在市场经济条件下,企业并购作为企业的一种成长方式,不仅给企业带来了机会和收益,同时也潜藏着巨大的风险。通过以往的研究分析我们可以发现,通过并购取得成功的企业的数量占比很小,大多数企业并购是失败的。因此,对并购风险的分析及控制,对决策者来说非常重要。基于此,本文以“新湖中宝”并购案为例进行并购风险分析并提出该案例的风险防范措施。希望能够为企业的管理者和决策人员提供参考,提高企业并购效率,更好的促进我国经济的发展。 Under the conditions of market economy, M & A as a kind of growth mode of enterprises not only brings opportunities and benefits to enterprises, but also lurks huge risks. Through previous research and analysis, we can find that the number of successful enterprises through M & A is small, and the majority of M & A failures are failed. Therefore, the analysis and control of M & A risks is very important for decision-makers. Based on this, this paper takes “Xinhuzhongbao” mergers and acquisitions as an example to conduct M & A risk analysis and puts forward risk prevention measures in this case. It is hoped that it can provide references for managers and decision-makers of enterprises, improve the efficiency of M & A and promote the economic development of our country.