上海莱士血液制品公司资产重组的绩效分析.docx

贵州财经大学商务学院本科毕业论文（设计） PAGE PAGE 17 上海莱士血液制品公司资产重组的绩效分析 摘要：在经济全球化发展的背景下，中国加入WTO,必然导致中国国内市场竞争空前激化。同时,适度推进实施资产重组战略,将可能为企业在打东这场没有硝烟的战争中发挥难以估盘的作用。正因为如此,资产重组特别是跨国资产重组的浪潮才席卷全世界。就全球范围而言,虽然有关资产重组的理论研究与实践探索已有近百年的历史，但是在我国尚处于发展的初级阶段,具有重要影响和一定规模的资产重组案例只是最近3一5年的事情。因此,研究和探讨上市公司资产重组问题,对促进企业改革、提高企业竞争力等,具有极为重要的意义 。 关键词：资产重组; 绩效;并购 The analysis of asset reorganization of Shanghai RAAS blood products company performance Abstract: Under the background of economic globalization, Chinas entry into the WTO will inevitably lead to an unprecedented intensification of Chinas domestic market competition. At the same time, the appropriate promotion of the implementation of the asset restructuring strategy will be possible for enterprises to play a difficult role in the war in the East. Because of this, asset restructuring, especially the wave of transnational asset restructuring, has swept the world. Globally, although the theoretical research and practical exploration of asset restructuring has been in the history of nearly one hundred years, it is still at the initial stage of development in China. The case of asset restructuring with important influence and scale is only 3 or 5 years old. Therefore, it is of great significance to study and discuss the asset reorganization of the listed companies, which will promote the reform of the enterprises and improve the competitiveness of the enterprises. Keywords: Asset reorganization; performance; merger and acquisition  目 录 TOC \o 1-3 \h \z \u 1.绪论 1 1.1研究背景 1 1.2研究意义 1 2. 上市公司资产重组的动因分析 2 2.1资产重组的宏观的经济背景 2 2.2资产重组的内在动因 2 3. 并购决策的因素分析—以上海莱士并购邦和药业为例 3 3.1并购方案概览 3 3.2换股并购决策因素分析 3 3.2.1有效提升浆站采浆规模与采浆能力 3 3.2.2有效整合采购、营销渠道，形成品牌效应 4 3.2.3有效整合双方在生产、研发方面的优势 4 3.2.4巩固上海莱士行业领先地位 5 3.2.5邦和药业有上市需求，实现曲线上市 5 3.3公司资产重组绩效的总体评价 6 3.3.1 偿债能力分析 6 3.3.2 营运能力分析 7 3.3.3 盈利能力分析 9 3.3.4 成长能力分析 10 4. 并购资产重组问题分析 11 4.1上海莱士的原股东财富值增加，提高了其短期绩效 11 4.2从财务角度分析，中长期绩效得到了改善 11 5. 规范上市公司资产重组的政策建议 12 5.1合