Case Study Of Sungrow Power Supply Financing Efficiency Improvement

The new energy industry has a huge potential for development and is suitable for largescale development,so it is an important part of achieving the two-carbon goal.In recent years,the new energy industry has been supported by policies and entered a stage of rapid development.New energy enterprises often need a lot of money to buy equipment and expand capacity.Many new energy enterprises’ internal funds cannot meet the above demand for production expansion,so they have to carry out a lot of financing.However,new energy projects often have a long investment return period and higher investment risk,which makes it difficult for many new energy enterprises to realize low price financing.The insufficient capital of new energy enterprises will seriously affect the development process of scientific and technological research and development,financing is expensive and difficult to become the main reasons restricting the development of new energy enterprises in our country.Therefore,this paper will cut into the main problem of financing efficiency of new energy enterprises,take the improvement of financing efficiency of Sungrow Power Supply supply as a case,analyze the path to improve financing efficiency,and provide financing decision-making ideas for other new energy enterprises.On the basis of summarizing financing theories,efficiency evaluation methods and analyzing financing status quo and financing difficulties of Chinese new energy enterprises,this paper selects Sungrow Power Supply supply as a successful case of financing efficiency improvement.Through in-depth analysis of various financing efficiency of Sungrow Power Supply supply in the first three quarters from 2015 to 2021,the paper explores the path of financing efficiency improvement of Sungrow Power Supply supply.Finally,it is concluded that the path to improve the financing efficiency of Sungrow Power Supply supply mainly includes the following aspects.First of all,Sungrow Power Supply gives full play to its advantages of scale as the industry leader,coupled with various domestic preferential financing policies for new energy in recent years,so that it effectively reduces financing costs and improves financing efficiency.Secondly,as a new energy enterprise,Sunshine Power always pays attention to the development of the product-itself,constantly improves the independent research and development ability,ensures the progress of research and development,and focuses on both production quality and production efficiency,so as to improve the pure technical efficiency of the enterprise and finally realize the improvement of financing efficiency.Finally,Sungrow Power Supply also promotes the improvement of financing efficiency by strengthening management and optimizing decision-making.It includes improving creditors’ willingness to borrow by improving debt repayment ability and reducing financing risks;It also includes optimizing the capital structure by emphasizing internal financing,increasing the proportion of direct financing,giving play to the advantages of private placement,and broadening financing channels.And through reasonable allocation of funds,strengthen accounts receivable management,improve capital turnover to promote the improvement of financing efficiency.After analyzing the path of Sungrow Power Supply to improve financing efficiency,this paper summarizes the enlightenment from the case of Sungrow Power Supply for new energy enterprises based on the above conclusions,based on the current situation,and puts forward relevant suggestions to improve the financing environment of new energy industry and improve the financing efficiency of new energy enterprises.