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2013年以来,随着煤炭价格的回落,火电企业业绩有所好转,多数开始扭亏甚至盈利。但是目前的盈利尚不足弥补先前的巨额亏损,更无法在短期内扭转其资产负债率过高、融资结构不合理的现状。“环保风暴”的掀起,各火电企业面临着环保改造所需巨额资金的缺口。采用售后回租这种融资方式,不仅可以及时筹集到大量的资金用于环保改造的投入,更能改善火电企业目前短期负债过高这种畸形的融资结构,为高负债火电企业形成健康的融资结构争取时间。
Since 2013, with the fall of coal prices, the performance of thermal power enterprises has improved, and most have turned losses and even profits. However, the current profits are not enough to make up for the previous huge losses, but can not reverse the current situation of excessively high debt-to-asset ratio and irrational financing structure in a short period of time. “Environmental Storm ” set off, the thermal power enterprises are facing huge amounts of funding needed for environmental reform gap. With the financing of after-sale rent-back, not only can a large amount of funds be raised in time for investment in environmental protection reform, but also the abnormal financing structure of thermal power enterprises, which is currently over-short-term in debt, can be improved, forming a healthy financing for high-liability thermal power enterprises Structure for time.