ZY有限公司粉煤灰輕質(zhì)保溫建材項目投資效益分析
發(fā)布時間：2018-09-06 09:20
【摘要】：ZY有限公司（以下簡稱ZY公司）擬進行粉煤灰輕質(zhì)保溫建材建設項目，項目總投資10537.58萬元。其中建設投資9801.78萬元，流動資金735.79萬元。項目建設期定為1年，建設工期擬安排為9個月。建設規(guī)模為蒸壓粉煤灰加氣混凝土砌塊生產(chǎn)線1條，達產(chǎn)后可年產(chǎn)30萬m3蒸壓粉煤灰加氣混凝土砌塊，其中B05級、B07級各15萬m3。估算正常年銷售收入為7650.00萬元。 本文在明確技術經(jīng)濟學基本理論和評價指標的基礎上，綜合考慮投資項目的政策影響、市場預期、技術保證、環(huán)保、節(jié)能等各方面因素，利用工程經(jīng)濟學、技術經(jīng)濟與管理、人力資源管理、財務分析、項目評估等方面的理論知識建立相應的評價指標對項目進行分析評價。并對以上內(nèi)容進行歸納整理，采用靜態(tài)分析與動態(tài)分析相結(jié)合的方法，科學論證與實踐操作相結(jié)合，對項目指標體系進行評價與分析，為項目的投資決策作出正確結(jié)論，判斷投資是否可行。本論文的主要研究內(nèi)容如下： 第一，隨著實心黏土磚逐步退出建筑市場，新型墻體材料已進入空前繁榮的發(fā)展時期。面對當?shù)厮赜械馁Y源優(yōu)勢和政府的扶植政策，開發(fā)粉煤灰新型墻體材料完全符合我國國民經(jīng)濟可持續(xù)發(fā)展戰(zhàn)略的需要。 發(fā)展節(jié)能、環(huán)保的建筑保溫墻體材料，也是建筑行業(yè)節(jié)約能源、保護環(huán)境，實施可持續(xù)發(fā)展戰(zhàn)略的客觀要求。為了響應國家節(jié)能減排號召，順應新型墻體材料發(fā)展潮流，ZY資源開發(fā)有限公司提出了建設年產(chǎn)30萬m3蒸壓粉煤灰加氣混凝土砌塊項目。項目投產(chǎn)后，可生產(chǎn)出優(yōu)質(zhì)建筑保溫墻體材料，服務于建筑業(yè)，有效降低建筑能耗。在企業(yè)取得預期經(jīng)濟效益的同時，滿足建筑節(jié)能降耗的需求，實現(xiàn)經(jīng)濟效益、社會效益與環(huán)境效益的統(tǒng)一，并可為圖們市的建筑節(jié)能貢獻一份力量。 第二，我國建筑業(yè)的發(fā)展必然帶動建材業(yè)的發(fā)展，同時也會對建材業(yè)提出更高的要求。無論是新的節(jié)能建筑的建設，還是對既有建筑進行節(jié)能改造，都不同程度地促進了環(huán)保、節(jié)能建筑材料的發(fā)展，也為蒸壓粉煤灰加氣混凝土砌塊產(chǎn)品提供了廣闊的市場空間。 項目全部建成達產(chǎn)后，可年產(chǎn)30萬m3蒸壓粉煤灰加氣混凝土砌塊。粉煤灰是項目生產(chǎn)的主要原料，摻加量70%以上，項目生產(chǎn)用粉煤灰價格低于市場價格一倍以上，而項目生產(chǎn)的另一種原料脫硫石膏是SY有限公司自備電廠的廢棄物，價格遠遠低于市場價格，因此，在基本相同的生產(chǎn)條件下，項目產(chǎn)品成本極低，具有極強的競爭力，能夠具有穩(wěn)定的市場占有率�？烧紙D們市及周邊全部墻材市場6%左右的市場份額。 項目產(chǎn)品蒸壓粉煤灰加氣混凝土砌塊，將重點銷往圖們市區(qū)及周邊地區(qū)建筑市場。在銷售的過程中，，通過建立銷售網(wǎng)絡體系、強化傳統(tǒng)銷售方式，開拓潛在市場，擴大產(chǎn)品市場份額。在互聯(lián)網(wǎng)等相關媒體上發(fā)布廣告，宣傳產(chǎn)品的優(yōu)越性和可靠性，并參加各類活動提高項目產(chǎn)品的知名度，在新型墻體材料市場中搶占制高點。 第三，項目的擬建廠址位于圖們市SY有限公司內(nèi)，廠區(qū)內(nèi)有鐵路專用線，區(qū)域交通運輸非常便利，完全可以滿足本項目設備、原材料及產(chǎn)品的運輸需要，布局合理。項目主要原材料粉煤灰、脫硫石膏來源于SY有限公司，其他材料均來自于延邊州當?shù)夭牧鲜袌�。本項目生產(chǎn)用水主要包括配料成型用水及蒸汽用水，年生產(chǎn)用水量約101190t；生活用水按人均0.1t/d考慮，年用水量約3600t；消防水池蓄水200t。生產(chǎn)生活用水合計104790t/a。利用廠區(qū)內(nèi)1眼出水量25t/h機井供水，完全可以滿足生產(chǎn)及消防用水需要。因此，從原材料供應、運輸方面看，項目建設具有得天獨厚的優(yōu)勢條件。 本項目為一般工業(yè)項目，采取的環(huán)境治理措施是比較有效的先進措施，其三廢經(jīng)過治理后，排放的廢渣、粉塵、廢水等均可達到國家排放標準要求，對周圍的環(huán)境不會造成影響。 第四，項目總投資為項目建設投資、建設期利息及流動資金之和，本項目總投資為10537.58萬元，其中建設投資包括工程建設直接費用、工程建設其他費用及基本預備費三個部分，合計為9801.78萬元。項目建設投資全部通過自籌解決，則不發(fā)生建設期利息；流動資金估算采用分項詳細估算法，即對存貨、現(xiàn)金、應收賬款和應付賬款四項內(nèi)容進行估算，估算金額為735.79萬元。根據(jù)圖們市墻材市場情況，確定項目蒸壓粉煤灰加氣砼砌塊B05級的出廠價格為240.00元／m3，B07級的出廠價格為270.00元／m3，本項目正常年銷售收入為7650.00萬元。正常年總成本費用5096.55萬元，其中固定成本為1511.64萬元，可變成本3584.91萬元，經(jīng)營成本4742.63萬元，達產(chǎn)年利潤總額為2469.67萬元。項目全部投資回收期（稅前）為4.97年（包括建設期1年）。 由敏感性分析表可以看出：銷售收入因素變動對企業(yè)經(jīng)濟效益影響最為敏感。當銷售收入增加10%時，項目財務內(nèi)部收益率為32.39％，高于設定基準收益率20.39個百分點，當銷售收入降低17.76%，項目內(nèi)部收益率才降至設定的基準收益率，銷售收入風險較小。 盈虧平衡分析計算結(jié)果表明，當項目生產(chǎn)能力利用率達到41.12％時，企業(yè)可獲得盈虧平衡，表明項目具有很強的抗風險能力。 綜上所述，該項目盈利能力較強，具有較強的財務生存能力。該項目盈虧平衡點較低，具有較強的抗風險能力，對各種因素的變化具有較強的承受能力。該項目符合國家節(jié)能減排的戰(zhàn)略產(chǎn)業(yè)政策，有利于推動當?shù)毓?jié)能減排目標的完成，而且可以享受國家減免稅的優(yōu)惠政策，具有較好的經(jīng)濟效益和社會效益。 本論文以技術經(jīng)濟學理論知識為指導，通過對資金籌措、生產(chǎn)規(guī)模、產(chǎn)品定價、成本估算、利稅以及項目投資財務凈現(xiàn)值（稅前、稅后）、投資回收期、盈虧平衡分析和敏感性分析等，科學的論證的本項目投資的合理性和可行性，鑒于該項目可行性分析以及可觀的經(jīng)濟效益，該投資是可行的。
[Abstract]:ZY Company Limited (hereinafter referred to as ZY Company) intends to carry out the construction project of fly ash lightweight thermal insulation building materials with a total investment of 10.5358 million yuan. Among them, the construction investment is 98.01 78 million yuan and the working capital is 7.3579 million yuan. The annual output of autoclaved fly ash aerated concrete block after production is 300,000 m3, of which B05 and B07 are 150,000 m3 respectively. The annual sales revenue is estimated to be 7650 million yuan.
On the basis of defining the basic theory and evaluation index of technical economics, this paper comprehensively considers the policy influence of investment projects, market expectation, technical guarantee, environmental protection, energy saving and other factors, and establishes corresponding evaluation by using the theoretical knowledge of Engineering economics, technical economy and management, human resource management, financial analysis, project evaluation and so on. Price index carries on the analysis appraisal to the project, and carries on the induction reorganization to the above content, uses the static analysis and the dynamic analysis union method, the scientific demonstration and the practice operation union, carries on the appraisal and the analysis to the project index system, makes the correct conclusion for the project investment decision-making, judges whether the investment is feasible. The contents are as follows:
Firstly, with the gradual withdrawal of solid clay bricks from the construction market, new wall materials have entered an unprecedented period of prosperity. Facing the local unique resource advantages and the government's supporting policies, the development of new fly ash wall materials fully meets the needs of the sustainable development strategy of China's national economy.
To develop energy-saving and environmental-friendly building insulation wall materials is also the objective requirement of energy-saving, environmental protection and sustainable development strategy for the construction industry.In order to respond to the call of national energy-saving and emission reduction and conform to the development trend of new wall materials, ZY Resources Development Co., Ltd. proposed the construction of autoclaved fly ash aerated concrete block with an annual output of 300,000 m3. After the project is put into operation, high-quality building insulation wall materials can be produced to serve the construction industry and effectively reduce building energy consumption. While achieving the expected economic benefits, enterprises can meet the needs of building energy saving and consumption reduction, achieve the unity of economic benefits, social benefits and environmental benefits, and contribute to building energy saving in Tumen.
Second, the development of China's construction industry will inevitably lead to the development of building materials industry, but also put forward higher requirements for building materials industry. For a broad market space.
Fly ash is the main raw material for the project production. The price of fly ash for the project production is more than twice the market price. Another raw material for the project production is desulfurization gypsum, which is the waste from the self-provided power plant of SY Co., Ltd. The price is far from enough. Far below the market price, therefore, under the same basic production conditions, the project product cost is extremely low, has a strong competitiveness, and can have a stable market share.
The autoclaved fly ash aerated concrete block of the project product will be sold to the construction market of Tumen city and its surrounding areas. In the process of sales, through the establishment of sales network system, strengthening the traditional sales methods, opening up the potential market, expanding the market share of the product. Publish advertisements on the Internet and other relevant media to publicize the superiority and feasibility of the product. Reliability, and participate in various activities to enhance the visibility of the project products, in the new wall material market to seize the commanding height.
Thirdly, the proposed site of the project is located in SY Company Limited of Tumen City. There are special railway lines in the factory area. The regional transportation is very convenient. It can completely meet the transportation needs of the equipment, raw materials and products of the project. The main raw materials of the project are fly ash, desulphurization gypsum comes from SY Company Limited and other materials come from Yanbian. This project mainly includes batching and molding water and steam water, the annual production water consumption is about 10190t; domestic water consumption per capita is 0.1t/d, the annual water consumption is about 3600t; fire pool water storage is 200t. The total production and domestic water consumption is 104790t/a. The water supply can be completely satisfied by using one well outlet water volume of 25t/h in the factory area. Water for production and fire fighting is needed. Therefore, from the aspects of raw material supply and transportation, the project construction has unique advantages.
This project is a general industrial project. The environmental treatment measures adopted are more effective and advanced measures. After the treatment of the three wastes, the waste residue, dust and waste water discharged can meet the requirements of the national discharge standards and will not affect the surrounding environment.
Fourthly, the total investment of the project is the construction investment of the project. The total investment of the project is 105.3758 million yuan, including the direct cost of the project construction, the other cost of the project construction and the basic reserve fee. The total investment of the project is 98.01.78 million yuan. All the construction investment of the project is solved by self-financing, but it will not happen. Interest during the construction period; the liquidity is estimated by the method of sub-item detailed estimation, i.e. inventory, cash, accounts receivable and accounts payable. The estimated amount is 7.3579 million yuan. According to the wall material market situation of Tumen City, the factory price of autoclaved fly ash aerated concrete block B05 grade is 240.00 yuan/m3, B07 grade is determined. The normal annual sales revenue of this project is 7650.5 million yuan/m3. The total annual cost of the project is 50965.5 million yuan, of which the fixed cost is 15.5164 million yuan, the variable cost is 35.8491 million yuan, the operating cost is 47.4263 million yuan, and the total annual profit is 24.6967 million yuan.
From the sensitivity analysis table, it can be seen that the change of sales income is the most sensitive factor to the economic benefits of enterprises. When sales income increases by 10%, the financial internal rate of return of the project is 32.39%, which is higher than the set benchmark rate of return of 20.39 percentage points. When sales income decreases by 17.76%, the internal rate of return of the project is reduced to the set benchmark rate of return. The risk of selling revenue is small.
The results of break-even analysis show that when the utilization ratio of project production capacity reaches 41.12%, the enterprise can obtain break-even, which indicates that the project has a strong ability to resist risks.
To sum up, the project has a strong profitability and financial viability. The project has a low break-even point, a strong ability to resist risks, and a strong ability to withstand changes in various factors. It can enjoy preferential policies of state tax reduction and exemption, and has better economic and social benefits.
Guided by the theoretical knowledge of technical economics, this paper scientifically demonstrates the rationality and feasibility of the project investment through fund raising, production scale, product pricing, cost estimation, profit and tax, as well as the project investment financial net present value (before and after tax), investment payback period, profit and loss balance analysis and sensitivity analysis. It is feasible to conduct investment analysis and considerable economic benefits.
【學位授予單位】：吉林大學
【學位級別】：碩士
【學位授予年份】：2013
【分類號】：F275;F426.92
本文編號：2225900
[Abstract]:ZY Company Limited (hereinafter referred to as ZY Company) intends to carry out the construction project of fly ash lightweight thermal insulation building materials with a total investment of 10.5358 million yuan. Among them, the construction investment is 98.01 78 million yuan and the working capital is 7.3579 million yuan. The annual output of autoclaved fly ash aerated concrete block after production is 300,000 m3, of which B05 and B07 are 150,000 m3 respectively. The annual sales revenue is estimated to be 7650 million yuan.
On the basis of defining the basic theory and evaluation index of technical economics, this paper comprehensively considers the policy influence of investment projects, market expectation, technical guarantee, environmental protection, energy saving and other factors, and establishes corresponding evaluation by using the theoretical knowledge of Engineering economics, technical economy and management, human resource management, financial analysis, project evaluation and so on. Price index carries on the analysis appraisal to the project, and carries on the induction reorganization to the above content, uses the static analysis and the dynamic analysis union method, the scientific demonstration and the practice operation union, carries on the appraisal and the analysis to the project index system, makes the correct conclusion for the project investment decision-making, judges whether the investment is feasible. The contents are as follows:
Firstly, with the gradual withdrawal of solid clay bricks from the construction market, new wall materials have entered an unprecedented period of prosperity. Facing the local unique resource advantages and the government's supporting policies, the development of new fly ash wall materials fully meets the needs of the sustainable development strategy of China's national economy.
To develop energy-saving and environmental-friendly building insulation wall materials is also the objective requirement of energy-saving, environmental protection and sustainable development strategy for the construction industry.In order to respond to the call of national energy-saving and emission reduction and conform to the development trend of new wall materials, ZY Resources Development Co., Ltd. proposed the construction of autoclaved fly ash aerated concrete block with an annual output of 300,000 m3. After the project is put into operation, high-quality building insulation wall materials can be produced to serve the construction industry and effectively reduce building energy consumption. While achieving the expected economic benefits, enterprises can meet the needs of building energy saving and consumption reduction, achieve the unity of economic benefits, social benefits and environmental benefits, and contribute to building energy saving in Tumen.
Second, the development of China's construction industry will inevitably lead to the development of building materials industry, but also put forward higher requirements for building materials industry. For a broad market space.
Fly ash is the main raw material for the project production. The price of fly ash for the project production is more than twice the market price. Another raw material for the project production is desulfurization gypsum, which is the waste from the self-provided power plant of SY Co., Ltd. The price is far from enough. Far below the market price, therefore, under the same basic production conditions, the project product cost is extremely low, has a strong competitiveness, and can have a stable market share.
The autoclaved fly ash aerated concrete block of the project product will be sold to the construction market of Tumen city and its surrounding areas. In the process of sales, through the establishment of sales network system, strengthening the traditional sales methods, opening up the potential market, expanding the market share of the product. Publish advertisements on the Internet and other relevant media to publicize the superiority and feasibility of the product. Reliability, and participate in various activities to enhance the visibility of the project products, in the new wall material market to seize the commanding height.
Thirdly, the proposed site of the project is located in SY Company Limited of Tumen City. There are special railway lines in the factory area. The regional transportation is very convenient. It can completely meet the transportation needs of the equipment, raw materials and products of the project. The main raw materials of the project are fly ash, desulphurization gypsum comes from SY Company Limited and other materials come from Yanbian. This project mainly includes batching and molding water and steam water, the annual production water consumption is about 10190t; domestic water consumption per capita is 0.1t/d, the annual water consumption is about 3600t; fire pool water storage is 200t. The total production and domestic water consumption is 104790t/a. The water supply can be completely satisfied by using one well outlet water volume of 25t/h in the factory area. Water for production and fire fighting is needed. Therefore, from the aspects of raw material supply and transportation, the project construction has unique advantages.
This project is a general industrial project. The environmental treatment measures adopted are more effective and advanced measures. After the treatment of the three wastes, the waste residue, dust and waste water discharged can meet the requirements of the national discharge standards and will not affect the surrounding environment.
Fourthly, the total investment of the project is the construction investment of the project. The total investment of the project is 105.3758 million yuan, including the direct cost of the project construction, the other cost of the project construction and the basic reserve fee. The total investment of the project is 98.01.78 million yuan. All the construction investment of the project is solved by self-financing, but it will not happen. Interest during the construction period; the liquidity is estimated by the method of sub-item detailed estimation, i.e. inventory, cash, accounts receivable and accounts payable. The estimated amount is 7.3579 million yuan. According to the wall material market situation of Tumen City, the factory price of autoclaved fly ash aerated concrete block B05 grade is 240.00 yuan/m3, B07 grade is determined. The normal annual sales revenue of this project is 7650.5 million yuan/m3. The total annual cost of the project is 50965.5 million yuan, of which the fixed cost is 15.5164 million yuan, the variable cost is 35.8491 million yuan, the operating cost is 47.4263 million yuan, and the total annual profit is 24.6967 million yuan.
From the sensitivity analysis table, it can be seen that the change of sales income is the most sensitive factor to the economic benefits of enterprises. When sales income increases by 10%, the financial internal rate of return of the project is 32.39%, which is higher than the set benchmark rate of return of 20.39 percentage points. When sales income decreases by 17.76%, the internal rate of return of the project is reduced to the set benchmark rate of return. The risk of selling revenue is small.
The results of break-even analysis show that when the utilization ratio of project production capacity reaches 41.12%, the enterprise can obtain break-even, which indicates that the project has a strong ability to resist risks.
To sum up, the project has a strong profitability and financial viability. The project has a low break-even point, a strong ability to resist risks, and a strong ability to withstand changes in various factors. It can enjoy preferential policies of state tax reduction and exemption, and has better economic and social benefits.
Guided by the theoretical knowledge of technical economics, this paper scientifically demonstrates the rationality and feasibility of the project investment through fund raising, production scale, product pricing, cost estimation, profit and tax, as well as the project investment financial net present value (before and after tax), investment payback period, profit and loss balance analysis and sensitivity analysis. It is feasible to conduct investment analysis and considerable economic benefits.
【學位授予單位】：吉林大學
【學位級別】：碩士
【學位授予年份】：2013
【分類號】：F275;F426.92
【參考文獻】
相關期刊論文 前3條
1 陳剛;湯俊;;上�；炷列袠I(yè)用粉煤灰問題分析及對策研究[J];粉煤灰綜合利用;2010年01期
2 張峰;王穎;;利用金礦尾礦生產(chǎn)新型建筑材料[J];磚瓦世界;2009年09期
3 李從典;;我國蒸壓磚發(fā)展現(xiàn)狀和前景[J];墻材革新與建筑節(jié)能;2010年01期
相關碩士學位論文 前1條
1 張志紅;建筑廢棄物再生利用的調(diào)查與研究[D];山東科技大學;2006年
本文編號：2225900
本文鏈接：http://sikaile.net/guanlilunwen/shengchanguanlilunwen/2225900.html
最近更新
教材專著
