rhzy-fund-skill1-funding-source-risk

Extract each funding amount from the feasibility report and funding plan, classify it into equity, debt, fiscal, or supply-chain categories, then compute weight ratios. Penetrate each source against known risk scenarios and judge the overall structure.

Check whether the capital contribution carries fixed-return plus forward repurchase clauses. Such terms indicate the equity is actually high-interest debt, which fails audit and bank penetration reviews and risks loan recalls and penalties.

Maturity mismatch occurs when short-term loans of two years or less fund projects with payback periods of five years or more. If the bank refuses renewal, the project faces immediate funding chain breakage, work stoppage, and litigation.

The analysis requires the feasibility study report, funding plan, joint venture agreement, and loan intent letters. These provide the funding amounts, terms, and conditions needed for weight calculation and risk penetration.

Three structures are flagged: minimal capital with over half short-term debt, over 60 percent dependence on fiscally weak local government funds, and heavy reliance on advance funding from a financially weak private contractor.