Research On Comprehensive Evaluation Of Financial Competitiveness Of Thermal Power Enterprises Based On Improved TOPSIS Model

As an important basic industry of the national economy,thermal power industry plays a very important role in my country’s economic and social development.In response to global warming,the "dual carbon" goal has become the main tone of my country’s economic and social development.Affected by this,the existing structure of my country’s power industry will change,the proportion of green energy such as wind power and photovoltaics will continue to increase,the industry competition faced by thermal power companies will further intensify,and profit margins will continue to shrink.How to enhance the competitiveness of thermal power companies themselves? Power becomes the key to its sustainable development in the future.Among the many competitiveness of thermal power enterprises,financial competitiveness is particularly critical as the core competitiveness to measure the financial status of enterprises.However,the current financial competitiveness evaluation system of thermal power enterprises is mainly formulated according to the performance evaluation system of the state-owned assets management department.Under this background,it is of great theoretical and practical significance to carry out the research on the comprehensive evaluation of the financial competitiveness of thermal power enterprises.On the basis of comprehensively sorting out the relevant concepts,theories and evaluation methods of the financial competitiveness of enterprises,combined with the current characteristics and influencing factors of the financial competitiveness of thermal power enterprises,this paper focuses on the comprehensive characteristics of the financial competitiveness of thermal power enterprises.Resources and financial capabilities are 3 dimensions,using social benefits,environmental benefits,production capacity scale,technological innovation,operational capability,profitability,risk management capabilities,a total of 7 first-level indicators and 21 second-level indicators to build a more suitable financial competitiveness for thermal power enterprises Comprehensive evaluation index system of development status.After comparing and analyzing the existing financial competitiveness evaluation models,an improved TOPSIS evaluation model was constructed,and the model was tested using the data of 24 thermal power listed companies from 2014 to 2020.The research found that:(1)The financial competitiveness of thermal power enterprises is affected by many factors such as internal governance and social benefits,and the existing evaluation index system is not comprehensive enough,and indicators such as social benefits,environmental benefits,and technological innovation should be added.(2)Compared with the general enterprise financial competitiveness evaluation model,the improved TOPSIS evaluation model makes the weight setting more reasonable,and can more comprehensively,objectively and accurately evaluate the financial competitiveness of thermal power enterprises.(3)Using the calculation results of the improved TOPSIS model,it is found that the core advantages of the financial competitiveness of my country’s thermal power enterprises lie in profitability and technological innovation,and the overall financial competitiveness is in the recovery stage.