Research On Cash Flow And Management Of Start-Up Lithium Battery Enterprises

Cash flow management is one of the core contents of enterprise financial management.At present,in the face of technological iteration and market fusion,new energy lithium battery enterprises in the initial stage,strengthening cash flow management is an important content to maintain their stable operation and long-term development.Therefore,the research on cash flow management of start-up new energy lithium battery enterprises has important theoretical and practical value.On the basis of summarizing the relevant theoretical knowledge of cash flow management and budget management,this paper focuses on the cash flow management of the start-up new energy lithium battery enterprise with the attribute of the start-up new energy lithium battery enterprise,and takes the start-up new energy lithium battery enterprise CW company as the research object.Firstly,it briefly describes the research literature and theoretical basis related to this paper.Secondly,according to the annual report and financial data of CW company,this paper analyzes the current situation and main problems of its cash flow management from four aspects: cash flow direction,flow,flow rate and process.On this basis,this paper puts forward measures to optimize the cash flow management of start-up new energy lithium battery enterprises from four aspects.Finally,the main conclusions of this paper are summarized and the prospect is put forward.The main research conclusions are as follows:(1)In terms of cash flow,CW company’s cash flow mainly serves its main business activities,which is basically consistent with the company’s strategic development requirements.;In terms of cash flow,CW company has the problem of unreasonable cash flow structure,which is mainly caused by the increase of total cash outflow due to business expansion and structural optimization transformation,and the overall decline of cash increase in operating activities such as sales revenue of new energy vehicle products and revenue from providing products and services;From the perspective of cash flow rate,the overall efficiency of cash flow rate management of CW company is slightly insufficient;From the perspective of cash flow,CW company has initially established cash flow process management,but has not carried out budget management for the cash flow process of specific business.Moreover,CW company has imperfect cash flow risk early warning mechanism and has not designed an effective cash flow fracture risk prevention and control mechanism.(2)At present,the main problems of CW company in cash flow management are:weak awareness of cash flow management;The construction of cash flow management system is not perfect;Lack of budget supervision and management;The budget cash flow structure is unreasonable;Extensive management of accounts payable in the supply chain;Extensive management of R &D expenses.(3)When establishing its own cash flow budget management system,lithium battery enterprises should mainly start from budget preparation,budget implementation,control and budget analysis.At present,the main problem of lithium battery enterprises in budgeting is that they have not made a detailed budget for the cash flow of specific businesses.In terms of budget implementation and control,it is not possible for all relevant business departments to participate in and coordinate with each other,resulting in cash flow expenditure out of budget or inconsistent with the budget.In terms of budget analysis,the financial department of the company shall strengthen coordination and communication with all departments,and conduct comprehensive analysis according to the budget implementation of each business department and branch this year and the problems in the process of budget implementation,so as to facilitate the optimization and adjustment of subsequent budget implementation.In terms of risk prevention and control of cash flow,lithium battery enterprises can standardize the power restriction of each post by using and managing cash in strict accordance with rules and regulations;Strengthen the document and voucher review mechanism and improve the payment review and approval process;Establish a cash flow risk early warning mechanism,use big data science to fully predict and judge the cash flow risk of the enterprise according to the existing financial index data;Promote the combination of cash flow risk prevention and control and enterprise operation and development strategy,strengthen talent training and cultivation,strengthen the design of cash flow fracture risk prevention and control mechanism,and strengthen the enterprise’s own risk prevention and control.(4)New energy lithium battery enterprises in the start-up period can put forward to optimize the cash flow management of new energy lithium battery enterprises in the start-up period from four aspects: establishing cash flow management training system,improving cash flow management system,establishing departmental budget correction circular management,establishing the company’s cash flow reserve and circulation value-added mechanism.Among them,in establishing the cash flow management training system,first of all,we should pay attention to establishing the cash flow management concept based on the development of new energy lithium battery enterprises in the start-up period,establish the concept of modern enterprise management in line with the characteristics of new energy lithium battery enterprises in the start-up period,and pay attention to the cultivation of cash flow management concept,Focus on helping the internal managers of new energy lithium battery enterprises in the initial stage to improve their cash flow management level and skills.Secondly,we should formulate a scientific and effective cash flow management training plan in combination with the actual development of the company and the professional level and skill level of existing cash flow managers.Finally,we should establish an effective evaluation system for the effect of cash flow management training,which can establish effective evaluation indicators to comprehensively evaluate the personnel receiving cash flow management training,and also connect the evaluation of cash flow management training with performance,so as to better motivate relevant personnel.