Research On Capital Structure Optimization Of China Nuclear Power Company

In recent years,with the strengthening of the reform of the power system in China,it has become a trend to compete with the network.By changing the traditional power system and strictly restricting the monopolistic competition,the power enterprises have ushered in a more fair and just market competition environment.Although the operation cost of nuclear power is lower than that of coal,the gas power plant is higher than the water.However,the utilization rate of coal-fired units in China is very low at present,and coal-fired power plants can participate in the market competition by "thin profit and multi selling" mode,and there is a lot of space for price adjustment.At present,nuclear power is basically in full hair state,and the price of benchmarking has reflected the gross cost of nuclear power,which can be used for the leeway.It ’ s very small.The whole nuclear power industry is on the road of market-oriented reform.As one of the three central power enterprises with nuclear power operation license(civil nuclear facilities operating license),the Chinese nuclear power companies should strengthen their own strategic objectivesand formulate scientific plans.Long-term management institutions,including optimizing the asset structure of enterprises,changing traditional financing methods and strengthening the strategic management of business,can further enhance their market core competitive advantage.At present,the capital structure of Chinese nuclear power companies has some problems,such as high ratio of assets and liabilities,relatively fixed financing methods,insufficient liquidity and so on.Therefore,for Chinese nuclear power companies,The practical application value of this structure optimization research.Through the investigation and study of the nuclear power industry in China,and taking the China Nuclear Power Company as the specific case study,this paper analyzes the financial ability of the company in the three years from 2014 to 2016 through the in-depth data investigation and research of the company.Based on the present situation of capital structure,this paper makes a comprehensive investigation and combing,and draws the corresponding conclusion from the market competitive advantage and the monopoly nature of Chinese nuclear power companies.Finally,in view of the problems in the capital structure of the company,the corresponding optimization and improvement methods are provided to enhance the ability of Chinese nuclear power companies to manage assets and business competition.At the same time,it is also a competitive market for other domestic institutions.Optimizemanagement of potential and capital to provide scientific and reasonable guidance and improvement methods.