The Research On Financial Risk Evaluation And Control Of Z Company Under The Background Of Strategic Transformation

As a basic material,non-ferrous metals are used in many industries,it not only provides people with a richer daily life,but also makes important contributions to the development of the country and society.In recent years,the growth rate of the non-ferrous metal industry has gradually slowed down,and the industry is in a downward phase,and the balance of supply and demand in the market has been negatively impacted at the same time.These means that the fundamentals of many companies in the industry have been negatively affected.Because of these above,many non-ferrous metal companies have begun strategic transformation.As a representative of a non-ferrous metal company,Z company uses its own advantages to adjust its development strategy,optimizes factor costs,and reshapes its profit model.Then this company can realize the transformation from "production type" to "production + service type",which can enhance the overall competitiveness of the enterprise.However,it should be noted that although the strategic transformation is conducive to reducing financial risks,the financial risks of Z Company are still receiving continuous attention from society due to historical factors and industry factors.In this context,this article firstly analyzes the relevant situation of Z company,this part mainly includes the company’s basic situation,transformation strategy and transformation motivation.Then,according to the annual report data,the financial risks of the Z company in the transition period can be identified,and based on this,the important influencing factors are screened out to build the Z company’s financial risk evaluation system.After that,it comprehensively uses Delphi method,APH method and improved efficiency coefficient method to evaluate the financial risk of this company.Finally,according to the results of the financial risk evaluation,as well as the reality of the transition period,targeted and feasible financial risk control measures can be proposed for Z company.The main conclusions of this article are:(1)after analyzing the financial indicators of Z Company from 2015 to 2019,it is found that since the implementation of the strategic transformation,the financial problems faced by the company mainly include unreasonable debt structure,poor investment profitability,improper inventory management,and unstable operating profits.If it is allowed to develop,it may increase the financial risk of Z company;(2)this article comprehensively uses a variety of methods to evaluate Z company during the transition period and finds that the company’s overall financial risk is gradually decreasing and is currently at a relatively low risk level.Meanwhile,financing risks have the greatest impact on companies,followed by operational risks;(3)based on the above research,this article proposes control measures from four perspectives: financing,investment,operation,and income distribution.