Financing Strategy and Dynamic Capital Structure Adjustment of EVE Energy

Under the promotion of the “dual carbon” strategy, the new energy industry has experienced explosive growth. As a core supporting field, lithium batteries have significantly increased their dependence on funds due to rapid technological iteration and high demand for capacity expansion. This study takes EVE Energy, a representative enterprise in the lithium battery industry, as the research object, integrates the Pecking Order Theory and Trade-off Theory, and explores its financing strategy selection, capital structure changes, and financial performance by analyzing its 2020-2024 financial data. Research has found that EVE Energy’s financing mainly relies on equity financing, which differs from the Pecking Order Theory; in terms of capital structure, the company’s total assets have strong long-term solvency, but weak short-term solvency; in terms of financial performance, gross profit margin and profitability are showing a downward trend, which can be improved by increasing sales and reducing costs. This study not only verifies the applicability boundaries of POT and TOT in high-growth new energy enterprises but also provides practical references for similar enterprises to optimize financing structures and balance solvency with profitability, which is of great significance for promoting the healthy development of the lithium battery industry.