| Since the emergence of enterprises and the expansion of banking business,the research on the choice of assets model of enterprises has been continuing,and the theoretical results are constantly being updated.Among them,the development of enterprises with a longer history of the western research on the relevant theory is relatively mature,in the practice of enterprise financial management has also been a certain application.However,in China,there are few examples of the good combination of theoretical research into practice,especially with regard to the financial risks of aquaculture enterprises,less attention is paid to the scholars.The enterprise’s heavy asset operation mode,from the strategic point of view,is embodied in the enterprise has a complete production and sales chain,with the scale advantage to obtain profit,from the financial data is reflected in the asset form immobilization,the overall debt level is high,the inventory is large,the interest-bearing debt ratio is high,depreciation amortization costs and so on.In addition,due to the changing market environment in China,the operation mode of many enterprises is gradually changing,which has aroused widespread concern in academia and the market.No matter what kind of asset model to operate the enterprise,there are many successful examples,the pastoral group is the use of heavy asset operation model and access to market recognition of the typical.Therefore,this paper selects the pastoral group as the object,combined with the characteristics of the breeding enterprises,to analyze its current financial risks.Based on the research of Heavy asset operation mode and financial risk literature,this paper understands the basic characteristics of financial risk and heavy asset operation mode,summarizes the existing research results,and determines the basic ideas in this case.In the case analysis,based on the scoring model,the financial risks of the pastoral group are distinguished according to the process of the flow of funds through the enterprise,and the specific financial risk level is determined by the calculation and comparison of the values.At the same time,the regression analysis method is used to verify the relationship between its financial risk level and the choice of asset model.According to the financial risk of the Pastoral group analyzed in this paper,the countermeasures are put forward in a targeted manner.The basic conclusions obtainedin this paper are as: Although the pastoral group has gained rapid development in recent years,its heavy asset model makes the overall profitability of enterprises strong,access to market recognition,but the level of financial risk in the industry is still high,mainly reflected in: because of the single financing channels,the size of the debt is too large,The financing risk and debt service risk,the long time of investment process and the low turnover rate caused by the unreasonable structure of the debt are the operational risks and liquidity risks.In this regard,the targeted suggestions are as follows: broadening financing channels,diversified financing methods,properly controlling the size and structure of the liabilities of enterprises,making adequate assessments before making investment decisions,and always carrying out risk monitoring of investment projects,using portfolio ideas,diversifying the direction of enterprise investment,improving inventory situation and improving resource utilization efficiency. |