Financial Analysis Of M Thermal Power Company

In recent years,under the influence of development concepts such as energy saving and emission reduction,green and low carbon,the domestic power industry has actively adjusted the power supply structure and changed production methods.However,the natural feature of China’s abundant coal resources determines that the power consumption structure of coal-based electricity will not be fundamentally changed for a long time.According to the China Electricity Council,as of the end of2019,thermal power installed capacity still accounted for 59.21% of the total installed power capacity.70% of the country’s total annual electricity consumption is still the contribution of the thermal power industry.The optimistic situation in the short-term market of the thermal power industry will not undergo major changes for the time being.However,within the thermal power industry,with the introduction of a series of national “upper and lower pressure” policies and environmental protection regulations,power reform and a changing market environment have brought severe challenges to the survival and development of small and medium-sized thermal power enterprises.M thermal power company was completed and put into operation at the end of2016.Since it was put into production,the company has been constrained by many factors such as the low power generation configuration of the State Grid,the low steam supply market,high coal prices,high financial costs,and financing difficulties.Decision making is becoming more difficult.How to find out the core crux of the company’s development from the macro perspective,based on the current status of the industry,and from the company’s micro data,has become the top priority of the current enterprise development.Under this background,based on the Harvard analysis framework,this article carried out a comprehensive financial analysis of M thermal power company from multiple perspectives such as strategy,finance,accounting and business prospects,found problems in the company’s operation,and then based on management perspective Provide corresponding solutions and safeguards to the problem.Different from traditional financial analysis,this article uses the Harvard analysis framework as a research tool,from the four dimensions of strategy,accounting,finance and prospects,and adopts a combination of vertical analysis and horizontal analysis to launch a comprehensive and systematic analysis of the financial status of M thermal power company Research.This article contains five chapters of research content:The first chapter is an introduction,which introduces the research background,basis and significance of the topic selection,research methods and research ideas and framework;The second chapter sorts out the domestic and foreign research literature,focusing on the review of the Harvard analysis framework.The third chapter is under the Harvard analysis framework,from the perspective of strategy,accounting,finance and prospects,and at the same time using Du Pont system analysis to study the operation and financial status of M thermal power company.Found the company’s current problems in the industry’s status and strategic direction and the timeliness of the implementation of key accounting policies,found the factors that affect the company’s financial indicators changes,and clarified the company’s industry development prospects.The fourth chapter is the corresponding problem-solving solutions and safeguards,and puts forward reasonable suggestions from four perspectives of strategy,accounting,finance and prospects.The fifth chapter is the conclusion and research prospect of the thesis.The research results can not only provide information reference for the company’s management decision-making,but also provide a reference for the case analysis of other companies in the thermal power industry.