Cause Analysis And Early-warning Of Credit Risks In Shipbuilding Enterprises

Since the reform and opening up,China’s shipping industry has risen rapidly and become an important force to promote the development of China’s market economy.But the changing market environment has brought severe challenges to shipbuilding enterprises.Especially for the increasing demand for financing,but the weak ability of credit risk management hinders the continuous and stable operation of shipping enterprises.Therefore,how to effectively evaluate and control the ship credit risk,enhance its development potential,determines the success or failure of shipping enterprises,can maximize the profits of shipping enterprises.In view of this problem,this paper takes the credit situation of 30 shipping enterprises as the research data,includes 2015 to 2017 financial data,makes an empirical analysis on the causes of credit risk of shipping enterprises,analyzes the causes of credit risk of shipping enterprises through the model,and puts forward the optimization of shipping enterprises level.The factors affecting the credit risk of shipping companies include macro factors and micro factors.The macro factors mainly include the world economic cycle,shipping demand,crude oil price,etc.The main micro factors are over-indebted debt,low shipbuilding efficiency,and weak risk awareness.The financial model analysis shows that the total return on assets,cash ratio,total profit growth and credit risk is the most relevant.On the basis of fully considering the organizational structure,risk measurement and management process,it puts forward six preventive measures and suggestions such as establishing a ship enterprise’s credit risk prevention awareness,closely observing industry policy trends,accelerating competitiveness,and improving responsible management level.Suggestions on early warning measures of the company can effectively reduce the credit risk,further improve enterprise risk management,strengthen early warning of credit risk,change from extensive credit business management model to refined management model,meet the financing needs of shipping enterprises,but also help improve market competitiveness.