| Under the economic situation of global economic integration,China’s automobile manufacturing industry has become a pillar industry related to the national economy and people’s livelihood after more than half a century of development.At the same time,due to the perfect technology of traditional braking systems,traditional braking system products have been enter the era of meager profit.The automobile brake system electronic control module is a national key support and priority development industry.It is one of the key components of automobiles and has been widely used in medium and high-end automobiles.With the improvement of people’s living standards and the driving of national industry and industry policies,the electrification and intelligence of automobiles will be more and more applied to people’s daily lives.It is no exaggeration to say who has mastered the future.The commanding heights of car brakes,who can have a place in the fierce market competition.In the face of a new competitive landscape,enterprises must transform and develop,and they must be inseparable from the support of huge amounts of funds.Therefore,how to diversify the financing system through capital market debt financing or equity financing has become a problem that the brake system continues to solve in the electrification and intelligent transformation.APG is a leading enterprise in the domestic automotive brake system industry.It is also the earliest developed and industrialized electronic control module for domestic automotive brake systems.The company was listed on the Shenzhen Stock Exchange in August 2009.In order to enhance the comprehensive strength of the company and enhance the core competitiveness of the company,the company has expanded its production capacity by investing in the establishment of a technological transformation project for automotive electronic control systems.According to preliminary calculations,the project requires funds of 591 million yuan,of which fixed assets are 51.06 million yuan.Based on the capital market environment in which the company is located,this paper applies the capital structure optimization theory to the financing plan of the investment project,optimizes the eompany s eapital structure,enhances the company’s comprehensive competitiveness,realizes the large-scale production of products,and promotes the transformation of the company.upgrade.At the same time,APG involves a number of national strategic emerging industries,such as new energy hub drive motors,driverless,etc.,this financing program can provide a reference for the subsequent investment in emerging industry projects.This paper mainly studies the investment and financine plan of the electronic control module project of the APG brake system of listed companies.Through the analysis and analysis of the domestic and international financing theory research and the status quo,the research perspective of the paper is clarified,from the aspects of debt financing and equity financing.The financing method of listed companies provides theoretical support for enterprises to propose financing schemes in line with their own strategies.Combined with the company’s financial information,business operations and capital market conditions,the investment and financing project plans are planned and analyzed,and the company’s own development strategy is selected.The best financing option. |
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