The Analysis And Research Of Green Rotation Performance Of Thermal Power Enterprises

The 14 th Five-year Plan period is the first five years since our country built a well-off society in an all-round way and achieved the first centennial goal.China’s economic development has entered a new stage,and accelerating green and low-carbon transformation and development has become one of the important paths of China’s economic transformation and upgrading.By studying the impact of green transformation on corporate performance,we can better understand the relationship between corporate performance and the environment,and promote high-quality,green and healthy economic development.Coal fired power enterprises are an important part of China’s energy structure and the main force to complete the task of "dual carbon" construction.In the past few years,the coal-fired power industry has embarked on a green transformation and green development strategy due to the influence of national policies,technological changes in the industry and the availability of global energy.As one of the world’s largest producers of clean energy and electricity,Huaneng International has responded positively to the concept and requirements of the country’s green development over the past decade,and has persisted in its strategy of clean,low-carbon and environmentally friendly development.This paper takes Huaneng International as a case study to analyze the reasons of its green transformation from the factors of national policy,industry technology and world pattern.The paper summarizes the important achievements of its transformation,such as optimizing energy structure,developing innovative technology and promoting energy conservation and consumption reduction.This paper analyzes the performance of Huaneng’s green transformation by using entropy method and composite index method to analyze the financial performance of Huaneng over the past six years.Finally,some suggestions are put forward for Huaneng International Green Transition,such as increasing the share of clean energy,using the bargaining power and energy futures of enterprises to hedge the risks caused by energy price fluctuation,and insisting on using the Green Bond of Transition to develop clean energy generation while reducing the debt cost of enterprises,thus increasing the value of enterprises.It also provides a reference for other thermal power enterprises to make the green transition.