Research On Comprehensive Evaluation Of Financial Risk In Electrical Manufacturing Listed Companies

The manufacturing industry, as pillar industry of our national economy, accounts for a large proportion of listed companies. However, due to the increasingly fierce market competition, some listed manufacturing companies have become at financial risk. Therefore, the establishment of an effective system and model of financial risk assessment will make a contribution to their valuation concerning financial risk. As a result of such a system, corresponding risk control and prevention measures will help some companies avoid being bogged down by financial risk. An established model of financial risk assessment will also be of benefit to the healthy development of China's capital market as well as providing application value and theoretical significance for raising the social capital efficiency and profitability.This paper stated the relevant basic theories, expounding the fuzzy comprehensive evaluation method which can evaluate the financial risk of the listed electrical manufacturing company. Through the analysis of main functions about the financial risk, we draw the conclusion that there were some problems in the process of risk rating, according to which we found out the key factors in the financial risk and established relevant evaluation index system. The index system of financial risk evaluation is made up of 16 indicators which are selected from six different aspects. This paper introduced AHP to determine the weight of all the indicators, and then constructed the financial risk assessment model by fuzzy comprehensive evaluation method in order to evaluate the financial risk of the listed electrical manufacturing companies. This paper collected the latest 3 years'financial data of the 30 sample companies to define the standard of the different levels of the assessment indicators. Then, it evaluated the financial risk of Tai Yuan TianLong Group CO.,LTD from six aspects which are solvency and asset management ability, profit ability, growth ability, equity expansion ability and cash flow capacity. In the end, this paper proposed some relevant measures about risk management, expecting to help Tai Yuan TianLong Group promote its risk assessment and management, and verify the applicability of the model. It also provided theoretical reference about financial risk management for the government and investors.