The Research On Sustainable Growth Capacity Of Shanxi Lu'an Environmental Energy Development Co.Ltd

Since the concept of sustainable growth capacity is put forward, this area becomes an important part of strategic management and a difficult problem, and causes increasingly wide concern of scholars at home and abroad. A large number of cases show that:because of the lack of awareness and research of corporate financial sustainable growth strategies, on the one hand, it cause many company has been making blindly high speed development of the financial crisis took place and even stricken bankruptcy; on the other hand, many companies have failed to seize an opportunity and lose the sustained, rapid and healthy development opportunities, therefore, study the financial sustainable growth problems has very important practical significance.Firstly, the paper adopts the method of theoretical summary, to summarize the enterprise sustainable growth capacity measure the general approach to the future work of the practice guide. Corporate growth is the ability to evaluate the performance of one of the indicators, so the strong and the weak of it will influence the enterprise all aspects of decision-making. Generally, shareholders'equity earnings growth rate, sales growth rate, asset growth rate and the remaining proceeds for business growth rate and so on, are used to carry on comprehensive evaluation.Secondly, to carry out enterprise growth capacity analysis, specific include:increase the ability of the indicators to measure and evaluate the actual increase in capacity, business impact analysis of the growth factors and the ability of business strategy and financial strategy, which will affect different combinations of enterprises in the future growth capacity. In this paper, based on the theory of financial management of growth as the foundation, selection of financial issue of Shanxi Lu'an Environmental Energy Development Co. Ltd the listed companies as a specific case, financial sustainable growth model theory and application problems are analyzed. This paper holds that financial sustainable growth is not completely equal to the traditional sense of balanced growth, also not only refers to sales sustainable growth, it has a broader implications. From the dynamic point of view, it includes both sales sustainable growth and earnings sustainable growth, and net profit and its growth is the support "source" of financial sustainable growth. Through further analysis, enterprises can find a clearer focus of its growth management and the problem lies. This paper integrate the modern classical financial theory, such as capital structure theory, dividend policy theory etc. According to the financial sustainable growth concept and model contains financial significance, the paper emphatically from the financial policy and operational efficiency fully and roundly expound financial sustainable growth ability, and demonstrate theoretically the sustainable growth of financial basic power not only lies in the financial policy and system arrangement, but in the capital efficiency and capital investment decision-making is correct or not.Finally, according to the theory and practical analysis result of Shanxi Lu'an Environmental Energy Development Co. Ltd, this paper is focus on finding the growing problem and giving the relevant policy recommendations from the perspective of the sustainable growth. Other companies within the industry may have a certain degree of reference.