Analysis On The Refinancing Proposal Of Dacheng CO.,LTD.

Dacheng Company is a national key high-tech enterprise and large leading enterprisein power system automation and relay protection industry. The company’s variousbusiness areas have good opportunities for development with the country vigorouslydeveloping strategic emerging industries，and the State Grid Corporation building a strongand smart grid planning implementation.This article begins with a brief overview of the financing theories in various stages ofdevelopment research and Dacheng Company status quo, and then, analyzessystematically the resource and abilities about the company, the industry developmentpresent situation. later, the paper describes the development course of Dacheng Companyin the capital market Since the company had been listed about more than10years. Thepaper discovers the necessity that the corporation should firmly seize current favorablesituation. Combined with the actual situation, Dacheng Company selects reasonablefinancing method in the capital market, which can quickly improve the competitive abilityof the enterprise. It can also promote the sustained and healthy development of theenterprise.Later on, the paper analyzes the macroeconomic environment，industry environment,financial position of the enterprise, the choice of refinancing tool based on the theory ofrefinancing etc.. Finally, the paper proposes a refinancing proposal for the companycombined with the industry competition situation of Dacheng Company, and the paperalso takes into account the company management status and proposes optimizationsolution，further puts forward to answer strategy.