Driven by a series of favorable policies, the A-share market is experiencing a surge in mergers and acquisitions. As of August 5th, Wind data shows that there were 113 mergers and acquisitions disclosed for the first time this year, more than twice as many as the same period last year, with a focus on strategic emerging industries such as electronic components, new energy, and biotechnology, including the presence of state-owned enterprises. Zhang Xinyuan, the research director of Beijing Kefande Technology Development Co., Ltd., told reporters that in terms of transaction scale, there have been frequent large-scale mergers and acquisitions in A-shares this year, with some projects having transaction amounts exceeding 10 billion yuan. The funds mainly flow to targets with core technologies and high growth potential; In terms of transaction types, the proportion of cases where horizontal integration is used to increase market share and vertical extension is used to improve the industrial chain has significantly increased. Overall, it presents the characteristics of value driven and industry chain synergy. The main theme of mergers and acquisitions is "towards novelty and excellence". Currently, technological innovation has entered an unprecedented period of activity, and the development momentum of emerging and future industries is strong. Whoever can break through the technological bottleneck and build an innovative ecosystem first will be able to gain a first mover advantage in the new round of technological revolution and industrial transformation. Mergers and acquisitions provide enterprises with an efficient path towards innovation and optimization. On August 5th, Lionhead Technology Development Co., Ltd. (hereinafter referred to as "Lionhead") disclosed the progress of its merger and reorganization. The company plans to acquire 100% equity of Hangzhou Lipo Technology Co., Ltd. (hereinafter referred to as "Lipo Technology") through issuing shares and paying cash. After the transaction is completed, Lipper Technology will become a wholly-owned subsidiary of Lionhead Corporation. Through this, Lionhead Corporation will enter the field of machine vision, create a second growth curve, and is expected to become an "AI+intelligent manufacturing solution provider". For some traditional enterprises lacking high-tech business, mergers and acquisitions are also an important path for them to quickly achieve industrial transformation. In June of this year, the merger and reorganization application of Nanjing Chemical Fiber Co., Ltd. (hereinafter referred to as "Nanjing Chemical Fiber") was accepted by the Shanghai Stock Exchange. The company intends to purchase 100% of the shares of Nanjing Craft Equipment Manufacturing Co., Ltd. (hereinafter referred to as "Nanjing Craft") through asset replacement, issuance of shares, and cash payment. Prior to this transaction, Nanjing Chemical Fiber's main business was the production and sales of viscose staple fibers, Lyocell fibers, and PET structural core materials. After the restructuring is completed, the main business of Nanjing Chemical Fiber will be changed to the research and development, production, and sales of rolling functional components. It is understood that rolling functional components are widely used in high-end equipment manufacturing industries such as CNC machine tools, photovoltaics, and semiconductor equipment, and are the fundamental core components for achieving independent and controllable high-end equipment. While focusing on "hard" strength, the construction of ecological synergy through "strengthening the chain and supplementing the chain" is also evolving from single enterprise mergers to "full" dimensional synergy of industrial chain, innovation chain, and supply chain in A-share mergers and acquisitions. This type of merger and acquisition focuses on the integration of the upstream and downstream of the industrial chain, and achieves the goal of supplementing and strengthening the chain by strengthening business collaboration. On August 4th, semiconductor company Shanghai Xindao Electronic Technology Co., Ltd. announced that it plans to acquire the company through direct and indirect means? Shanghai Shunlei Technology Co., Ltd. (hereinafter referred to as "Shunlei Technology") holds 100% equity. Shunlei Technology, along with the company, is a power semiconductor enterprise that has been deeply involved in power devices for many years and can provide a full range of circuit protection solutions. Both parties have high synergy in business, and their advantageous product lines can achieve deep complementarity. At the same time, through the integration of research and development resources and the sharing of core technologies, both parties are expected to generate synergies in device design, process optimization, and packaging technology, jointly enhancing their technological barriers and core competitiveness in the field of power semiconductors. Beijing Lidman Biochemical Co., Ltd., an in vitro diagnostic (IVD) company, recently announced its intention to acquire no more than 70% of the shares of Beijing Xiansheng Xiangrui Biological Products Co., Ltd. After the transaction is completed, the company will add tuberculosis diagnosis and screening services to its IVD business segment, and expand its tuberculosis treatment integration business and innovative vaccine business. For Chinese biopharmaceutical companies, mergers and acquisitions are a win-win situation for all parties involved. ”Liu Lihe, Managing Director of CIC Zhuoshi Consulting, stated in an interview with reporters that in the past two years, China's biopharmaceutical investment and financing market has gradually recovered, and the country has continuously introduced support policies, entering a new stage of industry integration. Looking ahead to the future, Zhang Xinyuan stated that with the effective implementation of policies such as the new "National Nine Measures" and "Six Measures for Mergers and Acquisitions", the key role of mergers and acquisitions in optimizing resource allocation will be further highlighted. It will not only leverage the endogenous driving force of enterprises in technology research and development, business expansion, etc., but also stimulate the market's creative vitality to seek innovation and change in emerging industry layout and business model innovation, promote accelerated upgrading of industrial structure, and continuously inject momentum into the economy towards high-quality and high-level development. (New Society)