Research On Optimization Of Fund Management Of Changshi Power Generation Company

Changshi Power Generation Company is a 30-year development process of thermal power generation enterprises,in the current severe operating situation,there are some more prominent problems in the capital management of enterprises,which need to be solved.Mainly manifested in the following three aspects,first of all,the company's daily average deposit balance is low,can not effectively cope with the daily rigid expenditure demand,capital income and expenditure can not achieve an effective balance,capital risk highlighted.Secondly,the company's accounts payable amount is large,repayment pressure doubled,if not timely repayment,there is a certain litigation risk,affecting the credit and external image of enterprises.Moreover,the company's high external financing costs,a single financing structure,short-term debt service capital demand is huge,crowding out the normal operating capital expenditure,forming a vicious circle.There is bound to be a reason for the above-mentioned problems,and it is necessary to dig deep to find out the crux of the problem.First,the external operating environment is more severe,the new round of power system reform and "three to one down one" policy,the power generation industry has a very far-reaching impact,the most important of which is the reduction of sales price and coal procurement price increase,the double impact of income reduction and cost increase sledge directed the company's profitability gradually decline At the same time,Jilin Province's weak economic growth is also an important factor affecting the company's operating efficiency,the local social power consumption growth rate is low,the increase of new units put into operation,renewable energy generation further compressed thermal power generation enterprises,such as the source of electricity generation,etc.are the incentive to operate the decline in net cash flow.Second,the company's external financing structure imbalance,more single,did not give full play to the leverage of financing itself,did not make full use of the advantages of multi-channel financing.At present,corporate financing is only solved through bank loans,capital risk is greater,especially in recent years due to the impact of national macro-control policies,the decline in profitability will have a negative pull on bank loan financing,we must plan ahead to open up new financing channels,spread the risk of excessive concentration of financing.Third,the company's internal management mechanism is not sound,there are still some weak links,constantly devouring the normal body of the enterprise,to the already poor profitable operating environment,and the lack of strategic planning is the core reason,the unit did not reach full capacity of optimal operation,Cost management is not in place,etc.also lead to the enterprise's cost has not been effectively reduced,the amount of capital expenditure is larger.In view of the above problems,this paper attempts to solve them through three aspects.First of all,it is necessary to strengthen the budget management of cash flow,optimize the procedure of capital revenue and expenditure,and provide support for the fund management from the root cause.Secondly,it is necessary to further strengthen the management of production and operation,optimize the use of working capital,through fine management of the money used on the cutting edge,the economic benefits of the submission of assets.Furthermore,increase financing efforts,optimize external financing strategies,and constantly broaden financing channels,comprehensive consideration of the introduction of external strategic investors,optimize debt structure,innovative financing methods,optimize bank loan structure,and other ways to effectively reduce financing risk.