电力设计企业并购策略和风险防范实践调研

Research on M & A Strategy and Risk Prevention Practices of Electric Power Design Enterprises

近年来,随着我国经济的全面发展和资本环境的日益完善,并购已逐步成为企业扩大生产经营规模、加快发展速度的重要方式。电力设计企业面对电力建设市场快速萎缩的市场环境下,纷纷转型升级,加快了并购扩张步伐;同时,由于金融机构"去杠杆",民营企业贷款难度日益增加,附属于国企的愿望也日益加大,这为电力设计企业并购提供了有利时机。但是企业并购中存在财务、税务、知识产权、人力资源、资产评估、文化冲突与整合等诸多风险。本文旨在通过调研,分析当前市场下电力设计企业并购策略和风险防范对策。

With the overall development of China’s economy and the increasingly improved capital environment in recent years,mergers and acquisitions(M&A)have gradually become an important way for enterprises to expand the scale of production and operation and speed up development.Facing the rapidly shrinking market environment of electric power construction,electric power design enterprises have transformed and upgraded successively and accelerated the pace of M&A expansion.Meanwhile,due to the"de-leveraging"of financial institutions,it is increasingly difficult for private enterprises to obtain loans and their aspirations to be affiliated with state-owned enterprises is also increasing,which provides a favorable opportunity for M&A of electric power design enterprises.However,there are many risks in M&A,such as finance,tax,intellectual property,human resources,asset evaluation,cultural conflict and integration.This paper aims to analyze the M&A strategy and risk prevention strategy of electric-power design enterprises in the current market through research.