Research On Financial Strategy Of CATL Based On Financial Strategy Matrix

With"Carbon peak" and "Carbon neutrality" becoming the focus of environmental protection in every country in the world,developing new energy vehicles has become an important choice for every country to fulfill its environmental protection obligations,by increasing the proportion of new-energy vehicles,reducing the proportion of fuel vehicles,to reduce the country’s overall carbon emissions.Under the environmental influence of the rapid development of new energy vehicles,the power battery industry has also realized the leapfrog development.CATL,Panasonic and LG Chem are among the world’s biggest power battery suppliers,and competition is fierce.As a part of the functional strategy of CATL,financial strategy can provide financial support to the business activities of CATL from four aspects:investment,financing,operation and dividend distribution.A good financial strategy can improve the efficiency and efficiency of the company’s use of funds.Therefore,How to further optimize the financial strategy of CATL and provide the financial basis for enterprises to keep the leading position in the fierce market competition is an important choice that must be faced in the CATL.On the basis of combing and summarizing the domestic and foreign related literature,such as financial strategy research and financial strategy matrix research,research is conducted under the guidance of financial strategy,value creation and enterprise life cycle theory.First of all,the development of the CATL,the background of the industry and the specific business situation are summarized and introduced,to sum up the implementation of the company’s financial strategy in investment,financing,operation and dividend distribution in the past five years,find out the characteristics of CATL investment,financing,operation and dividend policy.Second,the quadrant of the CATL financial strategy matrix is defined by calculating the difference between a company’s economic value added and its sales growth rate and its sustainable growth rate,according to the quadrant characteristics,this paper determines the value creation level and capital surplus of the company,and evaluates the value creation level and capital surplus in the CATL.The results show that from 2017 to 2021,the CATL valueadded capacity was on the rise,indicating that the CATL financial strategy can add corporate value,and the value of the increase has been increasing year by year;the CATL surplus was generally a shortfall(due to the pandemic,it was in surplus in 2020),and the gap between the sales growth rate and the sustainable growth rate has been increasing year by year,indicating a shortage of capital in the CATL,and the shortage has been increasing year by year.Finally,according to the evaluation results of the financial strategy matrix of the CATL,the problems of the financial strategy of the CATL are found,the paper also puts forward some suggestions on financial strategy optimization:(1)adopting the mixed investment strategy of combining expansion with stability to improve the investment efficiency and effect of the company;(2)increasing the proportion of interest-bearing liabilities in the total liabilities;(3)improve the efficiency of capital turnover of operation strategy,keep the turnover of accounts receivable and inventory within a reasonable level;(4)to seek the policy of low normal dividend plus extra dividend,we should not only solve the problem of capital shortage,but also protect the interests of minority shareholders.