Study On The Performance Of Diversified Operation Of Laos Power Generation Enterprises

Laos continues to increase, the electric power enterprise diversification business scope from coal, electric power business and transportation business has gradually developed into the coal chemical industry, metallurgical industry and the financial industry, insurance, securities, etc. Under a variety of stress and uncertainty, power companies how to control the risk diversification business, maintain a high economic efficiency, how to ensure environmental hazards or harmless, diversification of business development at the same time how to don’t damage the normal operation of power of main business, diversified business, the main distribution of manpower resources should be how to plan as a whole in which the business is given priority to, this a series of problems has become before power generation enterprises urgently need to solve the problem. To solve this a series of problems, to guarantee the power supply, increase the gross domestic product, and improve the competitiveness of the enterprises in the domestic and international has far-reaching significance.Diversified development theory and experience, this study summarizes the related theory of power generation enterprises diversified development is defined, by comparing the power generation enterprises in the four years of major financial data in2009-2012total assets, revenue, profits, comparing the proportion of the structure of the three financial indicators to evaluate the central power generation group diversified business structure, the development of the scale, the revenue and profit situation, to analyze the diversity of power generation enterprise business performance.Study found the impetuses for the diversified development of power generation enterprise:performance of social responsibilities, ensure the power supply, improve the financial situation, improve the economic efficiency, promote the strategic transformation of enterprises,"the market coal" and solving the contradiction of "electricity", integration of industrial chain, and play a synergistic effect, the social risks are mainly:social responsibility risk, technology risk, talent and into the timing and industry risks. Financial situation analysis, according to the power generation group’s main business and diversified business assets, revenues and profits in2009, although have some losses, but in2009after all present a stable development situation, diversification of assets increase obviously, and significantly higher than the power generation business; By comparing the diversified financial indicators and the main display can be seen in diversified business profitability and development ability is superior to power its main business, and the risk level is lower than the power generation business. From the point of comprehensive ability, most diversified business, profit margins are higher than power generation and the development prospects of.Diversified financial indicators and related industry, this paper compares and analyzes the average can be seen in terms of profitability, transportation, financial and metallurgy and electric power equipment manufacturing industry level is higher than the same industry. In terms of operating capacity and transportation above the level of the industry. Financial risk, and diversified business in line with the same level. In terms of development ability, the diversified levels are higher than the same industry, showed a strong development potential.Power generation business nearly three years of changes in financial indicators analysis shows that with the rapid development of diversified business, the company core business of power still maintain a stable and rapid growth, has improved profitability, asset efficiency continue to improve, financial risk is reduced, that diversification without obvious negative impact on power generation business, instead of power generation business has formed a positive support.Based on the analysis of the above operating performance finally confirmed order for the diversification of business development:coal>transportation>the carbon metallurgy and equipment manufacturing industry Diversification (DT) with the company’s economic value added EVA to the multiple linear regression model shows that diversification and economic value added (EVA) most closely, the correlation of second power generation business sales growth rate, net assets of the total of value, return on equity and asset-liability ratio. Through comprehensive analysis, diversified development is to improve the five major power generation group, the overall performance of the most effective and most direct route.