Research On Financial Risk Assessment And Control Of GM Group

Coal plays an important role in China's energy resources.Since 2012,the global economy has showed an obvious slowdown,China has implemented macro-control and supply-side structural adjustment policies.The problems of overcapacity and environmental pollution in the coal industry have become increasingly prominent.The development of coal upstream and downstream industries has been constrained.The recovery of funds is slow,the capital chain is fragile,debt defaults increase significantly,and financial risks increase.As a large-scale coal enterprise,GM Group inevitably has financial risks in this economic environment,which restricts the healthy and sustainable development of enterprises to a large extent,and has become a core issue that enterprises pay close attention to and urgently need to solve.On the basis of summarizing relevant research and theory at home and abroad,this paper analyzes the influencing factors of GM Group's financial risk,and identifies the financial risks of GM Group from four aspects:financing,investment,capital recovery and income distribution;taking 10 sample companies financial indicators from 2013-2017 as sample data.In combination with the financial risk resource of GM Group,16 financial indicators are selected,and the financial risk assessment model is constructed by factor analysis method.The financial risk thresholds of the four ST companies in 2013-2017 are selected with a reference to the evaluation criteria,the financial risks of the GM Group for 2013-2017 were evaluated and compared horizontally and vertically.The results show that GM Group suffered from a slight financial risk in 2014 and 2015.There is no major financial risk in 2013,2016 and 2017,but the risk of operating asset investment and cash flow is high,and the risk of capital recovery is high.There are certain gaps in industry leading companies.The principle and basis of the construction of GM Group's financial risk control system were determined,and the financial risk control system of the enterprise was constructed.The countermeasures for controlling financial risks were given from four aspects of financing,investment,capital recovery and income distribution.On the basis of recovery and income distribution.On the basis of corporate governance,system improvement,personnel quality,information construction and other aspects,the safeguard measures was put forward for the effective operation of the financial risk control system of GM Group.