Research On Financing Performance Of Risen Energy

When the PV industry is affected by the European debt crisis and anti-dumping and anti-subsidy investigations,Risen Energy Co.speed up the financing behavior,increase the amount of financing from 2011.The negative impact of the crisis in 2015 weakened,the industry as a whole gradually recover,Risen Energy in order to seize the initiative and expansion market,raise the number of financing again,this leads the level of financing in the upper.PV industry has a good economic potential as a new high-tech industry,so companies can grasp the development opportunities after the dilemma,the future development of space is still very impressive.In this paper,set in the PV industry at this stage in the period of low tide to pick up and the company increasing the amount of financing for the development.To describe Risen Energy nearly five years the financing situation analysis.Using the WACC,EPS and ROE to evaluate the financing performance of the Risen Energy.The WACC reflects the performance of the financing process;the EPS and ROE as two classic performance evaluation indicators,use of factor analysis to separate other Factor on the performance of the impact,Equity multiplier and net asset per share as part of the EPS reflects the performance impact of financing,the equity multiplier as part of the ROE reflects the performance impact of financing,which reflects the financing behavior and the resulting financial leverage Performance impact.Then draw a conclusion,that 2013-2015 Financing performance is higher than before.Then,the fuzzy comprehensive evaluation method is used to evaluate the financing efficiency of different financing methods,in terms of financing cost,financing risk,financing subject degree of freedom,fund utilization rate and the degree of financing mechanism regulation,and to explain the improvement of financing performance The results show that the financing efficiency order of the different financing modes is the same as that of the optimal financing theory,and the financing performance is higher when the corporate financing mode is closer to the optimal financing structure.Finally,combined with the industry background and the above comprehensive analysis of the results of optimization strategies,including enterprises should continue to strengthen the financing structure optimization,broaden the financing channels and minimize the cost of financing,the future of Risen Energy and even the overall development of the PV industry financing decisions are certain learn from meaning.The main contribution of this paper is to evaluate the financing performance ofindividual enterprises in a number of ways.In addition to using the WACC to evaluate the financing process,the factor analysis is used to separate the other factors from EPS and ROE.To evaluate the impact of financing on performance alone,so that the results more scientific.After the analysis,the fuzzy comprehensive evaluation is used as the auxiliary evaluation after evaluating the financing performance,and the financing efficiency of different financing modes is used to explain the reasons of the financing performance change as the source of the financing decision.