I 摘要 H公司是一家以有色金属循环利用研发为主营业务的高科技企业，为了提高我国 有色金属再生利用科技发展水平，决定建设我国有色金属循环利用研发基地项目。 该项目是对稀贵金属循环利用进行研究性探索，对我国培育新兴产业，实现工业化 生产，降低原生矿开采强度，落实节能减排政策，都具有非常重要的意义。 本文首先在绪论中明确了项目研究的背景、研究的意义、研究的内容和研究方 法，然后从项目层面，对该项目在市场、财务和风险等方面进行了可行性分析。本 文的创新点是把价值工程分析法用在项目可行性研究报告编制过程，利用价值工程 的方法优化比选了项目建设方案，提升了项目价值。 最后,经过综合分析，从财务评价指标上来看，各项指标均达到了业主的投资期 望值，因此该项目是可行的。 关键词：财务分析；财务可行性研究；价值工程。Abstract I Abstract H company is a non-ferrous metal recycling research and development for the main business of high-tech enterprise, in order to improve the level of non-ferrous metal recycling technology development, then decide to build a research and development base of non-ferrous metal recycling project. The project is to research explore of rare metals recycling, to foster new industries in our country, to realize industrialized production, to reduce the intensity of original ore mining, to carry out the policy of energy conservation and emissions reduction, and has very important significance. Firstly, in the introduction of the background research project, meaning, content and research methods of the study and then from the project level, the project is carried out in the market feasibility analysis, financial and risk aspects. The innovation of this paper is to value engineering analysis method used in the project feasibility study report preparation process, using the method of value engineering optimization and selection of the project plan to enhance the value of the project. Finally, after a comprehensive analysis, from the financial evaluation indicators, the indicators have reached the owners of investment expectations, so the project is feasible. Keywords: financial analysis; financial feasibility studies; value engineering.目录 I 目 录 摘要.................................................................................................................I ABSTRACT............................................................................................................I 第 1 章 绪 论.......................................................................................................1 1.1 研究背景和意义............................................................................................................1 1.1.1 研究的背景............................................................................................................1 1.1.2 研究的意义............................................................................................................2 1.2 国内外项目财务可行性研究现状.............................................................................. 2 1.2.1 国外研究的现状....................................................................................................2 1.2.2 国内研究的现状....................................................................................................3 1.3 研究的内容....................................................................................................................5 1.4 研究方法和创新点........................................................................................................6 1.4.1 研究方法................................................................................................................6 1.4.2 创新点.................................................................................................................... 7 第 2 章 项目市场分析.........................................................................................9 2.1 项目概况....................................................................................................................... 9 2.2 市场供求分析................................................................................................................9 2.3 产品价格预测..............................................................................................................12 2.4 市场 SWOT 分析............................................................................................................13 2.4.1 优势与劣势分析..................................................................................................13 2.4.2 机会与威胁分析..................................................................................................14 2.4.3 企业战略选择......................................................................................................15 第 3 章 项目价值工程分析..............................................................................17 3.1 对象的选择..................................................................................................................17 3.2 功能的系统分析及数据收集.....................................................................................17 3.3 功能评价...................................................................................................................... 19 3.4 小结...............................................................................................................................21 第 4 章 项目投资估算和相关报表编制.........................................................22 4.1 投资估算..................................................................................................................... 22 4.1.1 建设投资估算.....................................................................................................22目录 I 4.1.2 流动资金估算.....................................................................................................27 4.1.3 项目总投资和资金筹措....................................................................................29 4.2 营业收入、成本费用及税金估算........................................................................... 30 4.2.1 营业收入估算.....................................................................................................30 4.2.2 成本费用估算.....................................................................................................33 4.3 相关报表编制..............................................................................................................38 4.3.1 资产负债表编制..................................................................................................38 4.3.2 利润表编制..........................................................................................................40 4.3.3 现金流量表编制..................................................................................................42 第 5 章 项目财务分析和风险分析................................................................. 48 5.1 盈利能力分析.............................................................................................................48 5.1.1 静态财务指标分析............................................................................................ 48 5.1.2 动态财务指标分析............................................................................................ 49 5.2 偿债能力分析.............................................................................................................50 5.2.1 资产负债率..........................................................................................................50 5.2.2 流动比率..............................................................................................................51 5.2.3 速动比率..............................................................................................................51 5.3 财务生存能力分析......................................................................................................51 5.4 不确定性分析..............................................................................................................52 5.4.1 盈亏平衡分析......................................................................................................52 5.4.2 敏感性分析.........................................................................................................52 5.5 风险分析...................................................................................................................... 54 结 论....................................................................................................................57