Research On Enterprise Financing Structure Under The Background Of Industrial Chain Integration

With the development of the global economy,China’s manufacturing industry has encountered development bottlenecks.In order to achieve industrial upgrades,more and more companies have continuously optimized the layout of their industrial chains.However,in the process of industrial chain integration,more and more companies are experiencing debt defaults and broken capital chains.Under such circumstances,it is very meaningful to study the financing structure of enterprises in the process of industrial chain integration.This article firstly analyzes the financing status of the enterprise in the context of industrial chain integration,then finds out the current financing structure problems based on the corporate financing status,and finally analyzes the causes of financing structure problems from the perspective of industrial chain integration.The study found that after the integration of the industrial chain,the problem of O-film’s financing structure is that the company’s internal financing ability is weak,the level of assets and liabilities is too high,and the level of short-term liabilities is too high.From the perspective of industrial chain integration,it is found that the main reasons for these problems are the poor integration effect of the industrial chain makes the industrial layout unreasonable;the excessive investment speed of the enterprise causes blind investment and the current phenomenon of short-term long-term investment is more serious.Based on this,this paper proposes three countermeasures.First,Enterprises should optimize the layout of the industry chain,strip off smart cars and interactive services,concentrate resources to realize the vertical integration of cameras and biometrics services,increase the company’s technical level,and improve the company’s internal financing capabilities;Second,Enterprises should not blindly invest,but should adjust the rate of expansion of enterprises.When making long-term investment decisions,a sound investment decision-making mechanism should be established to reduce the possibility of investment failure,thereby increasing the speed of cash flow return and reducing dependence on debt financing.Third,Enterprises should improve the planning of financing,formulate financing plans according to the nature of investment assets,choose a variety of financing methods,and reduce short-term debt levels.