Study On Structure Optimization Of Investment Of Yunnan City Investment Corporation

Whether for the country or region,the housing industry has a great impact on economic growth,and whether housing industry develops continually and positivelyplays an important role in the regional economy and effectively improves the people's living.At present,the domestic policy regulation on the industry has changed one after another,the formation of large-scale of the enterprises in this industry through financing is related to the development and survival of the enterprise itself.Based on the current domestic market environment,how to be able to occupy a place in this increasingly fierce background is a profound proposition that all real estate enterprises face.They must make scientific improvements to the extensive models of the past,further increase the efficiency of the actual use of capital in enterprises,further increase the benefits of allocation,and finance in a manner consistent with enterprise and social policies,as well as further improve their own capital structure to achieve the development goals of enterprises,and as the goal is achieved,the financing situation will be improved inevitably,and the financing level of enterprises will increase too.On the basis of the combination of the existing capital structure theory and case study,the capital structure of listed real estate companies in China has been introduced first,and then the causes of the existing problems are analyzed.Then the present situation of the capital structure of Yunnan City Investment Corporation is analyzed to find out the existing problems in its capital structure and the reasons of the existing problems also have been analyzed,and different financing channels which have an impact on the financial indicators of the company are also found,which finally has an effect on the capital structure of the company,as well as the profitability,long-term development and the maximization of the value of the company.Finally,the optimization scheme is proposed.The study of the capital structure of Yunnan City Investment Corporation can provide reference for the optimization of the capital structure of the industry,so that the listed real estate companies can achieve the optimization of the capital structure in a more convenient way.This paper is divided into five parts.The first part of this paper isthe introduction,in which the purpose of the topic and the related background are clearly described.And the domestic and overseas researchers based on the capital structure dimension of the relevant achievements are analyzed.The second part is a brief overview of the theories involved,including the analysis and explanation of the relevant theories and the capital structure.The third part analyzes the current situation of the capital structure of Yunnan City Investment Corporation and collates the forming process of its capital structure.The result shows that Yunnan City Investment Corporation has the problem of excessive debt ratio in the capital structure.The fourth part of the article ultimately selects and calculates the optimal capital structure equation of the optimal capital structure of Yunnan City Investment Corporation by taking the actual situation of enterprises into full consideration,and the conclusion that the value of capital structure of 82% Yunnan City Investment Corporation voted to achieve is optimal in accordance with the calculation is made.However,as a company,the "optimization" of its capital structure should be a dynamic range of values,not a fixed value.On the basis of reference to the capital structure of excellent enterprises in the same industry,the article determines the optimal capital structure of Yunnan City Investment Corporation ranges from 72.25% to 82.94%.In the fifth part,the paper puts forward some suggestions on the optimization of the capital structure of Yunnan City Investment Corporation.(1)Expand channels of financing so as to achieve diversified financing,reduce the cost of capital use,and increase the ability of enterprisesin resisting risks.(2)Further optimize debt structure,improve current debt,and make full use of the low cost of current debt to improve the profitability of enterprises.(3)Optimize the structure of the company's equity,prevent the major shareholders from encroaching on the assets of the company,infringe on the interests of the minority shareholders and attract other strategic investors to help the company develop in the long run.(4)Identify strategies to improve profitability and improve the efficiency of the use of funds,strengthen profitability,strengthen the management of inventory volume and accelerate the collection of accounts receivable.After the optimization of the capital structure,the company needs to pay more attention to the cash flow,at the same time,the original channels will be further expanded to further increase the financing of the enterprise,and the debt ratio shall be strictly controlled and gradually reduced.Finally,the conclusion shows that the study of capital structure in this paper has a certain guiding role in practice as it can provide practical reference for Yunnan City Investment Corporation t to carry out effective capital structure optimization,therefore,it has a certain significance of practical guiding.