中国HD集团并购JS能源股份有限公司案例研究

发布时间：2018-08-13 09:12

【摘要】：近几年来,以央企为代表的国有企业兼并重组浪潮,对电力企业特别是大型电力集团影响很大。以五大发电集团为代表的大型发电集团,纷纷自愿或被迫进行兼并重组,为做大规模,争夺电力行业前列位置做准备。目前,我国电力行业正处在发展转型和战略转型期,“危、机”并存。发电行业有着良好的发展机遇,但面临的问题和困难也很突出。因此大型电力集团在兼并重组时必须注意存在的问题,站在战略的高度对兼并重组的对象和方法进行审视。本文选取电力五大集团中的中国HD集团对DDDF新能源有限公司所持沈阳JS能源股份有限公司全部股份受让并购案例为研究对象,生动描述了并购过程中的典型管理事件,并结合相关理论深入剖析了该过程中存在的问题以及问题的症结所在,在此基础上,最终提出了相应的建议与对策。本文旨在通过对中国HD集团受让并购沈阳JS能源股份有限公司的案例进行分析,提出并购中需遵循合理性、全面性、系统性等原则,完善并购绩效考评体系,通过子母控制体系引入,加强对被并购公司的财务、人力等全方面的战略层面的管理融合,加强企业文化融合、构建共同文化价值体系,为其他企业兼并重组需要重视的问题提供参考。
[Abstract]:In recent years, the wave of state-owned enterprises merger and reorganization, represented by central enterprises, has a great impact on power enterprises, especially large power groups. Large power generation groups, represented by the five major power generation groups, have volunteered or been forced to undertake mergers and reorganization in order to prepare for large-scale competition for the leading position in the power industry. At present, our country electric power industry is in the development transition and the strategic transition period, "danger, opportunity" coexists. Power generation industry has a good opportunity for development, but the problems and difficulties are also prominent. Therefore, the large electric power group must pay attention to the existing problems in the merger and reorganization, and examine the object and method of the merger and reorganization from the strategic perspective. This paper selects China HD Group among the five major power groups as the research object, and describes the typical management events in the process of M & A by selecting the case of the acquisition of all shares of Shenyang JS Energy Co., Ltd. Held by DDDF New Energy Co., Ltd. The existing problems and the crux of the problems in the process are deeply analyzed based on the relevant theories. On this basis, the corresponding suggestions and countermeasures are put forward. The purpose of this paper is to analyze the case of China HD Group's merger and acquisition of Shenyang JS Energy Co., Ltd., and put forward that the principles of rationality, comprehensiveness and systematicness should be followed in the M & A to perfect the performance appraisal system of M & A. Through the introduction of son mother control system, we should strengthen the management integration of all aspects of finance and manpower of the acquired company, strengthen the integration of corporate culture, and build a common cultural value system. For other enterprises to pay attention to mergers and reorganization issues to provide reference.
【学位授予单位】：大连理工大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F271;F426.61

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