Research On Financing Cost Control Of HL Real Estate Enterprises

As an important part of China’s economy,the real estate industry has improved people’s lives,promoted the process of urbanization,promoted the common development of upstream and downstream industries,and played a huge role in promoting GDP growth.However,due to the characteristics of long cycle,solid product and intensive capital operation,real estate development enterprises need a lot of sufficient and stable capital.In recent years,the state has issued a series of regulatory policies and financial policies to reduce the real estate bubble,restrict the inflow of funds from the development of loans,and tighten the financing channels.There are many problems in financing costs,which aggravate the contradiction between supply and demand of enterprises,and seriously threaten the development of Housing enterprises themselves.According to the data,leading and state-owned real estate enterprises can easily obtain low-cost financing inflow.However,for some private real estate enterprises with poor qualification background,there are many restrictions in all aspects,and the financing cost is significantly increased.Based on the theory of financing cost control,this paper mainly adopts the following analysis methods: case analysis,comparative study and financial analysis.Firstly,this paper selects HL Company as a case study,and expounds the problems existing in the current financing cost control of HL Company through the basic situation of HL Company and the financing cost management means at this stage.By using the qualitative and quantitative methods,through the specific proportion and numerical comparison,this paper selects Vanke,a leading enterprise in the industry,to compare with HL Company.Combined with the current financing cost control means of HL Company,this paper puts forward the problems existing in the financing cost control of HL Company: the real estate enterprise has a high proportion of creditor’s rights and loans,and other off balance sheet financing methods are insufficient,and there is a single financing combination The results show that the whole business departments are not closely connected,the mechanism is not mature,and the cost accounting control is not reasonable;the short-term debt of enterprises is more,and the long-term debt is insufficient,and the ratio of the two is unreasonable.Then combined with the deficiencies of HL Company’s financing cost control,this paper further studies the financing channels,capital structure and internal governance key points in the process of financing cost control.Finally,the paper puts forward some feasible suggestions and measures for HL Company in terms of financing cost control and the actual situation of the company.The first is to enhance theenterprise profitability and improve the internal capital.At the same time,the diversified combination of debt and equity financing can improve the situation of single financing portfolio.The second is to enhance the quality of personnel and internal control of the company Cost management,the third is to improve the debt structure of HL Company by increasing the holding of long-term debt and paying more attention to the debt repayment period.This paper selects HL real estate as an example,as a typical small and medium-sized private real estate enterprise,on the one hand,it is suffering from a high financing cost dilemma,and on the other hand,it has a rapid development strategy,which is typical in the real estate enterprises at this stage,and has a certain practical significance for the control and analysis of its financing cost.Not only that,this study also has a certain demonstration for peers And reference function.