Research On The Reasons And Performance Of Outward M & A In Smart Industry

With the rise of smart city construction,high-tech technologies represented by the Internet of Things,artificial intelligence,cloud computing,and big data are increasingly mature and successfully promoted to all walks of life.The first category is high-tech,high value-added,and low energy consumption.The main feature of the smart industry has developed rapidly,and it stands out in the wave of industrial transformation and upgrading.In recent years,with the support of national policies and the guidance of the new medical reform plan,smart healthcare,as an important field of people's livelihood in the smart industry,has broad market prospects,and many companies have tried to enter this subdivided field.For enterprises,there are two ways to develop new businesses and enter new markets: intensional development and extensional mergers and acquisitions.Intensional development mainly refers to the use of their own resources by enterprises,and extensional mergers and acquisitions mainly refers to the merger and acquisition of external companies.When trying to quickly enter a new field,the latter is usually chosen to achieve the goal.In 2015,Dashmart successfully entered the field of medical professional purification system construction and digital operating room through merger and acquisition of Jiuxin Medical,and promoted the corporate strategy driven by the three sub-fields of "smart building,smart transportation,and smart medical" in the smart industry.It also has a certain influence in the industry.This paper selects the case of smart city construction service provider Dashi Intelligent M & A smart medical company Jiu Xin Medical.It first introduces the background of the topic selection from the field of attaching great importance to the smart industry in China.And performance research conclusions,an overview of related concepts and theories.Then,introduce the merger and acquisition case,including the company profile of both parties and the introduction of the merger implementation plan.Thirdly,the motivation of mergers and acquisitions is introduced from various aspects.In addition,the effects of the merger and acquisition were analyzed from three aspects: capital market performance,financial performance,and non-financial performance.Finally,based on the above analysis,it summarizes the impact of mergers and acquisitions on the enterprise,and whether Dash Intelligence achieves its merger and acquisition goals through mergers and acquisitions,and obtains relevant revelations.Judging from the reflection of the capital market,we have taken a positive attitude towards this incident.Specifically,the excess return rate is positive and continues to rise.After the merger and acquisition,the share price has increased,shareholder wealth has increased,and the company's short-term performance has performed well.From the perspective of financial performance,its operating income,operating capacity,profitability,development capacity,and solvency have all been improved to varying degrees,and the industrial structure has been adjusted.From the perspective of nonfinancial indicators,Dashi Intelligent successfully entered the medical purification field,its market share has increased,its research and development capabilities have also improved,and corporate mergers and acquisitions have achieved good resource synergy.Finally,this article also lists some relevant revelations obtained through the Dash Intelligent M & A case.In the context of the era of smart cities,companies should make M & A decisions in a timely manner.After selecting M & A targets,they should conduct detailed and prudent investigations and conduct relevant assessments based on their own actual conditions to determine whether the target company will conduct M & A.After the completion of the merger and acquisition,enterprises should actively pay attention to enterprise integration to obtain synergy.Moreover,as a smart industry,technological development and technological innovation are particularly important for enterprises,and can bring long-term profits to the company.