Countermeasures To Prevent Financial Risks Of Electrolytic Aluminium Enterprises

Facing the fierce market competition environment, the objective existence of the financial risks and the importance of financial risk management has been widely recognized in enterprise management activities.China has become the major aluminium producer in global aluminium industry, the excess capacity situation is the common character both in china or world now. By use of the basic theory of the enterprise financial risks management, according to China's aluminium industry characteristics, analyzed the main characteristics of electrolytic aluminium enterprise:amount of investmenting is huge, ratio of asset-liability is high, energy resources and raw materials are main cost of products, price of products and raw materials fluctuates, financial revenue fluctuates,demanding amount of capital investing is huge, daily cash flow is huge.take YG aluminum corporation as an example, analyzed the main financial risk management problems existing in YG aluminum corporation, established risk prevention and risk transfer as the main financial risk management strategy, net assets yield ratio, current ratio, and net amount of the operating cash flow as the core index of financial risk management system, puts forward the target of financial risk maagement in YG aluminum corporation, keeping steady financial capital structure firmly and using hedging to reduce instability of income are key countermeasures in financial management.The strategy,system and concrete measures of financial risk management in YG aluminum corporation is useful, it is a good model to other china's electrolytic aluminium enterprise in practics.