联系我们

论文查询结果	返回搜索

论文编号：	15799
作者编号：	2320213868
上传时间：	2025/12/10 10:26:29
中文题目：	政府补贴退坡背景下J光伏公司的财务风险评价及控制研究
英文题目：	Research on Financial Risk Evaluation and Control of J Photovoltaic Company Against the Backdrop of Declining Government Subsidies
指导老师：	周宝源
中文关键字：	政府补贴退坡；光伏行业；财务风险
英文关键字：	Government subsidy phase-out；Photovoltaic (PV) industry；Financial risk
中文摘要：	随着“双碳”目标的推进和全球能源结构的转型升级，光伏产业作为我国新能源发展的重要支柱，进入高质量发展的新阶段。为推动光伏行业快速发展，我国曾长期实行电价补贴政策，也有效激发了光伏企业投资活力和技术进步，但也在一定程度上造成了企业对补贴的路径依赖。近年来，随着光伏行业逐步走向成熟，国家对于光伏企业的财政补贴政策逐步退坡，部分光伏企业因依赖补贴进行财务运作，未能及时调整发展战略，导致财务风险逐步显现，严重影响企业的可持续发展。因此，在光伏产业迈向市场化的关键时期，如何有效识别和评价企业在补贴退坡环境下的财务风险，并探讨有效的风险控制措施，对于光伏行业的可持续发展具有重要意义。 基于上述背景，本文选择J光伏公司作为案例研究对象，对其政府补退坡下的财务风险进行识别、评价及分析。首先对案例企业的基本概况进行介绍，分析其政府补贴退坡的表现，进而结合企业历年财务数据，围绕筹资风险、投资风险、营运风险及利润分配风险对其政府补贴退坡下的财务风险进行初步识别。进而以筹资风险、投资风险、营运风险及利润分配风险为评价维度，构建了包含15项指标的财务风险评价指标体系，采用CRITIC法—功效系数法对J光伏公司2017年至2024年间的财务风险水平进行定量评价。结果显示，随着政府补贴逐步减少直至完全取消，J光伏公综合财务风险水平显著上升，尤其在2022年至2024年间处于“重大风险”区间，面临的财务风险较为严峻。进一步分析发现，J光伏公司的财务风险的成因主要包括过度依赖补贴导致盈利转型滞后，融资渠道单一且结构不合理，营运管理机制落后以及分红策略缺乏灵活性等方面。基于此，本文针对性地提出了一系列财务风险防控措施，包括推动盈利模式市场化转型、优化融资结构、强化营运管理及优化利润分配机制等。最后对全文进行总结并提出研究展望。
英文摘要：	With the advancement of the "dual carbon" goals and the transformation and upgrading of the global energy structure, the photovoltaic (PV) industry, as a key pillar of China's new energy development, has entered a new stage of high-quality growth. To boost the rapid development of the PV sector, China long implemented electricity price subsidy policies, which effectively stimulated investment vitality and technological progress among PV enterprises, but also led to a certain degree of path dependence on subsidies among enterprises. In recent years, as the PV industry has gradually matured, the government's financial subsidy policies for PV enterprises have been phased out. Some PV enterprises, which relied on subsidies for financial operations and failed to adjust their development strategies in a timely manner, have seen the gradual emergence of financial risks, seriously affecting their sustainable development. Therefore, during the critical period when the PV industry is moving toward marketization, it is of great significance for the sustainable development of the PV industry to effectively identify and evaluate the financial risks of enterprises under the subsidy phase-out environment and explore effective risk control measures. Based on the above background, this paper selects J PV Company as the case study object to identify, evaluate and analyze its financial risks under the phase-out of government subsidies. First, it introduces the basic overview of the case enterprise and analyzes the manifestations of the phase-out of government subsidies. Then, combined with the enterprise's historical financial data, it initially identifies the financial risks under the phase-out of government subsidies from the perspectives of financing risk, investment risk, operational risk and profit distribution risk. Furthermore, taking financing risk, investment risk, operational risk and profit distribution risk as evaluation dimensions, a financial risk evaluation index system including 15 indicators is constructed. The CRITIC method and efficacy coefficient method are used to quantitatively evaluate the financial risk level of J PV Company from 2017 to 2024. The results show that as government subsidies gradually decreased until they were completely cancelled, the comprehensive financial risk level of J PV Company increased significantly, especially falling into the "major risk" range from 2022 to 2024, facing relatively severe financial risks. Further analysis reveals that the causes of J PV Company's financial risks mainly include delayed profit transformation due to over-reliance on subsidies, single and unreasonable financing channels, outdated operational management mechanisms, and inflexible dividend strategies. Based on this, this paper puts forward a series of targeted financial risk prevention and control measures, including promoting the market-oriented transformation of the profit model, optimizing the financing structure, strengthening operational management, and improving the profit distribution mechanism. Finally, the paper summarizes the full text and puts forward research prospects.
查看全文：	预览  下载(下载需要进行登录)