Research On Corporate Finance Strategy Based On Sustainable Financial Growth And EVA

In recent years,the country has increased its support for the real economy,and has issued major favorable policies to support the development of high-end manufacturing,which has effectively promoted the progress of manufacturing.At the same time,with the gradual improvement of the national capital market and the continuous increase in tax reduction and burden reduction,the financing channels and methods of manufacturing companies are also more extensive.At this time,how to deal with the relationship between financing and growth has become a problem faced by most enterprises.In this paper,AVIC Optoelectronics Technology Co.,Ltd.is selected as the research object,using financial sustainable growth and EVA model,combined with the information disclosed in the company's annual report to study its financing strategy,hoping to provide reference for the financing decision of connector manufacturing enterprises through case studies.First of all,this article focuses on the relevant theories of financial sustainable growth,EVA and financing strategies,including the introduction of financing and its strategies,the introduction of financial sustainable growth and the EVA calculation model,and the close relationship between the two and financing strategies.Introduced the relationship between financing and growth;then introduced the basic situation of the case company AVIC and its financing strategy,respectively from the establishment and development of the company to introduce AVIC,from equity financing,bond financing and internal financing Introduce the basic financing status of the company in three aspects;the following is the research on the financing strategy of AVIC based on financial sustainable growth and EVA.The article first analyzes the corporate financing behavior and financing rationality from the perspective of financial sustainable growth and EVA,and then Make full use of the complementarity of the two models to form the EVA-SGR matrix,put the calculation results of the model into different quadrants to qualitatively analyze and evaluate the financing strategy of the enterprise.After the above method analysis,it was found that:AVIC has been in a shortage of funds since its listing More,on the one hand,because the actual growth rate of the company exceeds the limit of sustainable financial growth,resulting in the consumption of financial resources,on the other hand,it shows that the company has a large financing demand,and it should strengthen the internal and external financing strength to supplement the funds required for growth Through analysis,we also found that AVIC's value creation capability has steadily improved,and endogenous financing has become the main source of funds to support corporate growth.However,from the perspective of financing structure,corporate equity funds account for a relatively large proportion,and the cost of capital is relatively high.The role.At the same time,although endogenous financing has an increasing role in enhancing the value of the enterprise,the profitability of the company's existing assets needs to be strengthened.Finally,this paper proposes targeted countermeasures to enhance the financing strength of AVIC Optoelectronics in light of the existing problems in the financing aspect.Through in-depth research on relevant theories and case companies AVIC,the conclusion is:the company's financing decisions should be guided by sustainable financial growth,in order to achieve value-added value;the strong endogenous financing strength is the enterprise's sustainability Fundamental guarantee for growth;the EVA-SGR matrix can quickly locate the company's capital surplus and value creation,covering the focus of financing at different stages of the company's development,and has reference significance for guiding enterprise financing.