我国上市公司商誉现状及减值分析——以^*ST众泰为例

Analysis on the Present Situation and Impairment of Goodwill of Listed Companies in China —Taking the Example of ^*ST Zotye Auto

摘要: 随着国内近几年企业并购活动的日益频繁，A股在2018年商誉已经达到了1.3万亿元的历史新高点，巨额商誉存在的同时出现了商誉大幅度计提减值的现象。本文选取^*ST众泰为代表作为案例背景，运用数据分析法和案例分析法对该企业进行分析。研究发现，商誉的增加和减值受宏观经济变动和政策调整的影响明显，商誉过分高估后会对企业资产负债结构产生巨大隐患。最后基于本文已有分析，创造性地提出有关商誉后续计量的新方法，为现存实务中对商誉的后续计量方法提供新的思路。

Abstract: With the increasingly frequent M & A (Mergers and Acquisitions) activities in China for the last few years, goodwill in the A-share market reached a record high of 1.3 trillion yuan in 2018. The exist-ence of huge goodwill has a phenomenon of significant provision for impairment of goodwill. This paper selects ^*ST Zhongtai as the representative of the case background, using data analysis and case analysis to analyze the enterprise. It is found that the increase and decrease of goodwill are obviously influenced by macroeconomic changes and policy adjustment, and the excessive overval-uation of goodwill will bring great hidden trouble to the asset and liability structure of enterprises. Finally, based on the analysis, we creatively propose a new method for the subsequent measure-ment of goodwill, and come up with new ideas for the subsequent measurement of goodwill.