The Optimization Design Of Financial Structure To CEC Company Ltd

Small and medium-sized enterprises in China’s national economy is playing an increasingly important role, especially the innovation of small and medium enterprises, more is to become a bright spot in the national economic growth. But the small and medium-sized enterprise can obtain funds with them on national economic development contribution made by comparison, is very asymmetric, to account for only twenty percent of all financial resources. Our country small and medium-sized enterprise in equity financing or debt financing are facing greater difficulties, the innovation, new product research and development to promote. How to solve the financing, financing structure is irrational the growing small and medium sized enterprises must solve serious problem, is the core content of this paper.Based on the enterprise financing in terms of the classical theory and the small and medium-sized enterprise development stage theory as the basis, to the CEC single financing structure this paper analyzes the present situation of financing structure of enterprises, have resulted in the development of the shackles are discussed, and based on this, proposed CEC corporation financing structure optimization program. This article first elaborated the financing structure of the definition and connotation of, and MM theory as the representative of the domestic and foreign financing structure theory are reviewed, and then further discusses the innovative small and medium enterprise financing demand of level sex characteristic, proposals forfinancing design basis. Then, this paper takes CEC company as an example, a detailed analysis of its business in the early stage of only relying on their own accumulated slowly developing deep reasons, to explore the cause of its financing, financing structure is irrational the realistic background, points out that private equity financing is the stage of expanding financing scale, improve the financing structure of the few available financing form of. Finally, this paper proposes CEC company financing structure optimization program and implementation strategy, the scheme in two steps, i.e. the first step and the second step of compound financing risk financing. The first step is introduced through the private equity funds to quickly expand the financing of the company scale, the second step by adjusting the proportion of debt and equity financing, financing in the further expansion of scale and optimize the financing structure, realize the company as soon as possible to grow, to achieve the long-term goal for overseas listing.In this paper, based on the CEC company’s actual case analysis of the innovation of small and medium enterprises in the growth stage of financing structure optimization strategy, points out that private equity financing and financing proportion design in which an important role. The proposed method is more number of cases, for China’s vast number of SMEs from financing, financing structure is irrational the plight of the beneficial exploration.