A Study On Construction Of Financial Risks Early Warning System In Electricity Power Companies

On account of the forty-year baptism of the modern civilization, China's power industry experienced a huge leap, and became a mainstay industry. After the Eighteenth National Congress of the CPC, China's government's determination to reform the power industry urge power companies to step forward in reinforcing fully risks management.. Electric power system reform is ultimately to break the monopoly, introducing competition, and build market supervision mechanism. Power enterprises should not only face the market competition and new challenge brought by the scientific and rational control policy, and has to face enormous financial risk as well. The damage of financial management can result in enterprise comprehensive financial crisis. Therefore, the electric power enterprise's identification, early warning of financial risk and implementation of research is the key to improve the enterprise value, promote enterprise and stable opeation. The construction of electric power enterprise financial risk early warning system and implement research has also become an important task to the electric power enterprise.This paper first introduces the meaning of financial risk and financial risk early warning mechanism, using the method of the financial risk of the specific forms listed the abstract concept of financial risk.,by using the baud five model analyze the characteristics of the power industry, and eventually extended electric power enterprise financial risk characteristics. By applying improved efficacy coefficient method, using the data of TD pump storage power station, and picking out ten financial indicators, According to the process of collecting initial information, financial risk identification and assessment, financial risk early warning of risk management, in the aspects of profitability, asset quality, debt risk and business growth of the electric power enterprise financial risk identification, assessment and early warning. Finally puts the electric power enterprise financial risk early warning research into the framework of the electric power enterprise financial risk management, consult the COSO internal control framework and China framework to develop the electric power enterprise financial risk management of the overall framework, and introduces 4 w1 h rules for financial risk early warning system design.