This case study focuses on the restructuring strategy of TBEA.By analyzing TBEA's choices of methods and objects of major restructuring actions,the risk management in the restructuring process and the integration and management afterwards,we try to find out the key factors influencing the financial performance and competitive advantage of TBEA in the restructuring process.It also explores how a company can successfully implement the restructuring strategy by making the best of its strengths,seizing the opportunity for development,and meanwhile,taking full advantage of superior resources.