崇杰污水处理有限公司改扩建工程项目财务评价研究

发布时间：2018-11-11 14:35

【摘要】：随着城市人民生活水平的提高,人口数量增加和城区社会、经济的快速发展,工业废水和生活污水的排放量迅速增加。在这样的背景之下,平度市的污水处理能力收到了极大的挑战。预计到2015年全年经市政管网进入崇杰污水处理有限公司的污水处理量在4000万吨以上,而一期二期工程设计能力满负荷运转仅为2550万吨。由于受目前污水厂处理能力的制约,到2015年预计每年4000万吨的污水无法得到及时有效的处理。污水处理率尚不足污水排放总量的69%(不包括未进入市政管网的污水),远远达不到国家环保模范城市的标准要求(80%以上)。如此大的污水不经处理,直接排入周围水体,必然对生态环境造成破坏性影响,不但影响城区的发展,而且极大限制平度市的经济发展和生活水平的提高。因此扩大本市城市污水处理规模是极其必要的。该污水处理改扩建项目工期计划自2014年3月至2015年9月,由于工期长、有资金投入量大、所投资金的流动性较弱等特点,一旦项目建设运营过程中的某一环节出现问题,将会给当地的财产造成很大的损失。因此,在项目建设实施之前和实施过程中需要对该污水处理有限公司改扩建项目进行财务方面的评估。本文立足于崇杰污水处理有限公司改扩建项目,依据现代项目管理中的论证与评估的原理,运用多种项目评价方法,对该污水处理有限公司改扩建项目进行了综合的财务评价分析,对该项目的财务指标进行了估算,包括项目总投资资金,项目年总成本费用等,并编制了各种财务报表；根据相关的估算数据和编制的财务报表,对该项目进行盈利能力、偿债能力和抵御风险能力的评价。本文通过研究,得到的该项目的财务评价结论是：该投资项目的各项静态和动态的财务指标良好,盈利能力强；项目的债务偿还期合理,各项财务比率都在标准范围内,偿债能力较强。对项目进行的单因素敏感性分析的结果也证明该项目抵御风险的能力较强。本文希望通过对该项目的财务评价分析,对该项目的投资决策提供一定的决策依据,并给其他污水处理有限公司改扩建项目的建设提供有力的帮助和借鉴。
[Abstract]:With the improvement of the living standard of urban people, the increase of population and the rapid development of urban society and economy, the discharge of industrial wastewater and domestic sewage is increasing rapidly. In this context, the sewage treatment capacity of Pingdu City has been greatly challenged. It is estimated that the sewage treatment capacity of Chongjie sewage treatment Co., Ltd. will be more than 40 million tons in the whole year of 2015, while the design capacity of the second phase of the project will be only 25.5 million tons at full capacity. Due to the limitation of current sewage treatment capacity, it is estimated that 40 million tons of sewage per year will not be treated in a timely and effective manner by 2015. The sewage treatment rate is still less than 69% of the total sewage discharge (excluding sewage not entering the municipal pipe network), which is far from the standard requirement of the national environmental protection model city (more than 80%). Such a large amount of sewage without treatment, directly discharged into the surrounding water, will inevitably have a destructive impact on the ecological environment, not only affect the development of urban areas, but also greatly limit the economic development of Pingdu City and the improvement of living standards. Therefore, it is extremely necessary to expand the scale of municipal sewage treatment. The construction period of the sewage treatment reconstruction and expansion project is planned from March 2014 to September 2015. Due to the long construction period, the large amount of capital input and the weak liquidity of the invested funds, once there is a problem in some part of the construction and operation process of the project, There will be a lot of damage to local property. Therefore, before the implementation of the project and during the implementation of the sewage treatment Company Limited need to carry out the financial aspects of the reconstruction and expansion project. Based on the reconstruction and extension project of Chongjie sewage treatment Co., Ltd., according to the principle of demonstration and evaluation in modern project management, this paper applies various project evaluation methods. The comprehensive financial evaluation and analysis of the reconstruction and extension project of the sewage treatment Co., Ltd are carried out, and the financial indexes of the project are estimated, including the total investment fund of the project, the total annual cost of the project, and various financial statements. Evaluate the project's profitability, solvency, and risk tolerance based on related estimates and financial statements. The conclusion of this paper is as follows: the static and dynamic financial indexes of the investment project are good and the profitability is strong; The project's debt repayment period is reasonable, each financial ratio is within the standard range, the repayment ability is stronger. The results of single factor sensitivity analysis on the project also prove that the project is more resistant to risk. Through the financial evaluation and analysis of the project, this paper hopes to provide a certain decision basis for the investment decision of the project, and to provide powerful help and reference for the construction of other sewage treatment limited company's reconstruction and expansion project.
【学位授予单位】：中国海洋大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：X703;F235

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