M&A Analyze on Stock Price Shocks from the Perspective of Industrial Chain: A Case Study of CATL

After the hitting of the world economy and energy markets, China accelerates energy structural adjustment to reduce fossil energy dependence, which needs new energy industry grows rapidly. This paper based on industrial chain perspective, uses CATL as samples to study the short-term performance of Mergers and acquisitions(M&A) of upstream and downstream on stock price shocks with case study method and studies the impact of M&A on the short-term performance of a business by analyzing corporate financial performance. It designed to analyse the different impact on stock price performance caused by M&A of upstream and downstream and whether M&A can bring continuous benefits for companies. It detects that stock price fluctuations can be positive and negative and the different factors of M&A target have influence on the short-term performance of M&A companies.