| Issue |
SHS Web Conf.
Volume 163, 2023
2023 8th International Conference on Social Sciences and Economic Development (ICSSED 2023)
|
|
|---|---|---|
| Article Number | 03014 | |
| Number of page(s) | 7 | |
| Section | Corporate Decision Making and Brand Operations Sales | |
| DOI | https://doi.org/10.1051/shsconf/202316303014 | |
| Published online | 28 April 2023 | |
Performance Analysis of Yili’s Acquisition of Ausnutria under the Background of ‘New Consumption’
1 Jilin University of Finance and Economics, Changchun, Jilin, China
2 Jilin University of Finance and Economics, Changchun, Jilin, China
* Corresponding author: a2182229161@qq.com
b 2522730257@qq.com
As a well-known dairy company in China, Yili officially completed the acquisition of infant formula goat milk powder head company Ausnutria Dairy in 2022. This acquisition has become the largest merger in the dairy industry in recent years. This paper analyzes the motivation and integration process of Yili’s merger and acquisition of Ausnutria Dairy, and uses event research method and accounting research method to measure the market performance and financial performance of the merger and acquisition, and on this basis, the effect of the merger and acquisition is systematically evaluated. The study found that after the merger, the market responded positively, shareholder wealth increased, and mergers and acquisitions had a positive impact on profitability, growth ability and solvency in addition to a slight reduction in Yili’s operating capacity. Finally, the research puts forward the enlightenment of enterprise merger and acquisition, and provides experience for enterprise horizontal merger and acquisition.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0 (https://creativecommons.org/licenses/by/4.0/).
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