江湖汽车股份公司融资现状问题及对策研究.docxVIP

PAGE PAGE 9 江淮汽车股份公司融资现状、问题及对策研究 摘 要 公司上市的最主要目的就是为了融资，我国的资本市场起步比较晚，企业选择的融资方式一般有发行股票、银行借款、政府补贴、发行债券等进行融资，我国大多数企业偏好于股权融资。本文以国内外融资理论为基础，分析了企业的融资特点，重点介绍了内源性融资和外源性融资。关注国有企业的融资需求，以具有代表性的安徽省江淮汽车股份公司为例，通过对江淮汽车2016年--2018年的融资来源和期限、融资规模及融资结构的详细研究，发现江淮汽车融资存在内源性融资严重缺乏、融资结构不合理、过度依赖外源性融资、融资渠道过于单一等问题，深入探讨其原因，提出合理规划资金用途，增加内源性融资、改善企业融资结构、规范企业融资制度，拓宽新型融资渠道等解决对策。希望通过对江淮汽车融资问题的研究，为企业管理者融资决策提供参考，为国有企业的发展提出建议。 关 键 词：江淮汽车；内源性融资；外源性融资；对策；启示 Research on the Current Situation, Problems and Countermeasures of Jianghuai Automobile CO.,LTD Abstract Financing?is?an?important?purpose?of?a?companys?listing.?Chinas?capital?market?started?late.?Generally,?companies?choose?financing?methods?by?issuing?bonds,?bank?loans,?government?subsidies,?and?company?listings.?Chinese?enterprises?obviously?prefer?equity?financing.?Based?on?domestic?and?foreign?financing?theories,?this?article?anal yzes?the?financing?characteristics?of?Chinas?state-owned?enterprises,?focusing?on?equi ty?financing?and?debt?financing.?Concerned?about?the?financing?needs?of?state-owned enterprise taking the representative Anhui Jianghuai Automobile Co., Ltd. as an example, through a detailed study of the financing situation and financing structure of Jianghuai Automobile in recent years, it has been found that there is a serious lack of internal financing and a financing structure for Jianghuai Automobile financing, such as serious lack of internal financing, irrational, over-reliance on indirect financing, too single financing channels, etc., and the reasons are discussed in depth, This paper puts forward some countermeasures, such as optimizing corporate debt repayment ability, increasing long-term liabilities, continuing equity financing, improving corporate financing structure, preventing subsidy decline risks, and expanding new financing channels, etc. solutions. It is hoped that through the research of JAC financing issues, it will provide reference for corporate managers financing decisions and make sugge