Financial Evaluation Research Of SY Company's Glycol Project

In our country, the demand for chemical products is increasing,resulting in a large number of chemical enterprises, chemical enterprises but because of its large amount of investment, it is difficult to transfer,complex process the characteristics of various products, in the current economic environment is undergoing rigorous test, once the investment in the wrong product project, it will cause large and irreversible loss.Therefore, in the current chemical industry, investment in which products plays an important role, which determines whether the enterprise can in Profits, to obtain sustainable operation; determines whether the enterprise can obtain the support of financial institutions; to decide whether the enterprise in an invincible position in the industry. Because of the importance of project investment in the development of enterprises, so the financial evaluation has become a hot concern of the chemical enterprise project investment.At first, the paper sort the previous literature, defines the concept and method of financial evaluation financial evaluation, expounds the financial evaluation theories, namely the theory of resource allocation,transaction cost theory, capital time value theory; combined with the actual business, to supplement and improve the economic value added based on the traditional financial evaluation index on operating leverage the environmental benefit coefficient, support, support and other safety benefit evaluation index, enriches the index system of project financial evaluation. Then, taking SY company as an example, the ethylene glycol project are introduced, the development prospects of the project construction necessity and glycol in the future. At the end of the paper SY Our ethylene glycol project investment cost analysis, estimation of project investment analysis, project financing channels and plans,estimates the project construction period and operation period of the cash income and expenditure, revenue, profits and other indicators, discusses the project profitability, solvency, viability and the project uncertainty analysis results. Show that SY company can EOEG project investment and construction, financial evaluation index system design can satisfy the investors, creditors, enterprises decision-making needs.