Research On The Value Evaluation Of H Smelting Company Under The Green Development Model

With the development of the global economy,natural resources are decreasing and the ecological environment is being destroyed to different degrees.The importance of natural environment to human survival and development is becoming increasingly prominent.Countries all over the world have carried out protection and management of the ecological environment in an effort to ease the contradiction between economic development and the ecological environment.Since the 11 th five-year plan period,China's economic development has gradually realized the transformation from extensive development to green development.Economic development cannot be separated from the occupation and consumption of natural environmental resources,and enterprises are the main force of economic development,causing inevitable damage to the natural environment in the process of development.With the gradual scarcity of natural resources and increasingly harsh ecological environment,the development of enterprises is also restricted.To achieve the sustainable development goals,we must invest in ecological protection and pollution prevention during production and operation to ensure the balance between development and ecology.Environmental protection investment can bring long-term benefits to enterprises,so it should not be regarded as a cost that affects enterprise value.Therefore,traditional value assessment methods cannot meet the needs of the green development model,and more comprehensive methods must be adopted to reflect the true value of enterprises.This paper firstly sorts out the relevant literatures of domestic and foreign scholars on green development model and enterprise value assessment,and then researches and defines the relevant theories and concepts of green development and enterprise value assessment.And then analyzes the present situation of nonferrous metal industry and the impact of green development pattern of its,investigate its main reason lies in the non-ferrous metal industry high degree of dependence on environmental protection technology research and development,and managers for research and development and the environmental protection investment adds to the cost of enterprise,cause the loss of enterprise value,so the enthusiasm of inadequate governance in technology research and development and the environment.In order to solve this problem,this paper selected H smelting company with excellent environmental performance in the nonferrous metal industry as the study case,added environmental indicators based on energy consumption and emissions per unit ofindustrial added value as the standard,and evaluated its enterprise value with the green EVA model under the income method.By comparing the assessment results of traditional methods with those of green EVA,it is found that for non-ferrous metal enterprises with good environmental performance,the application of green EVA can more truly reflect the internal value of the enterprise.Green EVA takes into account the investment in environmental technology research and development and environmental governance of enterprises,which can improve the enthusiasm of managers for environmental protection and fundamentally solve the problems of pollution prevention and control and the lack of subjectivity in environmental protection in the nonferrous metal industry.The green EVA enterprise value assessment method can more accurately reflect the real operating results of enterprises,which also promotes enterprises to actively implement the green development model to improve their competitiveness and gradually achieve the goal of sustainable development.