Financing Analysis Of "JZ Energy"

China is in the stage of industrialization development,and its energy structure is dominated by coal.Natural gas is a globally recognized clean energy with huge energy release,which plays an indelible role in improving the environment.Global climate change and the implementation of China's "coal to gas" policy have led to a substantial increase in natural gas demand,creating opportunities for the development of natural gas and LNG industries.The LNG gasification equipment is acquired through the mode of financial leasing,which contributes to the development of LNG industry.Financial leasing provides a brand-new financing means for companies and government,and it is a new financing mode with great development prospects.Finance leasing started late in China and is still in its infancy,so the research on finance leasing in China is not complete and detailed at present.This paper takes CNOOC JZ Energy Sales Co.,Ltd.(hereinafter referred to as "JZ Energy")as the research object,and takes "theoretical overview-case analysis-cost analysis-comparative analysis" as the main research idea.The main research methods adopted are: literature research method,case analysis method,quantitative analysis method and qualitative analysis.Law.This paper summarizes the characteristics and models of financial leasing,and compares the advantages of financial leasing and other financing methods.The concept of how to carry out LNG leasing mode for JZ Energy company is put forward.This paper analyses and judges the overall environment for JZ Energy company to carry out financing leasing mode,and calculates the present value of cash flow by using the bank loan mode and financing leasing mode to purchase LNG gasification equipment,compares the two results and draws a conclusion.At last,it concludes the company's future.Proposals for financing lease of LNG gasification equipment are put forward.This paper is mainly divided into five parts,the details are as follows:The first part,introduction,elaborates the research background and significance of the paper,the literature review and literature review of financial leasing research at home and abroad,as well as the research ideas,methods and innovations of this paper.The second part,it outlines the characteristics and modes of financial leasing,and compares financial leasing with other financing modes in order to gain its existing advantages.The third part,taking CNOOC JZ Energy Sales Co.,Ltd.as an example,it introduces the background,operation status and current equipment demand of the enterprise,and puts forward the scheme of LNG gasification equipment financing leasing mode for the enterprise.Through the financial statements of JZ Energy,its profitability,cash flow,solvency and development are introduced.The financial situation of capability is analyzed concretely.The fourth part,through quantitative analysis and cost-present value analysis,it makes financial analysis of LNG gasification equipment purchased by the enterprise using bank loan mode and financing lease mode,compares the present value of cash outflow under the two conditions,and obtains the financing mode that makes the company invest in LNG gasification equipment with relatively low present value of cost.Through qualitative analysis,the differences between the two financing modes are analyzed in detail from three aspects:the pre-financing stage,the financing cost and the diversity of financing modes.The last part,it draws the conclusion of the study,makes a comprehensive evaluation of the financial leasing project and puts forward some suggestions on the possible problems that CNOOC JZ Energy Sales Co.,Ltd.may face in developing the financial leasing model.