| Since the 21 st century,China's Internet finance industry and the automotive industry have developed rapidly.Some well-known Internet companies have sought new profit points after rapid growth.At the same time,some auto industry leaders are looking for a new model for cooperation with the Internet.Therefore,there must be an Internet auto finance industry.The birth of.However,as a combination of the high capital intensity of the financial industry and the high value consumption of automobiles,the auto finance industry often experienced the problem of high capital cost and insufficient profitability in the initial stage.In the process of solving the profit problem of the auto finance industry,many Internet car sales platforms have launched a sales model of “selling for sale” to improve profitability.This model expands the business dimension of auto finance and combines auto supply with financial services.Two for one,a new idea for the traditional financial leasing model.However,renting and selling in China as an emerging product is still in the exploratory stage,and there are many defects in the business expansion process,so it creates a higher risk in the process of creating profit.In risk management theory,it is found that the case company Yixin Group has the financial risks arising from the market environment risks and low income quality contained in the market competition,and the business risks arising from the excessive cost in the business construction process.Etc.caused its profit to be less than expected.As an explorer in the automotive finance industry,Yixin Group has become one of the few representative listed company.However,its performance has shown a huge loss.After risk identification,this paper uses financial analysis,Z-value model and Fscore to evaluate the main risks of Yixin Group.It believes that Yixin Group has higher risks in renting and selling business,and finally puts forward suggestions on case problems. |
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