Research On Financial Risk Evaluation Of CSCL

With China's accession to the WTO,Chinese shipping companies have been involved in the flood of international competition.As an important basic and service industry of the world economy,the shipping industry is an important guarantee for realizing international trade.It has a solid foundation for promoting economic restructuring and plays an irreplaceable role in promoting world economic development and human social progress.However,the deepening of the impact of the financial crisis,the gradual slowdown in the growth of global trade,the sluggish international shipping market and the serious excess capacity have made China's shipping industry face unprecedented difficulties.The macro environment and overall situation have deteriorated drastically,and most shipping companies have suffered losses.serious.Therefore,in order to seek development in competition,it is necessary to seize opportunities and meet challenges,which means that shipping companies are always faced with various risks.At present,China's research on risk and financial risks began in the 1980 s,but the theory of financial risk management that is really applied to shipping companies is still not mature.Therefore,drawing on the western financial risk theory and experience,starting from the actual situation of shipping companies,improving the understanding of financial risks for shipping companies and overcoming blind operations is the only way to improve the financial risk management of shipping companies.The starting point is to study the financial risk situation faced by CSCL.This paper firstly reviews and sorts out the financial risk theory andmethods at home and abroad,and finds the research methods suitable for this paper.Secondly,based on the relevant literature,analyzes the characteristics and causes of the industry development and financial risks of ocean transportation enterprises.Case study method,taking CSCL as an example,to study the financial risk analysis of ocean transportation enterprises;then,using a single financial indicator and factor analysis method to comprehensively analyze the financial statements of CSCL for nearly 8 years,and form a financial indicator system to analyze various indicators.In order to determine the financial risks faced by CSCL.The conclusion of this paper is that,whether it is from the results of single financial indicator data or factor analysis,there is a certain financial risk in CSCL.Combined with the specific actual situation of CSCL,this paper proposes policy recommendations for preventing financial risks,including optimizing capital structure,comprehensively evaluating investment projects,and controlling fuel costs.