Study On Income And Risk Management Of The Extension Project Of Changqing Substation

Based on the thriving 66 kv substation expansion project as the research object,analyzed the forming process of evergreen substation expansion project profit from the perspective of costs and benefits of class two points out the influence evergreen substation expansion project earnings risk factors,the influence of and the income factor and cost factor is divided into sales,sales price,variable cost and fixed cost,using the method of CVP,DOL method and sensitivity analysis method and so on three kinds of fuzzy evaluation method to evaluate the evergreen substation expansion project risk returns,and the sort of various factors,Finally,the countermeasures for revenue and risk control of changqing substation expansion project are put forward as follows:1.Actively develop the market,seek more high-end customers(agricultural irrigation users,etc.),increase the proportion of high-end customers,increase the comprehensive electricity selling price,and increase the income.Increase sales.2.strengthen the cost management,from cost to benefit.First,strengthen variable cost management,reduce variable cost,improve the gross profit contribution.Second,strengthen maintenance and repair,improve the use of equipment efficiency,reduce the amount of depreciation in unit time,reduce fixed costs.Adopting the accelerated depreciation method to increase the fixed cost in the early production cost is conducive to reducing the income tax and the profitability risk.3.Changqing substation expansion project has a large profit space and will generate a huge amount of surplus funds.At the same time,electricity charges,will also generate a lot of surplus funds.The backbone enterprises of state grid should make full use of the surplus funds to subscribe national debt,so as to increase the income and reduce the tax burden outflow,and to use the portfolio theory to avoid the income risk is also non-systematic risk,and thirdly,to obtain risk-free profit by using the securities market line.4.Use derivative financial instruments(carbon finance)to avoid systemic risks.