Research On The Performance Of Kanhoo Acquisition Of Haoneng Under The Strategy Of Industrial Chain Extension

The driving force for the growth of new energy lithium-ion industry still depends on the power batteries needed by new energy vehicles.The blowout development of new energy vehicles promotes companies in the future lithium battery industry chain to become potential stocks in the market.Since 2012,the state has issued policies frequently,which is just like icing on the cake for the development of new energy automobile industry.However,due to the low barriers and fierce competition,some enterprises in the industrial chain are disjointed.Living hard,many leading lithium battery companies are also in the nightmare of huge losses.Under the increasingly saturated market environment,lithium power enterprises can only achieve free soaring unless they break through the market constraints.Kanhoo shares can turn losses into profits under the situation of general losses in the industry,which is closely related to the realization of industrial chain extension strategy through vertical mergers and acquisitions.In view of this,this paper takes Kanhoo Stock,a practitioner of new energy lithium battery industry chain extension,as the research object.In the process of explaining the extension model of Kanhoo joint-stock industry chain,the paper explores the performance level of acquisition of Haoneng technology under the background of Kanhoo joint-stock industry chain extension,with a view to creating a unique development path for other companies in the new energy lithium-ion battery industry.Firstly,on the basis of learning and referring to the explanations of the concepts of industrial chain extension,vertical M&A and M&A performance by scholars at home and abroad,the paper introduces the main body of M&A,understands the process of M&A and analyses the motivation of Kanhoo Stock Company under the background of industrial chain extension.It can be clearly found that the main purpose of Kanhoo stock merger and acquisition is to enhance the core competitiveness and scale strength of enterprises.On the basis of the previous chapters,this paper focuses on the performance after the implementation of M&A,and elaborates the effect of M&A comprehensively from market performance,financial performance and non-financial performance.Based on the case study of vertical merger and acquisition of Kanhoo shares in the context of industrial chain extension,the inspiration is that the new energy industry needs to further optimize the industrial chain structure,gradually realize the role transformation from a single resource-dependent to independent R&D and innovation development,change the concept of development and enhance the competitiveness of core industries.New energy lithium-power enterprises can learn from the formation of extended industrial chain development based on merger and acquisition.Gong experience,etc.The main conclusions are as follows: the overall strategic objectives lay the foundation for the extension of the industrial chain of Kanhoo Stock Company;the effect of the extension of the industrial chain is significantly better than that of the long-term performance in the year of the completion of M&A;the scale and synergistic chain reaction caused by M&A make the competitive advantage of enterprises more obvious in the market.