Evaluation Study On The Efficiency Of Titan Wind Energy’s Financing

In the process of China’s rapid economic development,the problem of over-dependence on traditional energy sources is gradually exposed.The contradiction between green development and traditional energy sources needs to be improved.The goal of "carbon neutrality" has provided a direction for energy structure adjustment.Wind energy,as one of the clean renewable energy sources,provides a strong guarantee for achieving the double carbon goal.At present,China’s wind power industry has taken shape and achieved good development,but in the process of technology research and development and project engineering construction,because it is a capital-intensive industry,the initial need for a large amount of capital injection,while the enterprise itself is difficult to meet,so the financing problem has become a roadblock in the development of wind power equipment enterprises.Among them,the high cost of financing,financing channels less,into the operation of funds is not as reasonable and other problems are common,which also directly restrains the development of wind power equipment enterprises.Therefore,it is urgent to solve the problem of wind power equipment enterprise financing efficiency.This paper takes the financing efficiency of A-share listed wind power equipment companies as an entry point and selects the industry leader Titan Wind Energy for a case study.By analyzing the financing efficiency of listed wind power equipment companies in depth,we identify the problems of the case companies and put forward targeted suggestions,so as to provide reference for the whole industry to solve the financing problem.This paper firstly composes and summarizes the existing research results on financing efficiency.Secondly,the current financing situation of wind power equipment industry is analyzed from the supply-demand level,and the operation status and financial situation of the case company Titan Wind Energy are introduced.Again,based on the DEA-BCC model and Malmquist index,the financing efficiency of Titan Wind Energy and 15 other listed wind power equipment companies in the industry for the five-year period 2017-2021 is measured from both static and dynamic perspectives,and the results are analyzed.The results show that the wind power equipment industry is currently in a period of rapid expansion,but the overall effectiveness of wind power enterprise financing is low,and there is much room for improvement.In addition,Titan Wind Energy was compared with 15 other listed wind power equipment companies to evaluate the overall efficiency of financing for the case companies.Combining the description of the current financing situation of Titan Wind Energy and the overall evaluation of financing efficiency,we analyze the causes of the current low financing efficiency of Titan Wind Energy and propose corresponding financing optimization measures.