Research On Optimization Of Financing Method Of D Group

In modern society,the rapid economic growth has led to the continuous expansion and deepening of the reform of state-owned enterprises.It is of great importance for state-owned enterprises to provide solid cash flow guarantee for themselves by optimizing financing methods and financing structures.Is practical perspective,however,at present our country state-owned enterprise financing management level is still in the middle stage of development,the state-owned enterprises how to give full play to its own enterprise advantage,in the business development strategy,to development and innovation of financing ways and channels,to optimize their financing structure and the financing risk prevention and control,to the related cost intensive,And in the development process of their own management to reserve a solid capital foundation,become enterprises have to seriously and carefully consider the problem.D Group is a large state-owned conglomerate with power and coal as its core.In this article,through the in-depth study of D group,the group’s operating conditions,such as basic situation were introduced briefly,multi-faceted,multi-dimensional manner from D group’s debt paying ability,operation ability,profitability and development ability of the financial indicators,to its existing financing mode of financing analyzed combing the current situation and financing problems,found that the existence of the financing way is not rich,It is highly dependent on bank financing and attaches great importance to external financing.The utilization degree of internal financing is not high,the financing utilization level is low,and the overall financing cost is high.Moreover,the current financing structure has certain limitations,which easily leads to certain debt risks and financial crisis.Scientific financing methods and reasonable financing structure are the solid guarantee for D Group to achieve its financing objectives,meet its financing needs,improve financing efficiency,optimize its capital structure and its overall development.Therefore,D Group needs to optimize its current financing methods.Based on the financing purposes,principles and actual situation of Group D,this paper first uses the sales percentage method to predict its financing demand,and summarizes five financing methods that can be used as alternatives,including bank financing,equity financing,bond financing,financial leasing,and internal financing.Then use analytic hierarchy process(ahp),and constructs a model of judgment matrix D group financing choice,based on the rule layer index weight and total weight sorting mode of financing,financing ways,determine the choice of the financing order,that is the preferred way of financing of bond financing and bank financing,followed by financing lease and endogenous financing,finally to equity financing.This paper provides relevant supporting measures for the implementation of group D’s financing method optimization plan.First,from the aspect of financial security,deepen the construction of financial management system and establish a scientific financing decision-making management system.Second,from the system guarantee aspect,vigorously promote the strengthening of the internal control system construction,to improve and innovate the budget management mechanism;Third,in terms of human resources,formulate scientific and reasonable human resources strategies and build professional financing teams.The research of this paper is of practical significance to D Group and other large state-owned electric power and coal enterprises to choose financing methods.