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当前电网投资普遍存在“重发展、轻能力,重投入、轻产出,重安全、轻效益”的现象,部分单位盲目扩大投资,导致效益下滑、负债攀升。由于缺乏根据投入情况要求效益回报的硬约束,预算安排中存在目标多元化,业务部门关注专业投入规模,财务部门关注资产质量效益,纵向和横向协调难度大等问题。由于近期受国家宏观经济调控、产业结构调整的影响,售电量增速显著放缓、电网投资风险逐步加大,投资规模与财务能力和电量增长不尽匹配,影响企业健康发展,超能力投资还导致成本受限,影响企业日常运营投入,同时超能力投资也将导致盈利空间收窄,影响企业效益和职工薪酬增长。因此,注重项目投资效益、做好项目全过程现金流预算、建立投资与回报挂钩机制,根据电网企业特性制定合理的投资测算模型,量入为出保证企业健康稳定运行成为摆在我们面前当即要务。
At present, the investment in power grids is ubiquitous. Some enterprises blindly expand their investment due to the phenomenon of “re-development, light capability, re-investment, light output, heavy safety and light efficiency.” As a result, profits have declined and liabilities have risen. Due to the lack of hard constraints on the efficiency returns required by input, there are multiple objectives in the budget arrangement, the professional departments concerned about the scale of professional investment, the quality and efficiency of the financial departments concerned about the quality of the assets, and the difficulty of vertical and horizontal coordination. Due to the recent macroeconomic regulation by the state, the impact of industrial restructuring, sales growth slowed down significantly, the risk of investment in the grid gradually increased, the scale of investment and financial capacity and electricity growth do not match, affecting the healthy development of enterprises, super-capacity investment also Resulting in limited costs, affecting the daily operation of enterprises, while investment in super-capacity will also lead to narrowing the profit margins, affecting the efficiency of enterprises and employee compensation growth. Therefore, pay attention to the project investment efficiency, do a good job in the whole process of the project cash flow budget, the establishment of investment and return linked mechanism, according to the characteristics of power grid companies to develop a reasonable investment measurement model, into a guarantee for healthy and stable operation of enterprises become the immediate task before us.