YY集团精细化工及配套工程项目融资问题研究

发布时间：2017-12-27 15:14

本文关键词：YY集团精细化工及配套工程项目融资问题研究　出处：《兰州交通大学》2014年硕士论文　论文类型：学位论文

【摘要】：近年来,随着我国经济的蓬勃发展以及工业水平的不断提高,各行业对基础化工产品的需求不断攀升。本文所研究的项目建设和投产,有利于充分发展YY公司一期氯碱项目,利用先进的技术水平生产市场急缺的氯化亚砜产品,对发展我国的氯碱化工产业以及提升氯碱化工产业的技术可以起到积极的助推作用,也是YY集团提升企业经济效益及核心竞争力和多方位增强抗风险能力、坚持可持续发展战略的重大举措。因此,对YY集团的融资存在的问题进行深入的探究,有助于提高企业的经济运营效率,避免各种在项目融资中可能出现的经济、政治等风险,最终提升集团的综合实力。论文首先叙述了研究背景、研究意义、研究方法和主要创新点及不足之处,对已有的国内外相关研究文献进行了梳理归纳,从而为后续研究奠定了理论基础。其次,对我国项目融资情况进行了较全面的分析。通过对关于项目融资的不同定义的归纳,厘清了项目融资的基本概念。就项目融资与传统融资方式进行了综合比较,指出了项目融资的优点和不足,并总结了项目融资的几种主要模式。进一步地,从项目特征、项目发起人背景、项目融资环境、国家投资政策和融资渠道及方式等方面分析了我国项目融资的主要影响因素。阐述了我国项目融资存在的主要问题,集中表现在融资资金结构、融资担保和融资风险等几个方面。再次,本文基于项目融资的基本相关理论,描述了YY集团和其项目的概况,结合YY集团精细化工和配套工程的项目特点和已有融资的实际情况,估算了项目总投资,并在此基础上提出了初步的设计方案。然后就融资模式、资金构成、预计的投资回收期、内部收益率等问题对该项目的融资方案进行了详细研究。总结了经过初步设计的YY集团融资方案中存在的不足之处,例如融资结构不平衡,项目发起人较为单一,融资担保不可靠等,也指出了一些项目融资可能面临的潜在风险。然后,论文在系统分析了众多国内外企业项目融资成功案例的基础上总结了许多成功经验,为YY集团改进融资方案提供参考。具体融资策略包括:引入其他发起人,降低融资负担;融资方式多样化,使资金结构更合理;改善融资担保模式,减轻公司担保责任;加强项目融资的风险控制。最后,为了更好地解决YY集团项目融资的问题,本文通过借鉴国内外优秀企业成功融资的经验,并结合项目的实际情况提出了YY集团精细化工及配套工程项目融资方案实施的保障措施和其它对策建议。本研究对同类企业的项目融资有一定的启示意义。
[Abstract]:In recent years, with the rapid development of China's economy and the continuous improvement of the industrial level, the demand for basic chemical products in various industries is increasing. This paper studies the project construction and operation, is conducive to the full development of YY company a chlor alkali project, using advanced production technology market shortage of thionyl chloride products, the development of China's chlor alkali chemical industry and upgrading the chlor alkali chemical industry technology can play a positive role, but also enhance the enterprise economic YY group the benefit and the core competitiveness and enhance comprehensive major initiatives in anti risk ability, adhere to the strategy of sustainable development. Therefore, in-depth exploration of the financing problems of YY group helps to improve the economic operation efficiency of enterprises, avoid all kinds of economic and political risks that may arise in project financing, and ultimately enhance the comprehensive strength of the group. This paper first describes the research background, research significance, research methods, main innovations and shortcomings, and summarizes the existing research literatures both at home and abroad, so as to lay a theoretical foundation for further research. Secondly, this paper makes a comprehensive analysis of the situation of project financing in China. Through the induction of different definitions of project financing, the basic concept of project financing is clarified. This paper makes a comprehensive comparison between project financing and traditional financing methods, points out the advantages and disadvantages of project financing, and summarizes several main modes of project financing. Further, from the aspects of project characteristics, project sponsor background, project financing environment, national investment policy and financing channels and ways, the main influencing factors of project financing in China are analyzed. This paper expounds the main problems of project financing in China, and focuses on the financing structure, financing guarantee and financing risk. Again, the basic theory of project financing based on the description of the general situation of YY group and its project, combined with the characteristics of the project YY group fine chemical industry and supporting the project and the actual existing financing situation, estimated total investment of the project, and put forward the preliminary design scheme. Then the financing scheme, the capital structure, the expected investment recovery period, the internal rate of return and other issues are studied in detail. The shortcomings of YY group financing scheme after preliminary design are summarized. For example, the financing structure is not balanced, the project sponsor is single, and the financing guarantee is not reliable. It also points out some potential risks that some project financing faces. Then, based on a systematic analysis of many successful cases of project financing at home and abroad, the paper summarizes many successful experiences, and provides reference for YY group to improve its financing plan. Specific financing strategies include introducing other promoters, reducing financing burden, diversifying financing ways, making capital structure more reasonable, improving financing guarantee mode, reducing company's liability for guarantee, and strengthening risk control of project financing. Finally, in order to solve the problem of the project financing of YY group, the successful financing of domestic and foreign enterprises experience, combined with the actual situation of the project implementation of the proposed YY group fine chemical industry and supporting engineering project financing scheme of safeguard measures and other countermeasures. This study has some implications for the project financing of similar enterprises.
【学位授予单位】：兰州交通大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F406.7;F426.7

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