A Research On The Financial Effect Of The Issuance Of Convertible Bonds By H Company

As the development of China' s financial markets has become more sophisticated and the types of funding instruments have become more abundant,a new type of financing tool-a convertible corporate bond that mixes the characteristics of stocks and the characteristics of bonds-has gradually come into the eyes of investors and has received increasing public attention.Convertible corporate bonds,referred to as convertible bonds,have accelerated the development of diversified financing of listed companies in China."H Company" is a representative listed company in China's construction industry.It is of great value to conduct in-depth analysis of the entire process of issuance of convertible bonds,from preliminary market research to issuance preparation,review,and successful sale.And then continue to the period after the conversion period after the offering,analyze and explore the impact of the sale of the convertible bonds on the company's financial effects,and propose solutions and countermeasures for the future release of listed companies in the construction engineering industry.The convertible bonds provide some references.In the analysis process of the target case,the research methods used are:comparative research method,ratio analysis method,chart analysis and analysis,etc.From the rationality of capital structure,debt repayment ability and profitability,we deeply analyze the financial management efficiency and financial performance analysis.And analyze the company's stock transfer situation.Then came to the conclusion:After the issuance of convertible bonds,H company expanded its asset scale,increased its cost,increased the value of its liabilities index,lowered its solvency level,and failed to increase its profitability in the short term.The issuance of convertible bond financing has not had a positive impact on the financial position of the company in the short term,but the financial structure has been improved to a certain degree,which has enabled the company to obtain a sustainable financial foundation.China's decoration-listed companies will not only consider financing costs,but also pay attention to changes in corporate financial evaluation indicator data and analyze changes in the company's financial status.At the same time,it should also pay attention to whether the company's business management and business innovation follow,pay attention to the healthy development of the main business,and achieve strategic goals.