Discussion On Financial Risk Control After IPO Of Gem Listed Companies

China's Growth Enterprise Market in October 2009 was formally established in the Shenzhen Stock Exchange for the development of SMEs in China has opened up a convenient financing channels,effectively easing the current SME financing,financing your situation,so many small Enterprises have chosen to list on the GEM market to raise development funds.However,the market competition faced by the GEM companies after listing is still fierce,and the problems of the company's low management level and unstable operating benefits still exist.This requires SMEs to face their own financial risks.Generally,financial risk runs through the company's overall operating chain,such as financing,investment,operation,and profit distribution.The existence of financial risk directly affects the company's production and operation activities,and thus affects the company's economic interests.GEM listed companies are named for their high innovation,high growth,and high returns.They play an important role in economic growth,technological innovation and employment.However,the GEM market has not been e stablished for a long time,there is no unified and independent trading market,and the listing standards are relatively low.Coupled with the fact that GEM listed companies have high operating risks,inadequate management systems,and difficulty in financ ing,their In the process of operation management,we face higher financial risks,and financial risk control is an effective pre-,post-,and post-measure for the financial risks of the company.At present,Chinese scholars' research on the GEM market is mostly focused on underpricing and over-raising.Research on the increased financial risks and significant changes in performance of listed companies after the IPO is also mainly concentrated on the main board and small and medium-sized boards.Relatively little research has been done on the financial risk changes and performance changes of GEM listed companies after IPO.Therefore,by analyzing the financial risks faced by companies listed on the GEM and improving the company's measures to control financial risks in a targeted manner,it plays an important role in promoting the healthy development of companies listed on the GEM.This article adopts a combination of theory and case.According to the basic settings of the thesis,among the listed companies on the GEM market,the case of Huakai Creative Co.Ltd.'s increased financial risk and significant fluctuations in performance after the IPO was selected as the analysis object.In the analysis of Huakai Creative Company,it first elaborated on the characteristics of the companies listed on the GEM and the main financial risks faced,followed by focusing on the analysis of the financial risks faced by Huakai Creative Co.,Ltd.after its listing,and the company's existing financial risk control Measures,as well as the problems and causes faced by the financial risk control measures,and accordingly put forward corresponding prevention and control measures.Specifically,in terms of the content of the paper,first of all,the basic theory of financial risk control is introduced in detail,and the study of financial risk control is basically defined at the theoretical level,which lays a theoretical foundation for the entire article.Secondly,it conducted a detailed case analysis of the operat ion status of Huakai Creative Company and the existing status of financial risk control,effectively identified and evaluated the problems and corresponding influencing factors of Huakai Creative Company's initial financial risk control at the completion o f the IPO.Finally,in the process of in-depth analysis and research,specific suggestions for preventing and controlling financial risks in the initial stage of IPO completion of GEM listed companies were put forward in a targeted manner in view of the problems existing in Huakai Creative Company.This article mainly puts forward specific suggestions for the improvement of the financial risk control mechanism of Huakai Creative Company through the rational use of financial risk control related theories,combined with the operating status of Huakai Creative Company and the risks it faces.This article consists of five parts: the first part is an introduction,which mainly introduces the research background,literature review,research ideas and methods;the second part is an overview of the financial risk control theory of GEM listed companies,which mainly introduces the characteristics of GEM listed companies,the connotation,objectives and methods of financial risk control,the risks faced by GEM listed companies,and the theoretical basis of financial risk control of GEM listed companies;The third part is the basic situation of Huakai Creative and the financial risks faced after the IPO.It mainly introduces the basic situation and industry characteristics of Huakai Creative.It also analyzes the financial risks of Huakai Creative after the IPO and the company's existing Financial risk control measures;The fourth part is the problems and reasons for Huakai Creative 's financial risk control after the IPO.It mainly analyzes the problems and causes of Huakai Creative 's financial risk control in the past five years,especially after listing;The suggestions of Kaikai Creative's financial risk control after IPO are mainly aimed at the problems and reasons analyzed above,and put forward specific suggestions to improve Huakai Creative's financial risk control after IPO.Through the analysis and research of the full text,the author believes that the improvement of the financial risk control mechanism of Huakai Creative Co.should be started from the following aspects: first,improve the company's overall financial risk control awareness and establish a corresponding financial risk early warning mechanism;second,improve The company's competitiveness and optimization of the company's capital structure;third,speeding up the improvement of the company's credit management and accounts receivable management system;fourth,improving the company's investment decision mechanism and project execution management mechanism;fifth,improving the GEM listed company Follow-up supervision system.