企业融资能力分析研究以新三板通信运营行业为例 财务管理专业VIP专享VIP免费

企业融资能力分析——以新三板通信运营行业为例摘要:通信运营行业与人们的生活密切相关，它服务于国民经济和社会的发展，推动网络提速降费，提升4G网络和宽带基础设施水平。然而运营商的价款结算一般需要经过严格的审批程序，结算周期较长，导致部分应收款项余额较大，因此通信运营行业的企业的日常经营活动的资金比较短缺。国家为了扶持该行业中小企业的发展，设立了新三板，以便于中小企业利用资本市场进行融资。若想进一步促进这些企业的发展，国家应该实施其他的金融政策来缓解企业的资金压力，当然，企业要想获得政策支持，需要重视自身融资能力的提高。本文梳理了国内一些与融资能力评价指标相关的文献，最终选择吴岩的熵权-层次分析法，发现名通科技、大汉三通、北方新媒、希奥信息的融资能力在不断上升，景心科技、元丰科技的融资能力在不断下降。若想提高企业融资能力，企业需要加强应收账款管理力度、加大研发投入强度、时刻捕捉市场需求以及激励员工。通过对企业融资能力的分析可知，欣网卓信融资能力一直很高，北方新媒、长信股份、希奥信息一直处于中上水平，元道通信融资能力一直处于中等水平，大汉三通融资能力处于中下水平，阿尔创与捷思锐一直处于低水平，融资能力一直处于中低水平的企业需要引起注意。关键词：新三板企业融资能力横向分析纵向分析AnalysisofEnterpriseFinancingCapability——TakecommunicationoperationindustryofthenewthreeboardasanexampleAbstractThecommunicationandoperationindustryiscloselyrelatedtopeople'slife.Itservesthedevelopmentofthenationaleconomyandsociety,acceleratesthespeedofthenetwork,increasesthelevelof4Gnetworkandbroadbandinfrastructure.However,theoperator'spricesettlementgenerallyrequiresarigorousapprovalprocess,thesettlementperiodislonger,resultinginalargepartofthereceivablesbalance,sothecommunicationsoperatingindustry,thedailybusinessactivitiesofthefundsarerelativelyshort.Inordertosupportthedevelopmentofsmallandmediumenterprisesintheindustry,thestatehassetupanewthreeboardsothatsmallandmediumenterprisescanusethecapitalmarkettofinance.Ifyouwanttofurtherpromotethedevelopmentoftheseenterprises,thestateshouldimplementotherfinancialpoliciestoeasethefinancialpressureofenterprises.Certainly,inordertoobtainpolicysupport,enterprisesshouldpayattentiontotheirownfinancingcapacity.Thispapercombssomedomesticarticlesrelatedtotheevaluationindexoffinancingability,andfinallychoosesWuYan'sanalysismethod.ThefindingsofthispaperisthatthefinancingabilityofMastercomTechnology,DahanTricom,EnorthNewMediaandSiooInformationisincreasingandthefinancingcapacityofJoySimTechnology,YuanFengScience&Technologyisdeclining.Ifyouwanttoimprovecorporatefinancingcapacity,enterprisesneedtopayattentiontothemanagementofaccountsreceivable,increaseR&Dinvestmentintensity,capturemarketdemandandmotivatestaff.Throughtheanalysisofcorporatefinancingcapacity,wecanseethatthefinancingcapacityofSinonhasbeenveryhigh,thefinancingcapacityofEnorthNewMedia,ChangxinTechnology,Siooinformationhasbeenintheupperlevel,WintaoCommunications’financingcapacityhasbeenatamoderatelevel,DahanTricom’sfinancingcapacityisbelowtheaveragelevel,AltratekandZed-3hasbeenatalowlevel.Generallyspeaking,thoseenterpriseswhosefinancingcapacityhasbeeninthelowlevelneedtoimprovethemselves.KeywordsNewthreeboardCorporatefinancingcapacityHorizontalanalysisLongitudinalanalysis目录引言.....................................................１第1章中小企业融资能力的概述............................２1.1中小企业的界定.............................................２1.2融资能力的界定...............................................