Research On The Motivation And Performance Of The Sinoma Science And Technology M&A Taishan Glass Fiber

With the development of economy,the market demands more and more on enterprises at all levels.Only by improving the competitiveness of enterprises can they survive and develop in the fierce market competition.Merger and reorganization is a practical and effective way to change the serious waste of resources and extensive production mode of new material related industries in China.In recent years,with the support of the national m&a policies,M&A activities in China's new materials industry are very frequent.The success of M&A can not only enhance the competitiveness of enterprises,but also effectively integrate social resources,so more and more enterprises choose M&A.How to judge the motivation of mergers and acquisitions and how to evaluate the impact of mergers and acquisitions on enterprise performance has attracted much attention from the society.This paper selects sinoma technology,a typical case of M&A in the new materials industry,as the research object,and studies the case of sinoma technology's M&A of taishan glass fiber based on the M&A motivation,the impact of M&A on performance,and the relevant literature of M&A performance evaluation method.The article can be roughly divided into the following parts.Firstly,the paper briefly introduces the case of zhongmu technology and the target enterprise taishan glass fiber,and explains the M&A process mainly from the aspects of the M&A pricing,payment and integration.Secondly,the paper studied the M&A motivation of sinoma,and found that the M&A motivation of sinoma mainly started from the three perspectives of strategy,operation and development.From the strategic perspective,it mainly focuses on the integration of the upstream and downstream industrial chains.From the business perspective,the purpose is to improve the profitability of enterprises and expand the business to reduce operational risks.From the development perspective,the motivation mainly focuses on the acquisition of advanced technologies and the expansion of market sales.Thirdly,this paper USES financial performance method,non-financial performance method and economic value added method to study the impact of mergers and acquisitions on the performance of sinoma.The study shows that since the beginning of the merger and acquisition activities,most indicators of sinoma's operating income,profitability,operating capacity and debt paying ability have improved to varying degrees,but a few financial indicators have declined,and the decline is within a reasonable range.The enterprise's R & D ability and employee retention rate have also been enhanced to varying degrees,expanding the market.After the merger and acquisition,the economic value added of enterprises has increased significantly,indicating that the merger and acquisition activities have created real value for them.Finally,the paper hopes that a series of conclusions drawn from this case study can provide valuable reference for the development of other enterprises in the same industry.