Has Entrusted Financial Management Driven Manufacturing Companies To "Depart From Reality And Turn To The False"

In recent years,China's real economy has declined and the capital market has been in a slump.Many companies have struggled to survive.In this context,the domestic A-share market has set off a wave of buying wealth management products,and the scale of wealth management has continued to grow at an alarming rate.A large amount of social funds poured into speculative fields such as wealth management,the stock market,and real estate,and private capital "accelerated to flee",which led to the stagnation or even shrinkage of the domestic real economy development.This article takes The Nationz Technologies as a case study object,introduces the industry background and company profile,and details the entrusted financial management strategy and characteristics of The Nationz Technologies.This article first analyzes the motivations and incentives of The Nationz Technologies entrusted financial management;then analyzes the short-term market performance resulting from the event of entrusted financial management,and selects financial data from 2010 to 2018 to conduct research on innovation performance and financial performance;and finally Judgment is made as to whether The Nationz Technologies constitutes a "de-reliance to a falsehood." The study found that The Nationz Technologies entrusted financial management behavior has not been recognized by the capital market,financial performance and innovation performance have declined significantly,physical capital investment has decreased,and the main industry has been sluggish.This article finds that,for many years,The Nationz Technologies has neglected the golden period of the development of the main business in the way of "no business and professionalism" in entrusted financial management,and it has shown a"decontextuality to falsehood" trend.Entrusted financial management is actually a common investment method,which can create short-term benefits for enterprises,and play a role in improving the efficiency of capital use and alleviating financing constraints.However,in the context of fierce competition in the industry and the downturn of the real economy,enterprises should take industry as the core,and avoid excessive reliance on entrusted financial management to sacrifice the development of the main business.The research in this article is of reference value to corporate fund allocation and capital operation strategy development,and it has important realistic enlightenment value to market supervision and investor risk education.