本文關(guān)鍵詞：Z市太陽能電池生產(chǎn)基地建設(shè)項目融資管理研究　出處：《中國海洋大學(xué)》2013年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 可行性分析 項目融資 風(fēng)險分析

【摘要】：近年來,隨著能源短缺、環(huán)境污染等問題的日趨嚴(yán)重,太陽能電池因其清潔環(huán)保、可再生的特點獲得了良好的發(fā)展機(jī)遇,各發(fā)達(dá)國家紛紛制定光伏發(fā)電的鼓勵政策和龐大的光伏工程計劃,為太陽能電池產(chǎn)業(yè)創(chuàng)造了巨大的市場空間。受國際市場拉動,我國太陽能電池產(chǎn)業(yè)同期也出現(xiàn)了迅猛增長,2011年我國太陽能電池制造商的全球市場占有率,由2010年的20%增長到2011年的35%,2011年太陽能電池產(chǎn)量已突破2000MW,繼2007年之后繼續(xù)保持全球市場份額第一的地位,我國已經(jīng)成為全球最重要的太陽能光伏產(chǎn)業(yè)基地之一 本文利用實地調(diào)查等方法從項目建設(shè)背景、項目建設(shè)條件、項目市場需求等方面對Z市太陽能電池生產(chǎn)基地建設(shè)項目建設(shè)方案進(jìn)行了陳述,從項目投資估算、融資的模式和結(jié)構(gòu)及項目的融資方案等方面對融資模式進(jìn)行了分析,得出項目總投資20333.14萬元,達(dá)產(chǎn)年銷售收入為185000萬元,年銷售稅金及附加1135.85萬元。達(dá)產(chǎn)期成本費用為人民幣174293.16萬元。稅后財務(wù)內(nèi)部收益率(FIRR)為29.19%,財務(wù)凈現(xiàn)值(ic=12%)22591.11萬元,投資回收期為3.79年(含建設(shè)期1年)。財務(wù)評價表明項目在經(jīng)濟(jì)上是可行的。項目銀行貸款本金為12133.14萬元由項目每年的利潤和折舊費進(jìn)行償還,借款償還期為5.12年(含建設(shè)期),具有一定的清償能力。盈虧平衡分析和敏感性分析均說明項目雖可能面臨某些風(fēng)險,但仍然有一定的抗風(fēng)險能力。項目計劃由企業(yè)招商引資及自籌19100萬元,申請商業(yè)銀行貸款12133.14萬元,貸款年利率為5.94%,融資結(jié)構(gòu)合理。最后,提出了包括項目融資的政策風(fēng)險、市場風(fēng)險和管理風(fēng)險等融資風(fēng)險及防范措施。
[Abstract]:In recent years, with the energy shortage, environmental pollution and other increasingly serious problems, solar cells because of its clean and environmental protection, renewable characteristics of a good opportunity for development. Various developed countries have formulated photovoltaic power generation incentives and huge photovoltaic project plans, for the solar cell industry has created a huge market space, driven by the international market. In 2011, the global market share of solar cell manufacturers in China increased from 20% in 2010 to 35% in 2011. In 2011, the output of solar cells exceeded 2000MW. After 2007, China has become one of the most important solar photovoltaic industry bases. In this paper, the construction project of the solar cell production base in Z city is described from the aspects of project background, project construction conditions, project market demand and so on by field investigation, and the project investment is estimated. The mode and structure of financing and the financing scheme of the project are analyzed. The total investment of the project is two hundred and three million three hundred and thirty-one thousand and four hundred yuan and the annual sales income is 1.85 billion yuan. Annual sales tax and additional eleven million three hundred and fifty-eight thousand and five hundred yuan. The cost to the production cost is one billion seven hundred and forty-two million nine hundred and thirty-one thousand and six hundred yuan. The after-tax financial internal return rate is 29.19%. The net present value of finance is two hundred and twenty-five million nine hundred and eleven thousand and one hundred yuan. Investment payback period of 3.79 years (including construction period of 1 year). The financial evaluation shows that the project is economically feasible. The principal amount of the loan from the project bank is one hundred and twenty-one million three hundred and thirty-one thousand and four hundred yuan to be repaid by the annual profits and depreciation expenses of the project. The repayment period of the loan is 5.12 years (including the construction period, which has certain ability to pay off). The break-even analysis and sensitivity analysis show that the project may face some risks. However, there is still a certain ability to resist risk. The project is planned by the enterprise to attract investment and raise 191 million yuan, apply for commercial bank loan one hundred and twenty-one million three hundred and thirty-one thousand and four hundred yuan, loan annual interest rate is 5.94%. The financing structure is reasonable. Finally, the paper puts forward some financing risks, such as policy risk, market risk and management risk, etc.
【學(xué)位授予單位】：中國海洋大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F426.6;F406.72

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