Proceedings of the 3rd International Conference on Big Data Economy and Digital Management, BDEDM 2024, January 12–14, 2024, Ningbo, China

Research Article

Research on Fixed Asset Management System for Power Grid Enterprises Based on Long Term Value Goals

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  • @INPROCEEDINGS{10.4108/eai.12-1-2024.2347295,
        author={Yafang  Zhu and Yingjin  Ye and Lan  Lin and Qifan  Wu},
        title={Research on Fixed Asset Management System for Power Grid Enterprises Based on Long Term Value Goals},
        proceedings={Proceedings of the 3rd International Conference on Big Data Economy and Digital Management, BDEDM 2024, January 12--14, 2024, Ningbo, China},
        publisher={EAI},
        proceedings_a={BDEDM},
        year={2024},
        month={6},
        keywords={fixed asset management enterprise value power grid enterprises long term value goals},
        doi={10.4108/eai.12-1-2024.2347295}
    }
    
  • Yafang Zhu
    Yingjin Ye
    Lan Lin
    Qifan Wu
    Year: 2024
    Research on Fixed Asset Management System for Power Grid Enterprises Based on Long Term Value Goals
    BDEDM
    EAI
    DOI: 10.4108/eai.12-1-2024.2347295
Yafang Zhu1,*, Yingjin Ye1, Lan Lin2, Qifan Wu1
  • 1: State Grid Fujian Economic Research Institute
  • 2: State Grid Fujian Zhangzhou Electric Power Supply Company
*Contact email: 1121974909@qq.com

Abstract

As an important foundational industry related to national economy and people's livelihood, power grid enterprises have a single product structure and a large asset scale. Their unique industry attributes determine that they need to focus on the long-term sustainable development of the enterprise. Power grid enterprises have the characteristic of being capital intensive, with fixed assets accounting for a significantly higher proportion than other types of assets, but the profit margin and turnover rate of fixed assets are relatively low. The current fixed asset management of power grid enterprises pursues maximum profit (or EVA), which can easily lead to short-term behavior in the process of fixed asset management. In the long run, it is not conducive to continuously improving enterprise value. Therefore, how to improve the input-output efficiency of fixed assets in power grid enterprises, improve and optimize the management of fixed assets, implement scientific investment, and continuously enhance enterprise value have become key issues in fixed asset management of power grid enterprises. On the basis of analyzing the relationship between fixed asset management behavior and long-term value goals, this article proposes a fixed asset management system for power grid enterprises based on long-term value goals. Finally, the expected implementation effect of the fixed asset value management method was demonstrated through examples.