Research On Financial Risk Control Of XSMD Co.,Ltd

As one of the three basic energy sources of Chinese enterprises,the coal industry is a key target of economic development and a high-risk industry.At present,China's economic development has changed from high-speed growth to high-quality development.The balance between supply and demand is the new normal mode of economic development.From the perspective of supply,coal production is still large,and the contradiction between supply and demand is prominent.If only one end of the development can not meet the rapid economic growth and long-term stability trend.In recent years,the rectification of the coal industry has eased the relationship between supply and demand,but there has been a certain degree of risk in operation and management.As the government has not regulated the large amount of capital inflows in the early stage,the safety production accidents of coal enterprises have occurred frequently.The decline in resource extraction capacity has led to a reduction in capital inflows in the later period.XSMD Co.,Ltd.(hereinafter referred to as "XSMD Company")has a dominant position in the coal industry.With the advancement of supply-side reforms,the upgrading of economic policies and the development of a green environment,XSMD faces significant financial risks.In the course of operation,financial risk has a great impact on most enterprises.In order to survive under the new economic model,it is necessary to control various uncertain factors affecting the financial decision of enterprises,effectively reduce the probability of financial risks of enterprises,and promote the normal and stable development of enterprises..In order to control financial risks well,it is necessary to identify and evaluate the current status of financial risks as soon as possible,identify potential risks and risks in a timely manner,and promote long-term stable development of enterprises.On the basis of financial risk assessment and control research,domestic and foreign scholars selected XSMD Co.,Ltd.as the case analysis object.Considering the development of the market economy and the internal organizational structure of the enterprise,the literature research method and the combination of qualitative and quantitative methods are used to analyze the financial status of XSMD in 2016-2018.The report analysis method and the index analysis method are used to raise risks and investment.Financial risk identification was carried out in four aspects: risk,operational risk and cash flow risk.The SPSS17.0 statistical analysis software was used to screen out the evaluation indicators,and a multi-level financial risk evaluation model was constructed by using the analytic hierarchy process.The weights of the four first-level indicators and the 11 second-level indicators were determined,combined with the 2016-2018 SASAC.The enterprise performance evaluation standard value determines the risk evaluation standard,and uses the power coefficient method to calculatethe comprehensive score of XSMD company,determine the grade factor of financial risk and make an objective evaluation.The evaluation results show that XSMD's financial risk level from 2016 to 2018 is intermediate,and the risk levels of each indicator are different.The study found that XSMD has unbalanced debt structure,weak long-term and short-term solvency,financing methods relying on bank borrowing,investment strategy is not applicable,development capacity is insufficient,inventory management is not perfect,and credit management of accounts receivable is weak..Finally,based on the financial risk identification and evaluation results,suggestions for improving financial risk control are given from four aspects.XSMD is expected to effectively control financial risks and improve risk prevention capabilities.