Impact Of Asset-light Operation On Corporate Risks

In recent years,the production cost of China's manufacturing enterprises has been rising,followed by more and more serious problems such as overcapacity and lack of independent brands,and the competition among companies has become increasingly fierce.Asset-light operation mode reduces production cost;Focus on the core business;To improve the brand added value,these advantages for the enterprise to bring new vitality,asset-light operation model is also more and more attention.The asset structure of the asset-light operation mode is different from that of the traditional mode.Whether the financial risks of the enterprise can be easily hidden under the asset-light operation mode is easy to be hidden.However,Haitian Weiye industry is an asset-light operation mode enterprise in China's food manufacturing industry,which has a strong influence in the industry.This paper takes Haitian Weiye as an example to study the impact of asset-light operation mode on enterprise financial risk.This paper combines theoretical research with case study to clarify the forms of asset-light mode,including the characteristics,advantages and financial characteristics of the asset-light mode and the core asset-light of the enterprise.Then it further analyzes the characteristics of its asset-light operation mode and its financial characteristics under the asset-light operation mode,and then analyzes the impact of asset-light operation on the operating risk and financial risk of the enterprise through operating leverage,financial leverage and financial indicators.On this basis,to Haitian flavor industry as a case analysis of the specific light mode and the characteristics of its financial assets operation,through the Haitian flavor industry light operating assets operation mode,investment current situation analysis of Haitian flavor industry company light its financial assets operating mode characteristic,and through the financial leverage operational gearing corresponding financial index evaluation analysis light asset operation mode of enterprise management risk,financial risk,compared with other companies and then draw relevant conclusions.Through research,this paper believes that the greater the degree of asset-light operation,the smaller the proportion of fixed assets in the total assets of the enterprise,the smaller the fixed cost,the smaller the operating leverage coefficient,the smaller the operating risk;Asset-light operating enterprises take endogenous financing as the orientation in financing,which makes the ratio of interest expense of enterprise financing liabilities to asset enterprises smaller.Compared with other financing methods,its cost is lower,and its financial leverage coefficient is also small,which plays an important role in reducing financial risks.From the perspective of financial risk,this paper judges whether the asset-light operation mode of Hai Tian Wei Ye company can develop in a long-term and healthy way,and provides reference and reference for other enterprises.