Analysis Of The Influence Of Natural Resources On The Profitability Of Enterprises

For a long time,China has adopted the traditional economic development model of large consumption of resources and extensive operation.The development of resources should pay attention to speed and despise benefits.Value quantity,despise quality;Emphasize development,despise protection.This has resulted in the excessive destruction and waste of resources,the depletion of resources and the enormous challenges of sustainable development.At the same time,our country economy for rapid growth in consumption of a large number of resources,the past is not paid attention to comprehensive recycling and deep processing of resources,resources comprehensive utilization level is low,the overall utilization of resources level is much lower than the western developed countries.With the progress of industrialization and urbanization in our country,there is an increasing demand for all kinds of resources and the resulting flow of all kinds of production and living wastes will increase rapidly,comprehensive utilization of resources of pressure increasing,the urgent need to promote the comprehensive utilization of resources.In order to improve the utilization of resources,the development of comprehensive exploitation and utilization of resources is an important direction in recent years.To carry out the comprehensive utilization of resources for national economic and social development is a long-term strategic policy,to implement the basic national policy of resource conservation and environment protection,ease the process of industrialization and urbanization has become increasingly strengthening resources and environment constraints,improve the efficiency of resource utilization,to speed up the transformation of economic development patterns,enhance the capacity of sustainable development has important significance.Comprehensive utilization of resources as a possible solution to the rational use of resources in the sustainable development path and the effective ways to reduce environmental pollution two core issues,can ease the shortage of resources and problems,and to reduce waste emissions.As an important carrier and effective support for the development of circular economy,the comprehensive utilization of resources is an important component of strategic emerging industries and has broad prospects for development.The comprehensive utilization of natural resources is conducive to the development of circular economy and the construction of resource-conserving and environment-friendly society.Therefore,it is very important to study the comprehensive utilization of natural resources.This paper studies the influence of natural resources comprehensive utilization project on corporate profitability by combining theory with case study.By reading a lot about comprehensive utilization of natural resources and its impact on the profitability of the literature,summarized the comprehensive utilization of natural resources and the definition,types,sums up the significance of comprehensive utilization of natural resources and benefit,which leads to the sustainable development theory,the circular economy theory,theory of resource economics,environmental economics theory provides the theoretical foundation for the research of full text.In the case study,the research object of this paper is aimed at the listed companies.The sample selected is the salt lake share,and the salt lake share has been building and developing the comprehensive utilization project of natural resources since 2005.Stand in the perspective of enterprise,this article from the announcement and annual report collecting data and organizing the data,the comprehensive utilization of salt lake corporation's main business of potassium chloride,potash project,one hundred thousand tons of ADC foaming economy integration projects,ten thousand tons of high quality lithium carbonate to analyze the influence of corporate profitability.However,due to the construction and development of the comprehensive utilization project of natural resources,there are many problems such as excessive construction period,excessive depreciation expense,excessive interest expense and excess capacity.Comprehensive utilization of salt lake in natural resources projects in most of the annual profits for the enterprise is a negative impact,a drag on the profitability of the enterprise as a whole,makes the enterprise the overall net profit,sales net interest rate,the basic earnings per share showed a trend of decline.Finally,the article summarized the comprehensive utilization of salt lake in natural resources,and provide some Suggestions to relevant problems,to salt lake shares and other enterprises to more smoothly the construction and development of natural resources comprehensive utilization project.In this paper,combining theory and case,from the perspective of enterprises,the use of quantitative and qualitative and empirical research combined with normative research method,analysis of comprehensive utilization of salt lake in natural resource project's impact on corporate profitability.The results show that the comprehensive utilization of natural resources can negatively affect the profitability of enterprises.The contribution of this paper is to analyze the comprehensive utilization of natural resources from a new perspective on the impact of corporate profitability.