The Study Of The Influence Of The Change Of The Structure Of The Liabilities Of The Yintai In Beijing On The Profitability Of The Company

The real estate industry plays a decisive role in China's overall economic development.It is a new growth point of the national economy and has an important impact on financial stability and employment promotion.The development of the real estate industry has a significant positive impact on the growth of GDP,and has a tremendous role in promoting the development of our national economy.However,while the real estate industry promotes GDP growth,it also brings about continuous growth in housing prices.To this end,the state has to issue a series of macro-control policies aimed at the real estate industry.In recent years,the national regulation and control policies have been gradually tightened,and the consumer's concept of buying houses has gradually been rationalized.The real estate industry has no choice but to end the era of huge profits.Under such economic environment and demand state,how to improve the profitability of the enterprise itself is currently the most urgent task of the real estate enterprise.Compared with other industries,the real estate industry is a capital-intensive industry.It has a great demand for capital and a high degree of dependence.Production and operation mainly rely on debt financing to obtain sufficient financial support.Therefore,high asset-liability ratio is a common feature of real estate companies.How to control the overall debt level and adjust the debt structure is very important to its development,and the rationality of the debt structure will also affect the profitability of the enterprise to a certain extent.This article first summarizes the domestic and foreign research literature on debt structure and profitability.According to the debt-related theory,the mechanism of the influence of corporate debt structure on its profitability is expounded.From the multi-angle classification of debt structure,in-depth study of the impact of the real estate industry's debt structure on its profitability,the following results are obtained: the listed company's asset-liability ratio,current debt ratio,and bank loan ratio are all negative to profitability Correlation,commercial credit ratio and bond financing ratio are positively correlated with profitability.On this basis,further analysis of the current status of the debt structure and profitability of real estate companies and Beijing Investment Development,from the perspective of the overall level of debt structure,debt maturity structure,debt source structure,the current situation of the real estate industry and Beijing Investment Development ' s debt structure Comparative analysis,research casecompanies and the real estate industry have the same points and differences in the debt structure and profitability under the policy background of the year;and the profitability of Beijing Investment Development is comparatively analyzed based on the profitability influencing factor model of the change in debt structure.Then on this basis,I found problems in the development of Beijing Investment's debt structure and profitability.Analyze the distribution of debt structure suitable for the development of Beijing Investment.According to the case analysis of Beijing Investment Development,it proposes countermeasures to improve the debt structure and profitability of real estate companies from both the government and industry levels.