The Research Of Listed Companies On Sustainable Growth And Financial Strategy-based On The Data Of Manufacturing Listed Companies

Sustainable development in contemporary China is an important subject which need to be solved. According to statistics, the average life expectancy of China group co. LTD. is only7-8years while small and medium-sized enterprises is2.9years.12000enterprises in China go bankrupt every day and nearly10companies shut down every minute. Large amounts of material resources and human capital are wasted during repeated registration of numerous enterprises. The way of solving this problem is to discuss how to make the enterprise keep long-term sustainable development. As the pillar of the second industry in China, manufacturing industry plays an important role in the development of the national economy. At this point, it is particularly necessary to discuss the level of sustainable development on manufacturing industry and solve the problems existing in the process of sustainable development.firstly I analysesd the main factor which affected sustainable development of enterprises from the perspective of internal,external and industry. Then I took relevant data at steady state of the A-share Shanghai manufacturing listed companies as samples. Through SPSS statistical method I studied the level of sustainable development of Chinese manufacturing listed companies.I made a clear division of listed companies which could not keep sustainable growth for a long time and further discussed how to define the deviation range of the unsustainable growth listed companies. Finally, I put forward some strategies to maintain sustainable growth for enterprises from two perspectives of operation and financial.In this paper, I found there were48%of the manufacturing listed companies did not achieve sustainable growth under steady state conditions. By comparing these sustainable growth rate and actual operating income growth rate, we could further divide these companies into excessive investment unsustainable growth listed companies and investment insufficiency unsustainable growth listed companies. I obtained a relatively simple method to determine the sustainable growth category by comparing the average growth rate of total assets and revenue growth rate from the data of unsustainable growth enterprises to the whole industry.