China’s small and medium-sized enterprises can quickly respond to the challenges of various markets due to their own flexibility and local conditions.Compared with the dominance of large enterprises in the market,they also have a unique place.Due to multiple market factors;Policy support is less than expected;Due to their lack of experience,enterprises will face problems such as lack of funds and financing difficulties in the process of development,which will not only have a significant impact on the innovation and R&D,transformation of R&D achievements and industrial optimization of small and medium-sized enterprises,but also hinder the rapid development of small and medium-sized enterprises in China.M company is a company specializing in lead,zinc and alloy products and comprehensive recovery of copper,gold,silver,bismuth,cadmium,indium,tellurium and other rare and precious metals and sulfuric acid.It is mainly engaged in the smelting and processing of non-ferrous metals.According to the national requirements for the location of comprehensive recycling smelting enterprises,the company has decided to build rare and precious metal recycling projects in the designated area of Y City Industrial Park according to the operation situation and market survey over the years.By analyzing the operation,financing status and financing problems of M company,this paper discusses the feasible financing methods of M company,analyzes the financing strategies suitable for M company,and hopes to formulate a financing strategy suitable for the strategic development of M company,so as to broaden the financing channels,reduce the financing cost,reasonably plan the capital structure and make M company further develop and grow.For the financing decision of M company’s rare and precious metal recovery project,firstly,using the method of literature,this paper analyzes the financing situation of China’s small and medium-sized enterprises and the main reasons for the current financing difficulties of small and medium-sized enterprises.Secondly,using the method of case study and interview,this paper evaluates the current operation and financing situation of M company,and discusses the financing mode suitable for M company.Finally,through the factors affecting the financing decision-making of M company,this paper constructs the AHP analytic hierarchy process model,and analyzes the most suitable financing mode for M company through the recovered questionnaire.Through the above research,this paper comes to one of the effective ways to solve the financing difficulties of M company-private equity financing.This method not only solves the current capital shortage problem of M company,but also expands financing channels,reduces financing costs,rational capital allocation and speeds up the development of M company. |