A Case Study Of Asset Restructuring Of Hubei Power Construction Company Y

The traditional power industry is in urgent need of restructuring and reform after the reform of power system which mainly includes "separation of power plants and networks,bidding for Internet access,breaking monopoly and introducing competition".In recent years,environmental problems have become increasingly serious.Global warming,haze and other phenomena are frequent.As a traditional thermal power generation industry,Hubei power construction Y company experienced the reform in 2002 and reorganized with E company,which is also a subsidiary,which has its representative significance.After the assets reorganization,Hubei electric construction company Y expanded its scale and reduced the competition in the industry,but the capital pressure became larger and the debt paying ability deteriorated,which also had a representative role in the state-owned enterprises.Based on the above reasons,this paper takes Hubei turbine Y company as an example,detailed analysis and study on the background of asset restructuring,performance and risk,etc.,not only can the related data for other thermal power enterprise implements the strategic transformation and the practical reference of rapid expansion and at the same time also can give regulatory approval for the asset restructuring and provide basis for investors to make investment decisions.This paper illustrates the background and research significance of topics,summarizes the related research contents and methods,introduces the related theory of assets reorganization,combed the literature review at home and abroad,and then to hubei turbine Y company restructuring background and motivation have probably understand,began to introduce the hubei turbine Y company restructuring cases related party profiles and its restructuring process and scheme of the next to hubei turbine Y company restructuring performance analysis,including the growth ability,debt paying ability,operation ability analysis,and profitability analysis of four categories.After the analysis,it was found that the financial performance of the company after the asset restructuring was generally satisfactory,but the debt paying capacity was relatively heavy,and the operating capacity and development potential were improved.In addition,this paper also analyzed thepositive impact of asset restructuring of hubei power construction company Y and existing problems at the current stage,and described the conclusion and enlightenment after the case analysis.The analysis results show that the company should continue to carry out restructuring and integration,establish good systems and mechanisms,optimize the industrial governance structure of the company,provide the core competitiveness of the enterprise,so as to better realize the company's development plan and strategy.