Financing And Risk Research Of A Company’s Synthetic Ammonia Technical Reform Project

There are many problems in the development of small and medium-sized enterprises in China,such as lack of capital and difficulty in financing,which not only affect the long-term development of small and medium-sized enterprises,but also affect the economic development of our country.This paper will analyze the risks and Countermeasures in financing a medium-sized chemical enterprise by investigating the financing of technological innovation projects.Company A is a chemical enterprise with synthetic ammonia as its main industry,mainly engaged in the production and sales of synthetic ammonia products.In the process of implementing the technological transformation project of ammonia synthesis in Company A,there are often severe financing problems.In this paper,through the analysis of the status quo of A company’s promotion of synthetic ammonia technology reform project,as well as the ways,sources and problems of fund raising,the external financing and internal financing methods and risks of A company are analyzed in depth.Through qualitative analysis,this paper identifies the types of risks faced by A company in the financing process of ammonia technological transformation project,then evaluates various risk factors by using analytic hierarchy process,and then puts forward suggestions on financing methods,that is,external financing adopts the combination of equity financing and debt financing;internal financing adopts the way of building an endogenous financing system.Through the research in this paper,we hope that we can choose the appropriate financing channel for A company’s ammonia technology transformation project,reduce the financing cost,optimize the capital cost structure,promote A company’s further development and growth,and provide a reference for similar chemical enterprises’ technology transformation project financing.