The Research On The Method Of Controlling Operating Risk In Umicore Zinc Chemical Ltd..

With the continual development of economic globalization and the increasingly aggravation of energy crisis, the operating of the metal manufacture enterprises are facing more and more uncertain factors. As the important resource industry, the metal manufacture enterprises are the basic sector of the national economy. China is strengthening to build infrastructures, the demand for metal product is growing increasingly, and attracting numerous investors, the production capacity is expanding rapidly. But as a kind of non-renewable resources, the metal mineral production capacity is limited, the contradiction between supply and demand is becoming more sharp. Adding the speculation in metal market and changes in international economic situation, the metal manufacture enterprises need to handle the price fluctuation of the metal market, on the other hand, also need to deal with the keen competition that comes from competitors. It will require enterprises to enhance their internal management and to strengthen the capacity to guard against risks.The operating risks of the metal manufacture enterprises can be divided into two parts according to its source: one part comes from the enterprise internal management risks, another part comes from the external market risks. In the side of internal risks, the enterprises must to strengthen internal control and to establish the internal control system. On the April 26th 2010,the Treasury Department, China Securities Regulatory Commission, Auditing Department, China Banking Regulatory Commission, China Insurance Regulatory Commission joined together to release <<enterprises internal control supporting guidelines>>, along with the previous <<basic standard for enterprise internal control>>, it showed that China's enterprise internal control standard system which adapt to the domestic actual situation and absorb the advanced experience have completed basically. China internal control system is based on the COSO framework that was released by U.S.A. Committee of Sponsoring Organizations of the National Commission of Fraudulent Financial Reporting. COSO is not the only internal control framework, but it was sole framework recommended by USA Securities & Exchange Commission, at the same time, the <<Sarbanes-oxley Act>> 404th clause also showed clearly it can as a standard of enterprise internal control assessment. In domestic, the standard system of internal control has not yet full completed, the metal manufacture enterprises should to establish the internal control system based on the COSO framework, and compliance with all of internal control regulatory that has been published by government. As to external control, it is same important to improve the management and enhance capacity to guard against risks. The metal manufacture enterprises should to adopt the flexible, rigorous operating policy, refer to advanced management mode, such as the"just in time"etc, set up management system with highly sensitive to the market, improve assets utilization efficiency. At the same time, apply legal financial instruments, such as the futures hedging, to actively handle the price fluctuation in metal market.As the core of enterprise management, financial management needs to be reconstructed in resources, policy and even ideology. In this paper, I analyzed the metal enterprise financial management's goal, contents, functions and methods, and combined to the characteristics of the enterprise, to provide some suggestions for enhancing the financial management and guard against operating risks in metal manufacture enterprises.