Research On The Financing Risk Control Of Private High-tech Enterprises

Private high-tech enterprises take high-tech R & D,production and sales of high-tech products as the main body of private enterprises.It promotes the rapid development of high-tech industry backbone.Private high-tech enterprises is an important part of the strategy of national science and technology,and constantly make a significant contribution to China's economic development,while providing a large number of jobs.Especially in recent years,private high-tech enterprises are becoming more and more and developing faster and faster.Private high-tech enterprises has added fresh blood to China's economic development.It plays an important role in promoting economic prosperity,industrial diversification and improving the employment environment.Private high-tech enterprises include high investment,high risk,high income and high growth.Compared with the traditional enterprises,private high-tech enterprises are more difficult to finance.Greater financing difficulties will lead to a substantial increase in the cost of financing.Private high-tech enterprise management level is mostly low.It often leads to financing risks because of the irrational financing structure and scale,the error of the estimated future market or interest rate fluctuations and other external environmental changes.Private high-tech enterprises are lack of awareness of risk prevention and risk management system to prevent and deal with financing risks.Financing risk has become a stumbling block to the private high tech Enterprises.In order to prevent and control the possible financing risk,reduce the probability of risk,improve the financing environment,improve the risk management of private high-tech enterprise financing,this paper made the following research:Firstly,this paper describes the related research results and theories of financing risk at home and abroad,and analyzes the reasons of the formation of financing risk and the related theories of financing risk control.From the perspective of the financing channels,financing costs and financing activities management,this paper analyzes the reasons and characteristics of the formation of private high-tech enterprise financing risk.Secondly,the financial situation analysis method is used to identify the risk of debt financing and equity financing risk of private high-tech enterprises.Then combined with the characteristics of private high-tech enterprises and external financing environment,this paper tries to find the development of private high-tech enterprises financing risk control and risk coping strategies by using four kinds of financing risk control methods,such asfinancing risk aversion,financing risk transfer,financing risk early-warning and financing risk retention.Finally,in the case of DL company,with its own characteristics and the characteristics of the industry,this paper analyzes the profitability of DL company by using financing data combined with DuPont analysis.And it combines the analysis with the financing structure and financing scale of DL company,in order to analyze and identify the possible financing risk.Finally,according to the specific situation of DL company,this paper puts forward the countermeasures and methods from the aspects of financing risk aversion,financing risk transfer,financing risk control and so on.This paper aims to reduce the finance risk of private enterprises and achieves the goal of financing risk control by setting up reasonable financing target,establishing a standardized financing process,selecting the appropriate mode of financing and financing structure proportion.