Research On Financing Structure And Growth Of Technology Based SMEs

Today,technology-based SMEs are an important indicator of a country's ability to innovate.As a developing country,it is of great significance for China to promote the development of technology-based SMEs.However,there are still a lot of problems in technology-based SMEs that deserve our in-depth discussion and research,among which the financing problem is the most significant.The imperfect financing market and financing structure of small and medium-sized science and technology enterprises in China may slow down the growth rate of enterprises themselves,and may even hinder the development of science and technology in China.This paper adopts literature research method and case analysis method.In reference to many of small and mid-sized enterprise financing structure and the growth of related literature,in hongsam digital as the subject,analyzing from the perspective of the financing structure and growth hongsam digital existing problems of financing structure,through related data and information research,found hongsam digital existing financing structure is unreasonable.Related problems include: lack of diversified financing channels,preference for short-term debt financing,lack of trust in commercial credit,imperfect financial management system.For hongsam digital,the existing financing structure cannot bring the company more efficient financing and is not conducive to the company's better growth.In order to solve the problems of corporate financing structure,based on the environment of financing structure and the growth of financial indicators analysis,draw lessons from many scholars have studied the structural impact on the growth of small and mid-sized enterprise financing,hongsam digital's problems existing in the financing structure is put forward,and try to adjustment sugestions.At the same time,as a small and medium-sized enterprise of science and technology,hongsam digital has common problems in this industry.This paper attempts to find the future development direction of the financing market of technology-based SMEs through the research and analysis of hongsam digital.This paper is divided into six parts.Firstly,the research background and significance of this paper are analyzed.The second part is an overview of relevant theories and concepts.The third part is an introduction to the background of the case,including the characteristics of the financing of small and medium-sized technology-based enterprises,problems in the financing market,Hongsheng digital's company profile,operating conditions and the financing situation over the years.The fourth partanalyzes the financing structure and growth indicators of the enterprise by collecting the relevant data of the past five years,combined with the financing structure and growth indicators The relationship between capital structure and growth,the existing problems of corporate financing structure and the direction of financing structure adjustment are put forward.The fifth part puts forward some sugestions for the adjustment of the financing structure of Hongsam Digital,which can provide enlightenment for the development of the financing market of the technology-based smes in China.The sixth part summarizes the research conclusion and puts forward the prospect.The innovation of this paper is the innovation of research perspective.Research literature mostly from the macro level of research of the whole industry or the whole gem data,few focuses on the influence of a single company's financing structure and growth,this article from the perspective of micro hongsam digital is a typical small and mid-sized enterprise of case study,through analyzing the experience summarized at the same time,for small and mid-sized enterprise financing structure choice.