Financial Risk Control Research Of FSTSG Company Limited By Shares

In the face of the new normal of China's economy,the market structure is becoming more and more complex.Under the new situation,the economic development has certain twists and turns,the world economy is in a certain state of downturn,China's steel industry has been affected in the economic changes.Although the state has issued macro-control policies to alleviate some crises and the steel industry environment has improved,China's steel overcapacity,unreasonable industrial structure and defects of internal control still affect the survival and development of steel enterprises,and many enterprises have fallen into bankruptcy.The iron and steel industry plays an important role in China's national economic industry,which is closely related to the development of China's agriculture,industry,transportation and other industries.It can even be said that the iron and steel industry has made great contributions to China's economic development.The profitability of China's iron and steel enterprises is insufficient,many enterprises have a large loss,the financial risk is very serious,how to control the financial risk of iron and steel enterprises,is the problem we should pay attention to,but also the key to the iron and steel enterprises to continue to stabilize.Based on the financial risk control theory: System Theory,Cybernetics and Financial Risk Management Theory,this paper firstly introduces FSTSG Company limited by shares briefly and analyzes the financial situation of FSTSG Company limited by shares in recent years.Secondly,compare the financial ratio index of FSTSG Company limited by shares with the average index of the same industry,and identify the financing risk,investment risk,working capital risk and cash flow risk of FSTSG Company limited by shares based on the change trend of the financial ratio index of FSTSG Company limited by shares in recent years.Then,the improved efficiency coefficient method and analytic hierarchy process were used to evaluate the financial risk of FSTSG Company limited by shares in the past three years,and the annual comprehensive financial risk score was obtained.The results showed that the comprehensive score of financial risk was 0.486 in 2016,0.249 in 2017,and 0.691 in 2018.The analysis considered that FSTSG Company limited by shares' risk level in 2016 was heavy alarm,its risk level in 2017 was huge alarm,and its risk level in 2018 was medium alarm,according to the financial risk of qualitative and quantitative analysis of FSTSG Company limited by shares.The causes of financial risk is summarized,from the external environment and internal environment,think that the financial risk of the external environment to cause the influence of the economic environment,market supply and demand contradiction makes the enterprise profits down,the change of policy environment and the risks of interest rate changes.The financial risks caused by the internal environment include the lack of effectiveness of the financial risk assessment system,the unsound financial risk control mechanism,the need to improve the internal control of enterprises,the weak awareness of financial risk control,the existence of financial risks in financing,the lack of rationality of investment decisions and operating activities,and the existence of risks in cash flow.Finally,according to the causes of financial risks of FSTSG Company limited by shares,the financial risk control measures of FSTSG Company limited by shares are proposed.This article from the financial risk identification,assessment,analysis of causes and contr ol measures,etc.,comprehensive system of FSTSG Company limited by shares,financial risk control are studied,in order to help FSTSG Company limited by shares.Control the financial risk,and at the same time,with FSTSG Company limited by shares,with the size of the iron and steel enterprise's financial risk control to provide certain reference.