目录摘要........................................................................................................................IAbstract.................................................................................................................I一、绪论...............................................................................................................1（一）研究背景和意义.................................................................................1（二）文献综述.............................................................................................1二、万达院线并购澳洲Hoyts的概况...............................................................2（一）公司基本情况介绍.............................................................................2（二）公司并购过程介绍.............................................................................3（三）公司并购条件的SWOT分析............................................................3（四）并购后财务状况介绍.........................................................................4三、公司并购产生的财务绩效分析...................................................................5（一）偿债能力分析.....................................................................................5（二）盈利能力分析.....................................................................................7（三）营运能力分析.....................................................................................8（四）发展能力分析...................................................................................10四、对防范万达影院并购后发展风险的建议.................................................11（一）防范并购后亏损的风险...................................................................11（二）防范国家相关政策的风险...............................................................11（三）防范现金流不稳定的风险...............................................................12五、结论.............................................................................................................12参考文献.............................................................................................................13企业并购的财务绩效分析——以万达影业并购澳洲Hoyts为例摘要：20世纪90年代以来，并购已经成为一种不可阻挡的趋势。西方发达资本主义国家经过五次良性并购循环，产生了良好的经济效应。而中国作为世界的一份子，以跨国并购为国际化经营的重要手段，成为中国企业“走出去”的重要战略之一。本文以2015年万达影业并购澳洲Hoyts为例，从偿债能力、盈利能力、营运能力、发展能力等多方面进行财务效应分析。通过这方面的分析得出万达影院并购的启示，并对防范万达影院并购后发展风险提出建议。关键词：万达影业；财务效应；风险防范FinancialPerformanceAnalysisofEnterpriseMergerandAcquisition:BasedonWandaFilmIndustryM&AHoytsAustraliaAbstract：Mergersandacquisitionshavebeenanirresistibletrendsincethe1990s.ThedevelopedcapitalistcountriesintheWesthaveproducedgoodeconomiceffectsthroughfivebenignmergercycles.China,asamemberoftheworld,hasbecomeoneoftheimportantstrategiesforChinaenterprisesto"goout"withtransnationalmergersandacquisitionsasanimportantmeansofinternationalizingbusiness.Thispaperanalyzesthefinancialeffectsfromtheaspectsofsolvency,profitability,operatingabilityanddevelopmentability,takingtheacquisitionofHoytsin2015asanexample.Throughtheanalysisofthisaspect,theenlightenmen...
