Research On Financing Strategy Optimization Of S New Energy Company Under Double Carbon Background

In order to meet the major challenges of global climate change and realize the green and sustainable development of mankind,countries around the world have introduced carbon emission reduction targets.In September 2020,the Chinese government put forward a plan to achieve carbon peak before 2030 and carbon neutrality before 2060.The new energy lithium battery industry is an emerging industry.The rapid development of the lithium battery industry can greatly improve the power system of new energy vehicles,which is of great help to realize the dual-carbon plan.In the dual-carbon environment,the technology research and development of lithium battery enterprises and the expansion of production scale need a lot of capital investment.However,many lithium-ion battery companies can no longer rely on government subsidies to maintain positive profit growth.Therefore,in order to obtain sufficient capital flow,it is particularly important to formulate appropriate financing strategies.In this thesis,the background and purpose of the research are firstly described,and the relevant literature of corporate financing by domestic and foreign scholars is reviewed,as well as the influence of the dual-carbon goal on the new energy lithium battery industry since it was proposed.Then,based on the financing data of S new energy company in5 years(2017-2021)before and after the implementation of the double carbon target,the changes of S new energy company’s financing strategy before and after the double carbon target are analyzed.Then the DEA model is used to calculate the relative financing efficiency of S new energy company and other companies in the same industry,and explore the effect of S new energy company’s financing strategy under the dual-carbon target.The results show that the financing efficiency of S new energy company is lower than that of other enterprises in the industry before the implementation of the double carbon target,and it decreases year by year.After the implementation of the double carbon target,the financing efficiency has increased,but it is still at a low level in the industry.The main reason is that the pure technical efficiency is low,which needs to be further improved.Finally,the paper analyzes the problems existing in the financing strategy of S new energy company and puts forward optimization suggestions.