Research On Finance Management Of The Project Of Production Base Of Z Solar Cells

In recent years, with the problems of energy shortage, environmental pollution is becoming more and more serious, the solar cell to obtain the good development opportunity because of its clean, renewable, the developed countries are formulating photovoltaic encouraging policies and the huge PV project, the battery industry has created a huge market for solar energy. Fueled by the international market, the solar cell industry in China at the same time also appeared in the rapid growth, in2011China’s solar cell manufacturer’s global market share, from20%in2010up to35%in2011, the solar cell production has exceeded2000MW, after2007continued to keep the first position in the global market share of, our country has become one of the world’s most important solar photovoltaic industry base.In this paper, using field investigation method is presented on the construction scheme of Z solar battery production base construction projects from the project background, project construction conditions, the project market demand, from the aspects of project investment estimation, mode and structure and project financing, financing plan has carried on the analysis to the financing mode, the project total investment203.3314million, the annual sales income will is185million, annual sales taxes and additional1.13585million. Production cost of174.29316million. The financial internal rate of return (FIRR) is29.19%, the financial net present value (ic=12%) to22.59111million, the investment recovery period is3.79years (including construction period of1years).Financial evaluation indicates that the project is feasible in economy. Item bank loans to12.13314million by the project annual profits and depreciation charge for repayment, repayment period of loan is5.12years (including the construction period), has certain repayment ability. The conclusion by Break-even analysis and sensitivity analysis is that the project may face some risk, but still has a certain ability to resist risks. The project plan is made of by19.1million for the enterprise investment and the raised,12.13314million for commercial bank loans. The loan interest rate is5.94%.The financing structure is reasonable. Finally, the paper has put forward financing risk and preventive measures including project financing policy risk, market risk and management risk.