| In recent years,the production scale and industrial level of animal husbandry enterprises have been developing continuously with the economic development and the improvement of residents’ income level,and the output has been increasingly concentrated in the hands of several leading enterprises including Mukihara Stock.But,as a result of animal husbandry and aquaculture are susceptible to national policy,market environment and the influence of the pig cycle,thus the production and business operation activities has great uncertainty and risk,to raise more prominent in the position in the production and operation,it can become a business can be sustained and steady development plays a decisive factor.This paper takes Makihara stock as the research object,analyzes and combs the theories related to financing at home and abroad.Firstly,it introduces the industry background,industry characteristics and financing environment.On the basis of collecting muyuan Stock financial statement data and company announcement,it analyzes the current situation of muyuan stock financing combination through the internal and external financing situation of Muyuan Stock.Since 2020,the priest of the original shares growing enterprise scale,capital requirements,appear the phenomenon of "combination" deposit and its USES is the loan amount is small and more "small step run" short-term bond with the combination of long-term bond financing combination way,which mainly small-scale short-term debt frequently "rolling" type to issue bonds and to repay the debt.After a comprehensive analysis of the financial situation of Muyuan Stock and the comparison of financing risks of enterprises in the same industry,the following problems are pointed out according to the optimization principle: first,unreasonable debt structure and heavy financial burden;Second,the strategy of financing portfolio is radical and the risk of insolvency is large.Third,single financing method and insufficient use of capital market;Fourth,the stability of funding sources is weak,and the financing needs cannot be accurately matched.In order to avoid risks,maintain competitive advantages and achieve strategic goals,Muyuan Stock should optimize the design of financing portfolio,including adjusting capital structure,promoting steady development,improving financing channels and strengthening financial risk control.In order to ensure that the financing mix is further optimized,the following measures should be taken: maintain the stable development of main business,maintain the stable source of funds,strengthen industrial layout and planning,improve the financing management system.This paper has certain practical significance and practical value for guiding muyuan stock and other animal husbandry enterprises to make scientific financing plan and avoid various risks by studying the financing combination of muyuan stock. |