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Study On The Financing Mode Of The Matching Parts Project For HD Group

Posted on:2010-09-21Degree:MasterType:Thesis
Country:ChinaCandidate:Q WangFull Text:PDF
GTID:2189360302966302Subject:Project management
Abstract/Summary:PDF Full Text Request
In the new situation of globalization of economic development, all the countries in the world had attached more and more importance to the status and roles of the infrastructure in the national economy. Power, as the derivative product of the fundamental energy sources, is one of the energy sources closest to the human life and closely related to the national economy. Both of them are mutual driven and influenced. The great development of power and its relevant industries is one of the effective approaches to accelerate the economic development of the country. At present, the power source of China ranks second in the world, superior to that of Russia and only inferior to that of the US. However, averaged according to the population and the territory area, it is far less than that of the developed countries and even less than that of some developing country. At the same time, the lack of funds has been always a big problem of the power equipment construction of our country. Our country is in the period of rapid economic development. The continuous and rapid economic development more needs to accelerate the power development in order to meet the demand for economic growth. Therefore, in recent years, our country has always increased the input in the power equipment manufacturing industry and encouraged the technological reform and scientific and technological innovation so as to improve the matching fundamental parts and fundamental technical level. However, it is far from enough to only depend on the capital input of the national governments and accumulation of the income of the enterprises by themselves to realize the technological innovation and expand the production scale so as to meet the increasing demand of society for power. Therefore, the insufficient fund in the development of the power equipment manufacturing industry of our country has been the restricting factor existing for long time and it is especially urgent to resolve the financing problem.The deep-going research on the financing difficulty in the power equipment manufacturing industry is made in the thesis. The method of theory combined with practice is first taken to systematically deal with the knowledge framework of financing from some perspectives such as theories of financing, financing strategy and financing mode, etc. Then the study of the financing mode of the HD group matching parts project is taken as the core to start from analysis of the internal and external environmental impact factors, point out the limitation and high risks existing in the current financing mode with the bank loan as the main part and then carry out the qualitative and quantitative analysis of all the economic benefit indexes of the project construction according to the investment project, market demand and financing demand. Based on the above analysis, 5 financing modes, that is, internal financing, stock right financing, bank loan, equipment financing and leasing and virtual shareholding with the prepaid funds on account are presented. The comparative analysis method is taken to analyze the advantages and disadvantages of all the financing modes. It is determined the strategy of taking the stock right financing to establish the new enterprise is the mode most favorable to the continuous operation of the project. Such a mode can make the enterprise obtain the permanent and unpaid capital and the enterprise will obtain the best economic benefits. In the implementation of the project, some market risks, equipment failure risks and financing risks will occur. The emphasis goes to analyze the financing risks and some detailed and effective financing risk precautions such as building of the mechanism in which the project participants share the project risks and signature of a long-term supply contract with the relatively stable price with the supplier of project construction materials, etc. Finally, it is concluded that it can provide the sufficient fund support for the development of the project, lay a solid foundation for the long-term development of the HD group matching parts project and promote the enterprise to stably and rapidly develop as well as make the enterprise become bigger and stronger to build a financing mode suitable to the project characteristics and a financing channel suitable to the development of the enterprise.
Keywords/Search Tags:financing of the project, financing mode, financing risk
PDF Full Text Request
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