Financing Problems And Measurements Of HN Power Co.,Ltd

Since the2002national electric power system reform, the power generation industrygradually shift from a planned economic system monopoly to a competitive market economysystem. In the past ten years, the power industry has experienced a high-speed developmentperiod, a very high demand for corporate finance work. How to improve the efficiency of powergeneration corporate finance and expand power generation financing channels for enterprises,reduce the cost of power generation corporate finance has been the financial manager of thepower generation industry exploration and research.HN Power Generation Co., Ltd. was established in September2007, the main responsibility forproduction and business activities, mainly engaged in electric power, heat, coal, transportationand other related industries development, investment, construction and management, the currentregistered capital of919.62million yuan. HN Power Generation Co., Ltd. since its inceptionjust five years, the unit of power projects in Jilin Province total installed capacity of1.41million kilowatts, with a total investment of more than ten billion yuan financing security hasbecome a solid backing for the company’s rapid development. Especially in times of globaleconomic crisis in2008, the company faced a complex financing environment, the traditionalfinancing channels open at the same time, the constant pursuit of diversification of financingmethods, to provide strong financial support for the project construction, at the same time savea lot of financial cost.On the basis of research at home and abroad financing the development of the mainstream ofHN Power Generation Co., the basic situation and capital needs, analysis of the financingenvironment faced by the HN Company, and combined consider HN Company finance majorproblem put forward a number of countermeasures.In this paper, literature analysis, theory and practice of combining methods, data analysis andresearch, trying to learn from the "Accounting","Financial Management" theoreticalknowledge on the basis of HN Company analysis of the problem of financing, and putsforward some constructive ideas and new perspectives.