| Now the northeast enterprise is facing a serious test of the economic downturn,GD northeast electric power co.,LTD.As a traditional state-owned local thermal power enterprises face the situation even more severe,the total output of raw coal 2016 annual output of 3.41 billion tons,falling by 9.0% over the previous year,this is from raw coal production reached 3.97 billion tons in 2013,the third year in a row down,sharp reduction of coal with coal prices sharply and continuing to rise,GD northeast electric power co.,LTD.,for example,charging composite BiaoMei unit price from $2016 in 470 yuan/ton,up to 632 yuan/ton,2017,In 2018,the continuous increase to 632 yuan/ton directly affected the profit of more than 30 billion yuan,which directly led to the enterprise from profit to major loss.In addition,due to the tight situation of the capital market and the continuous losses in recent years,the debt ratio continues to rise and the business situation of enterprises continues to deteriorate,resulting in more frequent bank interest rate rises,loan withdrawal and loan difficulties.GDGD cash pool for the northeast electric power co.,LTD.Is the centralized management mode of centralized allocation of regional capital,as a result of the cash flow remains tense,and the vagaries of capital market situation,lead to increasing pressure centralized fund management,how to optimize the existing mode of cash flow management,how to under the condition of the cash-strapped more reasonable allocate existing funds to establish more perfect system of cash management is the GD northeast of the main problems in the financial power co.,LTD.This paper choose the GD northeast electric power co.,LTD.,cash flow management as the research object,by cash flow theory,the theory of internal control and risk assessment theory as the foundation,USES the literature method,inductive deductive method,field survey method and ratio analysis of case study carried on the thorough analysis,to explore how to optimize the GD northeast electric power co.,LTD.,cash flow management,Finally,the paper proposes to improve GD northeast electric power co.,LTD.’s cash flow management from four aspects: strengthening informatization degree to establish a more perfect cash flow management system,clarifying department responsibility to refine short-term cash flow budget control system,establishing cash flow assessment and analysis system,and establishing a sound risk warning and risk prevention system.Perfect and optimized cash flow management is conducive to improving capital utilization efficiency,improving risk warning ability and reducing capital cost.Reasonable control of capital security risk is of great significance for improving the management and operation level of the company,as well as for GD northeast power co.,ltd.to go through the difficult period steadily and achieve greater results in reducing losses and increasing efficiency. |
