Financial Analysis And Research On The Investment Repurchase Of Nanwang&Dinglou Two Water Treatment Plants In Xuzhou

This paper takes Xuzhou dinglou and nanwang two water treatment plants as the research object,introduces the background of the government's work deployment,and the municipal state-owned enterprises as the investment subject to carry out the buyback.The repurchase decision complies with the terms of the franchise agreement,The implementation of the project has played an irreplaceable positive role in the improvement of water ecology in xuzhou urban area.However,the unit price of water treatment service has not been clear.In the next step,the water price and water fee collection after the repurchase of Newwater company will directly affect the success or failure of the investment.Thus,the research content of this paper is introduced,Firstly,the asset appraisal replacement cost method is used to calculate the repurchase object,By comparing the investment cost and according to the government's opinions,the repurchase shall be carried out according to the financial accounting audit amount of the two water treatment plants.It not only conforms to the relevant regulations of state-owned assets investment and meets the requirements of the project construction operator,but also helps the Newwater company to save investment expenses.From the perspective of prudent investment,the paper conducts cost analysis according to the project operation cost analysis method,and calculates the total cost of water treatment.With the help of the economic feasibility theory of investment,the application research is carried out in the economic evaluation of project buyback.The water price of the repurchased water treatment plant was tested,That is,under the condition of meeting the requirements set by the government and Newwater company for reasonable internal financial rate of return.Through the comprehensive calculation of the operating cost of the water treatment plant and the repurchase cost of the investment entity in the future,Detailed the overall income,cost structure,tax structure,cash flow and other aspects of the project,and prepared the financial statements of the investment project,The cash flow in each year of the 30-year project operation period is used to inversely push the future operating water price,It provides reference for two water treatment plants to reasonably set water price,and serves as the clean water price settled with the government after repurchase.In order to enhance the foresight of water price calculation results,improve the utilization efficiency of water resources,and quantitatively grasp the investment feasibility under this water price condition,This paper takes into account the influencing factors of the time value of funds,carries out the evaluation of major investment financial indicators,and analyzes financial profitability,solvency,viability and uncertainty in turn.Further quantitatively verify the investment feasibility of the government purchasing water purification services according to the proposed water price,and analyze the investment risk one by one and put forward corresponding countermeasures,Then qualitatively describe the advantages and disadvantages of repurchase and non-repurchase.Centering on the acquisition mode,the paper mainly analyzes from the aspects of reasonable tax avoidance,equity transfer of new companies and purchase of franchise rights,It is concluded that the needs of all parties involved can be satisfied to the greatest extent through the purchase of management rights rather than assets.This paper introduces the composition of water price,and discusses and analyzes the problems encountered in investment repurchase and puts forward Suggestions,To innovate and explore the appropriate measurement method and feasible conclusion of financial evaluation of project repurchase investment,The purpose is to confirm the water price for the government authorities,and to provide the decision-making method and path reference for the feasibility of investment and repurchase projects in the water conservancy industry.Based on work experience and inference,this paper makes a further prospect on the quantitative analysis of floating ladder water price.