PAGE摘要企业的经营活动想要顺利的开展，不仅要考虑内部控制,同时也要考虑企业资本的组织。在全球经济经飞速发展的时代，资本结构在企业的发展中显得越发重要。资本结构是企业财务管理的重要环节，也是企业健康发展的重要保证。资本结构的不合理直接影响着企业的生产经营状况和发展前景，甚至决定着企业的成败，加强资本结构管理，优化公司治理策略起到关键作用，意在为企业降低资本成本和财务分险，实现企业价值最大化的财务目标。通过对鸿羽机械制造有限公司股东权益比率、资产负债率、长期负债比率等资本结构现状分析，发现该公司存在资本效益低下、资本结构不合理、资金筹集单一、资金运营效率低下等基本问题。对此，企业应该注意规划资本，提高资本效益；以及综合治理，合理规划负债；还有扩宽融资渠道，实现资本结构优化；并完善企业治理结构，提高企业经营效率。关键词：鸿羽制造资本结构企业价值AbstractIfanenterprisewantstocarryoutitsbusinessactivitiessmoothly,itshouldnotonlyconsiderinternalcontrol,butalsoconsidertheorganizationofenterprisecapital.Intheeraofrapiddevelopmentofglobaleconomy,capitalstructurebecomesmoreandmoreimportantinthedevelopmentofenterprises.Capitalstructureisanimportantpartoffinancialmanagement,andalsoanimportantguaranteeforthehealthydevelopmentofenterprises.Theirrationalityofcapitalstructuredirectlyaffectstheproductionandoperationstatusanddevelopmentprospectsofenterprises,andevendeterminesthesuccessorfailureofenterprises.Strengtheningcapitalstructuremanagementandoptimizingcorporategovernancestrategiesplayakeyroleinordertoreducecapitalcostsandfinancialrisksforenterprisesandachievethefinancialgoalofmaximizingenterprisevalue.BasedontheanalysisofthecurrentsituationofthecapitalstructureofHongyuMachineryManufacturingCo.,Ltd.,suchastheratioofshareholders'equity,theratioofassetstoliabilities,theratiooflong-termliabilitiesandsoon,itisfoundthatthecompanyhassomebasicproblems,suchaslowcapitalefficiency,unreasonablecapitalstructure,singlefund-raisingandlowefficiencyoffundoperation.Inthisregard,enterprisesshouldpayattentiontotheplanningofcapital,improvecapitalefficiency;andcomprehensivegovernance,reasonableplanningofliabilities;andexpandfinancingchannelstoachievetheoptimizationofcapitalstructure;andimprovecorporategovernancestructure,improvebusinessefficiency.Keywords：HongyuManufacturingCapitalstructureEnterprisevalue目录TOC\o"1-3"\h\uTOC\o"1-3"\h\uHYPERLINK\l_Toc31322一、引言PAGEREF_Toc313221HYPERLINK\l_Toc2965二、资本结构及其影响因素2HYPERLINK