Researchon Financial Risk Analysisand Control Strategy Of Shandong Ironand Steel Group

At present,due to the impact of environmental protection,epidemic,war,enterprise merger and other problems,the internal and external situation of enterprises in the steel industry is becoming increasingly severe.As an important operational and constructive index of iron and steel enterprises,finance is related to their future development.However,due to the impact of the environment and the internal transformation and upgrading of the enterprise,the financial risks of steel enterprises are becoming more and more prominent.In the complex economic reform,it is very important to analyze and solve the financial risks.This paper adopts the literature data method,data analysis method,case analysis method,combined with the relevant theory of financial risk control,takes Shandong Iron and Steel Group Co.,Ltd.as an example,systematically analyze its financial risk problems,and gives reasonable countermeasures.Firstly,the financial statement analysis method,index analysis method and industry comparison method are used to identify and analyze the solvency risk,profitability risk,asset operation risk,investment risk,financing risk and other risks of Shandong Iron and Steel Group Co.,Ltd.in detail.Next,select appropriate financial indicators,use the financial data of representative listed companies in the iron and steel industry from2016 to 2021,build a financial risk evaluation system,use factor analysis to reduce the dimension,get the overall risk factors of the industry,rank the factor scores of Shandong Iron and Steel Group Co.,Ltd.,explore its existing risk problems and risk severity,and then objectively evaluate the financial risk of Shandong Iron and Steel Group Co.,Ltd.Finally,according to the different financial risk problems existing in Shandong Iron and Steel Group Co.,Ltd.,a reasonable financial risk control scheme is put forward from the financial risk identification stage,the financial risk analysis and evaluation stage and the financial risk control stage,so as to prevent the further expansion of financial risks and improve the ability of Shandong Iron and Steel Group Co.,Ltd.to resist risks.At the same time,it can also enlighten other iron and steel enterprises to improve their own financial risk prevention mechanism.