Research On Cash Flow Risk Management Of Listed Companies In China's New Energy Industry

The 19 th Plenary of the Party pointed out: China must hold the bottom line of systemic risk in the financial industry.The general corporate cash flow risk for banks and other financial institutions is a credit risk,a wide range of credit risk may even lead to systemic risk.Similar lessons have been learned in the world,so proper attention to cash flow risk is also an important aspect of the systemic risk in the financial industry.Under the current circumstances,environmental protection has become a hot topic.The new energy industry should maintain some attention,of which cash flow risk management is one of the key aspects.The research goal of this paper mainly focuses on a comprehensive analysis of the current situation of the development of new energy industry and strive to make a systematic and accurate understanding of the development of the new energy industry.To analyze and compare cash flow risk measurement methods,select the appropriate method of new energy Industry cash flow risk measurement;come to the new energy industry,the cash flow risk of listed companies,the basic results and compared with the traditional industry risk;at the same time targeted risk management measures.This article summarizes the current situation of cash flow risk management and at the same time sorts out the current problems in the new energy industry.Using the measurement method in cash flow management,taking the listed company as the research object,we measure the cash flow risk size CFaR of the listed company.At the same time,the author uses the coal industry as a representative of the traditional industries to compare with the CFaR of the new energy industry.The statistical results show that from the perspective of the CFaR cash flow risk value,the traditional coal industry is 0.1023,and the risk is relatively large,that is,the cash flow may be suffered per million yuan of assets relative to the expected cash flow from operating activities The biggest loss is 102,300 yuan.However,the loss of cash flow from operating activities in the new energy industry is small at only 65.3 thousand yuan.From the perspective of cash flow risk,the risk of the new energy industry is larger,and its CFaR value is 1.8139 times of the cash flow expectation,In extreme cases,it may face the risk of cash flow as high as 181.39%.The traditional coal industry,the cash flow risk is lower,extreme cash flow risk value of 1.4052 times the cash flow expectations,the degree of risk of 140.52%.It can be seen from the absolute and relative perspective,respectively,to consider different industries in the extreme situations faced by the operating cash flow risks there are some differences.