Financial Strategy Analysis Of Coal Enterprises Under The Guidance Of Carbon Neutrality Goa

The vision of carbon neutralization draws a grand blueprint for China to achieve carbon emission reduction.China give the world words: to strive to achieve carbon peak by 2030 and carbon neutralization by 2060.As China’s basic energy,coal will still be in an important position for a long time.Therefore,controlling the total amount of coal consumption is the top priority of carbon emission reduction.In this paper,based on the carbon neutralization goal,we improved the conventional financial strategy matrix.Based on the three dimensional matrix of sustainable development theory,financial management goal theory,strategic financial goal theory and innovative financial strategy,the comprehensive management of quantitative and quantitative quantitative analysis methods,from 2015 to 2019 against the four indicators of the financial strategy matrix of the Chinese coal industry Calculates sales growth rate,sustainable growth rate,investment returns,and capital costs.This paper presents a new concept of financial strategy by constructing a three-dimensional matrix of financial strategy.The research shows that under the guidance of carbon neutralization goal,the financial strategy of coal industry currently has the following problems:(1)high financing cost,single channel and unreasonable capital structure;(2)The cost of ecological investment has decreased significantly year by year;(3)High expenses during the period lead to rising operating costs,which is not conducive to the investment of environmental funds;(4)While the net profit decreased significantly,the dividend distribution continued to rise.Therefore,the coal industry should(1)improve the capital structure,broaden financing channels and build a diversified financing system;(2)Increase investment in environmental governance and research and development of carbon emission reduction technologies;(3)Carry out green operation,reduce production costs and improve the level of operation capacity;(4)Expand the capital accumulation of carbon neutralization projects and formulate a reasonable dividend distribution plan.Through the research of this paper,the following conclusions are drawn.First of all,under the guidance of carbon neutrality goal,the future operation of the coal industry still faces various risks,and the financial strategy implemented at this stage still can not meet the industry goal changed by environmental regulation.Secondly,although the coal industry is the main energy industry in China,it should still be vigilant in times of safety and formulate appropriate financial strategies to achieve China’s carbon neutrality goal.Finally,the application of three-dimensional financial strategy matrix has adaptability and pertinence for the financial strategy analysis of coal industry.