Research On Financing Strategy Of Fenghua Hi-Tech From The Perspective Of Sustainable Growth

The existence of enterprises is to achieve the growth of enterpr ise value.The goal of enterprise management is to maximize the v alue of enterprises.After the impact of the financial crisis,enterpris es want to restore the previous business status weapons to obtain n ew growth.In the big environment of our country,listed companies value financing,and a large amount of financing may not be able to make rational use of the funds obtained.Moreover,listed comp anies pay more attention to the growth rate,but ignore the match b etween growth rate and enterprise status.Especially as a manufactur ing industry that is important to the economy,especially the high-te ch companies that the article is going to study.Due to industry spe cificity,actual growth is largely not carried out in accordance with the sustainable growth of the company.Therefore,exploring financi ng strategies through sustainable growth perspectives may have a ne w solution to these existing problems.From the perspective of sustainable growth,the article discusse s suitable financing strategies for manufacturing.Based on the theor y of sustainable growth,this paper introduces the case of Fenghua Hi-Tech.Firstly,it analyzes the financing situation since its listing i n 1996.This paper analyzes the three aspects of equity financing,d ebt financing and retained earnings financing,and analyzes the EV A / SGR matrix.Tools,calculate and analyze their data for nearly10 years,and compare them in the EVA / SGR matrix.On this ba sis,the problems of financing strategy are analyzed,and the Fengh ua high-tech financing strategy based on sustainable growth is prop osed.Finally,on the basis of analysis and discussion,the relevant research conclusions are put forward from the perspective of sustaina ble development.Companies must ensure that their economic growt h is positive.When the actual growth rate > SGR,priority should be given to endogenous financing.When choosing debt financing,y ou should consider the ratio of long-term and short-term liabilities.Control financial leverage and rational choice of financing methods.