Research On Financial Risk Control In Coal Enterprises

Coal is China’s basic energy, the coal industry is an important basic industries. In the "Twelfth Five-Year Plan" period, the state will adhere to the joint as a link to the resources, capital, technology, Industry, and actively promote the construction of thirteen large coal bases, develop inter-regional, cross-industry, cross-ownership, cross-border coal enterprise groups. Since2001, investment in fixed assets of the coal mining industry has been sustained upward momentum, the results of large-scale investment in fixed assets is a national annual coal production from23.5million tons in2005,’increased to32.4million tons in2010. The rapid increase of coal production, although one can meet the energy demand of the development of the national economy, but on the other hand, greatly increased the risk of coal enterprises. The development of coal enterprises affected by resource storage conditions, the macro economic situation, industry policy, the downstream industry boom, the decision-making and management level of uncertainty. Effects of financial crisis on China’s economy still is in continuously, the coal enterprises are facing a variety of internal and external risks, but the financial risk is the concentrated embodiment of many risk. How to control financial risks, timely find the business potential risks and guard against them,, the protection of investors and creditors and other stakeholders interests has become a new topic in the academic circle, government and enterprises must face. Our research on the control theory of financial risk is relatively backward, on the basis of domestic and foreign financial risk control related research,, combined with the author to participate in the H-Energy Company Limited financial management,, study the relevant subject to control the financial risk of coal enterprises, hoping to provide some experience for the domestic coal enterprise.In this paper, on the basis of strategic management theory, risk control theory, by using the method of case study and normative research, is divided into five parts:the first part is the introduction, introduces the related content of the research background, research significance, research methods; the second part focuses on the basic theories related to financial risk control, including the definition, classification, characteristics and financial risk identification method. The third part mainly focuses on coal enterprises to control financial risks, including China’s coal enterprise financial risk problems and cause analysis, content of the control; the fourth part is the case analysis, reference H energy Limited by Share Ltd financial risk control case, first introduced the basic situation of the company, then made a comprehensive analysis and Study on its financial risk, propose relevant measures to control financial risk. The fifth part is combined with the previous theoretical analysis and case analysis, put forward countermeasures of coal enterprises in our country to build a long-term mechanism to prevent financial risk.Features and innovations of this article, learn domestic and foreign financial risk control mature theories and methods, combined with case studies, based on the special nature of the coal industry financial risk, identify and analyze the coal enterprises financial risk,the quantitative analysis method is applied to financial risk control, put forward the scientific and reasonable risk prevention mechanism. This paper in the research of risk theory systematically and deeply, on the financial risk control in the practical application of industry is an attempt, for the domestic similar enterprises financial risk control it has a certain significance.