Research On Financial Risk Prevention Of HY Electric Power Company

The electric power system reform as a key field of the reform of national economic system task, will bring new opportunities and challenges to a wheel power generation enterprises. Show according to relevant data, balance of power generation enterprises to repay the principal and interest rate is too high, the pressure is higher, and the financial cost is high will affect the development of enterprises, increase the enterprise's financial risk, financial risk prevention of power generation enterprises need to improve.In this paper, according to the basic theory of enterprise financial management, through the analysis of financial indicators of HY electric power company nearly 8 years of financial situation and comparison of HY electric power company and the same industry and different industries, we can see from the debt paying ability, operating ability, profitability and growth indicators, the development of enterprises is weak, the company's financial risk, early warning signal produce. The main problem facing the company:coal supply contradiction, weak profitability, the shortage of funds, financing difficulties, too much debt, asset management level is low, the investment project risk, internal control is not perfect.Research shows that the HY power company's financial risk:the risk of fuel costs, operating risk, investment risk, financing risk, the risk of electricity sale stariff policy; changes in risk, emergencies and natural disaster risk. The causes of the financial risk of the HY electric power company can be divided into the internal environment of the company, the company's external environment. The internal environment of the company are:electricity sales revenues; thermal power business losses year after year; to maintain the high rate of company assets and liabilities. The external environment mainly:reform and growth in demand for electricity power. In addition, there are some defects in the existing financial risk prevention mechanism, is a pressing matter of the moment to establish financial risk prevention mechanism and improve the corresponding.HY electric power company financial risk prevention measures are:the establishment of the coal management system, signed a long-term fuel supply contract, improve coal quality inspection system, set up the inventory risk awareness to prevent the fuel cost of financial risk; to strengthen the control of coal resources, more scientific project investment, to deal with non-performing assets and other measures to guard against financial risk management for the support of the government, do a good job; investment estimate to guard against financial risk investment; broaden the financing channels, improve the enterprise internal control system to prevent the financial risk in financing activities for the annual plan; strategy, cost strategy and dynamic adjustment strategy, and actively explore and develop sales channels to prevent electric power sales financial risk; dynamic adjustment of new forms of power generation. The policy and strategy of risk management to guard against financial risk of electricity price policy; strengthen risk awareness, the establishment of financial risk and internal control system, improve the financial risk early warning system to prevent emergencies and natural disasters, financial risk.