Management Research On The Financial Risk Of Auto Manufacturing In China

In recent years our country economy,science and technology has achieved great development and progress,the development of car manufacturing in the constantly expanding,but because the state policies,market factors,oil prices and material price,competitors,etc,the influence of the development of the auto industry is facing the threat of all kinds of pressure.In state 2016 much starker choices-and graver consequences-in planning content,clearly put forward the development of new energy vehicles,national policy support for new energy,at the same time,vigorously promote enterprises to carry out the optimization and upgrading of traditional industrial structure,it can bring new development opportunities to automotive car companies,in addition to auto industry has been considered a pillar industry of our country’s economy,the vehicle manufacturing as the core of the industry chain,the basis of the auto parts manufacturing,extends to the parts of related industry,upstream downstream extends to car related services trade,finance,and so for automobile manufacturing enterprises,the study of its risk management is particularly important,and the financial risk is the core of risk control,is an important part of the manager to control the risk,financial risk control in the reasonable scope,raise awareness of risk early warning and enhance the ability to resist risk,improve the profitability of the auto industry,maintain economic sustainable development in our country.In this paper,research of financial risk management mainly through high-yield high-risk characteristics of auto industry,for its financial risk characteristics,borrow the financial risk management process system of dongfeng automobile financial risk identification,evaluation and control.Financial risk identification from financing risk,operational risk,the risk of profit ratio of selecting financial indicators,through the ratio of height to determine the existence of the company’s financial risk;Also studied the non-financial indicators of the financial risk of dongfeng motor,though the analysis of the non-financial indicators are difficult to quantify,may not be comprehensive analysis point of view,but the basic existed in the recognition of the dongfeng automobile to potential financial risk,so it can for the company has a comprehensive understanding of financial risk,and through the influence factors of financial risk,find out the cause of the risk,the discriminant method of using z-score model test the size of the company’s risk,to objectively understand the company’s financial condition,reasonable to adopt strategies and effective measures to control financial risk,the enterprise the management activities within the scope of control in a safe.