Research On Financial Risk Assessment And Control Of Xishan Coal And Electricity Power

In recent years,the global economic growth has slowed down.With the introduction of policies such as'green low-carbon cycle development" and "supply-side structural reform",the coal industry,one of the pillar industries of China's national economy,is facing huge production and management.Challenges such as heavy debt burden,increased pressure on environmental taxes,and limited bank financing have seriously threatened the development of coal companies and increased their financial risks.In this environment,as a large coal enterprise,Xishan Coal and Electricity Power will inevitably have certain financial risks,which seriously restricts the healthy development of enterprises.Therefore,it is particularly important to accurately and scientifically evaluate the financial risks of Xishan Coal and Electricity Power and to control them in a targeted manner.This paper takes Xishan Coal and Electricity Power Company as the research object,and studies its financial risk identification,evaluation and control.On the basis of summarizing domestic and foreign research results and financial risk related theories,the paper analyzes the financial status of Xishan Coal and Electricity Power in 2013-2017,and uses the financial statement analysis method to raise the investment,investment,operation and income distribution from the four aspects of Xishan Coal and Electricity Power.The financial risks of the company limited by shares were analyzed and identified.Based on the risk identification results,14 financial indicators were selected,the entropy weight method was used to determine the weight of the indicators,and the efficiency coefficient method was used to construct the financial risk evaluation system for the company.Xishan Coal and Electricity Power company's index evaluation criteria and financial risk grade division interval,and the company s 2013-2017 financial risk was evaluated and analyzed.The results show that:Xishan Coal and Electricity Power has been in a state of moderate financial risk for the past five years,and the company's operating conditions have great volatility.The evaluation results are consistent with the actual situation of the company,and the evaluation results are more accurate.According to the evaluation results,the causes of financial risks are explored,and the causes of different types of risks are different.Therefore,based on the results of cause analysis,financial risk control measures are proposed from four aspects:financing,investment,operation and income distribution.To ensure the continued stable and healthy development of Xishan Coal and Electricity Power Company.