Study On Financial Performance Evaluation Of Green Transformation Of Shanxi Coking Coal Company

With the development of the country and the progressive advancement of the 14 th Five-Year Plan,high-quality development has gradually become a distinct theme of the current era.Coal industry plays an important role in the development of the country.In the years of mining and use,coal resources are gradually in short supply,and in the process of development,it faces the challenges of environmental resources and industry.Enterprises need to invest in technology and equipment to carry out green transformation.The impact of capital expenditure and income from green development on the financial performance of enterprises is a common problem faced by all enterprises in green transformation,and also the biggest influence that restricts their choice.In view of this,this paper,starting from the coal industry,selects double billion level coking coal enterprises in Shanxi coking coal,studies how Shanxi coking coal green transformation development policy brings economic benefits for the enterprises,Shanxi coking coal since the beginning of the five-year transformation plan,has issued a number of measures to change the status quo,promoting the cyclic low carbon development of enterprises.By studying the economic benefits of this enterprise,it is hoped to provide reference advice for the transformation of enterprises in the whole energy industry,and encourage enterprises that meet the transformation standards to actively find a path suitable for the transformation and development of enterprises,so as to promote the promotion of sustainable development.Transformation is a continuous input-output process,in which the impact on the financial performance of the enterprise is gradually revealed.By studying the green transformation measures of Shanxi coking coal,this paper analyzes the various transformation measures introduced by Shanxi coking coal and the transformation results obtained since the green development strategy was launched in 2014.This paper focuses on the analysis and research of financial performance data of Shanxi coking coal since its transformation.Through the vertical comparison of economic benefits before and after the transformation and the horizontal comparison with the level of the whole energy industry,it is found that the green transformation of Shanxi coking coal has increased the operating cost of the enterprise,and a large amount of operating capital investment also makes the enterprise’s capital shortage and debt increase.The short-term solvency and profitability of enterprises fell rapidly.At the same time,green transformation increases the inventory backlog of enterprises.As enterprises are exploring the road of transformation,they are not timely enough to change the market,and the inventory backlog also affects the operation capacity of enterprises.However,the green transformation has stabilized the production cost of enterprises,and the promotion of resource recycling in Shanxi coking coal has improved the resource utilization rate of Shanxi coking coal in a stable and long-term way.The reduced cost will improve the profitability of enterprises and the financial performance level of enterprises.At the same time,EVA method is used to add the environmental protection input and production cost of Shanxi coking coal that have changed in recent years into the evaluation process.Through more targeted green adjustment value and green EVA value changes,the benefits of Shanxi coking coal in the green transformation are evaluated more comprehensively.