id	sid	tid	token	lemma	pos
fbem-2306	1	1	frontiers	frontier	NOUN
fbem-2306	1	2	in	in	ADP
fbem-2306	1	3	business	business	NOUN
fbem-2306	1	4	,	,	PUNCT
fbem-2306	1	5	economics	economic	NOUN
fbem-2306	1	6	and	and	CCONJ
fbem-2306	1	7	management	management	NOUN
fbem-2306	1	8	issn	issn	PROPN
fbem-2306	1	9	:	:	PUNCT
fbem-2306	1	10	2766	2766	NUM
fbem-2306	1	11	-	-	PUNCT
fbem-2306	1	12	824x	824x	NUM
fbem-2306	1	13	|	|	ADJ
fbem-2306	1	14	vol	vol	NOUN
fbem-2306	1	15	.	.	PROPN
fbem-2306	2	1	6	6	NUM
fbem-2306	2	2	,	,	PUNCT
fbem-2306	2	3	no	no	INTJ
fbem-2306	2	4	.	.	NOUN
fbem-2306	2	5	1	1	NUM
fbem-2306	2	6	,	,	PUNCT
fbem-2306	2	7	2022	2022	NUM
fbem-2306	2	8	161	161	NUM
fbem-2306	2	9	analysis	analysis	NOUN
fbem-2306	2	10	of	of	ADP
fbem-2306	2	11	merger	merger	NOUN
fbem-2306	2	12	and	and	CCONJ
fbem-2306	2	13	acquisition	acquisition	NOUN
fbem-2306	2	14	motivation	motivation	NOUN
fbem-2306	2	15	and	and	CCONJ
fbem-2306	2	16	synergistic	synergistic	ADJ
fbem-2306	2	17	effect	effect	NOUN
fbem-2306	2	18	of	of	ADP
fbem-2306	2	19	enterprises	enterprise	NOUN
fbem-2306	2	20	‐‐	‐‐	VERB
fbem-2306	2	21	a	a	DET
fbem-2306	2	22	case	case	NOUN
fbem-2306	2	23	study	study	NOUN
fbem-2306	2	24	of	of	ADP
fbem-2306	2	25	wentai	wentai	PROPN
fbem-2306	2	26	technology	technology	NOUN
fbem-2306	2	27	's	's	PART
fbem-2306	2	28	merger	merger	NOUN
fbem-2306	2	29	and	and	CCONJ
fbem-2306	2	30	acquisition	acquisition	NOUN
fbem-2306	2	31	of	of	ADP
fbem-2306	2	32	anshi	anshi	PROPN
fbem-2306	2	33	semiconductor	semiconductor	PROPN
fbem-2306	2	34	pei	pei	PROPN
fbem-2306	2	35	wu	wu	PROPN
fbem-2306	2	36	,	,	PUNCT
fbem-2306	2	37	bulei	bulei	VERB
fbem-2306	2	38	yu	yu	PROPN
fbem-2306	2	39	*	*	PROPN
fbem-2306	2	40	,	,	PUNCT
fbem-2306	2	41	bangbiao	bangbiao	NOUN
fbem-2306	2	42	zhong	zhong	PROPN
fbem-2306	2	43	school	school	PROPN
fbem-2306	2	44	of	of	ADP
fbem-2306	2	45	management	management	NOUN
fbem-2306	2	46	,	,	PUNCT
fbem-2306	2	47	sichuan	sichuan	PROPN
fbem-2306	2	48	university	university	PROPN
fbem-2306	2	49	of	of	ADP
fbem-2306	2	50	science	science	PROPN
fbem-2306	2	51	&	&	CCONJ
fbem-2306	2	52	engineering	engineering	PROPN
fbem-2306	2	53	,	,	PUNCT
fbem-2306	2	54	zigong	zigong	PROPN
fbem-2306	2	55	643000	643000	NUM
fbem-2306	2	56	,	,	PUNCT
fbem-2306	2	57	china	china	PROPN
fbem-2306	2	58	*	*	PUNCT
fbem-2306	2	59	corresponding	correspond	VERB
fbem-2306	2	60	author	author	NOUN
fbem-2306	2	61	:	:	PUNCT
fbem-2306	2	62	bulei	bulei	PROPN
fbem-2306	2	63	yu	yu	PROPN
fbem-2306	2	64	(	(	PUNCT
fbem-2306	2	65	email	email	NOUN
fbem-2306	2	66	:	:	PUNCT
fbem-2306	2	67	yubulei@126.com	yubulei@126.com	NOUN
fbem-2306	2	68	)	)	PUNCT
fbem-2306	2	69	abstract	abstract	NOUN
fbem-2306	2	70	:	:	PUNCT
fbem-2306	2	71	with	with	ADP
fbem-2306	2	72	the	the	DET
fbem-2306	2	73	advancement	advancement	NOUN
fbem-2306	2	74	of	of	ADP
fbem-2306	2	75	the	the	DET
fbem-2306	2	76	14th	14th	ADJ
fbem-2306	2	77	five	five	NUM
fbem-2306	2	78	-	-	PUNCT
fbem-2306	2	79	year	year	NOUN
fbem-2306	2	80	plan	plan	NOUN
fbem-2306	2	81	,	,	PUNCT
fbem-2306	2	82	supporting	support	VERB
fbem-2306	2	83	the	the	DET
fbem-2306	2	84	development	development	NOUN
fbem-2306	2	85	of	of	ADP
fbem-2306	2	86	the	the	DET
fbem-2306	2	87	semiconductor	semiconductor	NOUN
fbem-2306	2	88	industry	industry	NOUN
fbem-2306	2	89	has	have	AUX
fbem-2306	2	90	become	become	VERB
fbem-2306	2	91	an	an	DET
fbem-2306	2	92	important	important	ADJ
fbem-2306	2	93	development	development	NOUN
fbem-2306	2	94	strategy	strategy	NOUN
fbem-2306	2	95	in	in	ADP
fbem-2306	2	96	china	china	PROPN
fbem-2306	2	97	.	.	PUNCT
fbem-2306	3	1	in	in	ADP
fbem-2306	3	2	addition	addition	NOUN
fbem-2306	3	3	to	to	ADP
fbem-2306	3	4	the	the	DET
fbem-2306	3	5	market	market	NOUN
fbem-2306	3	6	environment	environment	NOUN
fbem-2306	3	7	,	,	PUNCT
fbem-2306	3	8	with	with	ADP
fbem-2306	3	9	the	the	DET
fbem-2306	3	10	rapid	rapid	ADJ
fbem-2306	3	11	development	development	NOUN
fbem-2306	3	12	of	of	ADP
fbem-2306	3	13	artificial	artificial	ADJ
fbem-2306	3	14	intelligence	intelligence	NOUN
fbem-2306	3	15	,	,	PUNCT
fbem-2306	3	16	the	the	DET
fbem-2306	3	17	market	market	NOUN
fbem-2306	3	18	demand	demand	NOUN
fbem-2306	3	19	for	for	ADP
fbem-2306	3	20	semiconductors	semiconductor	NOUN
fbem-2306	3	21	has	have	AUX
fbem-2306	3	22	risen	rise	VERB
fbem-2306	3	23	sharply	sharply	ADV
fbem-2306	3	24	.	.	PUNCT
fbem-2306	4	1	in	in	ADP
fbem-2306	4	2	this	this	DET
fbem-2306	4	3	context	context	NOUN
fbem-2306	4	4	,	,	PUNCT
fbem-2306	4	5	many	many	ADJ
fbem-2306	4	6	domestic	domestic	ADJ
fbem-2306	4	7	companies	company	NOUN
fbem-2306	4	8	choose	choose	VERB
fbem-2306	4	9	to	to	PART
fbem-2306	4	10	seek	seek	VERB
fbem-2306	4	11	new	new	ADJ
fbem-2306	4	12	growth	growth	NOUN
fbem-2306	4	13	points	point	NOUN
fbem-2306	4	14	through	through	ADP
fbem-2306	4	15	the	the	DET
fbem-2306	4	16	layout	layout	NOUN
fbem-2306	4	17	of	of	ADP
fbem-2306	4	18	the	the	DET
fbem-2306	4	19	semiconductor	semiconductor	NOUN
fbem-2306	4	20	business	business	NOUN
fbem-2306	4	21	,	,	PUNCT
fbem-2306	4	22	but	but	CCONJ
fbem-2306	4	23	due	due	ADP
fbem-2306	4	24	to	to	ADP
fbem-2306	4	25	the	the	DET
fbem-2306	4	26	high	high	ADJ
fbem-2306	4	27	technical	technical	ADJ
fbem-2306	4	28	barriers	barrier	NOUN
fbem-2306	4	29	in	in	ADP
fbem-2306	4	30	the	the	DET
fbem-2306	4	31	semiconductor	semiconductor	NOUN
fbem-2306	4	32	industry	industry	NOUN
fbem-2306	4	33	,	,	PUNCT
fbem-2306	4	34	many	many	ADJ
fbem-2306	4	35	enterprises	enterprise	NOUN
fbem-2306	4	36	choose	choose	VERB
fbem-2306	4	37	to	to	PART
fbem-2306	4	38	seek	seek	VERB
fbem-2306	4	39	ready	ready	ADV
fbem-2306	4	40	-	-	PUNCT
fbem-2306	4	41	made	make	VERB
fbem-2306	4	42	technical	technical	ADJ
fbem-2306	4	43	resources	resource	NOUN
fbem-2306	4	44	through	through	ADP
fbem-2306	4	45	mergers	merger	NOUN
fbem-2306	4	46	and	and	CCONJ
fbem-2306	4	47	acquisitions	acquisition	NOUN
fbem-2306	4	48	to	to	PART
fbem-2306	4	49	obtain	obtain	VERB
fbem-2306	4	50	new	new	ADJ
fbem-2306	4	51	growth	growth	NOUN
fbem-2306	4	52	points	point	NOUN
fbem-2306	4	53	.	.	PUNCT
fbem-2306	5	1	based	base	VERB
fbem-2306	5	2	on	on	ADP
fbem-2306	5	3	this	this	DET
fbem-2306	5	4	background	background	NOUN
fbem-2306	5	5	,	,	PUNCT
fbem-2306	5	6	through	through	ADP
fbem-2306	5	7	the	the	DET
fbem-2306	5	8	case	case	NOUN
fbem-2306	5	9	analysis	analysis	NOUN
fbem-2306	5	10	of	of	ADP
fbem-2306	5	11	enterprise	enterprise	NOUN
fbem-2306	5	12	merger	merger	NOUN
fbem-2306	5	13	and	and	CCONJ
fbem-2306	5	14	acquisition	acquisition	NOUN
fbem-2306	5	15	,	,	PUNCT
fbem-2306	5	16	the	the	DET
fbem-2306	5	17	motivation	motivation	NOUN
fbem-2306	5	18	and	and	CCONJ
fbem-2306	5	19	synergistic	synergistic	ADJ
fbem-2306	5	20	effect	effect	NOUN
fbem-2306	5	21	of	of	ADP
fbem-2306	5	22	enterprise	enterprise	NOUN
fbem-2306	5	23	merger	merger	NOUN
fbem-2306	5	24	and	and	CCONJ
fbem-2306	5	25	acquisition	acquisition	NOUN
fbem-2306	5	26	are	be	AUX
fbem-2306	5	27	studied	study	VERB
fbem-2306	5	28	,	,	PUNCT
fbem-2306	5	29	and	and	CCONJ
fbem-2306	5	30	the	the	DET
fbem-2306	5	31	existing	exist	VERB
fbem-2306	5	32	problems	problem	NOUN
fbem-2306	5	33	and	and	CCONJ
fbem-2306	5	34	experience	experience	NOUN
fbem-2306	5	35	in	in	ADP
fbem-2306	5	36	the	the	DET
fbem-2306	5	37	process	process	NOUN
fbem-2306	5	38	of	of	ADP
fbem-2306	5	39	enterprise	enterprise	NOUN
fbem-2306	5	40	merger	merger	NOUN
fbem-2306	5	41	and	and	CCONJ
fbem-2306	5	42	acquisition	acquisition	NOUN
fbem-2306	5	43	are	be	AUX
fbem-2306	5	44	summarized	summarize	VERB
fbem-2306	5	45	.	.	PUNCT
fbem-2306	6	1	the	the	DET
fbem-2306	6	2	research	research	NOUN
fbem-2306	6	3	conclusion	conclusion	NOUN
fbem-2306	6	4	has	have	VERB
fbem-2306	6	5	a	a	DET
fbem-2306	6	6	certain	certain	ADJ
fbem-2306	6	7	objective	objective	ADJ
fbem-2306	6	8	and	and	CCONJ
fbem-2306	6	9	practical	practical	ADJ
fbem-2306	6	10	significance	significance	NOUN
fbem-2306	6	11	.	.	PUNCT
fbem-2306	7	1	keywords	keyword	NOUN
fbem-2306	7	2	:	:	PUNCT
fbem-2306	7	3	merger	merger	NOUN
fbem-2306	7	4	and	and	CCONJ
fbem-2306	7	5	acquisition	acquisition	NOUN
fbem-2306	7	6	,	,	PUNCT
fbem-2306	7	7	m&a	m&a	PROPN
fbem-2306	7	8	motivation	motivation	NOUN
fbem-2306	7	9	,	,	PUNCT
fbem-2306	7	10	synergistic	synergistic	ADJ
fbem-2306	7	11	effect	effect	NOUN
fbem-2306	7	12	.	.	PUNCT
fbem-2306	8	1	1	1	X
fbem-2306	8	2	.	.	X
fbem-2306	8	3	introduction	introduction	NOUN
fbem-2306	8	4	under	under	ADP
fbem-2306	8	5	the	the	DET
fbem-2306	8	6	policy	policy	NOUN
fbem-2306	8	7	background	background	NOUN
fbem-2306	8	8	of	of	ADP
fbem-2306	8	9	"	"	PUNCT
fbem-2306	8	10	one	one	NUM
fbem-2306	8	11	belt	belt	NOUN
fbem-2306	8	12	and	and	CCONJ
fbem-2306	8	13	one	one	NUM
fbem-2306	8	14	road	road	NOUN
fbem-2306	8	15	"	"	PUNCT
fbem-2306	8	16	,	,	PUNCT
fbem-2306	8	17	more	more	ADJ
fbem-2306	8	18	and	and	CCONJ
fbem-2306	8	19	more	more	ADJ
fbem-2306	8	20	domestic	domestic	ADJ
fbem-2306	8	21	enterprises	enterprise	NOUN
fbem-2306	8	22	are	be	AUX
fbem-2306	8	23	participating	participate	VERB
fbem-2306	8	24	in	in	ADP
fbem-2306	8	25	the	the	DET
fbem-2306	8	26	wave	wave	NOUN
fbem-2306	8	27	of	of	ADP
fbem-2306	8	28	global	global	ADJ
fbem-2306	8	29	mergers	merger	NOUN
fbem-2306	8	30	and	and	CCONJ
fbem-2306	8	31	acquisitions	acquisition	NOUN
fbem-2306	8	32	.	.	PUNCT
fbem-2306	9	1	in	in	ADP
fbem-2306	9	2	recent	recent	ADJ
fbem-2306	9	3	years	year	NOUN
fbem-2306	9	4	,	,	PUNCT
fbem-2306	9	5	the	the	DET
fbem-2306	9	6	number	number	NOUN
fbem-2306	9	7	of	of	ADP
fbem-2306	9	8	mergers	merger	NOUN
fbem-2306	9	9	and	and	CCONJ
fbem-2306	9	10	acquisitions	acquisition	NOUN
fbem-2306	9	11	in	in	ADP
fbem-2306	9	12	china	china	PROPN
fbem-2306	9	13	has	have	AUX
fbem-2306	9	14	been	be	AUX
fbem-2306	9	15	increasing	increase	VERB
fbem-2306	9	16	,	,	PUNCT
fbem-2306	9	17	but	but	CCONJ
fbem-2306	9	18	the	the	DET
fbem-2306	9	19	quality	quality	NOUN
fbem-2306	9	20	of	of	ADP
fbem-2306	9	21	mergers	merger	NOUN
fbem-2306	9	22	and	and	CCONJ
fbem-2306	9	23	acquisitions	acquisition	NOUN
fbem-2306	9	24	is	be	AUX
fbem-2306	9	25	not	not	PART
fbem-2306	9	26	high	high	ADJ
fbem-2306	9	27	,	,	PUNCT
fbem-2306	9	28	and	and	CCONJ
fbem-2306	9	29	there	there	PRON
fbem-2306	9	30	are	be	VERB
fbem-2306	9	31	a	a	DET
fbem-2306	9	32	few	few	ADJ
fbem-2306	9	33	failed	fail	VERB
fbem-2306	9	34	cases	case	NOUN
fbem-2306	9	35	.	.	PUNCT
fbem-2306	10	1	at	at	ADP
fbem-2306	10	2	present	present	ADJ
fbem-2306	10	3	,	,	PUNCT
fbem-2306	10	4	there	there	PRON
fbem-2306	10	5	are	be	VERB
fbem-2306	10	6	a	a	DET
fbem-2306	10	7	lot	lot	NOUN
fbem-2306	10	8	of	of	ADP
fbem-2306	10	9	studies	study	NOUN
fbem-2306	10	10	on	on	ADP
fbem-2306	10	11	the	the	DET
fbem-2306	10	12	synergistic	synergistic	ADJ
fbem-2306	10	13	effect	effect	NOUN
fbem-2306	10	14	of	of	ADP
fbem-2306	10	15	mergers	merger	NOUN
fbem-2306	10	16	and	and	CCONJ
fbem-2306	10	17	acquisitions	acquisition	NOUN
fbem-2306	10	18	in	in	ADP
fbem-2306	10	19	china	china	PROPN
fbem-2306	10	20	,	,	PUNCT
fbem-2306	10	21	and	and	CCONJ
fbem-2306	10	22	various	various	ADJ
fbem-2306	10	23	views	view	NOUN
fbem-2306	10	24	and	and	CCONJ
fbem-2306	10	25	suggestions	suggestion	NOUN
fbem-2306	10	26	have	have	AUX
fbem-2306	10	27	been	be	AUX
fbem-2306	10	28	put	put	VERB
fbem-2306	10	29	forward	forward	ADV
fbem-2306	10	30	.	.	PUNCT
fbem-2306	11	1	jiang	jiang	PROPN
fbem-2306	11	2	nan	nan	PROPN
fbem-2306	11	3	(	(	PUNCT
fbem-2306	11	4	2014	2014	NUM
fbem-2306	11	5	)	)	PUNCT
fbem-2306	11	6	,	,	PUNCT
fbem-2306	11	7	wang	wang	PROPN
fbem-2306	11	8	xiuli	xiuli	PROPN
fbem-2306	11	9	and	and	CCONJ
fbem-2306	11	10	liu	liu	PROPN
fbem-2306	11	11	zijian	zijian	PROPN
fbem-2306	11	12	(	(	PUNCT
fbem-2306	11	13	2014	2014	NUM
fbem-2306	11	14	)	)	PUNCT
fbem-2306	11	15	,	,	PUNCT
fbem-2306	11	16	liao	liao	PROPN
fbem-2306	11	17	xinxin	xinxin	PROPN
fbem-2306	11	18	,	,	PUNCT
fbem-2306	11	19	liu	liu	PROPN
fbem-2306	11	20	yunguo	yunguo	PROPN
fbem-2306	11	21	,	,	PUNCT
fbem-2306	11	22	and	and	CCONJ
fbem-2306	11	23	lan	lan	PROPN
fbem-2306	11	24	hailin	hailin	PROPN
fbem-2306	11	25	(	(	PUNCT
fbem-2306	11	26	2019	2019	NUM
fbem-2306	11	27	)	)	PUNCT
fbem-2306	11	28	found	find	VERB
fbem-2306	11	29	through	through	ADP
fbem-2306	11	30	research	research	NOUN
fbem-2306	11	31	that	that	SCONJ
fbem-2306	11	32	m&a	m&a	PROPN
fbem-2306	11	33	enterprises	enterprise	NOUN
fbem-2306	11	34	achieved	achieve	VERB
fbem-2306	11	35	the	the	DET
fbem-2306	11	36	goals	goal	NOUN
fbem-2306	11	37	of	of	ADP
fbem-2306	11	38	increasing	increase	VERB
fbem-2306	11	39	financial	financial	ADJ
fbem-2306	11	40	performance	performance	NOUN
fbem-2306	11	41	,	,	PUNCT
fbem-2306	11	42	expanding	expand	VERB
fbem-2306	11	43	enterprise	enterprise	NOUN
fbem-2306	11	44	scale	scale	NOUN
fbem-2306	11	45	,	,	PUNCT
fbem-2306	11	46	improving	improve	VERB
fbem-2306	11	47	market	market	NOUN
fbem-2306	11	48	share	share	NOUN
fbem-2306	11	49	,	,	PUNCT
fbem-2306	11	50	optimizing	optimize	VERB
fbem-2306	11	51	resource	resource	NOUN
fbem-2306	11	52	allocation	allocation	NOUN
fbem-2306	11	53	and	and	CCONJ
fbem-2306	11	54	reducing	reduce	VERB
fbem-2306	11	55	cost	cost	NOUN
fbem-2306	11	56	through	through	ADP
fbem-2306	11	57	m&a	m&a	PROPN
fbem-2306	11	58	activities	activity	NOUN
fbem-2306	11	59	,	,	PUNCT
fbem-2306	11	60	and	and	CCONJ
fbem-2306	11	61	brought	bring	VERB
fbem-2306	11	62	about	about	ADP
fbem-2306	11	63	certain	certain	ADJ
fbem-2306	11	64	synergistic	synergistic	ADJ
fbem-2306	11	65	effects[1	effects[1	NOUN
fbem-2306	11	66	]	]	PUNCT
fbem-2306	11	67	.	.	PUNCT
fbem-2306	12	1	tong	tong	PROPN
fbem-2306	12	2	yingxiang	yingxiang	PROPN
fbem-2306	12	3	et	et	PROPN
fbem-2306	12	4	al	al	PROPN
fbem-2306	12	5	.	.	PROPN
fbem-2306	13	1	(	(	PUNCT
fbem-2306	13	2	2021	2021	NUM
fbem-2306	13	3	)	)	PUNCT
fbem-2306	13	4	believe	believe	VERB
fbem-2306	13	5	that	that	SCONJ
fbem-2306	13	6	enterprises	enterprise	NOUN
fbem-2306	13	7	have	have	AUX
fbem-2306	13	8	achieved	achieve	VERB
fbem-2306	13	9	rapid	rapid	ADJ
fbem-2306	13	10	development	development	NOUN
fbem-2306	13	11	and	and	CCONJ
fbem-2306	13	12	positive	positive	ADJ
fbem-2306	13	13	synergies	synergy	NOUN
fbem-2306	13	14	after	after	ADP
fbem-2306	13	15	mergers	merger	NOUN
fbem-2306	13	16	and	and	CCONJ
fbem-2306	13	17	acquisitions[4	acquisitions[4	NOUN
fbem-2306	13	18	]	]	PUNCT
fbem-2306	13	19	.	.	PUNCT
fbem-2306	14	1	he	he	PRON
fbem-2306	14	2	luling	luling	PROPN
fbem-2306	14	3	(	(	PUNCT
fbem-2306	14	4	2018	2018	NUM
fbem-2306	14	5	)	)	PUNCT
fbem-2306	14	6	,	,	PUNCT
fbem-2306	14	7	huang	huang	PROPN
fbem-2306	14	8	hongbin	hongbin	PROPN
fbem-2306	14	9	,	,	PUNCT
fbem-2306	14	10	and	and	CCONJ
fbem-2306	14	11	yao	yao	PROPN
fbem-2306	14	12	yu	yu	PROPN
fbem-2306	14	13	(	(	PUNCT
fbem-2306	14	14	2019	2019	NUM
fbem-2306	14	15	)	)	PUNCT
fbem-2306	14	16	suggested	suggest	VERB
fbem-2306	14	17	that	that	SCONJ
fbem-2306	14	18	enterprises	enterprise	NOUN
fbem-2306	14	19	should	should	AUX
fbem-2306	14	20	carefully	carefully	ADV
fbem-2306	14	21	select	select	VERB
fbem-2306	14	22	merger	merger	NOUN
fbem-2306	14	23	and	and	CCONJ
fbem-2306	14	24	acquisition	acquisition	NOUN
fbem-2306	14	25	targets	target	NOUN
fbem-2306	14	26	and	and	CCONJ
fbem-2306	14	27	attach	attach	VERB
fbem-2306	14	28	importance	importance	NOUN
fbem-2306	14	29	to	to	ADP
fbem-2306	14	30	resource	resource	NOUN
fbem-2306	14	31	integration	integration	NOUN
fbem-2306	14	32	among	among	ADP
fbem-2306	14	33	enterprises	enterprise	NOUN
fbem-2306	14	34	[	[	X
fbem-2306	14	35	5,6	5,6	NUM
fbem-2306	14	36	]	]	X
fbem-2306	14	37	.	.	PUNCT
fbem-2306	15	1	zhang	zhang	PROPN
fbem-2306	15	2	jianru	jianru	PROPN
fbem-2306	15	3	and	and	CCONJ
fbem-2306	15	4	wang	wang	PROPN
fbem-2306	15	5	lu	lu	PROPN
fbem-2306	15	6	(	(	PUNCT
fbem-2306	15	7	2015	2015	NUM
fbem-2306	15	8	)	)	PUNCT
fbem-2306	15	9	believe	believe	VERB
fbem-2306	15	10	that	that	SCONJ
fbem-2306	15	11	the	the	DET
fbem-2306	15	12	key	key	NOUN
fbem-2306	15	13	to	to	ADP
fbem-2306	15	14	the	the	DET
fbem-2306	15	15	success	success	NOUN
fbem-2306	15	16	of	of	ADP
fbem-2306	15	17	m&a	m&a	PROPN
fbem-2306	15	18	lies	lie	VERB
fbem-2306	15	19	in	in	ADP
fbem-2306	15	20	whether	whether	SCONJ
fbem-2306	15	21	it	it	PRON
fbem-2306	15	22	is	be	AUX
fbem-2306	15	23	effectively	effectively	ADV
fbem-2306	15	24	integrated	integrate	VERB
fbem-2306	15	25	after	after	ADP
fbem-2306	15	26	m&a	m&a	PROPN
fbem-2306	15	27	and	and	CCONJ
fbem-2306	15	28	obtains	obtain	VERB
fbem-2306	15	29	a	a	DET
fbem-2306	15	30	synergistic	synergistic	ADJ
fbem-2306	15	31	effect	effect	NOUN
fbem-2306	15	32	[	[	X
fbem-2306	15	33	7	7	NUM
fbem-2306	15	34	]	]	PUNCT
fbem-2306	15	35	.	.	PUNCT
fbem-2306	16	1	according	accord	VERB
fbem-2306	16	2	to	to	ADP
fbem-2306	16	3	li	li	PROPN
fbem-2306	16	4	dongdong	dongdong	PROPN
fbem-2306	16	5	and	and	CCONJ
fbem-2306	16	6	cheng	cheng	PROPN
fbem-2306	16	7	ming	ming	PROPN
fbem-2306	16	8	(	(	PUNCT
fbem-2306	16	9	2009	2009	NUM
fbem-2306	16	10	)	)	PUNCT
fbem-2306	16	11	,	,	PUNCT
fbem-2306	16	12	how	how	SCONJ
fbem-2306	16	13	to	to	ADP
fbem-2306	16	14	strengthening	strengthen	VERB
fbem-2306	16	15	synergies	synergy	NOUN
fbem-2306	16	16	after	after	SCONJ
fbem-2306	16	17	m&a	m&a	PROPN
fbem-2306	16	18	should	should	AUX
fbem-2306	16	19	be	be	AUX
fbem-2306	16	20	the	the	DET
fbem-2306	16	21	focus	focus	NOUN
fbem-2306	16	22	of	of	ADP
fbem-2306	16	23	m&a	m&a	PROPN
fbem-2306	16	24	enterprises	enterprise	NOUN
fbem-2306	16	25	[	[	X
fbem-2306	16	26	8	8	NUM
fbem-2306	16	27	]	]	PUNCT
fbem-2306	16	28	.	.	PUNCT
fbem-2306	17	1	although	although	SCONJ
fbem-2306	17	2	there	there	PRON
fbem-2306	17	3	is	be	VERB
fbem-2306	17	4	much	much	ADJ
fbem-2306	17	5	research	research	NOUN
fbem-2306	17	6	on	on	ADP
fbem-2306	17	7	mergers	merger	NOUN
fbem-2306	17	8	and	and	CCONJ
fbem-2306	17	9	acquisitions	acquisition	NOUN
fbem-2306	17	10	in	in	ADP
fbem-2306	17	11	china	china	PROPN
fbem-2306	17	12	,	,	PUNCT
fbem-2306	17	13	there	there	PRON
fbem-2306	17	14	are	be	VERB
fbem-2306	17	15	few	few	ADJ
fbem-2306	17	16	case	case	NOUN
fbem-2306	17	17	studies	study	NOUN
fbem-2306	17	18	on	on	ADP
fbem-2306	17	19	the	the	DET
fbem-2306	17	20	semiconductor	semiconductor	NOUN
fbem-2306	17	21	electronic	electronic	ADJ
fbem-2306	17	22	information	information	NOUN
fbem-2306	17	23	manufacturing	manufacture	VERB
fbem-2306	17	24	industry	industry	NOUN
fbem-2306	17	25	due	due	ADP
fbem-2306	17	26	to	to	ADP
fbem-2306	17	27	the	the	DET
fbem-2306	17	28	nascent	nascent	ADJ
fbem-2306	17	29	semiconductor	semiconductor	NOUN
fbem-2306	17	30	industry	industry	NOUN
fbem-2306	17	31	in	in	ADP
fbem-2306	17	32	china	china	PROPN
fbem-2306	17	33	.	.	PUNCT
fbem-2306	18	1	wentai	wentai	PROPN
fbem-2306	18	2	technology	technology	NOUN
fbem-2306	18	3	's	's	PART
fbem-2306	18	4	merger	merger	NOUN
fbem-2306	18	5	with	with	ADP
fbem-2306	18	6	anshi	anshi	ADJ
fbem-2306	18	7	semiconductor	semiconductor	NOUN
fbem-2306	18	8	is	be	AUX
fbem-2306	18	9	the	the	DET
fbem-2306	18	10	largest	large	ADJ
fbem-2306	18	11	m&a	m&a	PROPN
fbem-2306	18	12	case	case	NOUN
fbem-2306	18	13	in	in	ADP
fbem-2306	18	14	this	this	DET
fbem-2306	18	15	industry	industry	NOUN
fbem-2306	18	16	in	in	ADP
fbem-2306	18	17	recent	recent	ADJ
fbem-2306	18	18	years	year	NOUN
fbem-2306	18	19	.	.	PUNCT
fbem-2306	19	1	therefore	therefore	ADV
fbem-2306	19	2	,	,	PUNCT
fbem-2306	19	3	this	this	DET
fbem-2306	19	4	paper	paper	NOUN
fbem-2306	19	5	chooses	choose	VERB
fbem-2306	19	6	this	this	DET
fbem-2306	19	7	case	case	NOUN
fbem-2306	19	8	to	to	PART
fbem-2306	19	9	provide	provide	VERB
fbem-2306	19	10	experience	experience	NOUN
fbem-2306	19	11	and	and	CCONJ
fbem-2306	19	12	reference	reference	NOUN
fbem-2306	19	13	suggestions	suggestion	NOUN
fbem-2306	19	14	for	for	ADP
fbem-2306	19	15	the	the	DET
fbem-2306	19	16	m&a	m&a	PROPN
fbem-2306	19	17	activities	activity	NOUN
fbem-2306	19	18	of	of	ADP
fbem-2306	19	19	other	other	ADJ
fbem-2306	19	20	electronic	electronic	ADJ
fbem-2306	19	21	information	information	NOUN
fbem-2306	19	22	manufacturing	manufacturing	NOUN
fbem-2306	19	23	enterprises	enterprise	NOUN
fbem-2306	19	24	.	.	PUNCT
fbem-2306	20	1	2	2	X
fbem-2306	20	2	.	.	X
fbem-2306	20	3	summary	summary	NOUN
fbem-2306	20	4	of	of	ADP
fbem-2306	20	5	the	the	DET
fbem-2306	20	6	related	related	ADJ
fbem-2306	20	7	2.1	2.1	NUM
fbem-2306	20	8	.	.	PUNCT
fbem-2306	21	1	corporate	corporate	ADJ
fbem-2306	21	2	mergers	merger	NOUN
fbem-2306	21	3	and	and	CCONJ
fbem-2306	21	4	acquisitions	acquisition	NOUN
fbem-2306	21	5	concepts	concept	NOUN
fbem-2306	21	6	and	and	CCONJ
fbem-2306	21	7	types	type	NOUN
fbem-2306	21	8	mergers	merger	NOUN
fbem-2306	21	9	and	and	CCONJ
fbem-2306	21	10	acquisitions	acquisition	NOUN
fbem-2306	21	11	include	include	VERB
fbem-2306	21	12	acquisitions	acquisition	NOUN
fbem-2306	21	13	and	and	CCONJ
fbem-2306	21	14	mergers	merger	NOUN
fbem-2306	21	15	.	.	PUNCT
fbem-2306	22	1	an	an	DET
fbem-2306	22	2	acquisition	acquisition	NOUN
fbem-2306	22	3	is	be	AUX
fbem-2306	22	4	when	when	SCONJ
fbem-2306	22	5	one	one	NUM
fbem-2306	22	6	firm	firm	NOUN
fbem-2306	22	7	acquires	acquire	VERB
fbem-2306	22	8	and	and	CCONJ
fbem-2306	22	9	acquires	acquire	VERB
fbem-2306	22	10	an	an	DET
fbem-2306	22	11	equity	equity	NOUN
fbem-2306	22	12	stake	stake	NOUN
fbem-2306	22	13	in	in	ADP
fbem-2306	22	14	another	another	DET
fbem-2306	22	15	firm	firm	NOUN
fbem-2306	22	16	and	and	CCONJ
fbem-2306	22	17	takes	take	VERB
fbem-2306	22	18	control	control	NOUN
fbem-2306	22	19	of	of	ADP
fbem-2306	22	20	that	that	DET
fbem-2306	22	21	firm	firm	NOUN
fbem-2306	22	22	.	.	PUNCT
fbem-2306	23	1	a	a	DET
fbem-2306	23	2	merger	merger	NOUN
fbem-2306	23	3	is	be	AUX
fbem-2306	23	4	a	a	DET
fbem-2306	23	5	realignment	realignment	NOUN
fbem-2306	23	6	between	between	ADP
fbem-2306	23	7	two	two	NUM
fbem-2306	23	8	or	or	CCONJ
fbem-2306	23	9	more	more	ADJ
fbem-2306	23	10	businesses	business	NOUN
fbem-2306	23	11	.	.	PUNCT
fbem-2306	24	1	it	it	PRON
fbem-2306	24	2	is	be	AUX
fbem-2306	24	3	a	a	DET
fbem-2306	24	4	property	property	NOUN
fbem-2306	24	5	right	right	NOUN
fbem-2306	24	6	transaction	transaction	NOUN
fbem-2306	24	7	activity	activity	NOUN
fbem-2306	24	8	between	between	ADP
fbem-2306	24	9	enterprises	enterprise	NOUN
fbem-2306	24	10	in	in	ADP
fbem-2306	24	11	order	order	NOUN
fbem-2306	24	12	to	to	PART
fbem-2306	24	13	gain	gain	VERB
fbem-2306	24	14	control	control	NOUN
fbem-2306	24	15	of	of	ADP
fbem-2306	24	16	other	other	ADJ
fbem-2306	24	17	enterprises	enterprise	NOUN
fbem-2306	24	18	under	under	ADP
fbem-2306	24	19	the	the	DET
fbem-2306	24	20	role	role	NOUN
fbem-2306	24	21	of	of	ADP
fbem-2306	24	22	the	the	DET
fbem-2306	24	23	market	market	NOUN
fbem-2306	24	24	(	(	PUNCT
fbem-2306	24	25	bai	bai	PROPN
fbem-2306	24	26	kun	kun	PROPN
fbem-2306	24	27	,	,	PUNCT
fbem-2306	24	28	2013)[9	2013)[9	PROPN
fbem-2306	24	29	]	]	X
fbem-2306	24	30	.	.	PUNCT
fbem-2306	25	1	it	it	PRON
fbem-2306	25	2	can	can	AUX
fbem-2306	25	3	optimize	optimize	VERB
fbem-2306	25	4	the	the	DET
fbem-2306	25	5	allocation	allocation	NOUN
fbem-2306	25	6	of	of	ADP
fbem-2306	25	7	enterprise	enterprise	NOUN
fbem-2306	25	8	resources	resource	NOUN
fbem-2306	25	9	,	,	PUNCT
fbem-2306	25	10	adjust	adjust	VERB
fbem-2306	25	11	enterprise	enterprise	NOUN
fbem-2306	25	12	structure	structure	NOUN
fbem-2306	25	13	,	,	PUNCT
fbem-2306	25	14	improve	improve	VERB
fbem-2306	25	15	enterprise	enterprise	NOUN
fbem-2306	25	16	operating	operating	NOUN
fbem-2306	25	17	efficiency	efficiency	NOUN
fbem-2306	25	18	,	,	PUNCT
fbem-2306	25	19	and	and	CCONJ
fbem-2306	25	20	is	be	AUX
fbem-2306	25	21	a	a	DET
fbem-2306	25	22	strategy	strategy	NOUN
fbem-2306	25	23	for	for	SCONJ
fbem-2306	25	24	enterprises	enterprise	NOUN
fbem-2306	25	25	to	to	PART
fbem-2306	25	26	seek	seek	VERB
fbem-2306	25	27	development	development	NOUN
fbem-2306	25	28	through	through	ADP
fbem-2306	25	29	external	external	ADJ
fbem-2306	25	30	operating	operating	NOUN
fbem-2306	25	31	resources	resource	NOUN
fbem-2306	25	32	(	(	PUNCT
fbem-2306	25	33	shi	shi	PROPN
fbem-2306	25	34	you	you	PRON
fbem-2306	25	35	,	,	PUNCT
fbem-2306	25	36	2022)[10	2022)[10	NUM
fbem-2306	25	37	]	]	PUNCT
fbem-2306	25	38	.	.	PUNCT
fbem-2306	26	1	2.2	2.2	NUM
fbem-2306	26	2	.	.	PUNCT
fbem-2306	26	3	synergy	synergy	NOUN
fbem-2306	26	4	concepts	concept	NOUN
fbem-2306	26	5	as	as	ADV
fbem-2306	26	6	well	well	ADV
fbem-2306	26	7	as	as	ADP
fbem-2306	26	8	categories	category	NOUN
fbem-2306	26	9	the	the	DET
fbem-2306	26	10	synergy	synergy	NOUN
fbem-2306	26	11	effect	effect	NOUN
fbem-2306	26	12	refers	refer	VERB
fbem-2306	26	13	to	to	ADP
fbem-2306	26	14	the	the	DET
fbem-2306	26	15	reallocation	reallocation	NOUN
fbem-2306	26	16	of	of	ADP
fbem-2306	26	17	resources	resource	NOUN
fbem-2306	26	18	among	among	ADP
fbem-2306	26	19	enterprises	enterprise	NOUN
fbem-2306	26	20	through	through	ADP
fbem-2306	26	21	merger	merger	NOUN
fbem-2306	26	22	and	and	CCONJ
fbem-2306	26	23	acquisition	acquisition	NOUN
fbem-2306	26	24	activities	activity	NOUN
fbem-2306	26	25	to	to	PART
fbem-2306	26	26	bring	bring	VERB
fbem-2306	26	27	the	the	DET
fbem-2306	26	28	utilization	utilization	NOUN
fbem-2306	26	29	effect	effect	NOUN
fbem-2306	26	30	of	of	ADP
fbem-2306	26	31	the	the	DET
fbem-2306	26	32	original	original	ADJ
fbem-2306	26	33	resources	resource	NOUN
fbem-2306	26	34	to	to	ADP
fbem-2306	26	35	the	the	DET
fbem-2306	26	36	best	good	ADJ
fbem-2306	26	37	state	state	NOUN
fbem-2306	26	38	.	.	PUNCT
fbem-2306	27	1	its	its	PRON
fbem-2306	27	2	effect	effect	NOUN
fbem-2306	27	3	is	be	AUX
fbem-2306	27	4	far	far	ADV
fbem-2306	27	5	greater	great	ADJ
fbem-2306	27	6	than	than	ADP
fbem-2306	27	7	the	the	DET
fbem-2306	27	8	level	level	NOUN
fbem-2306	27	9	existing	exist	VERB
fbem-2306	27	10	independently	independently	ADV
fbem-2306	27	11	in	in	ADP
fbem-2306	27	12	the	the	DET
fbem-2306	27	13	enterprise	enterprise	NOUN
fbem-2306	27	14	,	,	PUNCT
fbem-2306	27	15	that	that	ADV
fbem-2306	27	16	is	is	ADV
fbem-2306	27	17	,	,	PUNCT
fbem-2306	27	18	to	to	PART
fbem-2306	27	19	achieve	achieve	VERB
fbem-2306	27	20	the	the	DET
fbem-2306	27	21	effect	effect	NOUN
fbem-2306	27	22	of	of	ADP
fbem-2306	27	23	"	"	PUNCT
fbem-2306	27	24	1	1	NUM
fbem-2306	27	25	+	+	NOUN
fbem-2306	27	26	1>2	1>2	NUM
fbem-2306	27	27	"	"	PUNCT
fbem-2306	27	28	.	.	PUNCT
fbem-2306	28	1	zhou	zhou	PROPN
fbem-2306	28	2	lu	lu	PROPN
fbem-2306	28	3	(	(	PUNCT
fbem-2306	28	4	2014	2014	NUM
fbem-2306	28	5	)	)	PUNCT
fbem-2306	28	6	discussed	discuss	VERB
fbem-2306	28	7	the	the	DET
fbem-2306	28	8	evaluation	evaluation	NOUN
fbem-2306	28	9	method	method	NOUN
fbem-2306	28	10	of	of	ADP
fbem-2306	28	11	the	the	DET
fbem-2306	28	12	synergy	synergy	NOUN
fbem-2306	28	13	effect	effect	NOUN
fbem-2306	28	14	from	from	ADP
fbem-2306	28	15	the	the	DET
fbem-2306	28	16	perspective	perspective	NOUN
fbem-2306	28	17	of	of	ADP
fbem-2306	28	18	finance	finance	NOUN
fbem-2306	28	19	;	;	PUNCT
fbem-2306	28	20	and	and	CCONJ
fbem-2306	28	21	constructed	construct	VERB
fbem-2306	28	22	a	a	DET
fbem-2306	28	23	financial	financial	ADJ
fbem-2306	28	24	analysis	analysis	NOUN
fbem-2306	28	25	framework	framework	NOUN
fbem-2306	28	26	to	to	PART
fbem-2306	28	27	detect	detect	VERB
fbem-2306	28	28	the	the	DET
fbem-2306	28	29	synergy	synergy	NOUN
fbem-2306	28	30	effect	effect	NOUN
fbem-2306	28	31	of	of	ADP
fbem-2306	28	32	enterprise	enterprise	NOUN
fbem-2306	28	33	mergers	merger	NOUN
fbem-2306	28	34	and	and	CCONJ
fbem-2306	28	35	acquisitions	acquisition	NOUN
fbem-2306	28	36	from	from	ADP
fbem-2306	28	37	the	the	DET
fbem-2306	28	38	three	three	NUM
fbem-2306	28	39	aspects	aspect	NOUN
fbem-2306	28	40	of	of	ADP
fbem-2306	28	41	management	management	NOUN
fbem-2306	28	42	,	,	PUNCT
fbem-2306	28	43	operation	operation	NOUN
fbem-2306	28	44	,	,	PUNCT
fbem-2306	28	45	and	and	CCONJ
fbem-2306	28	46	financial	financial	ADJ
fbem-2306	28	47	synergy	synergy	NOUN
fbem-2306	28	48	effect[11	effect[11	PROPN
fbem-2306	28	49	]	]	PUNCT
fbem-2306	28	50	.	.	PUNCT
fbem-2306	29	1	zhang	zhang	PROPN
fbem-2306	29	2	qiusheng	qiusheng	PROPN
fbem-2306	29	3	and	and	CCONJ
fbem-2306	29	4	zhou	zhou	PROPN
fbem-2306	29	5	lin	lin	PROPN
fbem-2306	29	6	(	(	PUNCT
fbem-2306	29	7	2003	2003	NUM
fbem-2306	29	8	)	)	PUNCT
fbem-2306	29	9	summarized	summarize	VERB
fbem-2306	29	10	the	the	DET
fbem-2306	29	11	classification	classification	NOUN
fbem-2306	29	12	of	of	ADP
fbem-2306	29	13	synergies	synergy	NOUN
fbem-2306	29	14	by	by	ADP
fbem-2306	29	15	previous	previous	ADJ
fbem-2306	29	16	scholars	scholar	NOUN
fbem-2306	29	17	:	:	PUNCT
fbem-2306	29	18	synergies	synergy	NOUN
fbem-2306	29	19	can	can	AUX
fbem-2306	29	20	be	be	AUX
fbem-2306	29	21	divided	divide	VERB
fbem-2306	29	22	into	into	ADP
fbem-2306	29	23	managerial	managerial	ADJ
fbem-2306	29	24	,	,	PUNCT
fbem-2306	29	25	operational	operational	ADJ
fbem-2306	29	26	synergies	synergy	NOUN
fbem-2306	29	27	,	,	PUNCT
fbem-2306	29	28	and	and	CCONJ
fbem-2306	29	29	financial	financial	ADJ
fbem-2306	29	30	synergies[12	synergies[12	PROPN
fbem-2306	29	31	]	]	PUNCT
fbem-2306	29	32	.	.	PUNCT
fbem-2306	30	1	management	management	NOUN
fbem-2306	30	2	synergies	synergy	NOUN
fbem-2306	30	3	,	,	PUNCT
fbem-2306	30	4	also	also	ADV
fbem-2306	30	5	known	know	VERB
fbem-2306	30	6	as	as	ADP
fbem-2306	30	7	differential	differential	ADJ
fbem-2306	30	8	efficiency	efficiency	NOUN
fbem-2306	30	9	theory	theory	NOUN
fbem-2306	30	10	,	,	PUNCT
fbem-2306	30	11	refer	refer	VERB
fbem-2306	30	12	to	to	ADP
fbem-2306	30	13	the	the	DET
fbem-2306	30	14	efficiency	efficiency	NOUN
fbem-2306	30	15	changes	change	NOUN
fbem-2306	30	16	and	and	CCONJ
fbem-2306	30	17	efficiency	efficiency	NOUN
fbem-2306	30	18	improvements	improvement	NOUN
fbem-2306	30	19	brought	bring	VERB
fbem-2306	30	20	by	by	ADP
fbem-2306	30	21	mergers	merger	NOUN
fbem-2306	30	22	and	and	CCONJ
fbem-2306	30	23	acquisitions	acquisition	NOUN
fbem-2306	30	24	to	to	ADP
fbem-2306	30	25	enterprise	enterprise	NOUN
fbem-2306	30	26	management	management	NOUN
fbem-2306	30	27	activities	activity	NOUN
fbem-2306	30	28	.	.	PUNCT
fbem-2306	31	1	in	in	ADP
fbem-2306	31	2	other	other	ADJ
fbem-2306	31	3	words	word	NOUN
fbem-2306	31	4	,	,	PUNCT
fbem-2306	31	5	the	the	DET
fbem-2306	31	6	party	party	NOUN
fbem-2306	31	7	with	with	ADP
fbem-2306	31	8	rich	rich	ADJ
fbem-2306	31	9	management	management	NOUN
fbem-2306	31	10	resources	resource	NOUN
fbem-2306	31	11	allocates	allocate	VERB
fbem-2306	31	12	resources	resource	NOUN
fbem-2306	31	13	through	through	ADP
fbem-2306	31	14	162	162	NUM
fbem-2306	31	15	merger	merger	NOUN
fbem-2306	31	16	and	and	CCONJ
fbem-2306	31	17	acquisition	acquisition	NOUN
fbem-2306	31	18	to	to	PART
fbem-2306	31	19	help	help	VERB
fbem-2306	31	20	the	the	DET
fbem-2306	31	21	party	party	NOUN
fbem-2306	31	22	with	with	ADP
fbem-2306	31	23	weak	weak	ADJ
fbem-2306	31	24	management	management	NOUN
fbem-2306	31	25	ability	ability	NOUN
fbem-2306	31	26	improve	improve	VERB
fbem-2306	31	27	management	management	NOUN
fbem-2306	31	28	efficiency	efficiency	NOUN
fbem-2306	31	29	,	,	PUNCT
fbem-2306	31	30	so	so	SCONJ
fbem-2306	31	31	that	that	SCONJ
fbem-2306	31	32	the	the	DET
fbem-2306	31	33	overall	overall	ADJ
fbem-2306	31	34	management	management	NOUN
fbem-2306	31	35	efficiency	efficiency	NOUN
fbem-2306	31	36	is	be	AUX
fbem-2306	31	37	higher	high	ADJ
fbem-2306	31	38	than	than	ADP
fbem-2306	31	39	before	before	ADP
fbem-2306	31	40	the	the	DET
fbem-2306	31	41	merger	merger	NOUN
fbem-2306	31	42	and	and	CCONJ
fbem-2306	31	43	acquisition	acquisition	NOUN
fbem-2306	31	44	,	,	PUNCT
fbem-2306	31	45	indicating	indicate	VERB
fbem-2306	31	46	that	that	SCONJ
fbem-2306	31	47	the	the	DET
fbem-2306	31	48	management	management	NOUN
fbem-2306	31	49	synergy	synergy	NOUN
fbem-2306	31	50	effect	effect	NOUN
fbem-2306	31	51	has	have	AUX
fbem-2306	31	52	been	be	AUX
fbem-2306	31	53	obtained	obtain	VERB
fbem-2306	31	54	(	(	PUNCT
fbem-2306	31	55	li	li	PROPN
fbem-2306	31	56	qingyuan	qingyuan	PROPN
fbem-2306	31	57	,	,	PUNCT
fbem-2306	31	58	2011).[13	2011).[13	NUM
fbem-2306	31	59	]	]	PUNCT
fbem-2306	31	60	.	.	PUNCT
fbem-2306	32	1	operating	operate	VERB
fbem-2306	32	2	synergies	synergy	NOUN
fbem-2306	32	3	are	be	AUX
fbem-2306	32	4	mainly	mainly	ADV
fbem-2306	32	5	reflected	reflect	VERB
fbem-2306	32	6	in	in	ADP
fbem-2306	32	7	the	the	DET
fbem-2306	32	8	improvement	improvement	NOUN
fbem-2306	32	9	of	of	ADP
fbem-2306	32	10	the	the	DET
fbem-2306	32	11	efficiency	efficiency	NOUN
fbem-2306	32	12	of	of	ADP
fbem-2306	32	13	business	business	NOUN
fbem-2306	32	14	activities	activity	NOUN
fbem-2306	32	15	and	and	CCONJ
fbem-2306	32	16	the	the	DET
fbem-2306	32	17	future	future	ADJ
fbem-2306	32	18	growth	growth	NOUN
fbem-2306	32	19	of	of	ADP
fbem-2306	32	20	enterprises	enterprise	NOUN
fbem-2306	32	21	after	after	ADP
fbem-2306	32	22	merger	merger	NOUN
fbem-2306	32	23	and	and	CCONJ
fbem-2306	32	24	acquisition	acquisition	NOUN
fbem-2306	32	25	.	.	PUNCT
fbem-2306	33	1	specifically	specifically	ADV
fbem-2306	33	2	,	,	PUNCT
fbem-2306	33	3	it	it	PRON
fbem-2306	33	4	includes	include	VERB
fbem-2306	33	5	economies	economy	NOUN
fbem-2306	33	6	of	of	ADP
fbem-2306	33	7	scale	scale	NOUN
fbem-2306	33	8	,	,	PUNCT
fbem-2306	33	9	complementary	complementary	ADJ
fbem-2306	33	10	advantages	advantage	NOUN
fbem-2306	33	11	,	,	PUNCT
fbem-2306	33	12	cost	cost	NOUN
fbem-2306	33	13	reduction	reduction	NOUN
fbem-2306	33	14	,	,	PUNCT
fbem-2306	33	15	market	market	NOUN
fbem-2306	33	16	share	share	NOUN
fbem-2306	33	17	expansion	expansion	NOUN
fbem-2306	33	18	,	,	PUNCT
fbem-2306	33	19	and	and	CCONJ
fbem-2306	33	20	more	more	ADV
fbem-2306	33	21	comprehensive	comprehensive	ADJ
fbem-2306	33	22	services	service	NOUN
fbem-2306	33	23	generated	generate	VERB
fbem-2306	33	24	by	by	ADP
fbem-2306	33	25	m&a	m&a	PROPN
fbem-2306	33	26	(	(	PUNCT
fbem-2306	33	27	xiao	xiao	PROPN
fbem-2306	33	28	xiang	xiang	PROPN
fbem-2306	33	29	,	,	PUNCT
fbem-2306	33	30	2007).[14	2007).[14	NUM
fbem-2306	33	31	]	]	X
fbem-2306	33	32	.	.	PUNCT
fbem-2306	34	1	financial	financial	ADJ
fbem-2306	34	2	synergies	synergy	NOUN
fbem-2306	34	3	refer	refer	VERB
fbem-2306	34	4	to	to	ADP
fbem-2306	34	5	the	the	DET
fbem-2306	34	6	financial	financial	ADJ
fbem-2306	34	7	benefits	benefit	NOUN
fbem-2306	34	8	brought	bring	VERB
fbem-2306	34	9	by	by	ADP
fbem-2306	34	10	mergers	merger	NOUN
fbem-2306	34	11	and	and	CCONJ
fbem-2306	34	12	acquisitions	acquisition	NOUN
fbem-2306	34	13	to	to	ADP
fbem-2306	34	14	the	the	DET
fbem-2306	34	15	company	company	NOUN
fbem-2306	34	16	,	,	PUNCT
fbem-2306	34	17	including	include	VERB
fbem-2306	34	18	the	the	DET
fbem-2306	34	19	improvement	improvement	NOUN
fbem-2306	34	20	of	of	ADP
fbem-2306	34	21	financial	financial	ADJ
fbem-2306	34	22	capacity	capacity	NOUN
fbem-2306	34	23	,	,	PUNCT
fbem-2306	34	24	reasonable	reasonable	ADJ
fbem-2306	34	25	tax	tax	NOUN
fbem-2306	34	26	avoidance	avoidance	NOUN
fbem-2306	34	27	,	,	PUNCT
fbem-2306	34	28	and	and	CCONJ
fbem-2306	34	29	expectation	expectation	NOUN
fbem-2306	34	30	effect	effect	NOUN
fbem-2306	34	31	(	(	PUNCT
fbem-2306	34	32	gao	gao	PROPN
fbem-2306	34	33	yu	yu	PROPN
fbem-2306	34	34	and	and	CCONJ
fbem-2306	34	35	niu	niu	PROPN
fbem-2306	34	36	xinxiang	xinxiang	PROPN
fbem-2306	34	37	,	,	PUNCT
fbem-2306	34	38	2016).[15].the	2016).[15].the	DET
fbem-2306	34	39	so	so	ADV
fbem-2306	34	40	-	-	PUNCT
fbem-2306	34	41	called	call	VERB
fbem-2306	34	42	financial	financial	ADJ
fbem-2306	34	43	synergy	synergy	NOUN
fbem-2306	34	44	effect	effect	NOUN
fbem-2306	34	45	refers	refer	VERB
fbem-2306	34	46	to	to	ADP
fbem-2306	34	47	the	the	DET
fbem-2306	34	48	internal	internal	ADJ
fbem-2306	34	49	funds	fund	NOUN
fbem-2306	34	50	of	of	ADP
fbem-2306	34	51	the	the	DET
fbem-2306	34	52	acquired	acquire	VERB
fbem-2306	34	53	enterprise	enterprise	NOUN
fbem-2306	34	54	with	with	ADP
fbem-2306	34	55	low	low	ADJ
fbem-2306	34	56	capital	capital	NOUN
fbem-2306	34	57	cost	cost	NOUN
fbem-2306	34	58	are	be	AUX
fbem-2306	34	59	invested	invest	VERB
fbem-2306	34	60	in	in	ADP
fbem-2306	34	61	the	the	DET
fbem-2306	34	62	high	high	ADJ
fbem-2306	34	63	-	-	PUNCT
fbem-2306	34	64	benefit	benefit	NOUN
fbem-2306	34	65	projects	project	NOUN
fbem-2306	34	66	of	of	ADP
fbem-2306	34	67	the	the	DET
fbem-2306	34	68	acquired	acquire	VERB
fbem-2306	34	69	enterprise	enterprise	NOUN
fbem-2306	34	70	after	after	ADP
fbem-2306	34	71	the	the	DET
fbem-2306	34	72	occurrence	occurrence	NOUN
fbem-2306	34	73	of	of	ADP
fbem-2306	34	74	merger	merger	NOUN
fbem-2306	34	75	and	and	CCONJ
fbem-2306	34	76	acquisition	acquisition	NOUN
fbem-2306	34	77	,	,	PUNCT
fbem-2306	34	78	so	so	SCONJ
fbem-2306	34	79	as	as	SCONJ
fbem-2306	34	80	to	to	PART
fbem-2306	34	81	improve	improve	VERB
fbem-2306	34	82	the	the	DET
fbem-2306	34	83	efficiency	efficiency	NOUN
fbem-2306	34	84	of	of	ADP
fbem-2306	34	85	the	the	DET
fbem-2306	34	86	use	use	NOUN
fbem-2306	34	87	of	of	ADP
fbem-2306	34	88	funds	fund	NOUN
fbem-2306	34	89	of	of	ADP
fbem-2306	34	90	the	the	DET
fbem-2306	34	91	merged	merge	VERB
fbem-2306	34	92	enterprise	enterprise	NOUN
fbem-2306	34	93	.	.	PUNCT
fbem-2306	35	1	3	3	X
fbem-2306	35	2	.	.	X
fbem-2306	35	3	case	case	NOUN
fbem-2306	35	4	introduced	introduce	VERB
fbem-2306	35	5	3.1	3.1	NUM
fbem-2306	35	6	.	.	PUNCT
fbem-2306	36	1	overview	overview	NOUN
fbem-2306	36	2	of	of	ADP
fbem-2306	36	3	merger	merger	NOUN
fbem-2306	36	4	and	and	CCONJ
fbem-2306	36	5	acquisition	acquisition	NOUN
fbem-2306	36	6	parties	party	NOUN
fbem-2306	36	7	3.1.1	3.1.1	NUM
fbem-2306	36	8	.	.	PUNCT
fbem-2306	37	1	profile	profile	NOUN
fbem-2306	37	2	of	of	ADP
fbem-2306	37	3	wentai	wentai	PROPN
fbem-2306	37	4	technology	technology	NOUN
fbem-2306	37	5	wentai	wentai	VERB
fbem-2306	37	6	technology	technology	NOUN
fbem-2306	37	7	was	be	AUX
fbem-2306	37	8	founded	found	VERB
fbem-2306	37	9	in	in	ADP
fbem-2306	37	10	jiaxing	jiaxing	PROPN
fbem-2306	37	11	,	,	PUNCT
fbem-2306	37	12	zhejiang	zhejiang	PROPN
fbem-2306	37	13	province	province	PROPN
fbem-2306	37	14	in	in	ADP
fbem-2306	37	15	2006	2006	NUM
fbem-2306	37	16	,	,	PUNCT
fbem-2306	37	17	and	and	CCONJ
fbem-2306	37	18	its	its	PRON
fbem-2306	37	19	main	main	ADJ
fbem-2306	37	20	business	business	NOUN
fbem-2306	37	21	is	be	AUX
fbem-2306	37	22	mobile	mobile	ADJ
fbem-2306	37	23	phone	phone	NOUN
fbem-2306	37	24	solution	solution	NOUN
fbem-2306	37	25	design	design	NOUN
fbem-2306	37	26	.	.	PUNCT
fbem-2306	38	1	in	in	ADP
fbem-2306	38	2	2008	2008	NUM
fbem-2306	38	3	,	,	PUNCT
fbem-2306	38	4	it	it	PRON
fbem-2306	38	5	started	start	VERB
fbem-2306	38	6	to	to	PART
fbem-2306	38	7	provide	provide	VERB
fbem-2306	38	8	complete	complete	ADJ
fbem-2306	38	9	machine	machine	NOUN
fbem-2306	38	10	manufacturing	manufacturing	NOUN
fbem-2306	38	11	services	service	NOUN
fbem-2306	38	12	in	in	ADP
fbem-2306	38	13	its	its	PRON
fbem-2306	38	14	production	production	NOUN
fbem-2306	38	15	base	base	NOUN
fbem-2306	38	16	in	in	ADP
fbem-2306	38	17	jiaxing	jiaxing	PROPN
fbem-2306	38	18	,	,	PUNCT
fbem-2306	38	19	transforming	transform	VERB
fbem-2306	38	20	from	from	ADP
fbem-2306	38	21	an	an	DET
fbem-2306	38	22	independent	independent	ADJ
fbem-2306	38	23	design	design	NOUN
fbem-2306	38	24	house	house	NOUN
fbem-2306	38	25	(	(	PUNCT
fbem-2306	38	26	idh	idh	PROPN
fbem-2306	38	27	)	)	PUNCT
fbem-2306	38	28	to	to	ADP
fbem-2306	38	29	an	an	DET
fbem-2306	38	30	original	original	ADJ
fbem-2306	38	31	design	design	NOUN
fbem-2306	38	32	manufacturer	manufacturer	NOUN
fbem-2306	38	33	(	(	PUNCT
fbem-2306	38	34	odm	odm	PROPN
fbem-2306	38	35	)	)	PUNCT
fbem-2306	38	36	.	.	PUNCT
fbem-2306	39	1	in	in	ADP
fbem-2306	39	2	2017	2017	NUM
fbem-2306	39	3	,	,	PUNCT
fbem-2306	39	4	the	the	DET
fbem-2306	39	5	company	company	NOUN
fbem-2306	39	6	changed	change	VERB
fbem-2306	39	7	its	its	PRON
fbem-2306	39	8	name	name	NOUN
fbem-2306	39	9	to	to	PART
fbem-2306	39	10	"	"	PUNCT
fbem-2306	39	11	wentai	wentai	VERB
fbem-2306	39	12	technology	technology	PROPN
fbem-2306	39	13	co.	co.	PROPN
fbem-2306	39	14	,	,	PUNCT
fbem-2306	39	15	ltd	ltd	PROPN
fbem-2306	39	16	.	.	PUNCT
fbem-2306	39	17	"	"	PUNCT
fbem-2306	39	18	through	through	ADP
fbem-2306	39	19	the	the	DET
fbem-2306	39	20	merger	merger	NOUN
fbem-2306	39	21	and	and	CCONJ
fbem-2306	39	22	acquisition	acquisition	NOUN
fbem-2306	39	23	of	of	ADP
fbem-2306	39	24	zhongyin	zhongyin	PROPN
fbem-2306	39	25	stock	stock	PROPN
fbem-2306	39	26	backdoor	backdoor	PROPN
fbem-2306	39	27	listing	listing	NOUN
fbem-2306	39	28	,	,	PUNCT
fbem-2306	39	29	and	and	CCONJ
fbem-2306	39	30	determined	determine	VERB
fbem-2306	39	31	the	the	DET
fbem-2306	39	32	strategic	strategic	ADJ
fbem-2306	39	33	goal	goal	NOUN
fbem-2306	39	34	of	of	ADP
fbem-2306	39	35	taking	take	VERB
fbem-2306	39	36	the	the	DET
fbem-2306	39	37	electronic	electronic	ADJ
fbem-2306	39	38	information	information	NOUN
fbem-2306	39	39	industry	industry	NOUN
fbem-2306	39	40	as	as	ADP
fbem-2306	39	41	the	the	DET
fbem-2306	39	42	core	core	NOUN
fbem-2306	39	43	development	development	NOUN
fbem-2306	39	44	direction	direction	NOUN
fbem-2306	39	45	of	of	ADP
fbem-2306	39	46	the	the	DET
fbem-2306	39	47	company	company	NOUN
fbem-2306	39	48	.	.	PUNCT
fbem-2306	40	1	as	as	ADP
fbem-2306	40	2	a	a	DET
fbem-2306	40	3	result	result	NOUN
fbem-2306	40	4	,	,	PUNCT
fbem-2306	40	5	the	the	DET
fbem-2306	40	6	company	company	NOUN
fbem-2306	40	7	has	have	AUX
fbem-2306	40	8	become	become	VERB
fbem-2306	40	9	the	the	DET
fbem-2306	40	10	only	only	ADJ
fbem-2306	40	11	mobile	mobile	ADJ
fbem-2306	40	12	phone	phone	NOUN
fbem-2306	40	13	odm	odm	PROPN
fbem-2306	40	14	company	company	NOUN
fbem-2306	40	15	listed	list	VERB
fbem-2306	40	16	in	in	ADP
fbem-2306	40	17	a	a	DET
fbem-2306	40	18	shares	share	NOUN
fbem-2306	40	19	.	.	PUNCT
fbem-2306	41	1	3.1.2	3.1.2	X
fbem-2306	41	2	.	.	PUNCT
fbem-2306	42	1	a	a	DET
fbem-2306	42	2	brief	brief	ADJ
fbem-2306	42	3	introduction	introduction	NOUN
fbem-2306	42	4	to	to	ADP
fbem-2306	42	5	anshi	anshi	PROPN
fbem-2306	42	6	semiconductor	semiconductor	PROPN
fbem-2306	42	7	anshi	anshi	PROPN
fbem-2306	42	8	semiconductor	semiconductor	NOUN
fbem-2306	42	9	is	be	AUX
fbem-2306	42	10	a	a	DET
fbem-2306	42	11	global	global	ADJ
fbem-2306	42	12	industry	industry	NOUN
fbem-2306	42	13	leader	leader	NOUN
fbem-2306	42	14	in	in	ADP
fbem-2306	42	15	semiconductor	semiconductor	NOUN
fbem-2306	42	16	standard	standard	ADJ
fbem-2306	42	17	products	product	NOUN
fbem-2306	42	18	with	with	ADP
fbem-2306	42	19	a	a	DET
fbem-2306	42	20	strong	strong	ADJ
fbem-2306	42	21	reputation	reputation	NOUN
fbem-2306	42	22	in	in	ADP
fbem-2306	42	23	the	the	DET
fbem-2306	42	24	industry	industry	NOUN
fbem-2306	42	25	,	,	PUNCT
fbem-2306	42	26	ranking	rank	VERB
fbem-2306	42	27	first	first	ADJ
fbem-2306	42	28	or	or	CCONJ
fbem-2306	42	29	second	second	ADJ
fbem-2306	42	30	in	in	ADP
fbem-2306	42	31	market	market	NOUN
fbem-2306	42	32	share	share	NOUN
fbem-2306	42	33	in	in	ADP
fbem-2306	42	34	several	several	ADJ
fbem-2306	42	35	segments	segment	NOUN
fbem-2306	42	36	.	.	PUNCT
fbem-2306	43	1	its	its	PRON
fbem-2306	43	2	main	main	ADJ
fbem-2306	43	3	products	product	NOUN
fbem-2306	43	4	are	be	AUX
fbem-2306	43	5	semiconductor	semiconductor	NOUN
fbem-2306	43	6	logic	logic	NOUN
fbem-2306	43	7	chips	chip	NOUN
fbem-2306	43	8	,	,	PUNCT
fbem-2306	43	9	discrete	discrete	ADJ
fbem-2306	43	10	devices	device	NOUN
fbem-2306	43	11	,	,	PUNCT
fbem-2306	43	12	power	power	NOUN
fbem-2306	43	13	mos	mos	PROPN
fbem-2306	43	14	devices	devices	PROPN
fbem-2306	43	15	,	,	PUNCT
fbem-2306	43	16	etc	etc	X
fbem-2306	43	17	.	.	X
fbem-2306	44	1	its	its	PRON
fbem-2306	44	2	downstream	downstream	ADJ
fbem-2306	44	3	partners	partner	NOUN
fbem-2306	44	4	cover	cover	VERB
fbem-2306	44	5	the	the	DET
fbem-2306	44	6	world	world	NOUN
fbem-2306	44	7	's	's	PART
fbem-2306	44	8	top	top	ADJ
fbem-2306	44	9	manufacturers	manufacturer	NOUN
fbem-2306	44	10	and	and	CCONJ
fbem-2306	44	11	service	service	NOUN
fbem-2306	44	12	providers	provider	NOUN
fbem-2306	44	13	in	in	ADP
fbem-2306	44	14	automotive	automotive	ADJ
fbem-2306	44	15	,	,	PUNCT
fbem-2306	44	16	communications	communication	NOUN
fbem-2306	44	17	,	,	PUNCT
fbem-2306	44	18	consumer	consumer	NOUN
fbem-2306	44	19	electronics	electronic	NOUN
fbem-2306	44	20	,	,	PUNCT
fbem-2306	44	21	and	and	CCONJ
fbem-2306	44	22	other	other	ADJ
fbem-2306	44	23	fields	field	NOUN
fbem-2306	44	24	,	,	PUNCT
fbem-2306	44	25	and	and	CCONJ
fbem-2306	44	26	its	its	PRON
fbem-2306	44	27	sales	sale	NOUN
fbem-2306	44	28	network	network	NOUN
fbem-2306	44	29	spans	span	VERB
fbem-2306	44	30	the	the	DET
fbem-2306	44	31	world	world	NOUN
fbem-2306	44	32	.	.	PUNCT
fbem-2306	45	1	3.2	3.2	NUM
fbem-2306	45	2	.	.	PUNCT
fbem-2306	45	3	m&a	m&a	PROPN
fbem-2306	45	4	process	process	NOUN
fbem-2306	45	5	on	on	ADP
fbem-2306	45	6	may	may	PROPN
fbem-2306	45	7	2	2	NUM
fbem-2306	45	8	,	,	PUNCT
fbem-2306	45	9	2018	2018	NUM
fbem-2306	45	10	,	,	PUNCT
fbem-2306	45	11	wentai	wentai	VERB
fbem-2306	45	12	technology	technology	NOUN
fbem-2306	45	13	and	and	CCONJ
fbem-2306	45	14	hefei	hefei	PROPN
fbem-2306	45	15	xinping	xinping	PROPN
fbem-2306	45	16	,	,	PUNCT
fbem-2306	45	17	the	the	DET
fbem-2306	45	18	counterparty	counterparty	NOUN
fbem-2306	45	19	of	of	ADP
fbem-2306	45	20	the	the	DET
fbem-2306	45	21	transaction	transaction	NOUN
fbem-2306	45	22	,	,	PUNCT
fbem-2306	45	23	signed	sign	VERB
fbem-2306	45	24	the	the	DET
fbem-2306	45	25	"	"	PUNCT
fbem-2306	45	26	property	property	NOUN
fbem-2306	45	27	rights	right	NOUN
fbem-2306	45	28	transfer	transfer	NOUN
fbem-2306	45	29	contract	contract	NOUN
fbem-2306	45	30	"	"	PUNCT
fbem-2306	45	31	to	to	PART
fbem-2306	45	32	acquire	acquire	VERB
fbem-2306	45	33	the	the	DET
fbem-2306	45	34	fund	fund	NOUN
fbem-2306	45	35	shares	share	NOUN
fbem-2306	45	36	of	of	ADP
fbem-2306	45	37	hefei	hefei	PROPN
fbem-2306	45	38	guangsi	guangsi	PROPN
fbem-2306	45	39	semiconductor	semiconductor	PROPN
fbem-2306	45	40	industry	industry	NOUN
fbem-2306	45	41	center	center	NOUN
fbem-2306	45	42	(	(	PUNCT
fbem-2306	45	43	limited	limited	ADJ
fbem-2306	45	44	partnership	partnership	NOUN
fbem-2306	45	45	)	)	PUNCT
fbem-2306	45	46	of	of	ADP
fbem-2306	45	47	rmb	rmb	PROPN
fbem-2306	45	48	493,664,6306.59	493,664,6306.59	NUM
fbem-2306	45	49	million	million	NUM
fbem-2306	45	50	with	with	ADP
fbem-2306	45	51	the	the	DET
fbem-2306	45	52	transaction	transaction	NOUN
fbem-2306	45	53	consideration	consideration	NOUN
fbem-2306	45	54	of	of	ADP
fbem-2306	45	55	rmb	rmb	PROPN
fbem-2306	45	56	11,435	11,435	NUM
fbem-2306	45	57	million	million	NUM
fbem-2306	45	58	.	.	PUNCT
fbem-2306	46	1	thus	thus	ADV
fbem-2306	46	2	,	,	PUNCT
fbem-2306	46	3	it	it	PRON
fbem-2306	46	4	indirectly	indirectly	ADV
fbem-2306	46	5	acquired	acquire	VERB
fbem-2306	46	6	33.66	33.66	NUM
fbem-2306	46	7	%	%	NOUN
fbem-2306	46	8	of	of	ADP
fbem-2306	46	9	the	the	DET
fbem-2306	46	10	equity	equity	NOUN
fbem-2306	46	11	of	of	ADP
fbem-2306	46	12	anshi	anshi	PROPN
fbem-2306	46	13	semiconductor	semiconductor	NOUN
fbem-2306	46	14	.	.	PUNCT
fbem-2306	47	1	in	in	ADP
fbem-2306	47	2	september	september	PROPN
fbem-2306	47	3	2018	2018	NUM
fbem-2306	47	4	,	,	PUNCT
fbem-2306	47	5	wentai	wentai	AUX
fbem-2306	47	6	announced	announce	VERB
fbem-2306	47	7	the	the	DET
fbem-2306	47	8	draft	draft	NOUN
fbem-2306	47	9	of	of	ADP
fbem-2306	47	10	the	the	DET
fbem-2306	47	11	cash	cash	NOUN
fbem-2306	47	12	purchase	purchase	NOUN
fbem-2306	47	13	and	and	CCONJ
fbem-2306	47	14	decided	decide	VERB
fbem-2306	47	15	to	to	PART
fbem-2306	47	16	acquire	acquire	VERB
fbem-2306	47	17	the	the	DET
fbem-2306	47	18	majority	majority	NOUN
fbem-2306	47	19	of	of	ADP
fbem-2306	47	20	gp	gp	NOUN
fbem-2306	47	21	and	and	CCONJ
fbem-2306	47	22	lp	lp	ADJ
fbem-2306	47	23	shares	share	NOUN
fbem-2306	47	24	(	(	PUNCT
fbem-2306	47	25	domestic	domestic	ADJ
fbem-2306	47	26	and	and	CCONJ
fbem-2306	47	27	overseas	overseas	ADV
fbem-2306	47	28	)	)	PUNCT
fbem-2306	47	29	of	of	ADP
fbem-2306	47	30	the	the	DET
fbem-2306	47	31	remaining	remain	VERB
fbem-2306	47	32	investors	investor	NOUN
fbem-2306	47	33	by	by	ADP
fbem-2306	47	34	issuing	issue	VERB
fbem-2306	47	35	shares	share	NOUN
fbem-2306	47	36	and	and	CCONJ
fbem-2306	47	37	paying	pay	VERB
fbem-2306	47	38	cash	cash	NOUN
fbem-2306	47	39	,	,	PUNCT
fbem-2306	47	40	so	so	SCONJ
fbem-2306	47	41	as	as	SCONJ
fbem-2306	47	42	to	to	PART
fbem-2306	47	43	achieve	achieve	VERB
fbem-2306	47	44	control	control	NOUN
fbem-2306	47	45	over	over	ADP
fbem-2306	47	46	the	the	DET
fbem-2306	47	47	target	target	NOUN
fbem-2306	47	48	company	company	NOUN
fbem-2306	47	49	and	and	CCONJ
fbem-2306	47	50	complete	complete	VERB
fbem-2306	47	51	the	the	DET
fbem-2306	47	52	second	second	ADJ
fbem-2306	47	53	merger	merger	NOUN
fbem-2306	47	54	and	and	CCONJ
fbem-2306	47	55	acquisition	acquisition	NOUN
fbem-2306	47	56	of	of	ADP
fbem-2306	47	57	wentai	wentai	PROPN
fbem-2306	47	58	technology	technology	NOUN
fbem-2306	47	59	and	and	CCONJ
fbem-2306	47	60	anshi	anshi	PROPN
fbem-2306	47	61	group	group	NOUN
fbem-2306	47	62	,	,	PUNCT
fbem-2306	47	63	with	with	ADP
fbem-2306	47	64	a	a	DET
fbem-2306	47	65	shareholding	shareholding	NOUN
fbem-2306	47	66	ratio	ratio	NOUN
fbem-2306	47	67	of	of	ADP
fbem-2306	47	68	74.45	74.45	NUM
fbem-2306	47	69	%	%	NOUN
fbem-2306	47	70	.	.	PUNCT
fbem-2306	48	1	on	on	ADP
fbem-2306	48	2	april	april	PROPN
fbem-2306	48	3	27	27	NUM
fbem-2306	48	4	,	,	PUNCT
fbem-2306	48	5	2020	2020	NUM
fbem-2306	48	6	,	,	PUNCT
fbem-2306	48	7	wentai	wentai	VERB
fbem-2306	48	8	technology	technology	NOUN
fbem-2306	48	9	announced	announce	VERB
fbem-2306	48	10	that	that	SCONJ
fbem-2306	48	11	it	it	PRON
fbem-2306	48	12	planned	plan	VERB
fbem-2306	48	13	to	to	PART
fbem-2306	48	14	acquire	acquire	VERB
fbem-2306	48	15	the	the	DET
fbem-2306	48	16	relevant	relevant	ADJ
fbem-2306	48	17	equity	equity	NOUN
fbem-2306	48	18	shares	share	NOUN
fbem-2306	48	19	of	of	ADP
fbem-2306	48	20	the	the	DET
fbem-2306	48	21	upper	upper	ADJ
fbem-2306	48	22	investors	investor	NOUN
fbem-2306	48	23	of	of	ADP
fbem-2306	48	24	the	the	DET
fbem-2306	48	25	remaining	remain	VERB
fbem-2306	48	26	shareholders	shareholder	NOUN
fbem-2306	48	27	by	by	ADP
fbem-2306	48	28	issuing	issue	VERB
fbem-2306	48	29	shares	share	NOUN
fbem-2306	48	30	and	and	CCONJ
fbem-2306	48	31	paying	pay	VERB
fbem-2306	48	32	cash	cash	NOUN
fbem-2306	48	33	.	.	PUNCT
fbem-2306	49	1	the	the	DET
fbem-2306	49	2	consideration	consideration	NOUN
fbem-2306	49	3	for	for	ADP
fbem-2306	49	4	this	this	DET
fbem-2306	49	5	transaction	transaction	NOUN
fbem-2306	49	6	was	be	AUX
fbem-2306	49	7	6.334	6.334	NUM
fbem-2306	49	8	billion	billion	NUM
fbem-2306	49	9	yuan	yuan	NOUN
fbem-2306	49	10	,	,	PUNCT
fbem-2306	49	11	including	include	VERB
fbem-2306	49	12	150	150	NUM
fbem-2306	49	13	million	million	NUM
fbem-2306	49	14	yuan	yuan	NOUN
fbem-2306	49	15	in	in	ADP
fbem-2306	49	16	cash	cash	NOUN
fbem-2306	49	17	and	and	CCONJ
fbem-2306	49	18	6.184	6.184	NUM
fbem-2306	49	19	billion	billion	NUM
fbem-2306	49	20	yuan	yuan	NOUN
fbem-2306	49	21	in	in	ADP
fbem-2306	49	22	shares	share	NOUN
fbem-2306	49	23	.	.	PUNCT
fbem-2306	50	1	this	this	DET
fbem-2306	50	2	marks	mark	VERB
fbem-2306	50	3	that	that	PRON
fbem-2306	50	4	the	the	DET
fbem-2306	50	5	company	company	NOUN
fbem-2306	50	6	has	have	AUX
fbem-2306	50	7	held	hold	VERB
fbem-2306	50	8	a	a	DET
fbem-2306	50	9	total	total	NOUN
fbem-2306	50	10	of	of	ADP
fbem-2306	50	11	98.23	98.23	NUM
fbem-2306	50	12	%	%	NOUN
fbem-2306	50	13	of	of	ADP
fbem-2306	50	14	hefei	hefei	PROPN
fbem-2306	50	15	yuxin	yuxin	PROPN
fbem-2306	50	16	's	's	PART
fbem-2306	50	17	equity	equity	NOUN
fbem-2306	50	18	ratio	ratio	NOUN
fbem-2306	50	19	,	,	PUNCT
fbem-2306	50	20	and	and	CCONJ
fbem-2306	50	21	indirectly	indirectly	ADV
fbem-2306	50	22	holds	hold	VERB
fbem-2306	50	23	98.23	98.23	NUM
fbem-2306	50	24	%	%	NOUN
fbem-2306	50	25	of	of	ADP
fbem-2306	50	26	the	the	DET
fbem-2306	50	27	equity	equity	NOUN
fbem-2306	50	28	ratio	ratio	NOUN
fbem-2306	50	29	of	of	ADP
fbem-2306	50	30	anshi	anshi	PROPN
fbem-2306	50	31	semiconductor	semiconductor	NOUN
fbem-2306	50	32	.	.	PUNCT
fbem-2306	51	1	on	on	ADP
fbem-2306	51	2	september	september	PROPN
fbem-2306	51	3	4	4	NUM
fbem-2306	51	4	,	,	PUNCT
fbem-2306	51	5	2020	2020	NUM
fbem-2306	51	6	,	,	PUNCT
fbem-2306	51	7	wentai	wentai	VERB
fbem-2306	51	8	technology	technology	NOUN
fbem-2306	51	9	signed	sign	VERB
fbem-2306	51	10	a	a	DET
fbem-2306	51	11	contract	contract	NOUN
fbem-2306	51	12	with	with	ADP
fbem-2306	51	13	ccb	ccb	PROPN
fbem-2306	51	14	international	international	PROPN
fbem-2306	51	15	to	to	PART
fbem-2306	51	16	formally	formally	ADV
fbem-2306	51	17	acquire	acquire	VERB
fbem-2306	51	18	the	the	DET
fbem-2306	51	19	1.77	1.77	NUM
fbem-2306	51	20	%	%	NOUN
fbem-2306	51	21	equity	equity	NOUN
fbem-2306	51	22	of	of	ADP
fbem-2306	51	23	anshi	anshi	PROPN
fbem-2306	51	24	group	group	NOUN
fbem-2306	51	25	held	hold	VERB
fbem-2306	51	26	by	by	ADP
fbem-2306	51	27	ccb	ccb	PROPN
fbem-2306	51	28	international	international	PROPN
fbem-2306	51	29	.	.	PUNCT
fbem-2306	52	1	after	after	ADP
fbem-2306	52	2	the	the	DET
fbem-2306	52	3	completion	completion	NOUN
fbem-2306	52	4	of	of	ADP
fbem-2306	52	5	the	the	DET
fbem-2306	52	6	transaction	transaction	NOUN
fbem-2306	52	7	,	,	PUNCT
fbem-2306	52	8	wentai	wentai	VERB
fbem-2306	52	9	technology	technology	NOUN
fbem-2306	52	10	holds	hold	VERB
fbem-2306	52	11	100	100	NUM
fbem-2306	52	12	%	%	NOUN
fbem-2306	52	13	of	of	ADP
fbem-2306	52	14	hefei	hefei	PROPN
fbem-2306	52	15	yuxin	yuxin	PROPN
fbem-2306	52	16	's	's	PART
fbem-2306	52	17	equity	equity	NOUN
fbem-2306	52	18	and	and	CCONJ
fbem-2306	52	19	indirectly	indirectly	ADV
fbem-2306	52	20	100	100	NUM
fbem-2306	52	21	%	%	NOUN
fbem-2306	52	22	of	of	ADP
fbem-2306	52	23	anshi	anshi	PROPN
fbem-2306	52	24	semiconductor	semiconductor	NOUN
fbem-2306	52	25	's	's	PART
fbem-2306	52	26	equity	equity	NOUN
fbem-2306	52	27	.	.	PUNCT
fbem-2306	53	1	3.3	3.3	NUM
fbem-2306	53	2	.	.	PUNCT
fbem-2306	54	1	merger	merger	NOUN
fbem-2306	54	2	and	and	CCONJ
fbem-2306	54	3	acquisition	acquisition	NOUN
fbem-2306	54	4	motivation	motivation	NOUN
fbem-2306	54	5	3.3.1	3.3.1	NUM
fbem-2306	54	6	.	.	PUNCT
fbem-2306	54	7	diversify	diversify	ADJ
fbem-2306	54	8	operations	operation	NOUN
fbem-2306	54	9	to	to	PART
fbem-2306	54	10	find	find	VERB
fbem-2306	54	11	new	new	ADJ
fbem-2306	54	12	growth	growth	NOUN
fbem-2306	54	13	points	point	NOUN
fbem-2306	54	14	before	before	ADP
fbem-2306	54	15	2018	2018	NUM
fbem-2306	54	16	,	,	PUNCT
fbem-2306	54	17	wentai	wentai	VERB
fbem-2306	54	18	technology	technology	NOUN
fbem-2306	54	19	was	be	AUX
fbem-2306	54	20	relatively	relatively	ADV
fbem-2306	54	21	dependent	dependent	ADJ
fbem-2306	54	22	on	on	ADP
fbem-2306	54	23	the	the	DET
fbem-2306	54	24	mobile	mobile	ADJ
fbem-2306	54	25	phone	phone	NOUN
fbem-2306	54	26	odm	odm	PROPN
fbem-2306	54	27	business	business	NOUN
fbem-2306	54	28	,	,	PUNCT
fbem-2306	54	29	and	and	CCONJ
fbem-2306	54	30	rarely	rarely	ADV
fbem-2306	54	31	set	set	VERB
fbem-2306	54	32	foot	foot	NOUN
fbem-2306	54	33	in	in	ADP
fbem-2306	54	34	other	other	ADJ
fbem-2306	54	35	product	product	NOUN
fbem-2306	54	36	fields	field	NOUN
fbem-2306	54	37	,	,	PUNCT
fbem-2306	54	38	and	and	CCONJ
fbem-2306	54	39	the	the	DET
fbem-2306	54	40	business	business	NOUN
fbem-2306	54	41	field	field	NOUN
fbem-2306	54	42	was	be	AUX
fbem-2306	54	43	relatively	relatively	ADV
fbem-2306	54	44	narrow	narrow	ADJ
fbem-2306	54	45	.	.	PUNCT
fbem-2306	55	1	in	in	ADP
fbem-2306	55	2	recent	recent	ADJ
fbem-2306	55	3	years	year	NOUN
fbem-2306	55	4	,	,	PUNCT
fbem-2306	55	5	with	with	ADP
fbem-2306	55	6	the	the	DET
fbem-2306	55	7	acceleration	acceleration	NOUN
fbem-2306	55	8	of	of	ADP
fbem-2306	55	9	the	the	DET
fbem-2306	55	10	replacement	replacement	NOUN
fbem-2306	55	11	of	of	ADP
fbem-2306	55	12	smartphones	smartphone	NOUN
fbem-2306	55	13	,	,	PUNCT
fbem-2306	55	14	the	the	DET
fbem-2306	55	15	era	era	NOUN
fbem-2306	55	16	of	of	ADP
fbem-2306	55	17	rapid	rapid	ADJ
fbem-2306	55	18	growth	growth	NOUN
fbem-2306	55	19	in	in	ADP
fbem-2306	55	20	the	the	DET
fbem-2306	55	21	global	global	ADJ
fbem-2306	55	22	smartphone	smartphone	NOUN
fbem-2306	55	23	market	market	NOUN
fbem-2306	55	24	has	have	AUX
fbem-2306	55	25	passed	pass	VERB
fbem-2306	55	26	,	,	PUNCT
fbem-2306	55	27	and	and	CCONJ
fbem-2306	55	28	it	it	PRON
fbem-2306	55	29	began	begin	VERB
fbem-2306	55	30	to	to	PART
fbem-2306	55	31	enter	enter	VERB
fbem-2306	55	32	the	the	DET
fbem-2306	55	33	era	era	NOUN
fbem-2306	55	34	of	of	ADP
fbem-2306	55	35	the	the	DET
fbem-2306	55	36	stock	stock	NOUN
fbem-2306	55	37	market	market	NOUN
fbem-2306	55	38	that	that	PRON
fbem-2306	55	39	is	be	AUX
fbem-2306	55	40	difficult	difficult	ADJ
fbem-2306	55	41	to	to	PART
fbem-2306	55	42	digest	digest	VERB
fbem-2306	55	43	.	.	PUNCT
fbem-2306	56	1	the	the	DET
fbem-2306	56	2	odm	odm	PROPN
fbem-2306	56	3	business	business	NOUN
fbem-2306	56	4	of	of	ADP
fbem-2306	56	5	wentai	wentai	PROPN
fbem-2306	56	6	technology	technology	NOUN
fbem-2306	56	7	is	be	AUX
fbem-2306	56	8	located	locate	VERB
fbem-2306	56	9	in	in	ADP
fbem-2306	56	10	the	the	DET
fbem-2306	56	11	midstream	midstream	NOUN
fbem-2306	56	12	of	of	ADP
fbem-2306	56	13	the	the	DET
fbem-2306	56	14	consumer	consumer	NOUN
fbem-2306	56	15	electronic	electronic	ADJ
fbem-2306	56	16	equipment	equipment	NOUN
fbem-2306	56	17	manufacturing	manufacturing	NOUN
fbem-2306	56	18	industry	industry	NOUN
fbem-2306	56	19	chain	chain	NOUN
fbem-2306	56	20	,	,	PUNCT
fbem-2306	56	21	and	and	CCONJ
fbem-2306	56	22	its	its	PRON
fbem-2306	56	23	business	business	NOUN
fbem-2306	56	24	needs	need	VERB
fbem-2306	56	25	rely	rely	VERB
fbem-2306	56	26	heavily	heavily	ADV
fbem-2306	56	27	on	on	ADP
fbem-2306	56	28	downstream	downstream	ADJ
fbem-2306	56	29	smartphone	smartphone	NOUN
fbem-2306	56	30	manufacturers	manufacturer	NOUN
fbem-2306	56	31	.	.	PUNCT
fbem-2306	57	1	the	the	DET
fbem-2306	57	2	decline	decline	NOUN
fbem-2306	57	3	in	in	ADP
fbem-2306	57	4	smartphone	smartphone	NOUN
fbem-2306	57	5	shipments	shipment	NOUN
fbem-2306	57	6	will	will	AUX
fbem-2306	57	7	directly	directly	ADV
fbem-2306	57	8	affect	affect	VERB
fbem-2306	57	9	the	the	DET
fbem-2306	57	10	business	business	NOUN
fbem-2306	57	11	performance	performance	NOUN
fbem-2306	57	12	of	of	ADP
fbem-2306	57	13	odm	odm	PROPN
fbem-2306	57	14	manufacturers	manufacturer	NOUN
fbem-2306	57	15	.	.	PUNCT
fbem-2306	58	1	wentai	wentai	PROPN
fbem-2306	58	2	technology	technology	NOUN
fbem-2306	58	3	,	,	PUNCT
fbem-2306	58	4	which	which	PRON
fbem-2306	58	5	has	have	VERB
fbem-2306	58	6	only	only	ADV
fbem-2306	58	7	a	a	DET
fbem-2306	58	8	single	single	ADJ
fbem-2306	58	9	communication	communication	NOUN
fbem-2306	58	10	business	business	NOUN
fbem-2306	58	11	segment	segment	NOUN
fbem-2306	58	12	,	,	PUNCT
fbem-2306	58	13	will	will	AUX
fbem-2306	58	14	face	face	VERB
fbem-2306	58	15	the	the	DET
fbem-2306	58	16	rise	rise	NOUN
fbem-2306	58	17	of	of	ADP
fbem-2306	58	18	market	market	NOUN
fbem-2306	58	19	risks	risk	NOUN
fbem-2306	58	20	brought	bring	VERB
fbem-2306	58	21	about	about	ADP
fbem-2306	58	22	by	by	ADP
fbem-2306	58	23	the	the	DET
fbem-2306	58	24	change	change	NOUN
fbem-2306	58	25	in	in	ADP
fbem-2306	58	26	the	the	DET
fbem-2306	58	27	industry	industry	NOUN
fbem-2306	58	28	environment	environment	NOUN
fbem-2306	58	29	.	.	PUNCT
fbem-2306	59	1	in	in	ADP
fbem-2306	59	2	addition	addition	NOUN
fbem-2306	59	3	,	,	PUNCT
fbem-2306	59	4	due	due	ADP
fbem-2306	59	5	to	to	ADP
fbem-2306	59	6	the	the	DET
fbem-2306	59	7	impact	impact	NOUN
fbem-2306	59	8	of	of	ADP
fbem-2306	59	9	the	the	DET
fbem-2306	59	10	international	international	ADJ
fbem-2306	59	11	economic	economic	ADJ
fbem-2306	59	12	situation	situation	NOUN
fbem-2306	59	13	in	in	ADP
fbem-2306	59	14	2018	2018	NUM
fbem-2306	59	15	,	,	PUNCT
fbem-2306	59	16	the	the	DET
fbem-2306	59	17	supply	supply	NOUN
fbem-2306	59	18	cost	cost	NOUN
fbem-2306	59	19	of	of	ADP
fbem-2306	59	20	its	its	PRON
fbem-2306	59	21	upstream	upstream	ADJ
fbem-2306	59	22	chips	chip	NOUN
fbem-2306	59	23	and	and	CCONJ
fbem-2306	59	24	other	other	ADJ
fbem-2306	59	25	supplies	supply	NOUN
fbem-2306	59	26	has	have	AUX
fbem-2306	59	27	risen	rise	VERB
fbem-2306	59	28	significantly	significantly	ADV
fbem-2306	59	29	.	.	PUNCT
fbem-2306	60	1	in	in	ADP
fbem-2306	60	2	addition	addition	NOUN
fbem-2306	60	3	,	,	PUNCT
fbem-2306	60	4	the	the	DET
fbem-2306	60	5	current	current	ADJ
fbem-2306	60	6	smartphone	smartphone	NOUN
fbem-2306	60	7	industry	industry	NOUN
fbem-2306	60	8	is	be	AUX
fbem-2306	60	9	in	in	ADP
fbem-2306	60	10	a	a	DET
fbem-2306	60	11	mature	mature	ADJ
fbem-2306	60	12	stage	stage	NOUN
fbem-2306	60	13	,	,	PUNCT
fbem-2306	60	14	and	and	CCONJ
fbem-2306	60	15	its	its	PRON
fbem-2306	60	16	downstream	downstream	ADJ
fbem-2306	60	17	customers	customer	NOUN
fbem-2306	60	18	include	include	VERB
fbem-2306	60	19	huawei	huawei	NOUN
fbem-2306	60	20	,	,	PUNCT
fbem-2306	60	21	xiaomi	xiaomi	PROPN
fbem-2306	60	22	,	,	PUNCT
fbem-2306	60	23	lenovo	lenovo	PROPN
fbem-2306	60	24	,	,	PUNCT
fbem-2306	60	25	and	and	CCONJ
fbem-2306	60	26	other	other	ADJ
fbem-2306	60	27	large	large	ADJ
fbem-2306	60	28	enterprise	enterprise	NOUN
fbem-2306	60	29	customers	customer	NOUN
fbem-2306	60	30	,	,	PUNCT
fbem-2306	60	31	which	which	PRON
fbem-2306	60	32	greatly	greatly	ADV
fbem-2306	60	33	enhance	enhance	VERB
fbem-2306	60	34	the	the	DET
fbem-2306	60	35	bargaining	bargaining	NOUN
fbem-2306	60	36	power	power	NOUN
fbem-2306	60	37	of	of	ADP
fbem-2306	60	38	the	the	DET
fbem-2306	60	39	buyers	buyer	NOUN
fbem-2306	60	40	with	with	ADP
fbem-2306	60	41	a	a	DET
fbem-2306	60	42	large	large	ADJ
fbem-2306	60	43	amount	amount	NOUN
fbem-2306	60	44	of	of	ADP
fbem-2306	60	45	business	business	NOUN
fbem-2306	60	46	procurement	procurement	NOUN
fbem-2306	60	47	.	.	PUNCT
fbem-2306	61	1	under	under	ADP
fbem-2306	61	2	these	these	DET
fbem-2306	61	3	two	two	NUM
fbem-2306	61	4	forces	force	NOUN
fbem-2306	61	5	,	,	PUNCT
fbem-2306	61	6	the	the	DET
fbem-2306	61	7	odm	odm	PROPN
fbem-2306	61	8	business	business	NOUN
fbem-2306	61	9	profit	profit	NOUN
fbem-2306	61	10	of	of	ADP
fbem-2306	61	11	wentai	wentai	PROPN
fbem-2306	61	12	technology	technology	NOUN
fbem-2306	61	13	has	have	AUX
fbem-2306	61	14	been	be	AUX
fbem-2306	61	15	compressed	compress	VERB
fbem-2306	61	16	to	to	ADP
fbem-2306	61	17	a	a	DET
fbem-2306	61	18	large	large	ADJ
fbem-2306	61	19	extent	extent	NOUN
fbem-2306	61	20	.	.	PUNCT
fbem-2306	62	1	in	in	ADP
fbem-2306	62	2	recent	recent	ADJ
fbem-2306	62	3	years	year	NOUN
fbem-2306	62	4	,	,	PUNCT
fbem-2306	62	5	the	the	DET
fbem-2306	62	6	net	net	ADJ
fbem-2306	62	7	profit	profit	NOUN
fbem-2306	62	8	of	of	ADP
fbem-2306	62	9	wentai	wentai	PROPN
fbem-2306	62	10	technology	technology	NOUN
fbem-2306	62	11	decreased	decrease	VERB
fbem-2306	62	12	from	from	ADP
fbem-2306	62	13	335	335	NUM
fbem-2306	62	14	million	million	NUM
fbem-2306	62	15	yuan	yuan	NOUN
fbem-2306	62	16	in	in	ADP
fbem-2306	62	17	2017	2017	NUM
fbem-2306	62	18	to	to	PART
fbem-2306	62	19	72	72	NUM
fbem-2306	62	20	million	million	NUM
fbem-2306	62	21	yuan	yuan	NOUN
fbem-2306	62	22	in	in	ADP
fbem-2306	62	23	2018	2018	NUM
fbem-2306	62	24	,	,	PUNCT
fbem-2306	62	25	showing	show	VERB
fbem-2306	62	26	a	a	DET
fbem-2306	62	27	downward	downward	ADJ
fbem-2306	62	28	trend	trend	NOUN
fbem-2306	62	29	.	.	PUNCT
fbem-2306	63	1	in	in	ADP
fbem-2306	63	2	general	general	ADJ
fbem-2306	63	3	,	,	PUNCT
fbem-2306	63	4	wentai	wentai	VERB
fbem-2306	63	5	technology	technology	NOUN
fbem-2306	63	6	is	be	AUX
fbem-2306	63	7	facing	face	VERB
fbem-2306	63	8	the	the	DET
fbem-2306	63	9	operating	operate	VERB
fbem-2306	63	10	risk	risk	NOUN
fbem-2306	63	11	of	of	ADP
fbem-2306	63	12	a	a	DET
fbem-2306	63	13	single	single	ADJ
fbem-2306	63	14	business	business	NOUN
fbem-2306	63	15	and	and	CCONJ
fbem-2306	63	16	profit	profit	NOUN
fbem-2306	63	17	compression	compression	NOUN
fbem-2306	63	18	.	.	PUNCT
fbem-2306	64	1	in	in	ADP
fbem-2306	64	2	order	order	NOUN
fbem-2306	64	3	to	to	PART
fbem-2306	64	4	get	get	AUX
fbem-2306	64	5	rid	rid	VERB
fbem-2306	64	6	of	of	ADP
fbem-2306	64	7	this	this	DET
fbem-2306	64	8	predicament	predicament	NOUN
fbem-2306	64	9	,	,	PUNCT
fbem-2306	64	10	wentai	wentai	AUX
fbem-2306	64	11	technology	technology	NOUN
fbem-2306	64	12	urgently	urgently	ADV
fbem-2306	64	13	seeks	seek	VERB
fbem-2306	64	14	new	new	ADJ
fbem-2306	64	15	profit	profit	NOUN
fbem-2306	64	16	growth	growth	NOUN
fbem-2306	64	17	points	point	VERB
fbem-2306	64	18	to	to	PART
fbem-2306	64	19	realize	realize	VERB
fbem-2306	64	20	the	the	DET
fbem-2306	64	21	sustainable	sustainable	ADJ
fbem-2306	64	22	development	development	NOUN
fbem-2306	64	23	of	of	ADP
fbem-2306	64	24	the	the	DET
fbem-2306	64	25	company	company	NOUN
fbem-2306	64	26	;	;	PUNCT
fbem-2306	64	27	and	and	CCONJ
fbem-2306	64	28	lays	lay	VERB
fbem-2306	64	29	out	out	ADP
fbem-2306	64	30	its	its	PRON
fbem-2306	64	31	development	development	NOUN
fbem-2306	64	32	strategy	strategy	NOUN
fbem-2306	64	33	through	through	ADP
fbem-2306	64	34	diversification	diversification	NOUN
fbem-2306	64	35	.	.	PUNCT
fbem-2306	65	1	3.3.2	3.3.2	X
fbem-2306	65	2	.	.	PUNCT
fbem-2306	65	3	to	to	PART
fbem-2306	65	4	avoid	avoid	VERB
fbem-2306	65	5	market	market	NOUN
fbem-2306	65	6	barriers	barrier	NOUN
fbem-2306	65	7	and	and	CCONJ
fbem-2306	65	8	seize	seize	VERB
fbem-2306	65	9	market	market	NOUN
fbem-2306	65	10	opportunities	opportunity	NOUN
fbem-2306	65	11	because	because	SCONJ
fbem-2306	65	12	the	the	DET
fbem-2306	65	13	industry	industry	NOUN
fbem-2306	65	14	research	research	NOUN
fbem-2306	65	15	in	in	ADP
fbem-2306	65	16	china	china	PROPN
fbem-2306	65	17	starts	start	VERB
fbem-2306	65	18	late	late	ADV
fbem-2306	65	19	,	,	PUNCT
fbem-2306	65	20	semiconductor	semiconductor	NOUN
fbem-2306	65	21	key	key	NOUN
fbem-2306	65	22	technologies	technology	NOUN
fbem-2306	65	23	were	be	AUX
fbem-2306	65	24	firmly	firmly	ADV
fbem-2306	65	25	in	in	ADP
fbem-2306	65	26	foreign	foreign	ADJ
fbem-2306	65	27	enterprises	enterprise	NOUN
fbem-2306	65	28	,	,	PUNCT
fbem-2306	65	29	leading	lead	VERB
fbem-2306	65	30	to	to	ADP
fbem-2306	65	31	very	very	ADV
fbem-2306	65	32	high	high	ADJ
fbem-2306	65	33	technical	technical	ADJ
fbem-2306	65	34	barriers	barrier	NOUN
fbem-2306	65	35	,	,	PUNCT
fbem-2306	65	36	in	in	ADP
fbem-2306	65	37	order	order	NOUN
fbem-2306	65	38	to	to	PART
fbem-2306	65	39	grasp	grasp	VERB
fbem-2306	65	40	the	the	DET
fbem-2306	65	41	current	current	ADJ
fbem-2306	65	42	domestic	domestic	ADJ
fbem-2306	65	43	semiconductor	semiconductor	NOUN
fbem-2306	65	44	market	market	NOUN
fbem-2306	65	45	blank	blank	NOUN
fbem-2306	65	46	of	of	ADP
fbem-2306	65	47	strategic	strategic	ADJ
fbem-2306	65	48	opportunities	opportunity	NOUN
fbem-2306	65	49	,	,	PUNCT
fbem-2306	65	50	through	through	ADP
fbem-2306	65	51	direct	direct	ADJ
fbem-2306	65	52	acquisition	acquisition	NOUN
fbem-2306	65	53	anshi	anshi	ADJ
fbem-2306	65	54	to	to	PART
fbem-2306	65	55	wentai	wentai	VERB
fbem-2306	65	56	semiconductor	semiconductor	NOUN
fbem-2306	65	57	science	science	NOUN
fbem-2306	65	58	and	and	CCONJ
fbem-2306	65	59	technology	technology	NOUN
fbem-2306	65	60	to	to	PART
fbem-2306	65	61	avoid	avoid	VERB
fbem-2306	65	62	barriers	barrier	NOUN
fbem-2306	65	63	to	to	ADP
fbem-2306	65	64	entry	entry	NOUN
fbem-2306	65	65	,	,	PUNCT
fbem-2306	65	66	quickly	quickly	ADV
fbem-2306	65	67	layout	layout	VERB
fbem-2306	65	68	and	and	CCONJ
fbem-2306	65	69	strive	strive	VERB
fbem-2306	65	70	for	for	ADP
fbem-2306	65	71	more	more	ADJ
fbem-2306	65	72	market	market	NOUN
fbem-2306	65	73	163	163	NUM
fbem-2306	65	74	opportunities	opportunity	NOUN
fbem-2306	65	75	and	and	CCONJ
fbem-2306	65	76	market	market	NOUN
fbem-2306	65	77	share	share	NOUN
fbem-2306	65	78	,	,	PUNCT
fbem-2306	65	79	by	by	ADP
fbem-2306	65	80	using	use	VERB
fbem-2306	65	81	the	the	DET
fbem-2306	65	82	existing	exist	VERB
fbem-2306	65	83	technology	technology	NOUN
fbem-2306	65	84	and	and	CCONJ
fbem-2306	65	85	management	management	NOUN
fbem-2306	65	86	experience	experience	NOUN
fbem-2306	65	87	of	of	ADP
fbem-2306	65	88	anses	ans	NOUN
fbem-2306	65	89	,	,	PUNCT
fbem-2306	65	90	it	it	PRON
fbem-2306	65	91	can	can	AUX
fbem-2306	65	92	avoid	avoid	VERB
fbem-2306	65	93	the	the	DET
fbem-2306	65	94	risks	risk	NOUN
fbem-2306	65	95	of	of	ADP
fbem-2306	65	96	its	its	PRON
fbem-2306	65	97	own	own	ADJ
fbem-2306	65	98	research	research	NOUN
fbem-2306	65	99	and	and	CCONJ
fbem-2306	65	100	development	development	NOUN
fbem-2306	65	101	and	and	CCONJ
fbem-2306	65	102	enter	enter	VERB
fbem-2306	65	103	into	into	ADP
fbem-2306	65	104	new	new	ADJ
fbem-2306	65	105	markets	market	NOUN
fbem-2306	65	106	.	.	PUNCT
fbem-2306	66	1	in	in	ADP
fbem-2306	66	2	addition	addition	NOUN
fbem-2306	66	3	,	,	PUNCT
fbem-2306	66	4	it	it	PRON
fbem-2306	66	5	is	be	AUX
fbem-2306	66	6	a	a	DET
fbem-2306	66	7	period	period	NOUN
fbem-2306	66	8	of	of	ADP
fbem-2306	66	9	rapid	rapid	ADJ
fbem-2306	66	10	development	development	NOUN
fbem-2306	66	11	of	of	ADP
fbem-2306	66	12	emerging	emerge	VERB
fbem-2306	66	13	industries	industry	NOUN
fbem-2306	66	14	such	such	ADJ
fbem-2306	66	15	as	as	ADP
fbem-2306	66	16	the	the	DET
fbem-2306	66	17	automotive	automotive	ADJ
fbem-2306	66	18	internet	internet	NOUN
fbem-2306	66	19	and	and	CCONJ
fbem-2306	66	20	5	5	NUM
fbem-2306	66	21	g	g	NOUN
fbem-2306	66	22	,	,	PUNCT
fbem-2306	66	23	among	among	ADP
fbem-2306	66	24	which	which	PRON
fbem-2306	66	25	the	the	DET
fbem-2306	66	26	most	most	ADV
fbem-2306	66	27	significant	significant	ADJ
fbem-2306	66	28	impact	impact	NOUN
fbem-2306	66	29	is	be	AUX
fbem-2306	66	30	such	such	ADJ
fbem-2306	66	31	as	as	ADP
fbem-2306	66	32	the	the	DET
fbem-2306	66	33	new	new	ADJ
fbem-2306	66	34	energy	energy	NOUN
fbem-2306	66	35	vehicle	vehicle	NOUN
fbem-2306	66	36	industry	industry	NOUN
fbem-2306	66	37	.	.	PUNCT
fbem-2306	67	1	ann	ann	PROPN
fbem-2306	67	2	the	the	DET
fbem-2306	67	3	automobile	automobile	NOUN
fbem-2306	67	4	electronic	electronic	ADJ
fbem-2306	67	5	business	business	NOUN
fbem-2306	67	6	is	be	AUX
fbem-2306	67	7	one	one	NUM
fbem-2306	67	8	of	of	ADP
fbem-2306	67	9	the	the	DET
fbem-2306	67	10	main	main	ADJ
fbem-2306	67	11	sources	source	NOUN
fbem-2306	67	12	of	of	ADP
fbem-2306	67	13	income	income	NOUN
fbem-2306	67	14	,	,	PUNCT
fbem-2306	67	15	wentai	wentai	PROPN
fbem-2306	67	16	will	will	AUX
fbem-2306	67	17	enter	enter	VERB
fbem-2306	67	18	the	the	DET
fbem-2306	67	19	automotive	automotive	ADJ
fbem-2306	67	20	electronics	electronic	NOUN
fbem-2306	67	21	industry	industry	NOUN
fbem-2306	67	22	,	,	PUNCT
fbem-2306	67	23	after	after	SCONJ
fbem-2306	67	24	the	the	DET
fbem-2306	67	25	merger	merger	NOUN
fbem-2306	67	26	of	of	ADP
fbem-2306	67	27	science	science	NOUN
fbem-2306	67	28	and	and	CCONJ
fbem-2306	67	29	technology	technology	NOUN
fbem-2306	67	30	in	in	ADP
fbem-2306	67	31	recent	recent	ADJ
fbem-2306	67	32	years	year	NOUN
fbem-2306	67	33	,	,	PUNCT
fbem-2306	67	34	the	the	DET
fbem-2306	67	35	momentum	momentum	NOUN
fbem-2306	67	36	of	of	ADP
fbem-2306	67	37	the	the	DET
fbem-2306	67	38	development	development	NOUN
fbem-2306	67	39	of	of	ADP
fbem-2306	67	40	new	new	ADJ
fbem-2306	67	41	energy	energy	NOUN
fbem-2306	67	42	vehicles	vehicle	NOUN
fbem-2306	67	43	more	more	ADJ
fbem-2306	67	44	and	and	CCONJ
fbem-2306	67	45	more	more	ADV
fbem-2306	67	46	fierce	fierce	ADJ
fbem-2306	67	47	,	,	PUNCT
fbem-2306	67	48	large	large	ADJ
fbem-2306	67	49	-	-	PUNCT
fbem-2306	67	50	scale	scale	NOUN
fbem-2306	67	51	alternative	alternative	ADJ
fbem-2306	67	52	fuel	fuel	NOUN
fbem-2306	67	53	vehicles	vehicle	NOUN
fbem-2306	67	54	in	in	ADP
fbem-2306	67	55	new	new	ADJ
fbem-2306	67	56	energy	energy	NOUN
fbem-2306	67	57	vehicles	vehicle	NOUN
fbem-2306	67	58	,	,	PUNCT
fbem-2306	67	59	autonomous	autonomous	ADJ
fbem-2306	67	60	,	,	PUNCT
fbem-2306	67	61	unmanned	unmanned	ADJ
fbem-2306	67	62	layout	layout	NOUN
fbem-2306	67	63	before	before	SCONJ
fbem-2306	67	64	it	it	PRON
fbem-2306	67	65	has	have	VERB
fbem-2306	67	66	advanced	advanced	ADJ
fbem-2306	67	67	technology	technology	NOUN
fbem-2306	67	68	mature	mature	ADJ
fbem-2306	67	69	,	,	PUNCT
fbem-2306	67	70	for	for	ADP
fbem-2306	67	71	wentai	wentai	ADJ
fbem-2306	67	72	preemption	preemption	NOUN
fbem-2306	67	73	of	of	ADP
fbem-2306	67	74	science	science	NOUN
fbem-2306	67	75	and	and	CCONJ
fbem-2306	67	76	technology	technology	NOUN
fbem-2306	67	77	of	of	ADP
fbem-2306	67	78	new	new	ADJ
fbem-2306	67	79	energy	energy	NOUN
fbem-2306	67	80	automobile	automobile	NOUN
fbem-2306	67	81	market	market	NOUN
fbem-2306	67	82	share	share	NOUN
fbem-2306	67	83	has	have	AUX
fbem-2306	67	84	provided	provide	VERB
fbem-2306	67	85	an	an	DET
fbem-2306	67	86	opportunity	opportunity	NOUN
fbem-2306	67	87	,	,	PUNCT
fbem-2306	67	88	after	after	SCONJ
fbem-2306	67	89	merger	merger	NOUN
fbem-2306	67	90	and	and	CCONJ
fbem-2306	67	91	acquisition	acquisition	NOUN
fbem-2306	67	92	can	can	AUX
fbem-2306	67	93	form	form	VERB
fbem-2306	67	94	greater	great	ADJ
fbem-2306	67	95	economic	economic	ADJ
fbem-2306	67	96	benefits	benefit	NOUN
fbem-2306	67	97	.	.	PUNCT
fbem-2306	68	1	3.3.3	3.3.3	X
fbem-2306	68	2	.	.	PUNCT
fbem-2306	68	3	obtain	obtain	VERB
fbem-2306	68	4	synergies	synergy	NOUN
fbem-2306	68	5	and	and	CCONJ
fbem-2306	68	6	improve	improve	VERB
fbem-2306	68	7	the	the	DET
fbem-2306	68	8	competitiveness	competitiveness	NOUN
fbem-2306	68	9	of	of	ADP
fbem-2306	68	10	enterprises	enterprise	NOUN
fbem-2306	68	11	from	from	ADP
fbem-2306	68	12	the	the	DET
fbem-2306	68	13	industrial	industrial	ADJ
fbem-2306	68	14	chain	chain	NOUN
fbem-2306	68	15	,	,	PUNCT
fbem-2306	68	16	wentai	wentai	VERB
fbem-2306	68	17	technology	technology	NOUN
fbem-2306	68	18	and	and	CCONJ
fbem-2306	68	19	anshi	anshi	PROPN
fbem-2306	68	20	semiconductor	semiconductor	NOUN
fbem-2306	68	21	belong	belong	VERB
fbem-2306	68	22	to	to	ADP
fbem-2306	68	23	the	the	DET
fbem-2306	68	24	upstream	upstream	ADJ
fbem-2306	68	25	and	and	CCONJ
fbem-2306	68	26	downstream	downstream	ADJ
fbem-2306	68	27	relationship	relationship	NOUN
fbem-2306	68	28	,	,	PUNCT
fbem-2306	68	29	wentai	wentai	VERB
fbem-2306	68	30	technology	technology	NOUN
fbem-2306	68	31	's	's	PART
fbem-2306	68	32	main	main	ADJ
fbem-2306	68	33	odm	odm	NOUN
fbem-2306	68	34	business	business	NOUN
fbem-2306	68	35	,	,	PUNCT
fbem-2306	68	36	and	and	CCONJ
fbem-2306	68	37	the	the	DET
fbem-2306	68	38	subsequent	subsequent	ADJ
fbem-2306	68	39	layout	layout	NOUN
fbem-2306	68	40	of	of	ADP
fbem-2306	68	41	the	the	DET
fbem-2306	68	42	5	5	NUM
fbem-2306	68	43	g	g	NOUN
fbem-2306	68	44	market	market	NOUN
fbem-2306	68	45	for	for	ADP
fbem-2306	68	46	the	the	DET
fbem-2306	68	47	semiconductor	semiconductor	NOUN
fbem-2306	68	48	industry	industry	NOUN
fbem-2306	68	49	is	be	AUX
fbem-2306	68	50	undoubtedly	undoubtedly	ADV
fbem-2306	68	51	a	a	DET
fbem-2306	68	52	huge	huge	ADJ
fbem-2306	68	53	demand	demand	NOUN
fbem-2306	68	54	.	.	PUNCT
fbem-2306	69	1	since	since	SCONJ
fbem-2306	69	2	china	china	PROPN
fbem-2306	69	3	's	's	PART
fbem-2306	69	4	semiconductor	semiconductor	NOUN
fbem-2306	69	5	industry	industry	NOUN
fbem-2306	69	6	started	start	VERB
fbem-2306	69	7	too	too	ADV
fbem-2306	69	8	late	late	ADV
fbem-2306	69	9	,	,	PUNCT
fbem-2306	69	10	most	most	ADJ
fbem-2306	69	11	of	of	ADP
fbem-2306	69	12	the	the	DET
fbem-2306	69	13	domestic	domestic	ADJ
fbem-2306	69	14	demand	demand	NOUN
fbem-2306	69	15	for	for	ADP
fbem-2306	69	16	semiconductors	semiconductor	NOUN
fbem-2306	69	17	is	be	AUX
fbem-2306	69	18	solved	solve	VERB
fbem-2306	69	19	through	through	ADP
fbem-2306	69	20	imports	import	NOUN
fbem-2306	69	21	.	.	PUNCT
fbem-2306	70	1	in	in	ADP
fbem-2306	70	2	addition	addition	NOUN
fbem-2306	70	3	to	to	ADP
fbem-2306	70	4	the	the	DET
fbem-2306	70	5	international	international	ADJ
fbem-2306	70	6	situation	situation	NOUN
fbem-2306	70	7	in	in	ADP
fbem-2306	70	8	2018	2018	NUM
fbem-2306	70	9	,	,	PUNCT
fbem-2306	70	10	the	the	DET
fbem-2306	70	11	technology	technology	NOUN
fbem-2306	70	12	blockade	blockade	NOUN
fbem-2306	70	13	from	from	ADP
fbem-2306	70	14	abroad	abroad	ADV
fbem-2306	70	15	,	,	PUNCT
fbem-2306	70	16	and	and	CCONJ
fbem-2306	70	17	the	the	DET
fbem-2306	70	18	import	import	NOUN
fbem-2306	70	19	limit	limit	NOUN
fbem-2306	70	20	of	of	ADP
fbem-2306	70	21	the	the	DET
fbem-2306	70	22	semiconductor	semiconductor	NOUN
fbem-2306	70	23	industry	industry	NOUN
fbem-2306	70	24	,	,	PUNCT
fbem-2306	70	25	the	the	DET
fbem-2306	70	26	cost	cost	NOUN
fbem-2306	70	27	of	of	ADP
fbem-2306	70	28	wentai	wentai	PROPN
fbem-2306	70	29	's	's	PART
fbem-2306	70	30	main	main	ADJ
fbem-2306	70	31	business	business	NOUN
fbem-2306	70	32	has	have	AUX
fbem-2306	70	33	become	become	VERB
fbem-2306	70	34	very	very	ADV
fbem-2306	70	35	unstable	unstable	ADJ
fbem-2306	70	36	,	,	PUNCT
fbem-2306	70	37	and	and	CCONJ
fbem-2306	70	38	the	the	DET
fbem-2306	70	39	supply	supply	NOUN
fbem-2306	70	40	is	be	AUX
fbem-2306	70	41	not	not	PART
fbem-2306	70	42	guaranteed	guarantee	VERB
fbem-2306	70	43	.	.	PUNCT
fbem-2306	71	1	after	after	ADP
fbem-2306	71	2	the	the	DET
fbem-2306	71	3	acquisition	acquisition	NOUN
fbem-2306	71	4	of	of	ADP
fbem-2306	71	5	anshi	anshi	PROPN
fbem-2306	71	6	semiconductor	semiconductor	NOUN
fbem-2306	71	7	,	,	PUNCT
fbem-2306	71	8	for	for	ADP
fbem-2306	71	9	wentai	wentai	PROPN
fbem-2306	71	10	technology	technology	NOUN
fbem-2306	71	11	,	,	PUNCT
fbem-2306	71	12	it	it	PRON
fbem-2306	71	13	is	be	AUX
fbem-2306	71	14	conducive	conducive	ADJ
fbem-2306	71	15	to	to	ADP
fbem-2306	71	16	effectively	effectively	ADV
fbem-2306	71	17	controlling	control	VERB
fbem-2306	71	18	the	the	DET
fbem-2306	71	19	cost	cost	NOUN
fbem-2306	71	20	,	,	PUNCT
fbem-2306	71	21	quality	quality	NOUN
fbem-2306	71	22	,	,	PUNCT
fbem-2306	71	23	and	and	CCONJ
fbem-2306	71	24	supply	supply	NOUN
fbem-2306	71	25	reliability	reliability	NOUN
fbem-2306	71	26	of	of	ADP
fbem-2306	71	27	key	key	ADJ
fbem-2306	71	28	raw	raw	ADJ
fbem-2306	71	29	materials	material	NOUN
fbem-2306	71	30	and	and	CCONJ
fbem-2306	71	31	other	other	ADJ
fbem-2306	71	32	inputs	input	NOUN
fbem-2306	71	33	,	,	PUNCT
fbem-2306	71	34	and	and	CCONJ
fbem-2306	71	35	ensuring	ensure	VERB
fbem-2306	71	36	the	the	DET
fbem-2306	71	37	steady	steady	ADJ
fbem-2306	71	38	progress	progress	NOUN
fbem-2306	71	39	of	of	ADP
fbem-2306	71	40	production	production	NOUN
fbem-2306	71	41	and	and	CCONJ
fbem-2306	71	42	operation	operation	NOUN
fbem-2306	71	43	activities	activity	NOUN
fbem-2306	71	44	of	of	ADP
fbem-2306	71	45	the	the	DET
fbem-2306	71	46	enterprise	enterprise	NOUN
fbem-2306	71	47	.	.	PUNCT
fbem-2306	72	1	as	as	ADP
fbem-2306	72	2	a	a	DET
fbem-2306	72	3	leading	lead	VERB
fbem-2306	72	4	odm	odm	NOUN
fbem-2306	72	5	business	business	NOUN
fbem-2306	72	6	enterprise	enterprise	NOUN
fbem-2306	72	7	in	in	ADP
fbem-2306	72	8	china	china	PROPN
fbem-2306	72	9	,	,	PUNCT
fbem-2306	72	10	wentai	wentai	VERB
fbem-2306	72	11	technology	technology	NOUN
fbem-2306	72	12	can	can	AUX
fbem-2306	72	13	take	take	VERB
fbem-2306	72	14	advantage	advantage	NOUN
fbem-2306	72	15	of	of	ADP
fbem-2306	72	16	its	its	PRON
fbem-2306	72	17	position	position	NOUN
fbem-2306	72	18	and	and	CCONJ
fbem-2306	72	19	reputation	reputation	NOUN
fbem-2306	72	20	in	in	ADP
fbem-2306	72	21	the	the	DET
fbem-2306	72	22	domestic	domestic	ADJ
fbem-2306	72	23	market	market	NOUN
fbem-2306	72	24	to	to	PART
fbem-2306	72	25	help	help	VERB
fbem-2306	72	26	anshi	anshi	ADJ
fbem-2306	72	27	semiconductor	semiconductor	NOUN
fbem-2306	72	28	expand	expand	VERB
fbem-2306	72	29	the	the	DET
fbem-2306	72	30	domestic	domestic	ADJ
fbem-2306	72	31	sales	sale	NOUN
fbem-2306	72	32	market	market	NOUN
fbem-2306	72	33	.	.	PUNCT
fbem-2306	73	1	for	for	ADP
fbem-2306	73	2	both	both	DET
fbem-2306	73	3	sides	side	NOUN
fbem-2306	73	4	,	,	PUNCT
fbem-2306	73	5	the	the	DET
fbem-2306	73	6	configuration	configuration	NOUN
fbem-2306	73	7	of	of	ADP
fbem-2306	73	8	resources	resource	NOUN
fbem-2306	73	9	within	within	ADP
fbem-2306	73	10	the	the	DET
fbem-2306	73	11	enterprise	enterprise	NOUN
fbem-2306	73	12	always	always	ADV
fbem-2306	73	13	difficult	difficult	ADJ
fbem-2306	73	14	to	to	PART
fbem-2306	73	15	achieve	achieve	VERB
fbem-2306	73	16	balanced	balanced	ADJ
fbem-2306	73	17	,	,	PUNCT
fbem-2306	73	18	or	or	CCONJ
fbem-2306	73	19	have	have	VERB
fbem-2306	73	20	a	a	DET
fbem-2306	73	21	certain	certain	ADJ
fbem-2306	73	22	advantage	advantage	NOUN
fbem-2306	73	23	in	in	ADP
fbem-2306	73	24	resources	resource	NOUN
fbem-2306	73	25	or	or	CCONJ
fbem-2306	73	26	some	some	DET
fbem-2306	73	27	deficiencies	deficiency	NOUN
fbem-2306	73	28	,	,	PUNCT
fbem-2306	73	29	mergers	merger	NOUN
fbem-2306	73	30	,	,	PUNCT
fbem-2306	73	31	and	and	CCONJ
fbem-2306	73	32	acquisitions	acquisition	NOUN
fbem-2306	73	33	both	both	DET
fbem-2306	73	34	sides	side	NOUN
fbem-2306	73	35	as	as	ADP
fbem-2306	73	36	the	the	DET
fbem-2306	73	37	leading	lead	VERB
fbem-2306	73	38	technology	technology	NOUN
fbem-2306	73	39	of	of	ADP
fbem-2306	73	40	high	high	ADJ
fbem-2306	73	41	science	science	NOUN
fbem-2306	73	42	and	and	CCONJ
fbem-2306	73	43	technology	technology	NOUN
fbem-2306	73	44	companies	company	NOUN
fbem-2306	73	45	,	,	PUNCT
fbem-2306	73	46	resource	resource	NOUN
fbem-2306	73	47	sharing	sharing	NOUN
fbem-2306	73	48	,	,	PUNCT
fbem-2306	73	49	complementary	complementary	ADJ
fbem-2306	73	50	advantages	advantage	NOUN
fbem-2306	73	51	,	,	PUNCT
fbem-2306	73	52	through	through	ADP
fbem-2306	73	53	mergers	merger	NOUN
fbem-2306	73	54	and	and	CCONJ
fbem-2306	73	55	acquisitions	acquisition	NOUN
fbem-2306	73	56	can	can	AUX
fbem-2306	73	57	promote	promote	VERB
fbem-2306	73	58	technology	technology	NOUN
fbem-2306	73	59	innovation	innovation	NOUN
fbem-2306	73	60	to	to	PART
fbem-2306	73	61	improve	improve	VERB
fbem-2306	73	62	product	product	NOUN
fbem-2306	73	63	differentiation	differentiation	NOUN
fbem-2306	73	64	,	,	PUNCT
fbem-2306	73	65	raise	raise	VERB
fbem-2306	73	66	the	the	DET
fbem-2306	73	67	competitiveness	competitiveness	NOUN
fbem-2306	73	68	of	of	ADP
fbem-2306	73	69	the	the	DET
fbem-2306	73	70	enterprise	enterprise	NOUN
fbem-2306	73	71	.	.	PUNCT
fbem-2306	74	1	4	4	X
fbem-2306	74	2	.	.	X
fbem-2306	74	3	synergistic	synergistic	ADJ
fbem-2306	74	4	effect	effect	NOUN
fbem-2306	74	5	analysis	analysis	NOUN
fbem-2306	74	6	and	and	CCONJ
fbem-2306	74	7	evaluation	evaluation	NOUN
fbem-2306	74	8	4.1	4.1	NUM
fbem-2306	74	9	.	.	PUNCT
fbem-2306	75	1	management	management	NOUN
fbem-2306	75	2	synergy	synergy	NOUN
fbem-2306	75	3	analysis	analysis	NOUN
fbem-2306	75	4	the	the	DET
fbem-2306	75	5	most	most	ADV
fbem-2306	75	6	intuitive	intuitive	ADJ
fbem-2306	75	7	manifestation	manifestation	NOUN
fbem-2306	75	8	of	of	ADP
fbem-2306	75	9	management	management	NOUN
fbem-2306	75	10	synergy	synergy	NOUN
fbem-2306	75	11	is	be	AUX
fbem-2306	75	12	the	the	DET
fbem-2306	75	13	reduction	reduction	NOUN
fbem-2306	75	14	of	of	ADP
fbem-2306	75	15	management	management	NOUN
fbem-2306	75	16	costs	cost	NOUN
fbem-2306	75	17	and	and	CCONJ
fbem-2306	75	18	the	the	DET
fbem-2306	75	19	improvement	improvement	NOUN
fbem-2306	75	20	of	of	ADP
fbem-2306	75	21	management	management	NOUN
fbem-2306	75	22	efficiency	efficiency	NOUN
fbem-2306	75	23	.	.	PUNCT
fbem-2306	76	1	management	management	NOUN
fbem-2306	76	2	cost	cost	NOUN
fbem-2306	76	3	is	be	AUX
fbem-2306	76	4	manifested	manifest	VERB
fbem-2306	76	5	as	as	ADP
fbem-2306	76	6	the	the	DET
fbem-2306	76	7	change	change	NOUN
fbem-2306	76	8	in	in	ADP
fbem-2306	76	9	management	management	NOUN
fbem-2306	76	10	expenses	expense	NOUN
fbem-2306	76	11	,	,	PUNCT
fbem-2306	76	12	and	and	CCONJ
fbem-2306	76	13	the	the	DET
fbem-2306	76	14	improvement	improvement	NOUN
fbem-2306	76	15	of	of	ADP
fbem-2306	76	16	management	management	NOUN
fbem-2306	76	17	efficiency	efficiency	NOUN
fbem-2306	76	18	is	be	AUX
fbem-2306	76	19	mainly	mainly	ADV
fbem-2306	76	20	reflected	reflect	VERB
fbem-2306	76	21	in	in	ADP
fbem-2306	76	22	the	the	DET
fbem-2306	76	23	improvement	improvement	NOUN
fbem-2306	76	24	of	of	ADP
fbem-2306	76	25	management	management	NOUN
fbem-2306	76	26	efficiency	efficiency	NOUN
fbem-2306	76	27	and	and	CCONJ
fbem-2306	76	28	the	the	DET
fbem-2306	76	29	integration	integration	NOUN
fbem-2306	76	30	of	of	ADP
fbem-2306	76	31	human	human	ADJ
fbem-2306	76	32	resources	resource	NOUN
fbem-2306	76	33	to	to	PART
fbem-2306	76	34	save	save	VERB
fbem-2306	76	35	sales	sale	NOUN
fbem-2306	76	36	expenses	expense	NOUN
fbem-2306	76	37	.	.	PUNCT
fbem-2306	77	1	in	in	ADP
fbem-2306	77	2	addition	addition	NOUN
fbem-2306	77	3	,	,	PUNCT
fbem-2306	77	4	it	it	PRON
fbem-2306	77	5	is	be	AUX
fbem-2306	77	6	also	also	ADV
fbem-2306	77	7	reflected	reflect	VERB
fbem-2306	77	8	in	in	ADP
fbem-2306	77	9	the	the	DET
fbem-2306	77	10	improvement	improvement	NOUN
fbem-2306	77	11	of	of	ADP
fbem-2306	77	12	the	the	DET
fbem-2306	77	13	utilization	utilization	NOUN
fbem-2306	77	14	efficiency	efficiency	NOUN
fbem-2306	77	15	of	of	ADP
fbem-2306	77	16	enterprise	enterprise	NOUN
fbem-2306	77	17	operating	operating	NOUN
fbem-2306	77	18	assets	asset	NOUN
fbem-2306	77	19	after	after	ADP
fbem-2306	77	20	the	the	DET
fbem-2306	77	21	improvement	improvement	NOUN
fbem-2306	77	22	of	of	ADP
fbem-2306	77	23	the	the	DET
fbem-2306	77	24	enterprise	enterprise	NOUN
fbem-2306	77	25	management	management	NOUN
fbem-2306	77	26	level	level	NOUN
fbem-2306	77	27	.	.	PUNCT
fbem-2306	78	1	4.1.1	4.1.1	X
fbem-2306	78	2	.	.	PUNCT
fbem-2306	79	1	cost	cost	NOUN
fbem-2306	79	2	control	control	NOUN
fbem-2306	79	3	ability	ability	NOUN
fbem-2306	79	4	the	the	DET
fbem-2306	79	5	expansion	expansion	NOUN
fbem-2306	79	6	of	of	ADP
fbem-2306	79	7	enterprise	enterprise	NOUN
fbem-2306	79	8	-	-	PUNCT
fbem-2306	79	9	scale	scale	NOUN
fbem-2306	79	10	after	after	ADP
fbem-2306	79	11	merger	merger	NOUN
fbem-2306	79	12	and	and	CCONJ
fbem-2306	79	13	acquisition	acquisition	NOUN
fbem-2306	79	14	;	;	PUNCT
fbem-2306	79	15	will	will	AUX
fbem-2306	79	16	inevitably	inevitably	ADV
fbem-2306	79	17	lead	lead	VERB
fbem-2306	79	18	to	to	ADP
fbem-2306	79	19	the	the	DET
fbem-2306	79	20	rise	rise	NOUN
fbem-2306	79	21	of	of	ADP
fbem-2306	79	22	administrative	administrative	ADJ
fbem-2306	79	23	expenses	expense	NOUN
fbem-2306	79	24	and	and	CCONJ
fbem-2306	79	25	selling	sell	VERB
fbem-2306	79	26	expenses	expense	NOUN
fbem-2306	79	27	,	,	PUNCT
fbem-2306	79	28	so	so	SCONJ
fbem-2306	79	29	this	this	DET
fbem-2306	79	30	paper	paper	NOUN
fbem-2306	79	31	analyzes	analyze	VERB
fbem-2306	79	32	the	the	DET
fbem-2306	79	33	cost	cost	NOUN
fbem-2306	79	34	control	control	NOUN
fbem-2306	79	35	ability	ability	NOUN
fbem-2306	79	36	of	of	ADP
fbem-2306	79	37	wentai	wentai	ADJ
fbem-2306	79	38	technology	technology	NOUN
fbem-2306	79	39	after	after	ADP
fbem-2306	79	40	the	the	DET
fbem-2306	79	41	merger	merger	NOUN
fbem-2306	79	42	and	and	CCONJ
fbem-2306	79	43	acquisition	acquisition	NOUN
fbem-2306	79	44	by	by	ADP
fbem-2306	79	45	comparing	compare	VERB
fbem-2306	79	46	the	the	DET
fbem-2306	79	47	relative	relative	ADJ
fbem-2306	79	48	index	index	NOUN
fbem-2306	79	49	of	of	ADP
fbem-2306	79	50	the	the	DET
fbem-2306	79	51	change	change	NOUN
fbem-2306	79	52	of	of	ADP
fbem-2306	79	53	expenses	expense	NOUN
fbem-2306	79	54	to	to	ADP
fbem-2306	79	55	operating	operate	VERB
fbem-2306	79	56	income	income	NOUN
fbem-2306	79	57	.	.	PUNCT
fbem-2306	80	1	as	as	SCONJ
fbem-2306	80	2	can	can	AUX
fbem-2306	80	3	be	be	AUX
fbem-2306	80	4	seen	see	VERB
fbem-2306	80	5	from	from	ADP
fbem-2306	80	6	the	the	DET
fbem-2306	80	7	figure	figure	NOUN
fbem-2306	80	8	below	below	ADV
fbem-2306	80	9	,	,	PUNCT
fbem-2306	80	10	the	the	DET
fbem-2306	80	11	administrative	administrative	ADJ
fbem-2306	80	12	expense	expense	NOUN
fbem-2306	80	13	ratio	ratio	NOUN
fbem-2306	80	14	of	of	ADP
fbem-2306	80	15	wentai	wentai	ADJ
fbem-2306	80	16	technology	technology	NOUN
fbem-2306	80	17	before	before	SCONJ
fbem-2306	80	18	the	the	DET
fbem-2306	80	19	merger	merger	NOUN
fbem-2306	80	20	is	be	AUX
fbem-2306	80	21	much	much	ADV
fbem-2306	80	22	higher	high	ADJ
fbem-2306	80	23	than	than	ADP
fbem-2306	80	24	that	that	PRON
fbem-2306	80	25	of	of	ADP
fbem-2306	80	26	other	other	ADJ
fbem-2306	80	27	years	year	NOUN
fbem-2306	80	28	,	,	PUNCT
fbem-2306	80	29	because	because	SCONJ
fbem-2306	80	30	the	the	DET
fbem-2306	80	31	financial	financial	ADJ
fbem-2306	80	32	statement	statement	NOUN
fbem-2306	80	33	format	format	NOUN
fbem-2306	80	34	of	of	ADP
fbem-2306	80	35	wentai	wentai	PROPN
fbem-2306	80	36	technology	technology	NOUN
fbem-2306	80	37	in	in	ADP
fbem-2306	80	38	2017	2017	NUM
fbem-2306	80	39	has	have	AUX
fbem-2306	80	40	not	not	PART
fbem-2306	80	41	been	be	AUX
fbem-2306	80	42	updated	update	VERB
fbem-2306	80	43	,	,	PUNCT
fbem-2306	80	44	and	and	CCONJ
fbem-2306	80	45	its	its	PRON
fbem-2306	80	46	administrative	administrative	ADJ
fbem-2306	80	47	expenses	expense	NOUN
fbem-2306	80	48	include	include	VERB
fbem-2306	80	49	a	a	DET
fbem-2306	80	50	large	large	ADJ
fbem-2306	80	51	number	number	NOUN
fbem-2306	80	52	of	of	ADP
fbem-2306	80	53	r&d	r&d	NOUN
fbem-2306	80	54	expenses	expense	NOUN
fbem-2306	80	55	.	.	PUNCT
fbem-2306	81	1	after	after	ADP
fbem-2306	81	2	the	the	DET
fbem-2306	81	3	completion	completion	NOUN
fbem-2306	81	4	of	of	ADP
fbem-2306	81	5	the	the	DET
fbem-2306	81	6	merger	merger	NOUN
fbem-2306	81	7	in	in	ADP
fbem-2306	81	8	2019	2019	NUM
fbem-2306	81	9	,	,	PUNCT
fbem-2306	81	10	the	the	DET
fbem-2306	81	11	overhead	overhead	ADJ
fbem-2306	81	12	ratio	ratio	NOUN
fbem-2306	81	13	showed	show	VERB
fbem-2306	81	14	an	an	DET
fbem-2306	81	15	obvious	obvious	ADJ
fbem-2306	81	16	upward	upward	ADJ
fbem-2306	81	17	trend	trend	NOUN
fbem-2306	81	18	.	.	PUNCT
fbem-2306	82	1	in	in	ADP
fbem-2306	82	2	addition	addition	NOUN
fbem-2306	82	3	to	to	ADP
fbem-2306	82	4	the	the	DET
fbem-2306	82	5	expansion	expansion	NOUN
fbem-2306	82	6	of	of	ADP
fbem-2306	82	7	the	the	DET
fbem-2306	82	8	business	business	NOUN
fbem-2306	82	9	scope	scope	NOUN
fbem-2306	82	10	and	and	CCONJ
fbem-2306	82	11	a	a	DET
fbem-2306	82	12	large	large	ADJ
fbem-2306	82	13	amount	amount	NOUN
fbem-2306	82	14	of	of	ADP
fbem-2306	82	15	r&d	r&d	NOUN
fbem-2306	82	16	investment	investment	NOUN
fbem-2306	82	17	,	,	PUNCT
fbem-2306	82	18	the	the	DET
fbem-2306	82	19	equity	equity	NOUN
fbem-2306	82	20	incentive	incentive	NOUN
fbem-2306	82	21	expense	expense	NOUN
fbem-2306	82	22	caused	cause	VERB
fbem-2306	82	23	by	by	ADP
fbem-2306	82	24	the	the	DET
fbem-2306	82	25	implementation	implementation	NOUN
fbem-2306	82	26	of	of	ADP
fbem-2306	82	27	the	the	DET
fbem-2306	82	28	equity	equity	NOUN
fbem-2306	82	29	incentive	incentive	NOUN
fbem-2306	82	30	policy	policy	NOUN
fbem-2306	82	31	in	in	ADP
fbem-2306	82	32	2020	2020	NUM
fbem-2306	82	33	led	lead	VERB
fbem-2306	82	34	to	to	ADP
fbem-2306	82	35	a	a	DET
fbem-2306	82	36	sharp	sharp	ADJ
fbem-2306	82	37	increase	increase	NOUN
fbem-2306	82	38	in	in	ADP
fbem-2306	82	39	overhead	overhead	NOUN
fbem-2306	82	40	.	.	PUNCT
fbem-2306	83	1	from	from	ADP
fbem-2306	83	2	the	the	DET
fbem-2306	83	3	perspective	perspective	NOUN
fbem-2306	83	4	of	of	ADP
fbem-2306	83	5	the	the	DET
fbem-2306	83	6	sales	sale	NOUN
fbem-2306	83	7	expense	expense	NOUN
fbem-2306	83	8	ratio	ratio	NOUN
fbem-2306	83	9	,	,	PUNCT
fbem-2306	83	10	it	it	PRON
fbem-2306	83	11	also	also	ADV
fbem-2306	83	12	showed	show	VERB
fbem-2306	83	13	an	an	DET
fbem-2306	83	14	upward	upward	ADJ
fbem-2306	83	15	trend	trend	NOUN
fbem-2306	83	16	due	due	ADP
fbem-2306	83	17	to	to	ADP
fbem-2306	83	18	the	the	DET
fbem-2306	83	19	increase	increase	NOUN
fbem-2306	83	20	in	in	ADP
fbem-2306	83	21	business	business	NOUN
fbem-2306	83	22	after	after	ADP
fbem-2306	83	23	the	the	DET
fbem-2306	83	24	merger	merger	NOUN
fbem-2306	83	25	and	and	CCONJ
fbem-2306	83	26	acquisition	acquisition	NOUN
fbem-2306	83	27	;	;	PUNCT
fbem-2306	83	28	and	and	CCONJ
fbem-2306	83	29	showed	show	VERB
fbem-2306	83	30	a	a	DET
fbem-2306	83	31	downward	downward	ADJ
fbem-2306	83	32	trend	trend	NOUN
fbem-2306	83	33	in	in	ADP
fbem-2306	83	34	2021	2021	NUM
fbem-2306	83	35	.	.	PUNCT
fbem-2306	84	1	overall	overall	ADV
fbem-2306	84	2	,	,	PUNCT
fbem-2306	84	3	the	the	DET
fbem-2306	84	4	cost	cost	NOUN
fbem-2306	84	5	control	control	NOUN
fbem-2306	84	6	situation	situation	NOUN
fbem-2306	84	7	after	after	ADP
fbem-2306	84	8	the	the	DET
fbem-2306	84	9	merger	merger	NOUN
fbem-2306	84	10	of	of	ADP
fbem-2306	84	11	wentai	wentai	PROPN
fbem-2306	84	12	technology	technology	NOUN
fbem-2306	84	13	and	and	CCONJ
fbem-2306	84	14	ansei	ansei	PROPN
fbem-2306	84	15	semiconductor	semiconductor	NOUN
fbem-2306	84	16	was	be	AUX
fbem-2306	84	17	not	not	PART
fbem-2306	84	18	ideal	ideal	ADJ
fbem-2306	84	19	,	,	PUNCT
fbem-2306	84	20	and	and	CCONJ
fbem-2306	84	21	the	the	DET
fbem-2306	84	22	management	management	NOUN
fbem-2306	84	23	synergies	synergy	NOUN
fbem-2306	84	24	were	be	AUX
fbem-2306	84	25	not	not	PART
fbem-2306	84	26	realized	realize	VERB
fbem-2306	84	27	.	.	PUNCT
fbem-2306	85	1	the	the	DET
fbem-2306	85	2	main	main	ADJ
fbem-2306	85	3	reason	reason	NOUN
fbem-2306	85	4	is	be	AUX
fbem-2306	85	5	that	that	SCONJ
fbem-2306	85	6	it	it	PRON
fbem-2306	85	7	is	be	AUX
fbem-2306	85	8	currently	currently	ADV
fbem-2306	85	9	in	in	ADP
fbem-2306	85	10	the	the	DET
fbem-2306	85	11	integration	integration	NOUN
fbem-2306	85	12	stage	stage	NOUN
fbem-2306	85	13	,	,	PUNCT
fbem-2306	85	14	during	during	ADP
fbem-2306	85	15	which	which	PRON
fbem-2306	85	16	a	a	DET
fbem-2306	85	17	large	large	ADJ
fbem-2306	85	18	amount	amount	NOUN
fbem-2306	85	19	of	of	ADP
fbem-2306	85	20	money	money	NOUN
fbem-2306	85	21	needs	need	VERB
fbem-2306	85	22	to	to	PART
fbem-2306	85	23	be	be	AUX
fbem-2306	85	24	invested	invest	VERB
fbem-2306	85	25	to	to	PART
fbem-2306	85	26	run	run	VERB
fbem-2306	85	27	in	in	ADP
fbem-2306	85	28	and	and	CCONJ
fbem-2306	85	29	break	break	VERB
fbem-2306	85	30	through	through	ADP
fbem-2306	85	31	the	the	DET
fbem-2306	85	32	barriers	barrier	NOUN
fbem-2306	85	33	of	of	ADP
fbem-2306	85	34	internal	internal	ADJ
fbem-2306	85	35	information	information	NOUN
fbem-2306	85	36	exchange	exchange	NOUN
fbem-2306	85	37	.	.	PUNCT
fbem-2306	86	1	the	the	DET
fbem-2306	86	2	specific	specific	ADJ
fbem-2306	86	3	management	management	NOUN
fbem-2306	86	4	synergies	synergy	NOUN
fbem-2306	86	5	need	need	VERB
fbem-2306	86	6	to	to	PART
fbem-2306	86	7	be	be	AUX
fbem-2306	86	8	further	far	ADV
fbem-2306	86	9	observed	observe	VERB
fbem-2306	86	10	in	in	ADP
fbem-2306	86	11	the	the	DET
fbem-2306	86	12	later	later	ADJ
fbem-2306	86	13	stage	stage	NOUN
fbem-2306	86	14	.	.	PUNCT
fbem-2306	87	1	table	table	NOUN
fbem-2306	87	2	1	1	NUM
fbem-2306	87	3	.	.	PUNCT
fbem-2306	88	1	cost	cost	NOUN
fbem-2306	88	2	control	control	NOUN
fbem-2306	88	3	ability	ability	NOUN
fbem-2306	88	4	index	index	NOUN
fbem-2306	88	5	of	of	ADP
fbem-2306	88	6	wentai	wentai	PROPN
fbem-2306	88	7	technology	technology	NOUN
fbem-2306	88	8	group	group	NOUN
fbem-2306	88	9	from	from	ADP
fbem-2306	88	10	2017	2017	NUM
fbem-2306	88	11	to	to	ADP
fbem-2306	88	12	20211	20211	NUM
fbem-2306	88	13	164	164	NUM
fbem-2306	88	14	figure	figure	NOUN
fbem-2306	88	15	1	1	NUM
fbem-2306	88	16	.	.	PUNCT
fbem-2306	89	1	change	change	NOUN
fbem-2306	89	2	trend	trend	NOUN
fbem-2306	89	3	of	of	ADP
fbem-2306	89	4	expense	expense	NOUN
fbem-2306	89	5	control	control	NOUN
fbem-2306	89	6	ability	ability	NOUN
fbem-2306	89	7	index	index	NOUN
fbem-2306	89	8	of	of	ADP
fbem-2306	89	9	wentai	wentai	PROPN
fbem-2306	89	10	technology	technology	NOUN
fbem-2306	89	11	group	group	NOUN
fbem-2306	89	12	during	during	ADP
fbem-2306	89	13	2017	2017	NUM
fbem-2306	89	14	-	-	SYM
fbem-2306	89	15	2021	2021	NUM
fbem-2306	89	16	4.1.2	4.1.2	NUM
fbem-2306	89	17	.	.	PUNCT
fbem-2306	89	18	asset	asset	NOUN
fbem-2306	89	19	management	management	NOUN
fbem-2306	89	20	capability	capability	NOUN
fbem-2306	89	21	since	since	SCONJ
fbem-2306	89	22	wentai	wentai	ADJ
fbem-2306	89	23	technology	technology	NOUN
fbem-2306	89	24	is	be	AUX
fbem-2306	89	25	a	a	DET
fbem-2306	89	26	large	large	ADJ
fbem-2306	89	27	-	-	PUNCT
fbem-2306	89	28	scale	scale	NOUN
fbem-2306	89	29	manufacturing	manufacturing	NOUN
fbem-2306	89	30	industry	industry	NOUN
fbem-2306	89	31	,	,	PUNCT
fbem-2306	89	32	this	this	DET
fbem-2306	89	33	paper	paper	NOUN
fbem-2306	89	34	mainly	mainly	ADV
fbem-2306	89	35	analyzes	analyze	VERB
fbem-2306	89	36	the	the	DET
fbem-2306	89	37	asset	asset	NOUN
fbem-2306	89	38	management	management	NOUN
fbem-2306	89	39	ability	ability	NOUN
fbem-2306	89	40	of	of	ADP
fbem-2306	89	41	wentai	wentai	ADJ
fbem-2306	89	42	technology	technology	NOUN
fbem-2306	89	43	after	after	ADP
fbem-2306	89	44	merger	merger	NOUN
fbem-2306	89	45	through	through	ADP
fbem-2306	89	46	inventory	inventory	NOUN
fbem-2306	89	47	and	and	CCONJ
fbem-2306	89	48	accounts	account	VERB
fbem-2306	89	49	receivable	receivable	ADJ
fbem-2306	89	50	turnover	turnover	NOUN
fbem-2306	89	51	.	.	PUNCT
fbem-2306	90	1	from	from	ADP
fbem-2306	90	2	the	the	DET
fbem-2306	90	3	perspective	perspective	NOUN
fbem-2306	90	4	of	of	ADP
fbem-2306	90	5	inventory	inventory	NOUN
fbem-2306	90	6	turnover	turnover	NOUN
fbem-2306	90	7	rate	rate	NOUN
fbem-2306	90	8	,	,	PUNCT
fbem-2306	90	9	the	the	PRON
fbem-2306	90	10	faster	fast	ADV
fbem-2306	90	11	the	the	DET
fbem-2306	90	12	inventory	inventory	NOUN
fbem-2306	90	13	turnover	turnover	NOUN
fbem-2306	90	14	rate	rate	NOUN
fbem-2306	90	15	,	,	PUNCT
fbem-2306	90	16	the	the	PRON
fbem-2306	90	17	lower	low	ADJ
fbem-2306	90	18	the	the	DET
fbem-2306	90	19	inventory	inventory	NOUN
fbem-2306	90	20	occupation	occupation	NOUN
fbem-2306	90	21	level	level	NOUN
fbem-2306	90	22	,	,	PUNCT
fbem-2306	90	23	the	the	PRON
fbem-2306	90	24	stronger	strong	ADJ
fbem-2306	90	25	the	the	DET
fbem-2306	90	26	liquidity	liquidity	NOUN
fbem-2306	90	27	,	,	PUNCT
fbem-2306	90	28	and	and	CCONJ
fbem-2306	90	29	the	the	PRON
fbem-2306	90	30	faster	fast	ADV
fbem-2306	90	31	the	the	DET
fbem-2306	90	32	inventory	inventory	NOUN
fbem-2306	90	33	into	into	ADP
fbem-2306	90	34	cash	cash	NOUN
fbem-2306	90	35	.	.	PUNCT
fbem-2306	91	1	the	the	DET
fbem-2306	91	2	inventory	inventory	NOUN
fbem-2306	91	3	turnover	turnover	NOUN
fbem-2306	91	4	of	of	ADP
fbem-2306	91	5	wentai	wentai	PROPN
fbem-2306	91	6	technology	technology	NOUN
fbem-2306	91	7	showed	show	VERB
fbem-2306	91	8	an	an	DET
fbem-2306	91	9	upward	upward	ADJ
fbem-2306	91	10	trend	trend	NOUN
fbem-2306	91	11	before	before	ADP
fbem-2306	91	12	the	the	DET
fbem-2306	91	13	merger	merger	NOUN
fbem-2306	91	14	but	but	CCONJ
fbem-2306	91	15	began	begin	VERB
fbem-2306	91	16	to	to	PART
fbem-2306	91	17	decline	decline	VERB
fbem-2306	91	18	in	in	ADP
fbem-2306	91	19	2020	2020	NUM
fbem-2306	91	20	after	after	ADP
fbem-2306	91	21	the	the	DET
fbem-2306	91	22	completion	completion	NOUN
fbem-2306	91	23	of	of	ADP
fbem-2306	91	24	the	the	DET
fbem-2306	91	25	merger	merger	NOUN
fbem-2306	91	26	.	.	PUNCT
fbem-2306	92	1	the	the	DET
fbem-2306	92	2	main	main	ADJ
fbem-2306	92	3	reason	reason	NOUN
fbem-2306	92	4	is	be	AUX
fbem-2306	92	5	that	that	SCONJ
fbem-2306	92	6	the	the	DET
fbem-2306	92	7	original	original	ADJ
fbem-2306	92	8	business	business	NOUN
fbem-2306	92	9	production	production	NOUN
fbem-2306	92	10	process	process	NOUN
fbem-2306	92	11	of	of	ADP
fbem-2306	92	12	wentai	wentai	PROPN
fbem-2306	92	13	technology	technology	NOUN
fbem-2306	92	14	is	be	AUX
fbem-2306	92	15	simple	simple	ADJ
fbem-2306	92	16	compared	compare	VERB
fbem-2306	92	17	with	with	ADP
fbem-2306	92	18	that	that	PRON
fbem-2306	92	19	of	of	ADP
fbem-2306	92	20	ansei	ansei	PROPN
fbem-2306	92	21	semiconductor	semiconductor	NOUN
fbem-2306	92	22	business	business	NOUN
fbem-2306	92	23	,	,	PUNCT
fbem-2306	92	24	while	while	SCONJ
fbem-2306	92	25	the	the	DET
fbem-2306	92	26	production	production	NOUN
fbem-2306	92	27	cycle	cycle	NOUN
fbem-2306	92	28	of	of	ADP
fbem-2306	92	29	ansei	ansei	PROPN
fbem-2306	92	30	semiconductor	semiconductor	NOUN
fbem-2306	92	31	business	business	NOUN
fbem-2306	92	32	is	be	AUX
fbem-2306	92	33	long	long	ADJ
fbem-2306	92	34	,	,	PUNCT
fbem-2306	92	35	which	which	PRON
fbem-2306	92	36	reduces	reduce	VERB
fbem-2306	92	37	the	the	DET
fbem-2306	92	38	inventory	inventory	NOUN
fbem-2306	92	39	turnover	turnover	NOUN
fbem-2306	92	40	rate	rate	NOUN
fbem-2306	92	41	.	.	PUNCT
fbem-2306	93	1	from	from	ADP
fbem-2306	93	2	the	the	DET
fbem-2306	93	3	perspective	perspective	NOUN
fbem-2306	93	4	of	of	ADP
fbem-2306	93	5	the	the	DET
fbem-2306	93	6	accounts	account	NOUN
fbem-2306	93	7	receivable	receivable	ADJ
fbem-2306	93	8	turnover	turnover	NOUN
fbem-2306	93	9	ratio	ratio	NOUN
fbem-2306	93	10	,	,	PUNCT
fbem-2306	93	11	a	a	DET
fbem-2306	93	12	higher	high	ADJ
fbem-2306	93	13	accounts	account	NOUN
fbem-2306	93	14	receivable	receivable	ADJ
fbem-2306	93	15	turnover	turnover	NOUN
fbem-2306	93	16	ratio	ratio	NOUN
fbem-2306	93	17	indicates	indicate	VERB
fbem-2306	93	18	a	a	DET
fbem-2306	93	19	higher	high	ADJ
fbem-2306	93	20	capital	capital	NOUN
fbem-2306	93	21	utilization	utilization	NOUN
fbem-2306	93	22	efficiency	efficiency	NOUN
fbem-2306	93	23	.	.	PUNCT
fbem-2306	94	1	it	it	PRON
fbem-2306	94	2	showed	show	VERB
fbem-2306	94	3	a	a	DET
fbem-2306	94	4	downward	downward	ADJ
fbem-2306	94	5	trend	trend	NOUN
fbem-2306	94	6	before	before	ADP
fbem-2306	94	7	the	the	DET
fbem-2306	94	8	merger	merger	NOUN
fbem-2306	94	9	and	and	CCONJ
fbem-2306	94	10	acquisition	acquisition	NOUN
fbem-2306	94	11	,	,	PUNCT
fbem-2306	94	12	and	and	CCONJ
fbem-2306	94	13	an	an	DET
fbem-2306	94	14	upward	upward	ADJ
fbem-2306	94	15	trend	trend	NOUN
fbem-2306	94	16	after	after	ADP
fbem-2306	94	17	the	the	DET
fbem-2306	94	18	merger	merger	NOUN
fbem-2306	94	19	and	and	CCONJ
fbem-2306	94	20	acquisition	acquisition	NOUN
fbem-2306	94	21	in	in	ADP
fbem-2306	94	22	2019	2019	NUM
fbem-2306	94	23	,	,	PUNCT
fbem-2306	94	24	and	and	CCONJ
fbem-2306	94	25	returned	return	VERB
fbem-2306	94	26	to	to	ADP
fbem-2306	94	27	the	the	DET
fbem-2306	94	28	level	level	NOUN
fbem-2306	94	29	of	of	ADP
fbem-2306	94	30	2017	2017	NUM
fbem-2306	94	31	in	in	ADP
fbem-2306	94	32	2021	2021	NUM
fbem-2306	94	33	,	,	PUNCT
fbem-2306	94	34	indicating	indicate	VERB
fbem-2306	94	35	that	that	SCONJ
fbem-2306	94	36	wentai	wentai	VERB
fbem-2306	94	37	technology	technology	NOUN
fbem-2306	94	38	has	have	AUX
fbem-2306	94	39	improved	improve	VERB
fbem-2306	94	40	its	its	PRON
fbem-2306	94	41	capital	capital	NOUN
fbem-2306	94	42	utilization	utilization	NOUN
fbem-2306	94	43	efficiency	efficiency	NOUN
fbem-2306	94	44	after	after	ADP
fbem-2306	94	45	the	the	DET
fbem-2306	94	46	merger	merger	NOUN
fbem-2306	94	47	and	and	CCONJ
fbem-2306	94	48	acquisition	acquisition	NOUN
fbem-2306	94	49	.	.	PUNCT
fbem-2306	95	1	in	in	ADP
fbem-2306	95	2	general	general	ADJ
fbem-2306	95	3	,	,	PUNCT
fbem-2306	95	4	wentai	wentai	VERB
fbem-2306	95	5	technology	technology	NOUN
fbem-2306	95	6	is	be	AUX
fbem-2306	95	7	not	not	PART
fbem-2306	95	8	ideal	ideal	ADJ
fbem-2306	95	9	in	in	ADP
fbem-2306	95	10	asset	asset	NOUN
fbem-2306	95	11	management	management	NOUN
fbem-2306	95	12	after	after	ADP
fbem-2306	95	13	the	the	DET
fbem-2306	95	14	merger	merger	NOUN
fbem-2306	95	15	and	and	CCONJ
fbem-2306	95	16	acquisition	acquisition	NOUN
fbem-2306	95	17	,	,	PUNCT
fbem-2306	95	18	and	and	CCONJ
fbem-2306	95	19	there	there	PRON
fbem-2306	95	20	is	be	VERB
fbem-2306	95	21	still	still	ADV
fbem-2306	95	22	a	a	DET
fbem-2306	95	23	lot	lot	NOUN
fbem-2306	95	24	of	of	ADP
fbem-2306	95	25	room	room	NOUN
fbem-2306	95	26	for	for	ADP
fbem-2306	95	27	improvement	improvement	NOUN
fbem-2306	95	28	,	,	PUNCT
fbem-2306	95	29	and	and	CCONJ
fbem-2306	95	30	the	the	DET
fbem-2306	95	31	management	management	NOUN
fbem-2306	95	32	synergies	synergy	NOUN
fbem-2306	95	33	after	after	SCONJ
fbem-2306	95	34	the	the	DET
fbem-2306	95	35	merger	merger	NOUN
fbem-2306	95	36	and	and	CCONJ
fbem-2306	95	37	acquisition	acquisition	NOUN
fbem-2306	95	38	are	be	AUX
fbem-2306	95	39	not	not	PART
fbem-2306	95	40	significant	significant	ADJ
fbem-2306	95	41	.	.	PUNCT
fbem-2306	96	1	table	table	NOUN
fbem-2306	96	2	2	2	NUM
fbem-2306	96	3	.	.	PUNCT
fbem-2306	96	4	asset	asset	NOUN
fbem-2306	96	5	management	management	NOUN
fbem-2306	96	6	capability	capability	NOUN
fbem-2306	96	7	indicators	indicator	NOUN
fbem-2306	96	8	of	of	ADP
fbem-2306	96	9	wentai	wentai	PROPN
fbem-2306	96	10	technology	technology	NOUN
fbem-2306	96	11	group	group	NOUN
fbem-2306	96	12	from	from	ADP
fbem-2306	96	13	2017	2017	NUM
fbem-2306	96	14	to	to	ADP
fbem-2306	96	15	20212	20212	NUM
fbem-2306	96	16	figure	figure	NOUN
fbem-2306	96	17	2	2	NUM
fbem-2306	96	18	.	.	NOUN
fbem-2306	96	19	trend	trend	NOUN
fbem-2306	96	20	of	of	ADP
fbem-2306	96	21	asset	asset	NOUN
fbem-2306	96	22	management	management	NOUN
fbem-2306	96	23	capability	capability	NOUN
fbem-2306	96	24	indicators	indicator	NOUN
fbem-2306	96	25	of	of	ADP
fbem-2306	96	26	wentai	wentai	PROPN
fbem-2306	96	27	technology	technology	NOUN
fbem-2306	96	28	group	group	NOUN
fbem-2306	96	29	from	from	ADP
fbem-2306	96	30	2017	2017	NUM
fbem-2306	96	31	to	to	ADP
fbem-2306	96	32	2021	2021	NUM
fbem-2306	96	33	165	165	NUM
fbem-2306	96	34	4.2	4.2	NUM
fbem-2306	96	35	.	.	PUNCT
fbem-2306	97	1	analysis	analysis	NOUN
fbem-2306	97	2	of	of	ADP
fbem-2306	97	3	operating	operating	NOUN
fbem-2306	97	4	synergies	synergy	NOUN
fbem-2306	97	5	the	the	DET
fbem-2306	97	6	theory	theory	NOUN
fbem-2306	97	7	of	of	ADP
fbem-2306	97	8	operating	operate	VERB
fbem-2306	97	9	synergy	synergy	NOUN
fbem-2306	97	10	is	be	AUX
fbem-2306	97	11	mainly	mainly	ADV
fbem-2306	97	12	reflected	reflect	VERB
fbem-2306	97	13	in	in	ADP
fbem-2306	97	14	the	the	DET
fbem-2306	97	15	improvement	improvement	NOUN
fbem-2306	97	16	of	of	ADP
fbem-2306	97	17	operating	operate	VERB
fbem-2306	97	18	efficiency	efficiency	NOUN
fbem-2306	97	19	and	and	CCONJ
fbem-2306	97	20	sustainable	sustainable	ADJ
fbem-2306	97	21	growth	growth	NOUN
fbem-2306	97	22	ability	ability	NOUN
fbem-2306	97	23	.	.	PUNCT
fbem-2306	98	1	on	on	ADP
fbem-2306	98	2	the	the	DET
fbem-2306	98	3	one	one	NUM
fbem-2306	98	4	hand	hand	NOUN
fbem-2306	98	5	,	,	PUNCT
fbem-2306	98	6	the	the	DET
fbem-2306	98	7	integration	integration	NOUN
fbem-2306	98	8	of	of	ADP
fbem-2306	98	9	upstream	upstream	ADJ
fbem-2306	98	10	and	and	CCONJ
fbem-2306	98	11	downstream	downstream	ADJ
fbem-2306	98	12	,	,	PUNCT
fbem-2306	98	13	ensure	ensure	VERB
fbem-2306	98	14	the	the	DET
fbem-2306	98	15	stability	stability	NOUN
fbem-2306	98	16	and	and	CCONJ
fbem-2306	98	17	reliability	reliability	NOUN
fbem-2306	98	18	of	of	ADP
fbem-2306	98	19	upstream	upstream	ADJ
fbem-2306	98	20	supply	supply	NOUN
fbem-2306	98	21	and	and	CCONJ
fbem-2306	98	22	control	control	NOUN
fbem-2306	98	23	of	of	ADP
fbem-2306	98	24	key	key	ADJ
fbem-2306	98	25	raw	raw	ADJ
fbem-2306	98	26	material	material	NOUN
fbem-2306	98	27	costs	cost	NOUN
fbem-2306	98	28	,	,	PUNCT
fbem-2306	98	29	which	which	PRON
fbem-2306	98	30	will	will	AUX
fbem-2306	98	31	ensure	ensure	VERB
fbem-2306	98	32	the	the	DET
fbem-2306	98	33	steady	steady	ADJ
fbem-2306	98	34	production	production	NOUN
fbem-2306	98	35	of	of	ADP
fbem-2306	98	36	enterprises	enterprise	NOUN
fbem-2306	98	37	,	,	PUNCT
fbem-2306	98	38	conducive	conducive	ADJ
fbem-2306	98	39	to	to	ADP
fbem-2306	98	40	the	the	DET
fbem-2306	98	41	long	long	ADJ
fbem-2306	98	42	-	-	PUNCT
fbem-2306	98	43	term	term	NOUN
fbem-2306	98	44	development	development	NOUN
fbem-2306	98	45	of	of	ADP
fbem-2306	98	46	earnings	earning	NOUN
fbem-2306	98	47	;	;	PUNCT
fbem-2306	98	48	on	on	ADP
fbem-2306	98	49	the	the	DET
fbem-2306	98	50	other	other	ADJ
fbem-2306	98	51	hand	hand	NOUN
fbem-2306	98	52	,	,	PUNCT
fbem-2306	98	53	r&d	r&d	NOUN
fbem-2306	98	54	and	and	CCONJ
fbem-2306	98	55	innovation	innovation	NOUN
fbem-2306	98	56	capability	capability	NOUN
fbem-2306	98	57	is	be	AUX
fbem-2306	98	58	the	the	DET
fbem-2306	98	59	key	key	NOUN
fbem-2306	98	60	for	for	SCONJ
fbem-2306	98	61	enterprises	enterprise	NOUN
fbem-2306	98	62	to	to	PART
fbem-2306	98	63	maintain	maintain	VERB
fbem-2306	98	64	strong	strong	ADJ
fbem-2306	98	65	competitiveness	competitiveness	NOUN
fbem-2306	98	66	in	in	ADP
fbem-2306	98	67	the	the	DET
fbem-2306	98	68	market	market	NOUN
fbem-2306	98	69	.	.	PUNCT
fbem-2306	99	1	after	after	ADP
fbem-2306	99	2	the	the	DET
fbem-2306	99	3	merger	merger	NOUN
fbem-2306	99	4	and	and	CCONJ
fbem-2306	99	5	acquisition	acquisition	NOUN
fbem-2306	99	6	,	,	PUNCT
fbem-2306	99	7	the	the	DET
fbem-2306	99	8	technology	technology	NOUN
fbem-2306	99	9	of	of	ADP
fbem-2306	99	10	both	both	DET
fbem-2306	99	11	sides	side	NOUN
fbem-2306	99	12	can	can	AUX
fbem-2306	99	13	be	be	AUX
fbem-2306	99	14	coordinated	coordinate	VERB
fbem-2306	99	15	through	through	ADP
fbem-2306	99	16	internal	internal	ADJ
fbem-2306	99	17	sharing	sharing	NOUN
fbem-2306	99	18	,	,	PUNCT
fbem-2306	99	19	and	and	CCONJ
fbem-2306	99	20	product	product	NOUN
fbem-2306	99	21	differentiation	differentiation	NOUN
fbem-2306	99	22	can	can	AUX
fbem-2306	99	23	be	be	AUX
fbem-2306	99	24	improved	improve	VERB
fbem-2306	99	25	to	to	PART
fbem-2306	99	26	enhance	enhance	VERB
fbem-2306	99	27	the	the	DET
fbem-2306	99	28	competitiveness	competitiveness	NOUN
fbem-2306	99	29	of	of	ADP
fbem-2306	99	30	enterprises	enterprise	NOUN
fbem-2306	99	31	and	and	CCONJ
fbem-2306	99	32	ensure	ensure	VERB
fbem-2306	99	33	their	their	PRON
fbem-2306	99	34	sustainable	sustainable	ADJ
fbem-2306	99	35	development	development	NOUN
fbem-2306	99	36	of	of	ADP
fbem-2306	99	37	enterprises	enterprise	NOUN
fbem-2306	99	38	.	.	PUNCT
fbem-2306	100	1	therefore	therefore	ADV
fbem-2306	100	2	,	,	PUNCT
fbem-2306	100	3	this	this	DET
fbem-2306	100	4	paper	paper	NOUN
fbem-2306	100	5	mainly	mainly	ADV
fbem-2306	100	6	analyzes	analyze	VERB
fbem-2306	100	7	the	the	DET
fbem-2306	100	8	operational	operational	ADJ
fbem-2306	100	9	synergy	synergy	NOUN
fbem-2306	100	10	effect	effect	NOUN
fbem-2306	100	11	of	of	ADP
fbem-2306	100	12	wentai	wentai	ADJ
fbem-2306	100	13	technology	technology	NOUN
fbem-2306	100	14	after	after	ADP
fbem-2306	100	15	the	the	DET
fbem-2306	100	16	merger	merger	NOUN
fbem-2306	100	17	from	from	ADP
fbem-2306	100	18	the	the	DET
fbem-2306	100	19	perspective	perspective	NOUN
fbem-2306	100	20	of	of	ADP
fbem-2306	100	21	growth	growth	NOUN
fbem-2306	100	22	capability	capability	NOUN
fbem-2306	100	23	and	and	CCONJ
fbem-2306	100	24	r&d	r&d	NOUN
fbem-2306	100	25	and	and	CCONJ
fbem-2306	100	26	innovation	innovation	NOUN
fbem-2306	100	27	capability	capability	NOUN
fbem-2306	100	28	.	.	PUNCT
fbem-2306	101	1	4.2.1	4.2.1	NOUN
fbem-2306	101	2	.	.	PUNCT
fbem-2306	101	3	growth	growth	NOUN
fbem-2306	101	4	ability	ability	NOUN
fbem-2306	101	5	this	this	DET
fbem-2306	101	6	paper	paper	NOUN
fbem-2306	101	7	analyzes	analyze	VERB
fbem-2306	101	8	the	the	DET
fbem-2306	101	9	growth	growth	NOUN
fbem-2306	101	10	ability	ability	NOUN
fbem-2306	101	11	of	of	ADP
fbem-2306	101	12	wentai	wentai	ADJ
fbem-2306	101	13	technology	technology	NOUN
fbem-2306	101	14	after	after	ADP
fbem-2306	101	15	the	the	DET
fbem-2306	101	16	merger	merger	NOUN
fbem-2306	101	17	by	by	ADP
fbem-2306	101	18	selecting	select	VERB
fbem-2306	101	19	the	the	DET
fbem-2306	101	20	operating	operate	VERB
fbem-2306	101	21	income	income	NOUN
fbem-2306	101	22	and	and	CCONJ
fbem-2306	101	23	the	the	DET
fbem-2306	101	24	growth	growth	NOUN
fbem-2306	101	25	rate	rate	NOUN
fbem-2306	101	26	of	of	ADP
fbem-2306	101	27	operating	operate	VERB
fbem-2306	101	28	income	income	NOUN
fbem-2306	101	29	.	.	PUNCT
fbem-2306	102	1	as	as	SCONJ
fbem-2306	102	2	can	can	AUX
fbem-2306	102	3	be	be	AUX
fbem-2306	102	4	seen	see	VERB
fbem-2306	102	5	from	from	ADP
fbem-2306	102	6	the	the	DET
fbem-2306	102	7	following	follow	VERB
fbem-2306	102	8	figure	figure	NOUN
fbem-2306	102	9	,	,	PUNCT
fbem-2306	102	10	before	before	ADP
fbem-2306	102	11	the	the	DET
fbem-2306	102	12	merger	merger	NOUN
fbem-2306	102	13	,	,	PUNCT
fbem-2306	102	14	the	the	DET
fbem-2306	102	15	original	original	ADJ
fbem-2306	102	16	industry	industry	NOUN
fbem-2306	102	17	of	of	ADP
fbem-2306	102	18	wentai	wentai	PROPN
fbem-2306	102	19	technology	technology	NOUN
fbem-2306	102	20	has	have	AUX
fbem-2306	102	21	entered	enter	VERB
fbem-2306	102	22	the	the	DET
fbem-2306	102	23	mature	mature	ADJ
fbem-2306	102	24	stage	stage	NOUN
fbem-2306	102	25	,	,	PUNCT
fbem-2306	102	26	and	and	CCONJ
fbem-2306	102	27	the	the	DET
fbem-2306	102	28	revenue	revenue	NOUN
fbem-2306	102	29	growth	growth	NOUN
fbem-2306	102	30	has	have	AUX
fbem-2306	102	31	been	be	AUX
fbem-2306	102	32	difficult	difficult	ADJ
fbem-2306	102	33	to	to	PART
fbem-2306	102	34	break	break	VERB
fbem-2306	102	35	through	through	ADP
fbem-2306	102	36	.	.	PUNCT
fbem-2306	103	1	in	in	ADP
fbem-2306	103	2	mergers	merger	NOUN
fbem-2306	103	3	and	and	CCONJ
fbem-2306	103	4	acquisitions	acquisition	NOUN
fbem-2306	103	5	after	after	ADP
fbem-2306	103	6	the	the	DET
fbem-2306	103	7	semiconductor	semiconductor	NOUN
fbem-2306	103	8	,	,	PUNCT
fbem-2306	103	9	income	income	NOUN
fbem-2306	103	10	has	have	AUX
fbem-2306	103	11	been	be	AUX
fbem-2306	103	12	a	a	DET
fbem-2306	103	13	sharp	sharp	ADJ
fbem-2306	103	14	growth	growth	NOUN
fbem-2306	103	15	,	,	PUNCT
fbem-2306	103	16	also	also	ADV
fbem-2306	103	17	breaking	break	VERB
fbem-2306	103	18	through	through	ADP
fbem-2306	103	19	50	50	NUM
fbem-2306	103	20	billion	billion	NUM
fbem-2306	103	21	in	in	ADP
fbem-2306	103	22	revenue	revenue	NOUN
fbem-2306	103	23	in	in	ADP
fbem-2306	103	24	2019	2019	NUM
fbem-2306	103	25	,	,	PUNCT
fbem-2306	103	26	in	in	ADP
fbem-2306	103	27	addition	addition	NOUN
fbem-2306	103	28	to	to	ADP
fbem-2306	103	29	the	the	DET
fbem-2306	103	30	semiconductor	semiconductor	NOUN
fbem-2306	103	31	business	business	NOUN
fbem-2306	103	32	bringing	bring	VERB
fbem-2306	103	33	direct	direct	ADJ
fbem-2306	103	34	income	income	NOUN
fbem-2306	103	35	,	,	PUNCT
fbem-2306	103	36	also	also	ADV
fbem-2306	103	37	put	put	VERB
fbem-2306	103	38	the	the	DET
fbem-2306	103	39	world	world	NOUN
fbem-2306	103	40	semiconductor	semiconductor	NOUN
fbem-2306	103	41	market	market	NOUN
fbem-2306	103	42	advantage	advantage	NOUN
fbem-2306	103	43	abroad	abroad	ADV
fbem-2306	103	44	radiation	radiation	NOUN
fbem-2306	103	45	to	to	ADP
fbem-2306	103	46	the	the	DET
fbem-2306	103	47	main	main	ADJ
fbem-2306	103	48	business	business	NOUN
fbem-2306	103	49	of	of	ADP
fbem-2306	103	50	wentai	wentai	VERB
fbem-2306	103	51	itself	itself	PRON
fbem-2306	103	52	,	,	PUNCT
fbem-2306	103	53	for	for	ADP
fbem-2306	103	54	its	its	PRON
fbem-2306	103	55	open	open	NOUN
fbem-2306	103	56	the	the	DET
fbem-2306	103	57	overseas	overseas	ADJ
fbem-2306	103	58	market	market	NOUN
fbem-2306	103	59	,	,	PUNCT
fbem-2306	103	60	at	at	ADP
fbem-2306	103	61	the	the	DET
fbem-2306	103	62	same	same	ADJ
fbem-2306	103	63	time	time	NOUN
fbem-2306	103	64	open	open	VERB
fbem-2306	103	65	the	the	DET
fbem-2306	103	66	domestic	domestic	ADJ
fbem-2306	103	67	market	market	NOUN
fbem-2306	103	68	for	for	ADP
fbem-2306	103	69	the	the	DET
fbem-2306	103	70	semiconductor	semiconductor	NOUN
fbem-2306	103	71	business	business	NOUN
fbem-2306	103	72	.	.	PUNCT
fbem-2306	104	1	therefore	therefore	ADV
fbem-2306	104	2	,	,	PUNCT
fbem-2306	104	3	it	it	PRON
fbem-2306	104	4	can	can	AUX
fbem-2306	104	5	be	be	AUX
fbem-2306	104	6	seen	see	VERB
fbem-2306	104	7	from	from	ADP
fbem-2306	104	8	the	the	DET
fbem-2306	104	9	growth	growth	NOUN
fbem-2306	104	10	capacity	capacity	NOUN
fbem-2306	104	11	that	that	PRON
fbem-2306	104	12	wentai	wentai	VERB
fbem-2306	104	13	technology	technology	NOUN
fbem-2306	104	14	has	have	AUX
fbem-2306	104	15	achieved	achieve	VERB
fbem-2306	104	16	significant	significant	ADJ
fbem-2306	104	17	business	business	NOUN
fbem-2306	104	18	synergies	synergy	NOUN
fbem-2306	104	19	in	in	ADP
fbem-2306	104	20	this	this	DET
fbem-2306	104	21	merger	merger	NOUN
fbem-2306	104	22	.	.	PUNCT
fbem-2306	105	1	table	table	NOUN
fbem-2306	105	2	3	3	NUM
fbem-2306	105	3	.	.	PUNCT
fbem-2306	105	4	growth	growth	NOUN
fbem-2306	105	5	capability	capability	NOUN
fbem-2306	105	6	indicators	indicator	NOUN
fbem-2306	105	7	of	of	ADP
fbem-2306	105	8	wentai	wentai	PROPN
fbem-2306	105	9	technology	technology	NOUN
fbem-2306	105	10	group	group	NOUN
fbem-2306	105	11	from	from	ADP
fbem-2306	105	12	2017	2017	NUM
fbem-2306	105	13	to	to	PART
fbem-2306	105	14	2021	2021	NUM
fbem-2306	105	15	figure	figure	NOUN
fbem-2306	105	16	3	3	NUM
fbem-2306	105	17	.	.	NOUN
fbem-2306	105	18	trend	trend	NOUN
fbem-2306	105	19	of	of	ADP
fbem-2306	105	20	growth	growth	NOUN
fbem-2306	105	21	capability	capability	NOUN
fbem-2306	105	22	indicators	indicator	NOUN
fbem-2306	105	23	of	of	ADP
fbem-2306	105	24	wentai	wentai	PROPN
fbem-2306	105	25	technology	technology	NOUN
fbem-2306	105	26	group	group	NOUN
fbem-2306	105	27	during	during	ADP
fbem-2306	105	28	2017	2017	NUM
fbem-2306	105	29	-	-	SYM
fbem-2306	105	30	2021	2021	NUM
fbem-2306	105	31	4.2.2	4.2.2	NOUN
fbem-2306	105	32	.	.	PUNCT
fbem-2306	106	1	r&d	r&d	NOUN
fbem-2306	106	2	innovation	innovation	NOUN
fbem-2306	106	3	capability	capability	NOUN
fbem-2306	106	4	this	this	DET
fbem-2306	106	5	paper	paper	NOUN
fbem-2306	106	6	analyzes	analyze	VERB
fbem-2306	106	7	the	the	DET
fbem-2306	106	8	r&d	r&d	NOUN
fbem-2306	106	9	and	and	CCONJ
fbem-2306	106	10	innovation	innovation	NOUN
fbem-2306	106	11	capability	capability	NOUN
fbem-2306	106	12	of	of	ADP
fbem-2306	106	13	wentai	wentai	PROPN
fbem-2306	106	14	technology	technology	NOUN
fbem-2306	106	15	after	after	ADP
fbem-2306	106	16	the	the	DET
fbem-2306	106	17	merger	merger	NOUN
fbem-2306	106	18	through	through	ADP
fbem-2306	106	19	the	the	DET
fbem-2306	106	20	change	change	NOUN
fbem-2306	106	21	in	in	ADP
fbem-2306	106	22	r&d	r&d	NOUN
fbem-2306	106	23	expense	expense	NOUN
fbem-2306	106	24	and	and	CCONJ
fbem-2306	106	25	the	the	DET
fbem-2306	106	26	number	number	NOUN
fbem-2306	106	27	of	of	ADP
fbem-2306	106	28	researchers	researcher	NOUN
fbem-2306	106	29	.	.	PUNCT
fbem-2306	107	1	as	as	SCONJ
fbem-2306	107	2	can	can	AUX
fbem-2306	107	3	be	be	AUX
fbem-2306	107	4	seen	see	VERB
fbem-2306	107	5	from	from	ADP
fbem-2306	107	6	the	the	DET
fbem-2306	107	7	table	table	NOUN
fbem-2306	107	8	below	below	ADV
fbem-2306	107	9	,	,	PUNCT
fbem-2306	107	10	in	in	ADP
fbem-2306	107	11	the	the	DET
fbem-2306	107	12	years	year	NOUN
fbem-2306	107	13	before	before	ADP
fbem-2306	107	14	and	and	CCONJ
fbem-2306	107	15	after	after	ADP
fbem-2306	107	16	the	the	DET
fbem-2306	107	17	merger	merger	NOUN
fbem-2306	107	18	,	,	PUNCT
fbem-2306	107	19	the	the	DET
fbem-2306	107	20	r&d	r&d	NOUN
fbem-2306	107	21	expenses	expense	NOUN
fbem-2306	107	22	and	and	CCONJ
fbem-2306	107	23	r&d	r&d	NOUN
fbem-2306	107	24	personnel	personnel	NOUN
fbem-2306	107	25	of	of	ADP
fbem-2306	107	26	wentai	wentai	PROPN
fbem-2306	107	27	technology	technology	NOUN
fbem-2306	107	28	have	have	AUX
fbem-2306	107	29	increased	increase	VERB
fbem-2306	107	30	significantly	significantly	ADV
fbem-2306	107	31	.	.	PUNCT
fbem-2306	108	1	through	through	ADP
fbem-2306	108	2	the	the	DET
fbem-2306	108	3	merger	merger	NOUN
fbem-2306	108	4	,	,	PUNCT
fbem-2306	108	5	wentai	wentai	VERB
fbem-2306	108	6	technology	technology	NOUN
fbem-2306	108	7	has	have	AUX
fbem-2306	108	8	expanded	expand	VERB
fbem-2306	108	9	its	its	PRON
fbem-2306	108	10	product	product	NOUN
fbem-2306	108	11	offerings	offering	NOUN
fbem-2306	108	12	from	from	ADP
fbem-2306	108	13	its	its	PRON
fbem-2306	108	14	original	original	ADJ
fbem-2306	108	15	single	single	ADJ
fbem-2306	108	16	mobile	mobile	NOUN
fbem-2306	108	17	communications	communication	NOUN
fbem-2306	108	18	business	business	NOUN
fbem-2306	108	19	to	to	ADP
fbem-2306	108	20	businesses	business	NOUN
fbem-2306	108	21	such	such	ADJ
fbem-2306	108	22	as	as	ADP
fbem-2306	108	23	semiconductors	semiconductor	NOUN
fbem-2306	108	24	and	and	CCONJ
fbem-2306	108	25	electronic	electronic	ADJ
fbem-2306	108	26	components	component	NOUN
fbem-2306	108	27	using	use	VERB
fbem-2306	108	28	new	new	ADJ
fbem-2306	108	29	technologies	technology	NOUN
fbem-2306	108	30	.	.	PUNCT
fbem-2306	109	1	in	in	ADP
fbem-2306	109	2	particular	particular	ADJ
fbem-2306	109	3	,	,	PUNCT
fbem-2306	109	4	the	the	DET
fbem-2306	109	5	research	research	NOUN
fbem-2306	109	6	and	and	CCONJ
fbem-2306	109	7	development	development	NOUN
fbem-2306	109	8	of	of	ADP
fbem-2306	109	9	third	third	ADJ
fbem-2306	109	10	-	-	PUNCT
fbem-2306	109	11	generation	generation	NOUN
fbem-2306	109	12	semiconductor	semiconductor	NOUN
fbem-2306	109	13	products	product	NOUN
fbem-2306	109	14	,	,	PUNCT
fbem-2306	109	15	such	such	ADJ
fbem-2306	109	16	as	as	ADP
fbem-2306	109	17	gallium	gallium	NOUN
fbem-2306	109	18	nitride	nitride	NOUN
fbem-2306	109	19	and	and	CCONJ
fbem-2306	109	20	silicon	silicon	PROPN
fbem-2306	109	21	carbide	carbide	PROPN
fbem-2306	109	22	,	,	PUNCT
fbem-2306	109	23	has	have	AUX
fbem-2306	109	24	been	be	AUX
fbem-2306	109	25	successful	successful	ADJ
fbem-2306	109	26	,	,	PUNCT
fbem-2306	109	27	enabling	enable	VERB
fbem-2306	109	28	many	many	ADJ
fbem-2306	109	29	5	5	NUM
fbem-2306	109	30	g	g	NOUN
fbem-2306	109	31	,	,	PUNCT
fbem-2306	109	32	iot	iot	NOUN
fbem-2306	109	33	,	,	PUNCT
fbem-2306	109	34	and	and	CCONJ
fbem-2306	109	35	automotive	automotive	ADJ
fbem-2306	109	36	customers	customer	NOUN
fbem-2306	109	37	to	to	PART
fbem-2306	109	38	import	import	VERB
fbem-2306	109	39	and	and	CCONJ
fbem-2306	109	40	sign	sign	VERB
fbem-2306	109	41	strategic	strategic	ADJ
fbem-2306	109	42	cooperation	cooperation	NOUN
fbem-2306	109	43	agreements	agreement	NOUN
fbem-2306	109	44	with	with	ADP
fbem-2306	109	45	the	the	DET
fbem-2306	109	46	company	company	NOUN
fbem-2306	109	47	's	's	PART
fbem-2306	109	48	products	product	NOUN
fbem-2306	109	49	.	.	PUNCT
fbem-2306	110	1	therefore	therefore	ADV
fbem-2306	110	2	,	,	PUNCT
fbem-2306	110	3	through	through	ADP
fbem-2306	110	4	the	the	DET
fbem-2306	110	5	r&d	r&d	NOUN
fbem-2306	110	6	and	and	CCONJ
fbem-2306	110	7	innovation	innovation	NOUN
fbem-2306	110	8	capability	capability	NOUN
fbem-2306	110	9	,	,	PUNCT
fbem-2306	110	10	we	we	PRON
fbem-2306	110	11	can	can	AUX
fbem-2306	110	12	see	see	VERB
fbem-2306	110	13	that	that	SCONJ
fbem-2306	110	14	the	the	DET
fbem-2306	110	15	merger	merger	NOUN
fbem-2306	110	16	of	of	ADP
fbem-2306	110	17	wentai	wentai	PROPN
fbem-2306	110	18	technology	technology	NOUN
fbem-2306	110	19	has	have	AUX
fbem-2306	110	20	achieved	achieve	VERB
fbem-2306	110	21	significant	significant	ADJ
fbem-2306	110	22	business	business	NOUN
fbem-2306	110	23	synergies	synergy	NOUN
fbem-2306	110	24	.	.	PUNCT
fbem-2306	111	1	table	table	NOUN
fbem-2306	111	2	4	4	NUM
fbem-2306	111	3	.	.	PUNCT
fbem-2306	112	1	indexes	index	NOUN
fbem-2306	112	2	of	of	ADP
fbem-2306	112	3	r&d	r&d	NOUN
fbem-2306	112	4	and	and	CCONJ
fbem-2306	112	5	innovation	innovation	NOUN
fbem-2306	112	6	capability	capability	NOUN
fbem-2306	112	7	of	of	ADP
fbem-2306	112	8	wentai	wentai	PROPN
fbem-2306	112	9	technology	technology	NOUN
fbem-2306	112	10	group	group	NOUN
fbem-2306	112	11	during	during	ADP
fbem-2306	112	12	2017	2017	NUM
fbem-2306	112	13	-	-	SYM
fbem-2306	112	14	2021	2021	NUM
fbem-2306	112	15	166	166	NUM
fbem-2306	112	16	figure	figure	NOUN
fbem-2306	112	17	4	4	NUM
fbem-2306	112	18	.	.	NOUN
fbem-2306	112	19	trend	trend	NOUN
fbem-2306	112	20	of	of	ADP
fbem-2306	112	21	r&d	r&d	NOUN
fbem-2306	112	22	innovation	innovation	NOUN
fbem-2306	112	23	capability	capability	NOUN
fbem-2306	112	24	indicators	indicator	NOUN
fbem-2306	112	25	of	of	ADP
fbem-2306	112	26	wentai	wentai	PROPN
fbem-2306	112	27	technology	technology	NOUN
fbem-2306	112	28	group	group	NOUN
fbem-2306	112	29	from	from	ADP
fbem-2306	112	30	2017	2017	NUM
fbem-2306	112	31	to	to	ADP
fbem-2306	112	32	2021	2021	NUM
fbem-2306	112	33	4.3	4.3	NUM
fbem-2306	112	34	.	.	PUNCT
fbem-2306	113	1	analysis	analysis	NOUN
fbem-2306	113	2	of	of	ADP
fbem-2306	113	3	financial	financial	ADJ
fbem-2306	113	4	synergies	synergy	NOUN
fbem-2306	113	5	the	the	DET
fbem-2306	113	6	financial	financial	ADJ
fbem-2306	113	7	synergy	synergy	NOUN
fbem-2306	113	8	effect	effect	NOUN
fbem-2306	113	9	is	be	AUX
fbem-2306	113	10	reflected	reflect	VERB
fbem-2306	113	11	in	in	ADP
fbem-2306	113	12	the	the	DET
fbem-2306	113	13	expansion	expansion	NOUN
fbem-2306	113	14	of	of	ADP
fbem-2306	113	15	enterprise	enterprise	NOUN
fbem-2306	113	16	capital	capital	NOUN
fbem-2306	113	17	,	,	PUNCT
fbem-2306	113	18	the	the	DET
fbem-2306	113	19	relative	relative	ADJ
fbem-2306	113	20	reduction	reduction	NOUN
fbem-2306	113	21	of	of	ADP
fbem-2306	113	22	bankruptcy	bankruptcy	NOUN
fbem-2306	113	23	risk	risk	NOUN
fbem-2306	113	24	,	,	PUNCT
fbem-2306	113	25	and	and	CCONJ
fbem-2306	113	26	the	the	DET
fbem-2306	113	27	improvement	improvement	NOUN
fbem-2306	113	28	of	of	ADP
fbem-2306	113	29	debt	debt	NOUN
fbem-2306	113	30	-	-	PUNCT
fbem-2306	113	31	paying	pay	VERB
fbem-2306	113	32	ability	ability	NOUN
fbem-2306	113	33	.	.	PUNCT
fbem-2306	114	1	after	after	ADP
fbem-2306	114	2	the	the	DET
fbem-2306	114	3	merger	merger	NOUN
fbem-2306	114	4	,	,	PUNCT
fbem-2306	114	5	the	the	DET
fbem-2306	114	6	internal	internal	ADJ
fbem-2306	114	7	debt	debt	NOUN
fbem-2306	114	8	affordability	affordability	NOUN
fbem-2306	114	9	of	of	ADP
fbem-2306	114	10	the	the	DET
fbem-2306	114	11	enterprise	enterprise	NOUN
fbem-2306	114	12	will	will	AUX
fbem-2306	114	13	be	be	AUX
fbem-2306	114	14	transferred	transfer	VERB
fbem-2306	114	15	from	from	ADP
fbem-2306	114	16	one	one	NUM
fbem-2306	114	17	enterprise	enterprise	NOUN
fbem-2306	114	18	to	to	ADP
fbem-2306	114	19	another	another	PRON
fbem-2306	114	20	,	,	PUNCT
fbem-2306	114	21	so	so	SCONJ
fbem-2306	114	22	that	that	SCONJ
fbem-2306	114	23	the	the	DET
fbem-2306	114	24	debt	debt	NOUN
fbem-2306	114	25	capacity	capacity	NOUN
fbem-2306	114	26	of	of	ADP
fbem-2306	114	27	the	the	DET
fbem-2306	114	28	enterprise	enterprise	NOUN
fbem-2306	114	29	with	with	ADP
fbem-2306	114	30	high	high	ADJ
fbem-2306	114	31	solvency	solvency	NOUN
fbem-2306	114	32	will	will	AUX
fbem-2306	114	33	be	be	AUX
fbem-2306	114	34	transferred	transfer	VERB
fbem-2306	114	35	to	to	ADP
fbem-2306	114	36	the	the	DET
fbem-2306	114	37	enterprise	enterprise	NOUN
fbem-2306	114	38	with	with	ADP
fbem-2306	114	39	low	low	ADJ
fbem-2306	114	40	solvency	solvency	NOUN
fbem-2306	114	41	,	,	PUNCT
fbem-2306	114	42	which	which	PRON
fbem-2306	114	43	solves	solve	VERB
fbem-2306	114	44	the	the	DET
fbem-2306	114	45	debt	debt	NOUN
fbem-2306	114	46	solvency	solvency	NOUN
fbem-2306	114	47	problem	problem	NOUN
fbem-2306	114	48	.	.	PUNCT
fbem-2306	115	1	4.3.1	4.3.1	X
fbem-2306	115	2	.	.	PUNCT
fbem-2306	116	1	debt	debt	NOUN
fbem-2306	116	2	-	-	PUNCT
fbem-2306	116	3	paying	pay	VERB
fbem-2306	116	4	ability	ability	NOUN
fbem-2306	116	5	the	the	DET
fbem-2306	116	6	current	current	ADJ
fbem-2306	116	7	ratio	ratio	NOUN
fbem-2306	116	8	and	and	CCONJ
fbem-2306	116	9	quick	quick	ADJ
fbem-2306	116	10	ratio	ratio	NOUN
fbem-2306	116	11	is	be	AUX
fbem-2306	116	12	an	an	DET
fbem-2306	116	13	important	important	ADJ
fbem-2306	116	14	index	index	NOUN
fbem-2306	116	15	reflecting	reflect	VERB
fbem-2306	116	16	the	the	DET
fbem-2306	116	17	enterprise	enterprise	NOUN
fbem-2306	116	18	’s	’s	PART
fbem-2306	116	19	short	short	ADJ
fbem-2306	116	20	-	-	PUNCT
fbem-2306	116	21	term	term	NOUN
fbem-2306	116	22	debt	debt	NOUN
fbem-2306	116	23	-	-	PUNCT
fbem-2306	116	24	paying	pay	VERB
fbem-2306	116	25	ability	ability	NOUN
fbem-2306	116	26	,	,	PUNCT
fbem-2306	116	27	liquidity	liquidity	NOUN
fbem-2306	116	28	ratio	ratio	NOUN
fbem-2306	116	29	and	and	CCONJ
fbem-2306	116	30	quick	quick	ADJ
fbem-2306	116	31	ratio	ratio	NOUN
fbem-2306	116	32	is	be	AUX
fbem-2306	116	33	generally	generally	ADV
fbem-2306	116	34	best	well	ADV
fbem-2306	116	35	kept	keep	VERB
fbem-2306	116	36	in	in	ADP
fbem-2306	116	37	2	2	NUM
fbem-2306	116	38	,	,	PUNCT
fbem-2306	116	39	and	and	CCONJ
fbem-2306	116	40	1	1	NUM
fbem-2306	116	41	case	case	NOUN
fbem-2306	116	42	,	,	PUNCT
fbem-2306	116	43	from	from	ADP
fbem-2306	116	44	below	below	ADP
fbem-2306	116	45	the	the	DET
fbem-2306	116	46	current	current	ADJ
fbem-2306	116	47	ratio	ratio	NOUN
fbem-2306	116	48	and	and	CCONJ
fbem-2306	116	49	quick	quick	ADJ
fbem-2306	116	50	ratio	ratio	NOUN
fbem-2306	116	51	can	can	AUX
fbem-2306	116	52	be	be	AUX
fbem-2306	116	53	found	find	VERB
fbem-2306	116	54	that	that	SCONJ
fbem-2306	116	55	after	after	ADP
fbem-2306	116	56	completion	completion	NOUN
fbem-2306	116	57	of	of	ADP
fbem-2306	116	58	the	the	DET
fbem-2306	116	59	merger	merger	NOUN
fbem-2306	116	60	,	,	PUNCT
fbem-2306	116	61	the	the	DET
fbem-2306	116	62	two	two	NUM
fbem-2306	116	63	indicators	indicator	NOUN
fbem-2306	116	64	is	be	AUX
fbem-2306	116	65	much	much	ADV
fbem-2306	116	66	higher	high	ADJ
fbem-2306	116	67	than	than	SCONJ
fbem-2306	116	68	before	before	SCONJ
fbem-2306	116	69	the	the	DET
fbem-2306	116	70	merger	merger	NOUN
fbem-2306	116	71	presents	present	VERB
fbem-2306	116	72	obvious	obvious	ADJ
fbem-2306	116	73	rising	rise	VERB
fbem-2306	116	74	trend	trend	NOUN
fbem-2306	116	75	.	.	PUNCT
fbem-2306	117	1	among	among	ADP
fbem-2306	117	2	them	they	PRON
fbem-2306	117	3	,	,	PUNCT
fbem-2306	117	4	the	the	DET
fbem-2306	117	5	quick	quick	ADJ
fbem-2306	117	6	ratio	ratio	NOUN
fbem-2306	117	7	reaches	reach	VERB
fbem-2306	117	8	the	the	DET
fbem-2306	117	9	best	good	ADJ
fbem-2306	117	10	ratio	ratio	NOUN
fbem-2306	117	11	level	level	NOUN
fbem-2306	117	12	,	,	PUNCT
fbem-2306	117	13	while	while	SCONJ
fbem-2306	117	14	the	the	DET
fbem-2306	117	15	current	current	ADJ
fbem-2306	117	16	ratio	ratio	NOUN
fbem-2306	117	17	is	be	AUX
fbem-2306	117	18	lower	low	ADJ
fbem-2306	117	19	than	than	ADP
fbem-2306	117	20	2	2	NUM
fbem-2306	117	21	.	.	PUNCT
fbem-2306	118	1	however	however	ADV
fbem-2306	118	2	,	,	PUNCT
fbem-2306	118	3	compared	compare	VERB
fbem-2306	118	4	with	with	ADP
fbem-2306	118	5	before	before	ADP
fbem-2306	118	6	the	the	DET
fbem-2306	118	7	merger	merger	NOUN
fbem-2306	118	8	,	,	PUNCT
fbem-2306	118	9	its	its	PRON
fbem-2306	118	10	solvency	solvency	NOUN
fbem-2306	118	11	has	have	AUX
fbem-2306	118	12	significantly	significantly	ADV
fbem-2306	118	13	improved	improve	VERB
fbem-2306	118	14	.	.	PUNCT
fbem-2306	119	1	from	from	ADP
fbem-2306	119	2	the	the	DET
fbem-2306	119	3	aspect	aspect	NOUN
fbem-2306	119	4	of	of	ADP
fbem-2306	119	5	the	the	DET
fbem-2306	119	6	debt	debt	NOUN
fbem-2306	119	7	-	-	PUNCT
fbem-2306	119	8	paying	pay	VERB
fbem-2306	119	9	ability	ability	NOUN
fbem-2306	119	10	,	,	PUNCT
fbem-2306	119	11	it	it	PRON
fbem-2306	119	12	can	can	AUX
fbem-2306	119	13	be	be	AUX
fbem-2306	119	14	seen	see	VERB
fbem-2306	119	15	that	that	SCONJ
fbem-2306	119	16	the	the	DET
fbem-2306	119	17	merger	merger	NOUN
fbem-2306	119	18	and	and	CCONJ
fbem-2306	119	19	acquisition	acquisition	NOUN
fbem-2306	119	20	,	,	PUNCT
fbem-2306	119	21	of	of	ADP
fbem-2306	119	22	wentai	wentai	PROPN
fbem-2306	119	23	technology	technology	NOUN
fbem-2306	119	24	,	,	PUNCT
fbem-2306	119	25	has	have	AUX
fbem-2306	119	26	obtained	obtain	VERB
fbem-2306	119	27	relatively	relatively	ADV
fbem-2306	119	28	significant	significant	ADJ
fbem-2306	119	29	financial	financial	ADJ
fbem-2306	119	30	synergies	synergy	NOUN
fbem-2306	119	31	.	.	PUNCT
fbem-2306	120	1	table	table	NOUN
fbem-2306	120	2	5	5	NUM
fbem-2306	120	3	.	.	PUNCT
fbem-2306	121	1	solvency	solvency	NOUN
fbem-2306	121	2	indicators	indicator	NOUN
fbem-2306	121	3	of	of	ADP
fbem-2306	121	4	wentai	wentai	PROPN
fbem-2306	121	5	technology	technology	NOUN
fbem-2306	121	6	group	group	NOUN
fbem-2306	121	7	from	from	ADP
fbem-2306	121	8	2017	2017	NUM
fbem-2306	121	9	to	to	ADP
fbem-2306	121	10	20213	20213	NUM
fbem-2306	121	11	figure	figure	NOUN
fbem-2306	121	12	5	5	NUM
fbem-2306	121	13	.	.	PUNCT
fbem-2306	121	14	trend	trend	NOUN
fbem-2306	121	15	of	of	ADP
fbem-2306	121	16	solvency	solvency	NOUN
fbem-2306	121	17	indicators	indicator	NOUN
fbem-2306	121	18	of	of	ADP
fbem-2306	121	19	wentai	wentai	PROPN
fbem-2306	121	20	technology	technology	NOUN
fbem-2306	121	21	group	group	NOUN
fbem-2306	121	22	from	from	ADP
fbem-2306	121	23	2017	2017	NUM
fbem-2306	121	24	to	to	ADP
fbem-2306	121	25	2021	2021	NUM
fbem-2306	121	26	167	167	NUM
fbem-2306	121	27	5	5	NUM
fbem-2306	121	28	.	.	PUNCT
fbem-2306	122	1	the	the	DET
fbem-2306	122	2	research	research	NOUN
fbem-2306	122	3	conclusion	conclusion	NOUN
fbem-2306	122	4	this	this	DET
fbem-2306	122	5	paper	paper	NOUN
fbem-2306	122	6	analyzes	analyze	VERB
fbem-2306	122	7	the	the	DET
fbem-2306	122	8	merger	merger	NOUN
fbem-2306	122	9	motivation	motivation	NOUN
fbem-2306	122	10	and	and	CCONJ
fbem-2306	122	11	synergistic	synergistic	ADJ
fbem-2306	122	12	effect	effect	NOUN
fbem-2306	122	13	of	of	ADP
fbem-2306	122	14	the	the	DET
fbem-2306	122	15	merger	merger	NOUN
fbem-2306	122	16	case	case	NOUN
fbem-2306	122	17	of	of	ADP
fbem-2306	122	18	wentai	wentai	PROPN
fbem-2306	122	19	technology	technology	NOUN
fbem-2306	122	20	,	,	PUNCT
fbem-2306	122	21	so	so	SCONJ
fbem-2306	122	22	as	as	SCONJ
fbem-2306	122	23	to	to	PART
fbem-2306	122	24	provide	provide	VERB
fbem-2306	122	25	a	a	DET
fbem-2306	122	26	relevant	relevant	ADJ
fbem-2306	122	27	reference	reference	NOUN
fbem-2306	122	28	for	for	ADP
fbem-2306	122	29	future	future	ADJ
fbem-2306	122	30	mergers	merger	NOUN
fbem-2306	122	31	and	and	CCONJ
fbem-2306	122	32	acquisitions	acquisition	NOUN
fbem-2306	122	33	in	in	ADP
fbem-2306	122	34	the	the	DET
fbem-2306	122	35	semiconductor	semiconductor	NOUN
fbem-2306	122	36	industry	industry	NOUN
fbem-2306	122	37	.	.	PUNCT
fbem-2306	123	1	the	the	DET
fbem-2306	123	2	following	follow	VERB
fbem-2306	123	3	conclusions	conclusion	NOUN
fbem-2306	123	4	are	be	AUX
fbem-2306	123	5	drawn	draw	VERB
fbem-2306	123	6	in	in	ADP
fbem-2306	123	7	this	this	DET
fbem-2306	123	8	case	case	NOUN
fbem-2306	123	9	study	study	NOUN
fbem-2306	123	10	,	,	PUNCT
fbem-2306	123	11	which	which	PRON
fbem-2306	123	12	is	be	AUX
fbem-2306	123	13	also	also	ADV
fbem-2306	123	14	the	the	DET
fbem-2306	123	15	points	point	NOUN
fbem-2306	123	16	that	that	PRON
fbem-2306	123	17	companies	company	NOUN
fbem-2306	123	18	in	in	ADP
fbem-2306	123	19	other	other	ADJ
fbem-2306	123	20	industries	industry	NOUN
fbem-2306	123	21	should	should	AUX
fbem-2306	123	22	pay	pay	VERB
fbem-2306	123	23	attention	attention	NOUN
fbem-2306	123	24	to	to	ADP
fbem-2306	123	25	when	when	SCONJ
fbem-2306	123	26	m&a	m&a	PROPN
fbem-2306	123	27	:	:	PUNCT
fbem-2306	123	28	first	first	ADV
fbem-2306	123	29	,	,	PUNCT
fbem-2306	123	30	do	do	VERB
fbem-2306	123	31	a	a	DET
fbem-2306	123	32	good	good	ADJ
fbem-2306	123	33	job	job	NOUN
fbem-2306	123	34	of	of	ADP
fbem-2306	123	35	strategic	strategic	ADJ
fbem-2306	123	36	planning	planning	NOUN
fbem-2306	123	37	before	before	ADP
fbem-2306	123	38	m&a	m&a	PROPN
fbem-2306	123	39	and	and	CCONJ
fbem-2306	123	40	select	select	VERB
fbem-2306	123	41	the	the	DET
fbem-2306	123	42	appropriate	appropriate	ADJ
fbem-2306	123	43	target	target	NOUN
fbem-2306	123	44	enterprises	enterprise	NOUN
fbem-2306	123	45	.	.	PUNCT
fbem-2306	124	1	if	if	SCONJ
fbem-2306	124	2	sufficient	sufficient	ADJ
fbem-2306	124	3	planning	planning	NOUN
fbem-2306	124	4	is	be	AUX
fbem-2306	124	5	not	not	PART
fbem-2306	124	6	done	do	VERB
fbem-2306	124	7	before	before	ADP
fbem-2306	124	8	the	the	DET
fbem-2306	124	9	merger	merger	NOUN
fbem-2306	124	10	,	,	PUNCT
fbem-2306	124	11	it	it	PRON
fbem-2306	124	12	is	be	AUX
fbem-2306	124	13	easy	easy	ADJ
fbem-2306	124	14	to	to	PART
fbem-2306	124	15	cause	cause	VERB
fbem-2306	124	16	the	the	DET
fbem-2306	124	17	enterprise	enterprise	NOUN
fbem-2306	124	18	to	to	PART
fbem-2306	124	19	overestimate	overestimate	VERB
fbem-2306	124	20	the	the	DET
fbem-2306	124	21	attractiveness	attractiveness	NOUN
fbem-2306	124	22	and	and	CCONJ
fbem-2306	124	23	control	control	NOUN
fbem-2306	124	24	of	of	ADP
fbem-2306	124	25	the	the	DET
fbem-2306	124	26	target	target	NOUN
fbem-2306	124	27	enterprise	enterprise	NOUN
fbem-2306	124	28	,	,	PUNCT
fbem-2306	124	29	which	which	PRON
fbem-2306	124	30	not	not	PART
fbem-2306	124	31	only	only	ADV
fbem-2306	124	32	makes	make	VERB
fbem-2306	124	33	it	it	PRON
fbem-2306	124	34	difficult	difficult	ADJ
fbem-2306	124	35	to	to	PART
fbem-2306	124	36	achieve	achieve	VERB
fbem-2306	124	37	the	the	DET
fbem-2306	124	38	strategic	strategic	ADJ
fbem-2306	124	39	goal	goal	NOUN
fbem-2306	124	40	but	but	CCONJ
fbem-2306	124	41	also	also	ADV
fbem-2306	124	42	increases	increase	VERB
fbem-2306	124	43	the	the	DET
fbem-2306	124	44	exit	exit	NOUN
fbem-2306	124	45	cost	cost	NOUN
fbem-2306	124	46	in	in	ADP
fbem-2306	124	47	the	the	DET
fbem-2306	124	48	market	market	NOUN
fbem-2306	124	49	;	;	PUNCT
fbem-2306	124	50	the	the	DET
fbem-2306	124	51	second	second	NOUN
fbem-2306	124	52	is	be	AUX
fbem-2306	124	53	to	to	PART
fbem-2306	124	54	realize	realize	VERB
fbem-2306	124	55	the	the	DET
fbem-2306	124	56	integration	integration	NOUN
fbem-2306	124	57	of	of	ADP
fbem-2306	124	58	resources	resource	NOUN
fbem-2306	124	59	as	as	ADV
fbem-2306	124	60	soon	soon	ADV
fbem-2306	124	61	as	as	ADP
fbem-2306	124	62	possible	possible	ADJ
fbem-2306	124	63	after	after	ADP
fbem-2306	124	64	the	the	DET
fbem-2306	124	65	merger	merger	NOUN
fbem-2306	124	66	,	,	PUNCT
fbem-2306	124	67	so	so	SCONJ
fbem-2306	124	68	as	as	SCONJ
fbem-2306	124	69	to	to	PART
fbem-2306	124	70	obtain	obtain	VERB
fbem-2306	124	71	the	the	DET
fbem-2306	124	72	synergistic	synergistic	ADJ
fbem-2306	124	73	effect	effect	NOUN
fbem-2306	124	74	of	of	ADP
fbem-2306	124	75	merger	merger	NOUN
fbem-2306	124	76	and	and	CCONJ
fbem-2306	124	77	acquisition	acquisition	NOUN
fbem-2306	124	78	.	.	PUNCT
fbem-2306	125	1	through	through	ADP
fbem-2306	125	2	integration	integration	NOUN
fbem-2306	125	3	,	,	PUNCT
fbem-2306	125	4	advantages	advantage	NOUN
fbem-2306	125	5	complementation	complementation	NOUN
fbem-2306	125	6	,	,	PUNCT
fbem-2306	125	7	customer	customer	NOUN
fbem-2306	125	8	sharing	sharing	NOUN
fbem-2306	125	9	,	,	PUNCT
fbem-2306	125	10	and	and	CCONJ
fbem-2306	125	11	resource	resource	NOUN
fbem-2306	125	12	communication	communication	NOUN
fbem-2306	125	13	can	can	AUX
fbem-2306	125	14	be	be	AUX
fbem-2306	125	15	realized	realize	VERB
fbem-2306	125	16	,	,	PUNCT
fbem-2306	125	17	which	which	PRON
fbem-2306	125	18	improves	improve	VERB
fbem-2306	125	19	the	the	DET
fbem-2306	125	20	core	core	NOUN
fbem-2306	125	21	competitiveness	competitiveness	NOUN
fbem-2306	125	22	of	of	ADP
fbem-2306	125	23	the	the	DET
fbem-2306	125	24	whole	whole	ADJ
fbem-2306	125	25	company	company	NOUN
fbem-2306	125	26	.	.	PUNCT
fbem-2306	126	1	if	if	SCONJ
fbem-2306	126	2	the	the	DET
fbem-2306	126	3	integration	integration	NOUN
fbem-2306	126	4	is	be	AUX
fbem-2306	126	5	not	not	PART
fbem-2306	126	6	timely	timely	ADJ
fbem-2306	126	7	or	or	CCONJ
fbem-2306	126	8	even	even	ADV
fbem-2306	126	9	fails	fail	VERB
fbem-2306	126	10	,	,	PUNCT
fbem-2306	126	11	the	the	DET
fbem-2306	126	12	market	market	NOUN
fbem-2306	126	13	opportunity	opportunity	NOUN
fbem-2306	126	14	will	will	AUX
fbem-2306	126	15	be	be	AUX
fbem-2306	126	16	lost	lose	VERB
fbem-2306	126	17	and	and	CCONJ
fbem-2306	126	18	the	the	DET
fbem-2306	126	19	whole	whole	ADJ
fbem-2306	126	20	merger	merger	NOUN
fbem-2306	126	21	and	and	CCONJ
fbem-2306	126	22	acquisition	acquisition	NOUN
fbem-2306	126	23	will	will	AUX
fbem-2306	126	24	lose	lose	VERB
fbem-2306	126	25	significance	significance	NOUN
fbem-2306	126	26	.	.	PUNCT
fbem-2306	127	1	third	third	ADJ
fbem-2306	127	2	,	,	PUNCT
fbem-2306	127	3	we	we	PRON
fbem-2306	127	4	should	should	AUX
fbem-2306	127	5	actively	actively	ADV
fbem-2306	127	6	participate	participate	VERB
fbem-2306	127	7	in	in	ADP
fbem-2306	127	8	the	the	DET
fbem-2306	127	9	external	external	ADJ
fbem-2306	127	10	market	market	NOUN
fbem-2306	127	11	trend	trend	NOUN
fbem-2306	127	12	and	and	CCONJ
fbem-2306	127	13	give	give	VERB
fbem-2306	127	14	play	play	NOUN
fbem-2306	127	15	to	to	ADP
fbem-2306	127	16	our	our	PRON
fbem-2306	127	17	policy	policy	NOUN
fbem-2306	127	18	advantages	advantage	NOUN
fbem-2306	127	19	.	.	PUNCT
fbem-2306	128	1	although	although	SCONJ
fbem-2306	128	2	m&a	m&a	PROPN
fbem-2306	128	3	is	be	AUX
fbem-2306	128	4	a	a	DET
fbem-2306	128	5	common	common	ADJ
fbem-2306	128	6	means	mean	NOUN
fbem-2306	128	7	for	for	SCONJ
fbem-2306	128	8	enterprises	enterprise	NOUN
fbem-2306	128	9	to	to	PART
fbem-2306	128	10	optimize	optimize	VERB
fbem-2306	128	11	the	the	DET
fbem-2306	128	12	allocation	allocation	NOUN
fbem-2306	128	13	of	of	ADP
fbem-2306	128	14	resources	resource	NOUN
fbem-2306	128	15	,	,	PUNCT
fbem-2306	128	16	it	it	PRON
fbem-2306	128	17	should	should	AUX
fbem-2306	128	18	not	not	PART
fbem-2306	128	19	blindly	blindly	ADV
fbem-2306	128	20	follow	follow	VERB
fbem-2306	128	21	the	the	DET
fbem-2306	128	22	trend	trend	NOUN
fbem-2306	128	23	.	.	PUNCT
fbem-2306	129	1	it	it	PRON
fbem-2306	129	2	should	should	AUX
fbem-2306	129	3	always	always	ADV
fbem-2306	129	4	pay	pay	VERB
fbem-2306	129	5	attention	attention	NOUN
fbem-2306	129	6	to	to	ADP
fbem-2306	129	7	market	market	NOUN
fbem-2306	129	8	changes	change	NOUN
fbem-2306	129	9	,	,	PUNCT
fbem-2306	129	10	especially	especially	ADV
fbem-2306	129	11	the	the	DET
fbem-2306	129	12	general	general	ADJ
fbem-2306	129	13	trend	trend	NOUN
fbem-2306	129	14	guided	guide	VERB
fbem-2306	129	15	by	by	ADP
fbem-2306	129	16	national	national	ADJ
fbem-2306	129	17	policies	policy	NOUN
fbem-2306	129	18	.	.	PUNCT
fbem-2306	130	1	while	while	SCONJ
fbem-2306	130	2	enjoying	enjoy	VERB
fbem-2306	130	3	preferential	preferential	ADJ
fbem-2306	130	4	policies	policy	NOUN
fbem-2306	130	5	,	,	PUNCT
fbem-2306	130	6	it	it	PRON
fbem-2306	130	7	can	can	AUX
fbem-2306	130	8	predict	predict	VERB
fbem-2306	130	9	the	the	DET
fbem-2306	130	10	market	market	NOUN
fbem-2306	130	11	layout	layout	NOUN
fbem-2306	130	12	in	in	ADP
fbem-2306	130	13	advance	advance	NOUN
fbem-2306	130	14	to	to	PART
fbem-2306	130	15	seize	seize	VERB
fbem-2306	130	16	the	the	DET
fbem-2306	130	17	market	market	NOUN
fbem-2306	130	18	share	share	NOUN
fbem-2306	130	19	in	in	ADP
fbem-2306	130	20	new	new	ADJ
fbem-2306	130	21	fields	field	NOUN
fbem-2306	130	22	.	.	PUNCT
fbem-2306	131	1	acknowledgment	acknowledgment	NOUN
fbem-2306	131	2	fund	fund	NOUN
fbem-2306	131	3	project	project	NOUN
fbem-2306	131	4	supported	support	VERB
fbem-2306	131	5	by	by	ADP
fbem-2306	131	6	talent	talent	NOUN
fbem-2306	131	7	introduction	introduction	NOUN
fbem-2306	131	8	project	project	NOUN
fbem-2306	131	9	of	of	ADP
fbem-2306	131	10	sichuan	sichuan	PROPN
fbem-2306	131	11	light	light	PROPN
fbem-2306	131	12	chemical	chemical	PROPN
fbem-2306	131	13	university	university	PROPN
fbem-2306	131	14	(	(	PUNCT
fbem-2306	131	15	2017rcsk22	2017rcsk22	NUM
fbem-2306	131	16	)	)	PUNCT
fbem-2306	131	17	.	.	PUNCT
fbem-2306	132	1	references	reference	NOUN
fbem-2306	133	1	[	[	X
fbem-2306	133	2	1	1	NUM
fbem-2306	133	3	]	]	PUNCT
fbem-2306	133	4	jiang	jiang	PROPN
fbem-2306	133	5	nan	nan	PROPN
fbem-2306	133	6	.	.	PUNCT
fbem-2306	134	1	research	research	NOUN
fbem-2306	134	2	on	on	ADP
fbem-2306	134	3	synergies	synergy	NOUN
fbem-2306	134	4	of	of	ADP
fbem-2306	134	5	horizontal	horizontal	ADJ
fbem-2306	134	6	mergers	merger	NOUN
fbem-2306	134	7	and	and	CCONJ
fbem-2306	134	8	acquisitions	acquisition	NOUN
fbem-2306	134	9	based	base	VERB
fbem-2306	134	10	on	on	ADP
fbem-2306	134	11	financial	financial	ADJ
fbem-2306	134	12	perspective	perspective	NOUN
fbem-2306	134	13	:	:	PUNCT
fbem-2306	134	14	a	a	DET
fbem-2306	134	15	case	case	NOUN
fbem-2306	134	16	study	study	NOUN
fbem-2306	134	17	of	of	ADP
fbem-2306	134	18	youku	youku	PROPN
fbem-2306	134	19	's	's	PART
fbem-2306	134	20	merger	merger	NOUN
fbem-2306	134	21	with	with	ADP
fbem-2306	134	22	tudou	tudou	NOUN
fbem-2306	135	1	[	[	X
fbem-2306	136	1	j	j	X
fbem-2306	136	2	]	]	X
fbem-2306	136	3	.	.	PUNCT
fbem-2306	137	1	china	china	PROPN
fbem-2306	137	2	certified	certify	VERB
fbem-2306	137	3	public	public	ADJ
fbem-2306	137	4	accountants	accountant	NOUN
fbem-2306	137	5	,	,	PUNCT
fbem-2306	137	6	2014(4	2014(4	NUM
fbem-2306	137	7	):	):	PUNCT
fbem-2306	137	8	113	113	NUM
fbem-2306	137	9	-	-	SYM
fbem-2306	137	10	118	118	NUM
fbem-2306	137	11	.	.	PUNCT
fbem-2306	138	1	[	[	X
fbem-2306	138	2	2	2	X
fbem-2306	138	3	]	]	X
fbem-2306	138	4	wang	wang	PROPN
fbem-2306	138	5	xiuli	xiuli	PROPN
fbem-2306	138	6	,	,	PUNCT
fbem-2306	138	7	liu	liu	PROPN
fbem-2306	138	8	zijian	zijian	PROPN
fbem-2306	138	9	.	.	PUNCT
fbem-2306	139	1	research	research	NOUN
fbem-2306	139	2	on	on	ADP
fbem-2306	139	3	strategic	strategic	ADJ
fbem-2306	139	4	merger	merger	NOUN
fbem-2306	139	5	and	and	CCONJ
fbem-2306	139	6	acquisition	acquisition	NOUN
fbem-2306	139	7	and	and	CCONJ
fbem-2306	139	8	financial	financial	ADJ
fbem-2306	139	9	synergies	synergy	NOUN
fbem-2306	139	10	of	of	ADP
fbem-2306	139	11	internet	internet	NOUN
fbem-2306	139	12	enterprises	enterprise	NOUN
fbem-2306	139	13	-	-	PUNCT
fbem-2306	139	14	based	base	VERB
fbem-2306	139	15	on	on	ADP
fbem-2306	139	16	a	a	DET
fbem-2306	139	17	case	case	NOUN
fbem-2306	139	18	study	study	NOUN
fbem-2306	139	19	of	of	ADP
fbem-2306	139	20	baidu	baidu	PROPN
fbem-2306	139	21	's	's	PART
fbem-2306	139	22	merger	merger	NOUN
fbem-2306	139	23	and	and	CCONJ
fbem-2306	139	24	acquisition	acquisition	NOUN
fbem-2306	139	25	of	of	ADP
fbem-2306	139	26	qunar	qunar	PROPN
fbem-2306	139	27	[	[	X
fbem-2306	139	28	j	j	X
fbem-2306	139	29	]	]	X
fbem-2306	139	30	.	.	PUNCT
fbem-2306	140	1	journal	journal	PROPN
fbem-2306	140	2	of	of	ADP
fbem-2306	140	3	beijing	beijing	PROPN
fbem-2306	140	4	technology	technology	PROPN
fbem-2306	140	5	and	and	CCONJ
fbem-2306	140	6	business	business	NOUN
fbem-2306	140	7	university	university	NOUN
fbem-2306	140	8	:	:	PUNCT
fbem-2306	140	9	social	social	ADJ
fbem-2306	140	10	science	science	NOUN
fbem-2306	140	11	edition	edition	NOUN
fbem-2306	140	12	,	,	PUNCT
fbem-2306	140	13	2014(6	2014(6	NUM
fbem-2306	140	14	):	):	PUNCT
fbem-2306	140	15	47	47	NUM
fbem-2306	140	16	-	-	SYM
fbem-2306	140	17	54	54	NUM
fbem-2306	140	18	.	.	PUNCT
fbem-2306	141	1	[	[	X
fbem-2306	141	2	3	3	NUM
fbem-2306	141	3	]	]	X
fbem-2306	141	4	liao	liao	PROPN
fbem-2306	141	5	xinxin	xinxin	PROPN
fbem-2306	141	6	,	,	PUNCT
fbem-2306	141	7	liu	liu	PROPN
fbem-2306	141	8	yunguo	yunguo	PROPN
fbem-2306	141	9	,	,	PUNCT
fbem-2306	141	10	lan	lan	PROPN
fbem-2306	141	11	hailin	hailin	PROPN
fbem-2306	141	12	.	.	PUNCT
fbem-2306	142	1	integration	integration	NOUN
fbem-2306	142	2	and	and	CCONJ
fbem-2306	142	3	synergistic	synergistic	ADJ
fbem-2306	142	4	effect	effect	NOUN
fbem-2306	142	5	of	of	ADP
fbem-2306	142	6	overseas	overseas	ADJ
fbem-2306	142	7	mergers	merger	NOUN
fbem-2306	142	8	and	and	CCONJ
fbem-2306	142	9	acquisitions	acquisition	NOUN
fbem-2306	142	10	of	of	ADP
fbem-2306	142	11	domestic	domestic	ADJ
fbem-2306	142	12	securities	security	NOUN
fbem-2306	142	13	company	company	NOUN
fbem-2306	142	14	groups	group	NOUN
fbem-2306	142	15	:	:	PUNCT
fbem-2306	142	16	a	a	DET
fbem-2306	142	17	case	case	NOUN
fbem-2306	142	18	study	study	NOUN
fbem-2306	142	19	of	of	ADP
fbem-2306	142	20	haitong	haitong	PROPN
fbem-2306	142	21	securities	security	NOUN
fbem-2306	142	22	'	'	PART
fbem-2306	142	23	merger	merger	NOUN
fbem-2306	142	24	and	and	CCONJ
fbem-2306	142	25	integration	integration	NOUN
fbem-2306	142	26	with	with	ADP
fbem-2306	142	27	haitong	haitong	PROPN
fbem-2306	142	28	bank	bank	PROPN
fbem-2306	143	1	[	[	X
fbem-2306	143	2	j	j	X
fbem-2306	143	3	]	]	X
fbem-2306	143	4	.	.	PUNCT
fbem-2306	144	1	management	management	NOUN
fbem-2306	144	2	modernization	modernization	NOUN
fbem-2306	144	3	,	,	PUNCT
fbem-2306	144	4	2019(1	2019(1	NUM
fbem-2306	144	5	):	):	PUNCT
fbem-2306	144	6	51	51	NUM
fbem-2306	144	7	-	-	SYM
fbem-2306	144	8	57	57	NUM
fbem-2306	144	9	.	.	PUNCT
fbem-2306	144	10	]	]	PUNCT
fbem-2306	145	1	[	[	X
fbem-2306	145	2	4	4	NUM
fbem-2306	145	3	]	]	X
fbem-2306	145	4	ying	ying	PROPN
fbem-2306	145	5	xiang	xiang	PROPN
fbem-2306	145	6	,	,	PUNCT
fbem-2306	145	7	pan	pan	PROPN
fbem-2306	145	8	yaqiong	yaqiong	PROPN
fbem-2306	145	9	.	.	PUNCT
fbem-2306	146	1	research	research	NOUN
fbem-2306	146	2	on	on	ADP
fbem-2306	146	3	financial	financial	ADJ
fbem-2306	146	4	synergies	synergy	NOUN
fbem-2306	146	5	of	of	ADP
fbem-2306	146	6	enterprise	enterprise	NOUN
fbem-2306	146	7	mergers	merger	NOUN
fbem-2306	146	8	and	and	CCONJ
fbem-2306	146	9	acquisitions	acquisition	NOUN
fbem-2306	146	10	from	from	ADP
fbem-2306	146	11	the	the	DET
fbem-2306	146	12	perspective	perspective	NOUN
fbem-2306	146	13	of	of	ADP
fbem-2306	146	14	internet	internet	NOUN
fbem-2306	146	15	ecology	ecology	NOUN
fbem-2306	146	16	:	:	PUNCT
fbem-2306	146	17	based	base	VERB
fbem-2306	146	18	on	on	ADP
fbem-2306	146	19	the	the	DET
fbem-2306	146	20	case	case	NOUN
fbem-2306	146	21	of	of	ADP
fbem-2306	146	22	alibaba	alibaba	PROPN
fbem-2306	146	23	's	's	PART
fbem-2306	146	24	acquisition	acquisition	NOUN
fbem-2306	146	25	of	of	ADP
fbem-2306	146	26	ele	ele	PROPN
fbem-2306	146	27	.	.	PUNCT
fbem-2306	147	1	me	i	PRON
fbem-2306	148	1	[	[	X
fbem-2306	148	2	j	j	X
fbem-2306	148	3	]	]	X
fbem-2306	148	4	.	.	PUNCT
fbem-2306	149	1	finance	finance	NOUN
fbem-2306	149	2	and	and	CCONJ
fbem-2306	149	3	accounting	accounting	NOUN
fbem-2306	149	4	communications	communication	NOUN
fbem-2306	149	5	,	,	PUNCT
fbem-2306	149	6	2021	2021	NUM
fbem-2306	149	7	(	(	PUNCT
fbem-2306	149	8	2	2	NUM
fbem-2306	149	9	):	):	PUNCT
fbem-2306	149	10	105	105	NUM
fbem-2306	149	11	-	-	SYM
fbem-2306	149	12	109	109	NUM
fbem-2306	149	13	.	.	PUNCT
fbem-2306	149	14	]	]	PUNCT
fbem-2306	150	1	[	[	X
fbem-2306	150	2	5	5	X
fbem-2306	150	3	]	]	PUNCT
fbem-2306	150	4	he	he	PRON
fbem-2306	150	5	luling	luling	PROPN
fbem-2306	150	6	.	.	PUNCT
fbem-2306	151	1	financial	financial	ADJ
fbem-2306	151	2	analysis	analysis	NOUN
fbem-2306	151	3	of	of	ADP
fbem-2306	151	4	corporate	corporate	ADJ
fbem-2306	151	5	merger	merger	NOUN
fbem-2306	151	6	synergies	synergy	NOUN
fbem-2306	151	7	:	:	PUNCT
fbem-2306	151	8	based	base	VERB
fbem-2306	151	9	on	on	ADP
fbem-2306	151	10	a	a	DET
fbem-2306	151	11	case	case	NOUN
fbem-2306	151	12	study	study	NOUN
fbem-2306	151	13	of	of	ADP
fbem-2306	151	14	hanwei	hanwei	PROPN
fbem-2306	151	15	electronics	electronics	PROPN
fbem-2306	152	1	[	[	X
fbem-2306	152	2	j	j	X
fbem-2306	152	3	]	]	X
fbem-2306	152	4	.	.	PUNCT
fbem-2306	153	1	finance	finance	NOUN
fbem-2306	153	2	and	and	CCONJ
fbem-2306	153	3	accounting	accounting	NOUN
fbem-2306	153	4	bulletin	bulletin	NOUN
fbem-2306	153	5	,	,	PUNCT
fbem-2306	153	6	2018(4	2018(4	NUM
fbem-2306	153	7	):	):	PUNCT
fbem-2306	153	8	3	3	NUM
fbem-2306	153	9	-	-	SYM
fbem-2306	153	10	8	8	NUM
fbem-2306	153	11	.	.	PUNCT
fbem-2306	154	1	[	[	X
fbem-2306	154	2	6	6	NUM
fbem-2306	154	3	]	]	X
fbem-2306	154	4	huang	huang	PROPN
fbem-2306	154	5	hongbin	hongbin	PROPN
fbem-2306	154	6	,	,	PUNCT
fbem-2306	154	7	yao	yao	PROPN
fbem-2306	154	8	yu	yu	PROPN
fbem-2306	154	9	.	.	PUNCT
fbem-2306	154	10	analysis	analysis	NOUN
fbem-2306	154	11	of	of	ADP
fbem-2306	154	12	enterprise	enterprise	NOUN
fbem-2306	154	13	merger	merger	NOUN
fbem-2306	154	14	and	and	CCONJ
fbem-2306	154	15	acquisition	acquisition	NOUN
fbem-2306	154	16	based	base	VERB
fbem-2306	154	17	on	on	ADP
fbem-2306	154	18	market	market	NOUN
fbem-2306	154	19	value	value	NOUN
fbem-2306	154	20	management	management	NOUN
fbem-2306	154	21	:	:	PUNCT
fbem-2306	154	22	a	a	DET
fbem-2306	154	23	case	case	NOUN
fbem-2306	154	24	study	study	NOUN
fbem-2306	154	25	of	of	ADP
fbem-2306	154	26	geely	geely	PROPN
fbem-2306	154	27	auto	auto	NOUN
fbem-2306	154	28	's	's	PART
fbem-2306	154	29	merger	merger	NOUN
fbem-2306	154	30	and	and	CCONJ
fbem-2306	154	31	acquisition	acquisition	NOUN
fbem-2306	154	32	of	of	ADP
fbem-2306	154	33	volvo	volvo	PROPN
fbem-2306	155	1	[	[	X
fbem-2306	155	2	j	j	X
fbem-2306	155	3	]	]	X
fbem-2306	155	4	.	.	PUNCT
fbem-2306	156	1	friends	friend	NOUN
fbem-2306	156	2	of	of	ADP
fbem-2306	156	3	accounting	accounting	NOUN
fbem-2306	156	4	,	,	PUNCT
fbem-2306	156	5	2019(15	2019(15	NUM
fbem-2306	156	6	):	):	PUNCT
fbem-2306	156	7	93	93	NUM
fbem-2306	156	8	-	-	SYM
fbem-2306	156	9	101	101	NUM
fbem-2306	156	10	.	.	PUNCT
fbem-2306	156	11	]	]	X
fbem-2306	157	1	[	[	X
fbem-2306	157	2	7	7	X
fbem-2306	157	3	]	]	X
fbem-2306	157	4	zhang	zhang	PROPN
fbem-2306	157	5	jianru	jianru	PROPN
fbem-2306	157	6	,	,	PUNCT
fbem-2306	157	7	wang	wang	PROPN
fbem-2306	157	8	lu	lu	PROPN
fbem-2306	157	9	.	.	PUNCT
fbem-2306	158	1	financial	financial	ADJ
fbem-2306	158	2	integration	integration	NOUN
fbem-2306	158	3	and	and	CCONJ
fbem-2306	158	4	synergistic	synergistic	ADJ
fbem-2306	158	5	effect	effect	NOUN
fbem-2306	158	6	evaluation	evaluation	NOUN
fbem-2306	158	7	of	of	ADP
fbem-2306	158	8	enterprise	enterprise	NOUN
fbem-2306	158	9	mergers	merger	NOUN
fbem-2306	158	10	and	and	CCONJ
fbem-2306	158	11	acquisitions	acquisition	NOUN
fbem-2306	159	1	[	[	X
fbem-2306	159	2	j	j	X
fbem-2306	159	3	]	]	X
fbem-2306	159	4	.	.	PUNCT
fbem-2306	160	1	finance	finance	NOUN
fbem-2306	160	2	and	and	CCONJ
fbem-2306	160	3	accounting	accounting	NOUN
fbem-2306	160	4	communication	communication	NOUN
fbem-2306	160	5	,	,	PUNCT
fbem-2306	160	6	2015(2	2015(2	NUM
fbem-2306	160	7	):	):	PUNCT
fbem-2306	160	8	72	72	NUM
fbem-2306	160	9	-	-	SYM
fbem-2306	160	10	75	75	NUM
fbem-2306	160	11	.	.	PUNCT
fbem-2306	161	1	[	[	X
fbem-2306	161	2	8	8	NUM
fbem-2306	161	3	]	]	X
fbem-2306	161	4	li	li	PROPN
fbem-2306	161	5	dongdong	dongdong	PROPN
fbem-2306	161	6	,	,	PUNCT
fbem-2306	161	7	cheng	cheng	PROPN
fbem-2306	161	8	ming.[li	ming.[li	PROPN
fbem-2306	161	9	d	d	PROPN
fbem-2306	161	10	d	d	PROPN
fbem-2306	161	11	,	,	PUNCT
fbem-2306	161	12	cheng	cheng	PROPN
fbem-2306	161	13	m.	m.	PROPN
fbem-2306	161	14	analysis	analysis	NOUN
fbem-2306	161	15	of	of	ADP
fbem-2306	161	16	corporate	corporate	ADJ
fbem-2306	161	17	m&a	m&a	NOUN
fbem-2306	161	18	motivation	motivation	NOUN
fbem-2306	161	19	[	[	X
fbem-2306	161	20	j].journal	j].journal	NOUN
fbem-2306	161	21	of	of	ADP
fbem-2306	161	22	hubei	hubei	PROPN
fbem-2306	161	23	college	college	PROPN
fbem-2306	161	24	of	of	ADP
fbem-2306	161	25	finance	finance	NOUN
fbem-2306	161	26	and	and	CCONJ
fbem-2306	161	27	economics	economic	NOUN
fbem-2306	161	28	,	,	PUNCT
fbem-2306	161	29	2009(3	2009(3	NUM
fbem-2306	161	30	):	):	PUNCT
fbem-2306	161	31	33	33	NUM
fbem-2306	161	32	-	-	SYM
fbem-2306	161	33	36	36	NUM
fbem-2306	161	34	.	.	PUNCT
fbem-2306	162	1	[	[	X
fbem-2306	162	2	9	9	NUM
fbem-2306	162	3	]	]	X
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fbem-2306	162	5	kun	kun	PROPN
fbem-2306	162	6	.	.	PUNCT
fbem-2306	163	1	design	design	NOUN
fbem-2306	163	2	and	and	CCONJ
fbem-2306	163	3	implementation	implementation	NOUN
fbem-2306	163	4	of	of	ADP
fbem-2306	163	5	merger	merger	NOUN
fbem-2306	163	6	and	and	CCONJ
fbem-2306	163	7	acquisition	acquisition	NOUN
fbem-2306	163	8	scheme	scheme	NOUN
fbem-2306	163	9	of	of	ADP
fbem-2306	163	10	n	n	PRON
fbem-2306	163	11	cable	cable	NOUN
fbem-2306	163	12	tv	tv	NOUN
fbem-2306	163	13	network	network	NOUN
fbem-2306	163	14	group	group	NOUN
fbem-2306	164	1	[	[	X
fbem-2306	164	2	d	d	X
fbem-2306	164	3	]	]	X
fbem-2306	164	4	.	.	PUNCT
fbem-2306	165	1	jilin	jilin	PROPN
fbem-2306	165	2	university	university	PROPN
fbem-2306	165	3	,	,	PUNCT
fbem-2306	165	4	2013	2013	NUM
fbem-2306	165	5	.	.	PUNCT
fbem-2306	166	1	[	[	X
fbem-2306	166	2	10	10	NUM
fbem-2306	166	3	]	]	X
fbem-2306	166	4	shi	shi	PROPN
fbem-2306	166	5	you	you	PRON
fbem-2306	166	6	.	.	PUNCT
fbem-2306	167	1	research	research	NOUN
fbem-2306	167	2	on	on	ADP
fbem-2306	167	3	the	the	DET
fbem-2306	167	4	motivation	motivation	NOUN
fbem-2306	167	5	and	and	CCONJ
fbem-2306	167	6	performance	performance	NOUN
fbem-2306	167	7	of	of	ADP
fbem-2306	167	8	"	"	PUNCT
fbem-2306	167	9	snake	snake	NOUN
fbem-2306	167	10	swallowing	swallow	VERB
fbem-2306	167	11	elephant	elephant	NOUN
fbem-2306	167	12	"	"	PUNCT
fbem-2306	167	13	m&a	m&a	PROPN
fbem-2306	168	1	[	[	X
fbem-2306	168	2	d	d	X
fbem-2306	168	3	]	]	X
fbem-2306	168	4	.	.	PUNCT
fbem-2306	169	1	guangzhou	guangzhou	PROPN
fbem-2306	169	2	university	university	PROPN
fbem-2306	169	3	,	,	PUNCT
fbem-2306	169	4	2022	2022	NUM
fbem-2306	169	5	.	.	PUNCT
fbem-2306	170	1	[	[	X
fbem-2306	170	2	11	11	NUM
fbem-2306	170	3	]	]	PUNCT
fbem-2306	170	4	[	[	X
fbem-2306	170	5	zou	zou	X
fbem-2306	170	6	lu	lu	PROPN
fbem-2306	170	7	.	.	PUNCT
fbem-2306	171	1	analysis	analysis	NOUN
fbem-2306	171	2	of	of	ADP
fbem-2306	171	3	synergies	synergy	NOUN
fbem-2306	171	4	of	of	ADP
fbem-2306	171	5	mergers	merger	NOUN
fbem-2306	171	6	and	and	CCONJ
fbem-2306	171	7	acquisitions	acquisition	NOUN
fbem-2306	171	8	from	from	ADP
fbem-2306	171	9	the	the	DET
fbem-2306	171	10	perspective	perspective	NOUN
fbem-2306	171	11	of	of	ADP
fbem-2306	171	12	finance	finance	NOUN
fbem-2306	171	13	[	[	X
fbem-2306	171	14	j	j	X
fbem-2306	171	15	]	]	X
fbem-2306	171	16	.	.	PUNCT
fbem-2306	172	1	accountants	accountant	NOUN
fbem-2306	172	2	,	,	PUNCT
fbem-2306	172	3	2014(12	2014(12	NUM
fbem-2306	172	4	):	):	PUNCT
fbem-2306	172	5	3133	3133	NUM
fbem-2306	172	6	.	.	PUNCT
fbem-2306	172	7	]	]	X
fbem-2306	173	1	[	[	X
fbem-2306	173	2	12	12	NUM
fbem-2306	173	3	]	]	X
fbem-2306	173	4	journal	journal	NOUN
fbem-2306	173	5	of	of	ADP
fbem-2306	173	6	accounting	accounting	NOUN
fbem-2306	173	7	research	research	NOUN
fbem-2306	173	8	,	,	PUNCT
fbem-2306	173	9	2003(6	2003(6	NUM
fbem-2306	173	10	):	):	PUNCT
fbem-2306	173	11	44	44	NUM
fbem-2306	173	12	-	-	SYM
fbem-2306	173	13	47	47	NUM
fbem-2306	173	14	.	.	PUNCT
fbem-2306	174	1	zhang	zhang	PROPN
fbem-2306	174	2	qiusheng	qiusheng	PROPN
fbem-2306	174	3	,	,	PUNCT
fbem-2306	174	4	zhou	zhou	PROPN
fbem-2306	174	5	lin	lin	PROPN
fbem-2306	174	6	.	.	PUNCT
fbem-2306	175	1	research	research	NOUN
fbem-2306	175	2	and	and	CCONJ
fbem-2306	175	3	development	development	NOUN
fbem-2306	175	4	of	of	ADP
fbem-2306	175	5	synergy	synergy	NOUN
fbem-2306	175	6	effect	effect	NOUN
fbem-2306	175	7	of	of	ADP
fbem-2306	175	8	enterprise	enterprise	NOUN
fbem-2306	175	9	mergers	merger	NOUN
fbem-2306	175	10	and	and	CCONJ
fbem-2306	175	11	acquisitions	acquisition	NOUN
fbem-2306	176	1	[	[	X
fbem-2306	176	2	j	j	X
fbem-2306	176	3	]	]	X
fbem-2306	176	4	.	.	PUNCT
fbem-2306	177	1	[	[	X
fbem-2306	177	2	13	13	NUM
fbem-2306	177	3	]	]	X
fbem-2306	177	4	li	li	PROPN
fbem-2306	177	5	qingyuan	qingyuan	PROPN
fbem-2306	177	6	,	,	PUNCT
fbem-2306	177	7	tian	tian	PROPN
fbem-2306	177	8	chenyang	chenyang	PROPN
fbem-2306	177	9	,	,	PUNCT
fbem-2306	177	10	tang	tang	PROPN
fbem-2306	177	11	jianxin	jianxin	PROPN
fbem-2306	177	12	,	,	PUNCT
fbem-2306	177	13	et	et	PROPN
fbem-2306	177	14	al	al	PROPN
fbem-2306	177	15	.	.	PUNCT
fbem-2306	177	16	motivation	motivation	NOUN
fbem-2306	177	17	of	of	ADP
fbem-2306	177	18	horizontal	horizontal	ADJ
fbem-2306	177	19	m&a	m&a	PROPN
fbem-2306	177	20	:	:	PUNCT
fbem-2306	177	21	efficiency	efficiency	NOUN
fbem-2306	177	22	theory	theory	NOUN
fbem-2306	177	23	or	or	CCONJ
fbem-2306	177	24	market	market	NOUN
fbem-2306	177	25	power	power	NOUN
fbem-2306	177	26	theory	theory	NOUN
fbem-2306	177	27	-a	-a	X
fbem-2306	177	28	case	case	NOUN
fbem-2306	177	29	study	study	NOUN
fbem-2306	177	30	of	of	ADP
fbem-2306	177	31	huiyuan	huiyuan	PROPN
fbem-2306	177	32	juice	juice	PROPN
fbem-2306	177	33	and	and	CCONJ
fbem-2306	177	34	coca	coca	PROPN
fbem-2306	177	35	-	-	PUNCT
fbem-2306	177	36	cola	cola	PROPN
fbem-2306	178	1	[	[	X
fbem-2306	178	2	j	j	X
fbem-2306	178	3	]	]	X
fbem-2306	178	4	.	.	PUNCT
fbem-2306	179	1	accounting	accounting	NOUN
fbem-2306	179	2	research	research	NOUN
fbem-2306	179	3	,	,	PUNCT
fbem-2306	179	4	2011(5	2011(5	NUM
fbem-2306	179	5	):	):	PUNCT
fbem-2306	179	6	58	58	NUM
fbem-2306	179	7	-	-	SYM
fbem-2306	179	8	64	64	NUM
fbem-2306	179	9	.	.	PUNCT
fbem-2306	179	10	]	]	PUNCT
fbem-2306	180	1	[	[	X
fbem-2306	180	2	14	14	NUM
fbem-2306	180	3	]	]	X
fbem-2306	180	4	xiao	xiao	PROPN
fbem-2306	180	5	xiang	xiang	PROPN
fbem-2306	180	6	.	.	PUNCT
fbem-2306	181	1	research	research	NOUN
fbem-2306	181	2	on	on	ADP
fbem-2306	181	3	the	the	DET
fbem-2306	181	4	selection	selection	NOUN
fbem-2306	181	5	and	and	CCONJ
fbem-2306	181	6	decision	decision	NOUN
fbem-2306	181	7	-	-	PUNCT
fbem-2306	181	8	making	making	NOUN
fbem-2306	181	9	of	of	ADP
fbem-2306	181	10	target	target	NOUN
fbem-2306	181	11	enterprises	enterprise	NOUN
fbem-2306	181	12	in	in	ADP
fbem-2306	181	13	mergers	merger	NOUN
fbem-2306	181	14	and	and	CCONJ
fbem-2306	181	15	acquisitions	acquisition	NOUN
fbem-2306	182	1	[	[	X
fbem-2306	182	2	d	d	X
fbem-2306	182	3	]	]	X
fbem-2306	182	4	.	.	PUNCT
fbem-2306	183	1	beijing	beijing	PROPN
fbem-2306	183	2	jiaotong	jiaotong	PROPN
fbem-2306	183	3	university	university	PROPN
fbem-2306	183	4	,	,	PUNCT
fbem-2306	183	5	2007	2007	NUM
fbem-2306	183	6	.	.	PUNCT
fbem-2306	184	1	[	[	X
fbem-2306	184	2	15	15	NUM
fbem-2306	184	3	]	]	X
fbem-2306	184	4	gao	gao	PROPN
fbem-2306	184	5	yu	yu	PROPN
fbem-2306	184	6	,	,	PUNCT
fbem-2306	184	7	niu	niu	PROPN
fbem-2306	184	8	xinxiang	xinxiang	PROPN
fbem-2306	184	9	.	.	PUNCT
fbem-2306	185	1	capital	capital	PROPN
fbem-2306	185	2	operation	operation	NOUN
fbem-2306	185	3	and	and	CCONJ
fbem-2306	185	4	financial	financial	ADJ
fbem-2306	185	5	synergy	synergy	NOUN
fbem-2306	185	6	effect	effect	NOUN
fbem-2306	186	1	[	[	X
fbem-2306	186	2	j	j	X
fbem-2306	186	3	]	]	X
fbem-2306	186	4	.	.	PUNCT
fbem-2306	187	1	chemical	chemical	NOUN
fbem-2306	187	2	industry	industry	NOUN
fbem-2306	187	3	(	(	PUNCT
fbem-2306	187	4	5),2016:54	5),2016:54	NUM
fbem-2306	187	5	-	-	SYM
fbem-2306	187	6	60	60	NUM
fbem-2306	187	7	.	.	PUNCT