Research On Financial Risk Early Warning Of Shared Bicycle Enterprises

In the era of mobile Internet,sharing economy has effectively changed people's travel,consumption and lifestyle.The maturity of Internet technology provides an efficient and convenient platform for people to share idle goods and exchange resources.As the core representative of "shared economy",shared bicycle has been developed rapidly and widely.In 2018,the "Internet IGN White Paper on the Development of Shared Bicycle Industry" report pointed out that the number of users in the shared bike industry reached 290 million,the total mileage was 1.28 billion kilometers,and the carbon emissions were saved by 2.79 million tons.It is an important part of energy saving,emission reduction and green travel in China.However,after the short-lived rapid expansion,many sharing bicycle companies declared bankruptcy one after another,the scale of the industry stagnated,financial scandals occurred frequently,and the market was once in chaos.Firstly,the competition of bicycle-sharing market industry is disorderly,and the supply of bicycles in every city has been flooding,obviously exceeding the demand;secondly,the bicycle-sharing industry has not yet explored the operation mode and profit mode that really suits its its its its industry characteristics,and the enterprises can not realize the effective turnover of funds and fail one after another;thirdly,the relevant laws and regulations are not perfect enough,and the bicycle-sharing enterprises frequently appear.The situation of misappropriation of deposits,opaque operation of funds and even irregularities.Overview of the development process of the shared bicycle industry,there are many problems,such as financing blindness,policy support,oversupply of supply and demand,and the lack of user's moral level.One of the key problems leading to the bankruptcy of enterprises is the lack of an appropriate enterprise financial risk early warning system,which can handle the enterprise financial management and risk early warning work while investing funds blindly and expanding rapidly.Through combing and analyzing the domestic and foreign financial early warning system and the literature on shared economy,this paper divides the index selection of the financial early warning research model of shared bicycle enterprises into two categories: the important index of conventional financial early warning and the key characteristic index of shared bicycle industry.On the basis of previous research results on financial early warning,this paper makes targeted improvements on the new sharing economy model of bicycle sharing.For the selection of importantindicators of conventional financial early warning,this paper comprehensively and systematically screens and considers the five dimensions of debt repayment risk,cash flow risk,growth risk,investment profitability risk and operational risk.Combined with key characteristic indicators of the shared bicycle industry,the early warning indicators system of shared bicycle enterprises' financial risk is formed.Then,according to the analytic hierarchy process,the selected indicators are empowered step by step,and the financial risk early warning model of shared bicycle enterprises is constructed based on the fuzzy comprehensive evaluation method.The financial data of the case enterprise Yongan Bike are quoted to test the model.It is found that the financial risk of Yongan Bike is the degree of mid-warning,which is in line with the actual financial situation of the enterprise.By constructing the financial early warning model of shared bicycle enterprises,the results show that most of the shared bicycle enterprises will be in the middle or even heavy warning level in the current stage of development.For the current shared bicycle enterprises,cash flow risk and fixed assets turnover rate,which are the key characteristics of the industry,have the most influence on financial risk early warning.According to the applicability of the financial early warning model of the shared bicycle enterprises,further suggestions and improvement measures are put forward for such enterprises.