Study On Financial Early Warning Mechanism Of Oilfield Electric Power Enterprises

Along with the reform and opening-up policy and the further development of market economy, the market competition environment become increasingly fierce, as a result, oilfield electric power supply enterprises which is the security of oil exploration and development are facing the severe test. If operation risk and financial risk cannot be found and avoided timely, there will be great trouble to the production and operation of oilfield electric power supply enterprises as well as the oil exploration and development. Therefore, it’s the inevitable choice to establish and improve the financial early warning mechanism for the sustainable development of our oilfield electric power supply enterprises. This paper regards oilfield electric power supply enterprises as the research objects, combined with literature research, standard research and site investigation, etc. and then carries out financial early warning mechanism research of oilfield electric power supply enterprises.First of all, the paper discusses the financial early warning and the concepts and theoretical basis of financial early warning mechanism, combs the common methods of financial early warning, and summarizes the practice experience of domestic and foreign large-scale enterprise. In this way, we can get the relevant and enlightenment from related theory and practice for the study. Secondly, it analyzes production and operation characteristics, basic operating conditions and problems of oilfield electric power supply enterprises compared with general electric power enterprises, and further expounds the necessity of the construction of financial early warning mechanism. Based on the second step, the paper puts forward the objective, principle and framework for financial early warning mechanism of oil field electric power enterprises, which means the paper will design and discuss the financial early warning mechanism from four aspects including the organization mechanism, information acquisition and preprocess mechanism, information analysis and transmission mechanism and crisis handling mechanism. Then it filters some primary indicators by the method of expert investigation, and finally designs the financial early-warning indicator system from financial and non-financial aspects, this way the characteristics of production and industry of oil field electric power enterprises can be fully reflected. When choosing early warning method, through the comparative analysis of various common early warning method, combining the characteristics of the oil field electric power enterprises, the paper finally chooses comprehensive evaluation method of mutation progression method which does not need to consider the weight-setting. In terms of defects of the method, the paper uses numerical transformation ideas for improvement, and builds mutation progression method based on the improved financial early warning model, furthermore, the application model is proposed. At last, the paper views enterprise A as an example to show the application analysis of designed financial early warning mechanism and puts forward the corresponding security measures.