A Research On Financial Risk Management Of SX Photovoltaic Power Generation Enterprise

In recent years,central government and local governments in our country have issued a series of subsidy policies to support and encourage the photovoltaic power generation market.With the support of the state,capital from all sectors of society has rapidly infused into the market.In a short span of two year,the photovoltaic power plants have mushroomed all over the country,followed by a variety of industry issues.As the excessive growth of installed capacity exceeded expectations,the National Renewable Energy Fund had reached a 60 billion subsidy funding gap in 2016,and PV power plant investment enterprises will not be able to obtain subsidized revenue on time.On the other hand,due to abundant solar energy resources in the hinterland of Northwest China and its cheap land prices,which are highly sought after by photovoltaic power plant investors,the actual installed capacity in the southeastern coastal areas that are in real power demand is much less.The serious imbalance in the development of such areas has caused the loss of electricity tariffs suffered by the invested enterprises due to the inability to absorb surplus power in Xinjiang,Qinghai and other regions.Therefore,the photovoltaic power generation enterprises need to improve their own financial risk management level,reduce the various risks to the business losses.This paper selects SX photovoltaic power generation enterprises as the research object,based on the current policy and economic environment from four aspects of financing risk,investment risk,management risk and liquidity risk.Through the analysis of the vertical changes of the financial data in the past three years,the horizontal comparison of industry data,combined with the actual business of the actual risk of a comprehensive identification and analysis of its existing financial risks.Then a set of financial risk assessment system suitable for SX Company is constructed,and the severity of financial risk is judged by the method of AHP and Efficacy Coefficient.Finally,based on the analysis and evaluation of the structure of SX's financial risk control measures.