Discussion on the Performance of M&A Transformation and Upgrading in Manufacturing Enterprises - Taking Hifuture Technology for Example

Abstract

Under the background of “Made in China 2025 strategy” and the integrated development of “manufacturing + Internet”, traditional manufacturing enterprises have set their hands on the Internet one after another to boost their transformation and upgrading through mergers and acquisitions and seek new profitable growth and business development. Traditional manufacturing mergers and acquisitions Internet enterprises belong to cross-border mergers and acquisitions, there is a greater risk of mergers and acquisitions, mergers and acquisitions results are full of uncertainty. According to the data of stock market and the enterprise financial index, build events analysis model and entropy value method to analyze Hifuture M&A performance of science and technology, the results show that the M&A is advantageous to the enterprise new profit growth point, but no significant positive effect on M&A performance, the main manufacturing enterprises of industry competition, resources integration after the merger synergies.