Research On The Application Of Financing Leasing For Grid Enterprises

Power grid construction investment has an important share of China’s fixed asset investment share,which is characterized by capital-intensive characteristics,and due to the large investment in early development funds,and due to many factors such as domestic supply-side structural reforms and macroeconomic growth slowdown As a result,the growth rate of cash inflows has slowed down,resulting in a longer capital recovery cycle,which generally takes 8 to 10 years or even longer.This in turn has caused many grid companies to have practical difficulties such as high debt ratios and difficulty in refinancing.In order to solve this difficulty,many power grid companies are no longer limited to traditional financing methods such as bank loans and corporate loans,but gradually began to explore new financing methods based on their own strong capital base and broad market prospects.Among them,financial leasing,as a combination of financial and financial assets,has the characteristics of flexible financing methods,long financing period,flexible repayment methods,and less pressure on the repayment funds of the lessee,which is more than other traditional financing methods.Good to meet the financing needs of power grid companies.Financial leasing has gradually become an option for many power grid companies in financing construction.This paper focuses on the application of financing leases for power grid companies,starting with the background and objectives of a new round of power transmission and distribution price reform,and analyzing the current operating characteristics of power grid companies,such as a significant decline in operating income and a slowdown in cash inflow growth.Based on the development status of my country’s financial leasing and the characteristics of my country’s power grid enterprises’ operation and investment,it is believed that the new financing method of financial leasing has huge development potential in the field of investment in my country’s power grid enterprises.It also theoretically conceives and demonstrates the application of financial leasing in the investment of my country’s power grid enterprises.This article analyzes the case of a centralized leasing of all old substation equipment in the city by the State Grid Taizhou Power Supply Company as a financial leasing case,and analyzes the preliminary feasibility of the construction project from the basic situation of the project,the basic needs of the lessee and the basic conditions of the project financial leasing.At the same time,the organization of Zhejiang Electric Power Company was taken as an example to design a financial leasing business management process for it.The specific financial leasing operation process and the leasing business model adapted to the power grid company were expounded to explain the financing leasing business method suitable for the construction investment of the power grid company and A series of standardized application processes to guide the implementation of the entire project has certain reference significance for other power grid companies to carry out financial leasing projects.At the same time,this article also builds a risk evaluation mechanism from the perspective of risk evaluation of financial leasing projects,quantifies the project risk,and provides a quantitative evaluation basis for the effective risk management and control of financial leasing projects.In addition,this paper also discusses the different risk management countermeasures and specific risk prevention measures adopted by the power grid companies throughout the entire process from the perspective of the different risk stages and risks of the grid leasing project.Through the establishment of flexible and variable enterprise investment,construction,and management mechanisms to ensure the smooth flow of project financing;starting from the three aspects of application process,enterprise management,and risk supervision,it can help grid companies standardize and systematically apply financing in construction projects Leasing and effective risk control are worth promoting and applying.