Research On The Impact Of New Leasing Standards On Financial Perfoemance Of Electric Power Industry

With the development of science and technology,China has entered the era of intelligence,the demand for electricity has increased greatly,the power industry has entered a new stage of development,and the demand for capital has been further expanded,which has brought a large market to the leasing industry.Since 2022,the leasing industry in the country with rapid development,attention,has become a national important economic pillar,and at the end of 2018,the Ministry of Finance has issued the accounting standards for enterprises no.21 —— lease,since 2019,the most important change is to realize the "two rent",requires the lessee to take a single accounting treatment processing leasing business,financial leasing and operating lease assets need to be reflected in the balance sheet,no longer to distinguish.As a representative enterprise in the power industry,Huaneng International has a wide range of business scope.It has a large number of operating leasing before the implementation of the new standards,so it has become the first batch of enterprises to implement the new leasing standards.After the implementation of the new standards,not only the relevant accounting treatment needs to be adjusted,financial indicators change,investment and financing business is affected,the expansion speed of enterprises also needs to be constrained.Therefore,this paper takes Huaneng International as an example,analyzes and discusses the impact of the implementation of the implementation of the new leasing standards on the financial performance of Huaneng International,and puts forward some countermeasures for the implementation of the new standards in the power industry.This article first introduces the relevant theories of leasing standards and financial performance evaluation methods,analyzes the defects of the old leasing standards and the differences between the new and old leasing standards,and selects descriptive analysis and gray correlation analysis as short-term and long-term financial performance evaluation methods;Secondly,analyze the cases of the power industry and Huaneng International to deeply understand the financial situation and leasing situation of the enterprise;Thirdly,analyze the impact of short-term financial performance of enterprises from the perspective of financial statements and financial indicators,and conduct long-term financial performance impact analysis from both vertical and horizontal aspects of enterprise financial performance.Through analysis,it is found that after the implementation of the new standards,the recognition of use rights assets and lease liabilities has had a negative impact on the solvency and operating capacity indicators of enterprises in the short term,but in the long run,These impacts will gradually decrease or even turn into positive impacts.Finally,in view of the impact of the new standards on financial performance of enterprises,this article proposes specific targeted recommendations from two aspects: strengthening risk management and strengthening internal management.In order to explore the impact of the implementation of the new lease standard on the financial performance of the power industry,this article conducted a short-term and long-term financial performance analysis,using the changes in financial indicators of enterprises in the year of the implementation of the new lease standard as a short-term financial performance impact analysis.In the long-term financial performance analysis,the financial indicators under the 2019 old standard were predicted and compared horizontally with the actual financial performance Conduct a longitudinal comparison of financial performance changes before and after the implementation of the new standards,combining case studies with empirical research,and conducting short-term analysis and gray correlation analysis through descriptive statistical analysis.The conclusions obtained are basically consistent,providing suggestions for enterprises to implement the new leasing standards.This article hopes to deepen the understanding of the new leasing standards in the power industry and provide reference for the implementation of the new leasing standards in the power industry,It also promotes the improvement of the new standards.