Research On Optimization And Implementation Of Financing Plans Of Project A Of Conmany S

With the "Made in China 2025" strategy put forward,China has vigorously developed the manufacturing industry and increased support for high-end manufacturing industries.As a state-owned railway equipment manufacturing company,S Company is facing huge opportunities and challenges.As the beginning of the project,how to raise the funds needed by the project in a timely and full manner at a lower capital cost is of vital importance to the project and the company’s development.With the reform and development of the national economy,financing channels and methods have become increasingly rich.Each financing channel has advantages and disadvantages and risks.Therefore,based on company’s financial situation and funding needs,it will optimize the financing options and avoid financing risks.Research has important practical significance.This paper first reviews related theories of financing,such as MM theory,agency theory,and pecking order theory;introduces financing channels and methods,mainly equity financing,debt financing,and hybrid financing;reviews related theories and calculation methods of capital costs.Secondly,sort out the company’s financial situation from 2016 to 2018,and analyze the company’s solvency,operating ability and profitability according to the company’s financial statements.The company’s financial and operating conditions directly affect the scope of the company’s optional financing methods;according to the project cost budget predicts the demand for project financing funds and analyzes the current financing plan.The financing channel is too single,the capital cost is too high,and the capital structure is unreasonable.Therefore,the financing plan needs to be optimized.Thirdly,select the financing channels and methods available to the company from many financing channels,analyze their advantages and disadvantages,calculate the financing costs of each channel,and then propose multiple financing portfolio solutions,determine the criteria for selecting financing solutions,and make a decision on the best financing plan,and analyze the possibility of final financing plan implementation.Finally,the implementation of the financing plan needs to be matched and coordinated with the construction progress of the project.According to the Gantt chart of the construction progress of the project,arrange the financing progress,and elaborate the specific implementation steps of the financing plan based on the actual situation of the project;predict the implementation risks of the financing plan,and formulate risk avoidance measures.