Research On The Financial Risk Of Chengdu Road&Bridge

Profited from the rapid development of the entire society,China's national economy has been developed rapidly.The development of economy will certainly promote the rise of road and bridge industry,which will be an indispensable part of stimulating economic development.However,opportunity and risk coexist,financial risk is often the most important risk faced by an enterprise,which can determine the survival of an enterprise.Therefore,it is important that analyzing the financial risks of construction companies and proposing preventive measures in the development of the national economy.This paper is based on the background of national macro-control for construction industry,on the basis of the domestic and foreign experts and scholars' research on the financial risk of enterprises,the first part clarifies the basic theories such as the characteristics of road and bridge industry and the dimension of financial risk.The second part is about the general situation of Chengdu Road and Bridge listed Company,the third is the analysis of the financial risk caused by the relevant national policies and the road and bridge industry environment to Chengdu Road and Bridge Company.The fourth part is the case study and financial index analysis of Chengdu Road and Bridge three kinds of micro financial risk.The fifth part discusses the prevention strategy of Chengdu Road and Bridge listed company's financial risk from different micro level.Through analysis,it is found that with the development of the western region and the implementation of PPP project,the traditional construction market in the road and bridge industry continues to shrink,and the competition in the construction market is particularly fierce.Chengdu Road and Bridge Company has a single business structure.It faces a series of bad conditions,such as financing obstacles,fewer new projects and rising uncollected funds.At the same time,by analyzing the financing risk,investment risk and liquidity risk of Chengdu Road and Bridge,it is concluded that the financing channel of Chengdu Road and Bridge is single,the investment project can not be started in time,and the funds can not be retrieved in time,which leads to a great increase in the capital occupied by Chengdu Road and Bridge.In this paper,the first step is to extend Financing channels,strengthening cooperation with banks and financial leasing companies,and innovating the use of new financial products;secondly,seizing the opportunities of diversification and maintaining traditional project-based premise,constantly trying new industries and industries;then,Strengthen the management of accounts receivable,set up a research group to collect and collect arrears,reduce the large amount of capital occupation;finally,enhance the sense of responsibility and financial risk consciousness of the employees of the company,always for the benefit of the company,become the famous brand of the company.Improve the credit standing of the company.