Capital Operations
Definition
Using capital tools for enterprise development.
Historical Background
2000s: capital market development made capital operations important.
Example
Financing, M&A, IPO. Like an enterprise accelerator.
Formula
Capital Return = Net Profit / Total Capital x 100%
Core Concepts
Enterprise growth booster: rapid expansion and resource integration through capital.
Extended Applications
Financing: equity, debt; M&A: horizontal, vertical; IPO, backdoor listing; investment: industrial, financial; exit: share transfer, buyback.