What are the roles that can be achieved through mergers and acquisitions?

1. Realize the strategic adjustment of economic structure through mergers and acquisitions \x0d\ Through mergers and acquisitions, advantageous enterprises merge and acquire disadvantaged enterprises, enterprises in the sunrise industry merge and acquire enterprises in the sunset industry, eliminating some of the poor efficiency, backward management, engaged in the production of long products, the development of some of the good efficiency, advanced management, engaged in the production of short-term products and emerging products, technology, market prospects of the enterprise, prompted the capital from declining industries to flow into emerging industries, so that the factors of production have been fully mobile, accelerating the pace of capital withdrawal from traditional industries, accelerating the process of accumulation of capital, strengthening the strength of the advantageous enterprises, and promoting the formation of economies of scale; at the same time, objectively promote the optimization and upgrading of the structure of the industry and the industrial structure. \x0d\ 2. Promoting asset flows, expanding production scale, and improving economic efficiency through M&A \x0d\ Enterprise M&A is to bring enterprises to the market as a synthesis of physical, human, and cultural capital, and these resources basically belong to the scope of stock assets, and once these stock assets are brought to the market and optimized for combination in the whole society and even the world, the sedimented assets will be revitalized. Usually, the overall benefit of two enterprises after M&A is greater than the sum of the economic benefits of two independent enterprises. The merger and acquisition of two enterprises in the same industry can reduce the number of managers and thus the cost per unit of product; thus realizing the benefit of economies of scale, as one enterprise can make use of the research results of the other to save the cost of research work; in marketing, it can also save the cost of advertisement and sales promotion; it can make bulk purchase and save the cost of purchasing; in addition, it can also reduce the cost of capital and the cost of issuing shares, etc. . Mergers and acquisitions of two firms in different industries can increase the variety of products produced by the firms and diversify their operations, thus potentially reducing the risk of the firms. In addition, small businesses are often short of capital and are prone to bankruptcy. However, after a business merger or acquisition, the risk of financial difficulties is greatly reduced as the funds of the two businesses can be financed by each other. \x0d\ 3. Realize the concentration of capital and production through M&A and enhance the competitiveness of enterprises \x0d\ The process of M&A is the process of reorganization of production factors and economic resources, which on the one hand, can promote the transfer of economic resources to more efficient and effective areas, and realize the concentration of production and capital, and on the other hand, it can make the merged and acquired enterprises realize the advantages of mutual complementarity, and enhance the enterprise's financial, technological, human resources, and market On the other hand, it can make the enterprises after M&A realize the complementary advantages, enhance the capital, technology, talents and market advantages of the enterprises, improve the utilization efficiency and profitability of the economic resources, and achieve the benefit of economy of scale, so as to multiply the strength of the enterprises, rapidly develop into a large-scale enterprise group, and increase the proportion of the industry's output value and sales volume. On a macro level, it is conducive to improving industrial concentration, giving full play to the pioneering position of large enterprises in the industry, and focusing on the advantages of developing new products, thus promoting the upgrading of products. \x0d\ 4. Promoting the reform of state-owned enterprises through corporate mergers and acquisitions \x0d\ The state-owned economy is the mainstay of China's economy, and state-owned enterprises play a major influence in most areas of the national economy. China's state-owned economy has a wide distribution, industry, geographical distribution and other shortcomings, to a certain extent, caused the stock of state-owned assets is unreasonable, inefficient use, a large number of idle and poor circulation and other problems. In the process of state-owned enterprise reform, the use of mergers and acquisitions to complete the exit and re-entry process of some state-owned enterprises, to promote the development of the private economy, to improve economic vitality, to realize the contraction of traditional industries and the expansion of emerging industries synchronization, state-owned economy purposeful entry and exit synchronization, accelerate the reform of state-owned enterprises. \x0d\ 5. Promote cultural integration and management concepts through M&A \x0d\ For M&A to be successful, it is necessary to integrate and reorganize the production, management and cultural elements of both the merging and acquired enterprises. Specifically include: the merger and acquisition of the assets of the implementation of unified decision-making, unified scheduling, unified use of the cultural traditions of the merged and acquired enterprises to transform and reorganize into the cultural traditions of the merging and acquiring enterprises, the merger and acquisition of the management of enterprises after the management of the enterprise, the organizational structure of the merger and acquisition in accordance with the principle of streamlining and efficiency of the reorganization of the merger and acquisition of the enterprise to implement a unified supervision, control, incentives, constraints, so that mergers and acquisitions after the enterprise to become a coordinated operation, stakeholders *** the same The company's management style and organizational structure will be reorganized in accordance with the principles of streamlining and efficiency.