Research On Working Capital Management Of Shandong Hongchang Road And Bridge Engineering Co.ltd

In recent years, China's highway construction industry goes a fast-growing "golden period". At the same time, rapid change in the market is also occurring, and the competition is becoming increasingly fierce. Facing opportunities and challenges, the contradictions and problems of capital management of Shandong Hongchang Road and Bridge Engineering Co.ltd is increasingly exposed. In the enterprise's funds management, working capital is the fastest-changing and most revolving funds. Hongchang's survival and development depends largely on the management and functioning of the working capital. Taking effective measures to strengthen the company's working capital management is imperative.This article is in accordance with the research approach of questions-asking, problems-analyzing, researching, problem-solving to give in-depth discussion and analysis of the working capital management issues of Shandong Hongchang Road and Bridge Engineering Co.ltd. Firstly, reviewing the research situation of the working capital management at home and abroad and analyzing the recent situation of the company's working capital management on the basis of concluding the basic theory of working capital management in financial management to find out the problems in the management of working capital and analyze its causes. Then, around these causes and on the premise of giving full consideration to the financial security, meeting the needs of the liquidity of production and management activities and ensuring the full mobility of enterprise funds and identifying the specific measures to strengthen the working capital management of Hongchang.The purpose of this research is designed to find the specific measures for enhancing the management of working capital for Hongchang Co.ltd, which can speed up the turnover rate of working capital and strive to achieve the sustained, stable cash flow and strive to maximize efficiency as much as possible and reduce financial risk. This will make a great contribution to increase the company's competitive strengths and have great practical significance to ensure the long-term development of Hongchang Co.ltd. Also this paper can supply referring significance for some other company's working capital management.