生命周期视角下高新技术型企业融资模式——以宁德时代新能源科技股份有限公司为例  

Financing Mode of High-tech Enterprises from the Perspective of Life Cycle:Taking Contemporary Amperex Technology Co.Limited as an Example

作　　者：林硕延 李佳展 张诗韵 宋丹丹 LIN Shuoyan;LI Jiazhan;ZHANG Shiyun;SONG Dandan(School of Economics,Guangzhou College of Commerce,Guangzhou 511363,China;School of Economics and Management,South China Normal University,Guangzhou 510006,China;Agricultural College,Guangxi University,Nanning 530004,China;Business School,Nanfang College Guangzhou,Guangzhou 510970,China)

机构地区：[1]广州商学院经济学院,广州511363 [2]华南师范大学经济与管理学院,广州510006 [3]广西大学农学院,南宁530004 [4]广州南方学院商学院,广州510970

出　　处：《科技和产业》2025年第4期343-348,共6页Science Technology and Industry

基　　金：国家社会科学基金年度项目(22AJY014);普通高校重点科研平台和项目(2023WCXTD025);普通高校重点科研平台和项目(2023ZDZX4066);广州商学院一般项目(2023XJYB06)。

摘　　要：高新技术企业是推动经济高质量发展的重要动力,从某种意义上来说是一个国家经济实力的体现。围绕高新技术型企业的融资模式展开研究,以宁德时代新能源科技股份有限公司(宁德时代)为典型案例,从生命周期的角度对高新技术型企业的融资状况及融资渠道的变化进行研究,深入探讨了高新技术企业在融资过程中的多元化模式。宁德时代的融资经验表明,多元化融资渠道、灵活的融资策略以及良好的公司治理结构对于高新技术企业的快速成长至关重要。此外,分析其融资模式的特点和不足,并提出多元化融资、优化结构、加强与政府和金融机构的合作、寻求新的融资渠道等相关建议。为其他高新技术企业提供可借鉴的融资模式和策略建议,具有一定的现实意义和理论价值。High tech enterprises are an important driving force for promoting high-quality economic development,and in a sense,they are a reflection of a country’s economic strength.The article focuses on the financing model of high-tech enterprises,Contemporary Amperex Technology Co.,Limited(CATL)as a typical case,and studies the financing status and changes in financing channels of high-tech enterprises from the perspective of the life cycle.It deeply explores the diversified models of high-tech enterprises in the financing process.The financing experience of CATL shows that diversified financing channels,flexible financing strategies,and good corporate governance structures are crucial for the rapid growth of high-tech enterprises.In addition,the article analyzes the characteristics and shortcomings of its financing model,and proposes relevant suggestions such as diversified financing,optimizing structure,strengthening cooperation with government and financial institutions,and seeking new financing channels.The conclusion of the article provides reference financing models and strategic suggestions for other high-tech enterprises,which has certain practical significance and theoretical value.

关 键 词：生命周期 高新技术企业 融资模式 宁德时代新能源科技股份有限公司(宁德时代) 多元化模式 

分 类 号：F275[经济管理—企业管理] F276.44[经济管理—国民经济]