The Study On Intergration Of Industry And Finance Synergistic Efficiency Of Electric Power Enterprise

In recent years,under the policy guidance of state-owned assets supervision and administration,more and more electric power state in the reform,development and expansion of its electric power business at the same time,are no longer confined to the traditional entity industry profits,attaches great importance to the coordinated development of financial business,positive financial industry layout,the internal part of its resources into the high-risk high-yield characteristics of financial industry,combine to produce melting into the overall development plan,promote the integration of industry and finance to improve the group’s overall profitability and profitability efficiency.In this process,in order to realize the integration of industrial capital and financial capital,the means adopted by the central enterprise groups include setting up financial companies or holding some shares of banks,securities,insurance and other financial institutions,infiltrating into the financial industry to varying degrees.In the process of combining industrial capital with financial capital,the development of financial business provides sufficient funds for the development of the industry and saves the cost of capital.The development of real industry also provides guarantee for the development of the financial industry.The two cooperate with each other and improve the efficiency of enterprises.However,due to the inherent high-risk characteristics of the financial industry,this move greatly increases the operating risks of the central power enterprises.In the process of development,due to a certain degree of disconnection between the business of the financial sector and the corporate strategy,as well as insufficient talent reserve in the financial sector and other problems,although a large amount of capital has been invested,the expected benefits have not been achieved.Electric power industry investment construction cycle is long,investment is high,if the power state with melting just for a short time in order to utilize the characteristics of the financial industry high yield increase profits,ignoring the financial business and the electric power business synergies,once the outbreak of the financial business risk,will inevitably spread to the original electric power industry,enterprise security threatening.Based on the theory of synergistic effect,this paper investigates whether the central electric power enterprises can make full use of their respective advantages of financial capital and industrial capital and their synergistic effect to achieve expected benefits in the process of combining industry and finance.In order to investigate whether power state play synergies of financial capital and industrial capital,according to the correlation theory construct the correlation equation,the selection of state power in 2018-2020 data of listed companies,corporate profitability and the relevance of the scale of industrial capital and financial capital,which inspects listed power company with harmony of economic benefit.The research finds that the integration of industry and finance of most central electric power enterprises does not produce expected synergistic benefits,and the development of their financial business does not bring due contributions to the overall synergistic development of enterprises.Through further sorting and summary,it is found that the problems existing in the combination of industry and finance in the central electric power enterprises are mainly the lack of overall planning in the development of financial sector business,which leads to the isolation of financial business and industrial business and the inability to exert synergistic effect.Lack of motivation to develop financial business,as well as the combination of industry and finance is not deep,still stay at a relatively shallow level.In addition,this paper selected China Resources Power As a specific case,sorted out its various attempts in the combination of industry and finance,and analyzed the results achieved by the combination of industry and finance.Through the analysis,it is found that Through the combination of industry and finance,China Resources Power has made great contributions to expanding the scale of clean energy power plants and increasing the proportion of clean energy power generation.Analyze the experience of China Resources Power in the process of combination of industry and finance.China resources power can be seen in melt in the process of the combination of production,adhere to the enterprise itself the main development direction,to match the enterprise vigorously develop clean energy strategy,make full use of external and internal power professional human resource financial talent,China resources power and financial institutions do strategic highly unified,the human resource synergy,for our country electric power state with melting pointed out the direction of the path.Based on the analysis of the benefits obtained by the combination of industry and finance of China Resources Power and the reasons for it,this paper puts forward suggestions on how to continue to develop the combination of industry and finance of China’s central power enterprises and obtain the expected benefits.