Research On The Financing Scheme Design Of ZT Company During The Period Of Strategic Transformation

Small and medium-sized enterprises(SMEs)play a more and more important role in China's economic production,especially the emergence of high-tech enterprises which promotes economic development.SMEs play a very important role in meeting the needs of society,increasing employment,promoting scientific and technological innovation and local development,stabilizing society and so on.However,compared with their economic contribution,the small and medium-sized enterprises can only obtain about only 20%in the whole financing scale.Financing difficulties and high cost of financing has become an obstacle to many SMEs,which cannot be ignored in the production process..How to help small and medium-sized enterprises to solve the problem of financing difficulties and unreasonable financing structure is currently a topic widely discussed in the academic community,and also is the core theme of this study.Based on the analysis of the current financing theory,combining with the current situation and the environment of ZT company,this thesis uses quantitative and qualitative analysis method to design a financing plan for the company's future development.First of all,in this thesis,the basic theory of financing is reviewed in detail.According to the enterprise's life cycle theory and MM theory,this thesis analyzes the financing situation of different stages of the development of the enterprise and explores the impact of the industry model on financing combined with the characteristics of the steels structure industry.Secondly,according to the present situation of the development of ZT company,this thesis analyzes the ZT company's financial and capital shortage,and explores the problems existing in the current financing of the company.Combined with the company's development strategy,this study analyzes the company's credit requirement during the transition period,and discusses the shortage of liquidity in the enterprise.Finally,according to the development requirements of the company's strategic transformation,the thesis designs the financing objectives and financing solutions that meet the company's development requirements.In order to protect the company's implementation of the financing plan,the company should establish financial risk early warning mechanism,enhance their own R&D capabilities and build a good brand.The company should develop ideas in the choice of financing channels,strengthen with various financial institutions.Combined with the enterprise life cycle theory,the author puts forward the company should choose different financing strategies and cooperation partners in different development period.To sum up,the thesis combines the capital structure theory,enterprise life cycle theory,financial risk and other related theories,and then designs the financing strategy according to the actual situation of the case company.The aim of this thesis is to study how to solve the financing difficulties for the high-tech SMEs in the steel industry the process of development and transformation.