ANALYSIS OF THE OPERATING SITUATION OF CITIC SPECIAL STEEL UNDER THE BACKGROUND OF SUCCESSIVE MERGERS AND ACQUISITIONS
With the proposal and deepening of the supply-side structural reform,the merger and reorganization in the steel industry is becoming more and more fierce.This paper to CITIC Pacific special steel group co.,Ltd.From 2019 to 2023 consecutive acquired four companies as the background,from profitability,solvency,development ability and operating ability of its operating condition analysis,its income is not increasing,higher debt risk,insufficient operating ability and strong experience and lessons,and then strengthen the merger and acquisition stage resources and financial integration,and other enlightenment and Suggestions for continuous innovation.
Iron and steel industrySuccessive mergers and acquisitionsbusiness conditions