Benefit Analysis And Risk Assessment In Research Storage Project For Petrochemical Stores In Lianyungang

Economic benefit analysis of investment is an important part of project investment decision-making.In recent years,with the rapid development of China's petrochemical industry,the demand for petrochemical warehousing has increased rapidly,which has triggered a upsurge of petrochemical warehousing investment.As a key area of petrochemical industry planned by Jiangsu Province,Lianyungang has long been facing the problem of insufficient petrochemical storage capacity,which has affected the development of local petrochemical industry and even the national economy.WP company decided to invest in Sinopec and petrochemical storage projects in view of the shortage of storage capacity in SINOPEC.In order to provide a better basis for project decision-making,based on the relevant theories and methods of investment economic benefits,this paper studies the economic benefits of Sinopec's warehousing project investment.After research,the following conclusions are drawn:Firstly,the project has good investment benefits.The annual average profit of the project is 10.2773 million yuan,and the investment profit rate,investment profit and tax rate,investment return rate,investment net output rate,financial internal rate of return(before tax)and financial internal rate of return(after tax)are 8.59%,9.63%,9.65%,12.31%,12.55% and 10.03%,respectively,which are higher than the industry benchmark.Secondly,the uncertainty of the project is small.The profit and loss balance analysis shows that the actual production capacity of the project can be guaranteed as long as it reaches 54.86% of the design capacity.The change of project operating revenue,fixed assets and operating cost within ± 10% is of little impact and low sensitivity.Thirdly,the project risk is within the acceptable and controllable range.After the project risk assessment,although the project is faced with policy risk,income risk,uncertainty risk and market risk,the project risk can be effectively controlled by taking corresponding risk prevention and control measures.To sum up,the project has good investment income,less uncertainty,controllable risk and implementation value.