Research On Financial Integration Of CGN Nuclear Technology Merger And Acquisition Of Zhejiang Juner

Due to the rise of global trade protectionism,the prices of domestic production factors have further increased,and China's economy has been shifting from high-speed growth to high-quality development.Many enterprises are transforming and upgrading to enhance their competitiveness,making domestic mergers and acquisitions happen frequently.Some studies have shown that financial integration is closely related to the success of M&A activities.The purpose of financial integration is to obtain financial synergies,enhance the competitiveness of enterprises,and ultimately maximize corporate value.Therefore,companies should pay attention to the financial integration work after the merger.In 2015,China Guangdong Nuclear Power Technology Application Co.,Ltd.acquired Zhejiang Juner New Materials Co.,Ltd.,and subsequently consolidated the financial management objectives,financial management system,internal control of cash flow,stock assets and liabilities,and hoped to obtain financial Synergistic effect.Provide reference for the financial integration of other companies,especially in the polymer materials industry.Through the background of the case of CGN Nuclear Technology M & A Zhejiang Juner Company,this paper focuses on a series of measures taken by CGN Nuclear Technology for M & A integration,and focuses on the related work carried out by CGN Nuclear Technology for M & A integration,including the design of pre-acquisition agreement,pre-integration preparation,risk assessment and specific ways and measures taken for M & A integration.At the same time,according to the financial data of CGN Nuclear Technology 2015-2018 and the related financial data of comparable companies in the same industry,the relevant financial indicators are used to compare and score from the aspects of profitability,asset use efficiency,solvency and so on,Analyze and evaluate the effectiveness of its financial integration.The results show that the financial integration measures adopted by CGN technology are effective at the present stage,and the financial synergy effect after financial integration is shown.In addition,this paper also puts forward the matters that the company needs to focus on in the financial integration,as well as the limitations of this study,and tries to put forward some suggestions to provide reference for the financial integration work of other enterprises,especially the enterprises in the polymer material industry.