The Shenyang Heike Machinery Co., Ltd.Financing Research

With the development of the market economy in China, the proportion of SME in the national economy increased year by year. SME in the promotion of economic activity and a large contribution to employment, the community has been generally recognized. However, the SME business is suffering from troubled financial bottlenecks for a long time, which seriously affects the quality and level of their survival and development. Business, government and academia attaches great importance to the financing problems of SME. Currently, due to small-scale, low credit rating, unpublic internal information, unscientific financing decision, and the poor awareness of risk control, coupled with China’s capital market and the credit guarantee system is still not perfect, Shenyang Heike Machinery Co., Ltd. has few alternative financing method can be choose.A lot of research on innovative financing methods in recent years, provide new ideas to solve the financing problems of SMEs. The receivables financing methods for solving the financing problems like Shenyang Heike Machinery Co., Ltd. machinery manufacturing enterprises provide a great help. Effective internal financing arrangements provide benefits for employees and enhance the cohesion of the enterprise, meanwhile adjust the company’s capital structure. Finance leases circumvent the limit of the bank guarantee of long-term borrowings, and provide the necessary long-term capital for businesses to expand and develop. Each financing method has its different financing cost and financial risk. The problem to be solved in this article is to analysis of the company’s existing financing condition, then tries to form a financing package, lower financial costs and lower financial risk, heighten expected rate of return.This paper uses comparative analysis, combining theory with practice, with the basis of Finance theory such financing structure, financing costs and financing risks, and analyzes financing problems at the theoretical level. The article analysis the company’s financing status. Through a comprehensive understanding of the characteristics and problems, the advantage and predicament of the company’s financing, this paper analyzes and forecasts of the company’s financing needs. Combined with financing needs, in the principle of income risk, lowest-cost, the reasonable financing structure and operability, rich company financing modes design and evaluate each one. Finally, analysis of each mode of financing from two angles of the financing costs and financial risks optimize and construct a reasonable financing options.In summary, By study Machinery Co., Ltd. Shenyang Heike financing, this paper will try to design a more appropriate financing program, which can provide the financial support necessity for the company to operate and expand development, and reduce the costs and risks in the financing process, convert the company from the high-risk growth mode to solid growth mode.