A Research On The Influence Of Earning Power For Shanghai Friendship Merger With Shanghai Bailian

In recent years,national contact between countries is more and more closely,more reflected in economic ties,the pace of international economic integration is speeding up,in response to intensified competition in the market,more and more enterprises are expanding their capital scale in consideration of long-term development.More companies have chosen business combination to the rapid expansion of capital,merger parties to utilize each other's high quality assets to achieve powerful combination,Achieve the purpose of opening new markets,improvement of operating results.Business combination as an important way of rational distribution of social resources,can increase operational efficiency,promote the rationalization of production and marketing,and is conducive to the formation of scale or synergies.Therefore,this article studies the Shanghai Friendship merger with Shanghai Bailian on its profitability is of vatal theoretical and practical significance.Taking Shanghai Friendship Group Incorporated Company and Shanghai Bailian Group Incorporated Company as the case research object,the paper summarizes the impact of mergers on profitability caused.Friendship and Shanghai Bailian are listed companies,and are all belong to Bailian group's,mainly engaged in supermarket business,are encountering horizontal competition.Under the pressure of foreign captital giants' expansion,Bailian group is an urgent need to improve the governance structure,organization and coordination of resources,to seize the market competitive edge.At the same time,the merger is Shanghai SASAC State-owned assets in order to focus and dominant.Facts have proved that this merger a success,take advantage of favorable national policy promulgated,Friendship mergers Bailian,which makes the enterprise value chain more sophisticated,optimizing the enterprise's financial position and operating conditions,to improve the profitability of the enterprise level to a certain extent the development ability has been improved.Based on a series of financial analysis results,summarized the influence of earning power for Friendship and Bailian,the main conclusion includes three points: merge integrated high quality resources;merge promoted the improvement of the corporate governance structure;merge improved the enterprise's financial condition.In the end,this paper also gives some revelations: At the time of the bussiness combination,optimized and conform to the market is the primary premise,at the same time the combined positive integration is more important.