is also the most effective way for enterprises to change their production and management power.It plays a decisive role in rational utilization of enterprise assets,rational distribution of enterprise production factors,improvement and adjustment of product structure,promotion of complementary advantages and abandonment of disadvantages,and enhancement of enterprise competitiveness in the market economy.On the basis of reading a large number of relevant literatures,this paper first introduces the basic situation of Xiangtan Electrochemical Scientific Co.,Ltd.And Xiangtan sewage treatment plant,as well as the basic situation and content of Xiangtan Electrochemical Scientific Co.,Ltd.'s acquisition of Xiangtan sewage treatment company.Secondly,the paper analyzes the reasons for the assets reorganization of xiangtan dianhua technology co.,ltd.and the impact of the merger and reorganization on its own business performance.Thirdly,the comprehensive financial index method was used to compare and analyze the profitability,operating capacity,debt paying ability,growth ability and cash flow ability before and after the acquisition of xiangtan electro chemical technology shares in xiangtan sewage treatment plant,and the changes of financial performance before and after the acquisition.Finally,by summarizing the successful case of Xiangtan Electrochemical Scientific Co.,Ltd.,the synergistic effect of Xiangtan Electrochemical Scientific Co.,Ltd.The successful experience of this merger and acquisition case can provide a reference for the subsequent similar cases and have certain guiding significance.