Study On Financing Strategy Of New Energy Vehicles Listed Companies For Financial Sustainable Growth

Enterprise growth and its financing strategy during growth is the emphasis and difficultpoint in the financial management. Enterprise’s sustainable growth rate is closely related tothe financing decision. This paper which takes the financing decision and financialsustainable growth into account, starting with financial sustainable growth model, discussesthe enterprise financing strategy targeting to the enterprise to finance sustainable. In practice,enterprise managers often meet with the banks’ favor, the government’s concern, and themedia’s sought after, which brought by high-speed growth in sales, but ignore the company’spotential business crisis; Management always focus on sales growth indicators in company’sformulated development strategy, overlooking the effectively predict and manage inenterprise growth. Meanwhile, in the case of funds is in place, managers often not clearlyaware the financial significance of the slow growth, idling enterprise economic resources forlong range. As result of ignoring the new requirements and strategies in financing growth, theenterprise will get out of market or become the buyers’ prey whose vision is keener. Theenterprise’s financial target should mainly consider the request of financial sustainable growth,improving operating efficiency.By Higgins ’s sustainable growth model, applying Eviews6.0、SPSS16.0statisticalsoftware, this thesis carries through independent sample test and Wilcoxon signed ranks testin order to validate that whether the new energy vehicles companies of China listedcompanies are to achieve sustainable growth or lacking growth or slow growth, while takingthe2009-2011financial data of new energy vehicles in China listed companies as theobserved value. Based on the test results, combined with the previously discussed financingstrategy whose strategic objectives is finance sustainable growth, some concrete financingstrategy are provided to reference for new energy automobile listing Corporation in China.This paper wishes to provide some reference and suggestions for the low-speed (high-speed)growing enterprise in the choice of financing strategies and financing methods.