New Energy Listed Companies' Financial Risk Prediction And Prevention

With the rapid development of social economy, growing energy demand poses a serious energy crisis, new energy industry is to ease the pressure of energy crisis emerging strategic industries. As the new energy projects with large investment, long cycle, the characteristics of complex technology, return on investment unpredictability and uncertainty in the face of new energy industry is showing convergence accelerating, increasing joint ventures, supply chain globalizing trend,new energy listed company in the face of new opportunities and challenges brought about by the development environment, to grasp the financial stability of the mark to guard against financial risks.Based on the financial risk prediction research base at home and abroad, combined with the new energy company listed on the characteristics of the new energy listed companies' financial risk early warning and prevention research. This paper argues that the new energy policy favorable changes in marketing difficult, high cost of funds, lack of core technology company and the company's poor management led to the start-up phase of new energy listed companies in the start-up phase high financial risk. In order to prevent and control financial risk, paper focuses on the specific performance of the new energy listed companies' financial risks, namely financing risk, liquidity risk, liquidity risk inventory, risk management decision-making and risk selection policy financial indicators, the final new energy listed company solvency,management six development capacity, profitability, cash flow and other financial indicators as well as special selected a total of 25 financial indicators, they established a solvency indicators and cash flow-based indicators, the necessary traditional financial indicators, supplemented by new energy listed companies' financial risk warning indicator system.And using IBM SPSS statistical software to establish a Cox model, we found that the interest coverage ratio, leverage and comprehensive capital expenditures, depreciation and amortization ratio has a significant influence on the new energy listed companies' financial crisis factors.Then use the K-M analysis to obtain the survival probability of survival of each corresponding to the time, and then the baseline survival function estimate, we obtained ultimate function of the Cox model. Through the empirical results of financial early warning model was tested and found that the model established in this paper has a high accuracy rate. Through the results of the model, this paper argues against new energy requirements for listed companies' financial risks for companies warning of financial risk management, focusing on prevention enterprise debt risk and cash flow risk. In addition, new energy by the listed company should also improve the financial risk management process, the establishment offinancial risk response system and improve accountability mechanisms and other consolidation measures for effective prevention of financial risks.