I上海立信会计金融学院普通本科毕业论文（设计）摘要十九大以来，党和国家高度重视国有企业的改革问题。习近平主席也在多个场合提到目前国有企业面对的问题。目前中国的经济进入新常态阶段，在此背景下深化国有企业的改革受到社会的广泛关注。目前来说我国某些国有企业的盈利能力还很有限，受国有企业自身内粗管理的模式的限制和国内外环境的影响，一些国有企业的经营困难，出现持续性的亏损，导致其无能力偿还自身的债务，出现财务危机。在上市公司面对的财务困境中，如果现金流出现困难，在无法偿还企业债务的情况下，上市公司不得不进行破产重组。针对破产重组，公司的选择可以是通过公司的剩余资产去偿还债权人的债务，另一种方式则是企业可以进行债务重组来解决自己所面临的债务重组的困难。本文通过研究国有企业中债务重组较为成功的中国二重的案例来给别的国有企业做一个好的借鉴，给那些企图通过债务重组方式来重焕生机的企业一些经验，让它们可以顺利的度过困难期，进而促进整个国家经济的稳定有序发展。关键字：国有企业；中国二重；债务重组；财务困境；II上海立信会计金融学院普通本科毕业论文（设计）AbstractSincethe19thNationalCongress,thepartyandthestatehaveattachedgreatimportancetothereformofstate-ownedenterprises.PresidentXiJinpingalsomentionedtheproblemsfacedbystate-ownedenterprisesatpresent.ThedebtrestructuringofChineseenterpriseshasbeenwidelyconcernedbythesociety.Atpresent,thechangesinChina'seconomicsituationandtheinternalmanagementofstate-ownedenterprisesanditsmechanismshaveaffectedmanystate-ownedenterprises,andtheirprofitabilityistoolow,whichmakesthemunabletoRepaymentofitsowndebtshasafinancialdilemma.Inthefinancialdistressfacedbylistedcompanies,ifthecashflowisdifficult,thelistedcompanyhastoundergobankruptcyreorganizationwithoutbeingabletorepaythecorporatedebt.Forbankruptcyreorganization,thecompany'schoicecanbetorepaythecreditor'sdebtthroughthecompany'sremainingassets,andtheotherwayisthatthecompanycancarryoutdebtrestructuringtosolvethedifficultiesofdebtrestructuring.Thispapermakesagoodreferenceforotherstate-ownedenterprisesbystudyingtheerzhong’ssuccessfulcaseofdebtrestructuringinstate-ownedenterprises,andgivessomeexperiencetoenterprisesthatattempttorevitalizethroughdebtrestructuring,sothattheycansmoothly.Afteradifficultperiod,itwillpromotethestableandorderlydevelopmentoftheentirenationaleconomy.Keywords:State-OwnedEnterprises;ErzhongHeavy;DebtRestructuring;FinancialDistress;III上海立信会计金融学院普通本科毕业论文（设计）目录一、引言..........................................................1二、国内外文献综述................................................1（一）国外研究现状................................................2（二）国内研究现状................................................2三、债务重组概述...................................................3（一）债务重组的定义...............................................3（二）债务重组的方式...............................................31．以资产清偿债务.................................................32．债务转为资本...................................................43．修改其他债务条件...............................................44．以上3种方式的组合.............................................4四、国有工业企业现状分析...........................................4（一）财务状况分析.................................................4（二）债务重组动因分析.............................................51．宏观经济动因...................................................62．企业自身生存动...
