The Funding Decision-Making Of Liaoning Kangping Jinshan Wind Power Generation Co.,Ltd.

Under the background of energy shortage and serious environmental problems,the new energy industry has become one of the most potential industries in the contemporary era,and it is also one of the emerging industries strongly supported by the state.As a new industry,one of the most important tasks in the business development of wind power enterprises is how to maintain the normal turnover of funds and how to raise funds scientifically.Therefore,it is necessary for wind power enterprises to make scientific analysis of capital structure,external environment and capital demand for scientific financing decision.Based on the related theories and the analysis of the current situation of KPJS wind power company,this paper calculates the cost of different financing methods by using the revised percentage method and the discount capital cost rate formula,so as to provide suggestions for KPJS wind power company’s financing decisions.This article is divided into five parts.The first part mainly expounds the research background,purpose and significance,research methods and structure of the article,which shows that this paper has certain theoretical and practical significance.The second part is the literature review.It mainly sorts out and classifies the existing researches on capital structure,capital cost,capital demand and financing way both at home and abroad,and revisions the percentage of sales method,which lays a foundation for the analysis of later articles.The third part mainly analyzes the current situation of enterprises,including the general situation of enterprises,the environmental analysis of enterprises,the structure of corporate financing and the analysis of debt structure,and calculates the capital cost of existing financing ways of enterprises.The fourth part expounds the analysis of the financing decision of the enterprise.According to the financial report of the final final accounts of the enterprise,the capital demand of the enterprise is calculated by using the revised sales percentage method.By screening selected loans and leases in the leaseback way to different ways of financing for financing.Then we assume that the ratio of loan interest rate,service fee and consultation fee must be calculated by using the discount capital cost rate formula,which can make up for the two kinds of circumstances of short term fund gap and long term capital gap,and the average cost of capital of two kinds of loans.By comparing the cost of this financing,the way of financing is chosen.The fifth part draws the conclusion according to the analysis of the first four parts,and puts forward some suggestions for the enterprises to improve the status quo,and expounds the defects and shortcomings of this article.This paper analyses the capital structure of the enterprise and calculates the demand of the capital by combining the case of the enterprise.Based on the above two factors,combined with the cost comparison of enterprises,the optimal financing decision is made under different circumstances.That is to make up for the short term capital gap through bank loans,and to make up for the long-term funding gap through financial leasing.It also puts forward some suggestions to improve the current situation of enterprises:to improve the enterprise debt structure and to improve the operating capacity and profitability of the enterprises.