摘要:資本結構是指各個企業資本的價值結構及其比例關系，是一定時期內企業籌資組合的結果。作為企業財務管理中的一項重要指標，資本結構的優化極為關鍵。優化資本結構，使企業能夠建立管理科學、權責分明的現代企業制度，從而提高企業債務和再融資能力，使得企業實現利潤最大化。

　　　本文通過分析凱諾科技股份有限公司2008年至2011年的財務數據，主要從資產負債率、流動負債、內部融資和股權結構等方面對公司資本結構現狀進行分析，然后根據分析對企業的資本結構進行優化，比如適度提高資產負債率、調整公司負債結構和融資結構、合理分配股本結構、提高企業盈利水平等。

關鍵詞：資本結構；公司；現狀；優化

Abstract:Capital structure refers to the value of all kinds of the enterprise capital structure and its proportional relationship, and it is the result of the enterprise financing combination in a certain period.Capital structure is an important indicator in enterprise financial management, and the optimization of capital structure is the key. By optimizing capital structure, the enterprise can establish a modern enterprise system with scientific management system, and a clear division of power and responsibility to improve enterprise debt and the refinancing ability, then it will make enterprise realize the profit maximization. 

　　　Through analyzing financial data of Kainuo Technology Shares Company from 2008 to 2011, I mainly analyze the enterprise's capital structure present situation from the asset-liability ratio, current liabilities and equity structure, internal financing.Then according to the analysis to enterprise's capital structure ,I find the capital structure’s optimization measures, such as moderately improving the asset-liability ratio, adjusting the structure of company debt and financing structure, distributing the capital structure reasonably, improving the level of corporate profits, etc. 

Keyword  capital structure  company   present situation   optimization