The Construction Of Financial Risk Evaluation System Of Hubei Chutian Smart Communication Co.,Ltd Based On EAHP

Although China’s expressway is developing rapidly,there is still a certain gap between the development of Expressway enterprises in China and that of foreign countries.The awareness of financial risk identification,response and prevention still needs to be further improved.At present,there are few literatures about financial risk identification and evaluation of Expressway enterprises at home and abroad.Most scholars only study Expressway enterprises from a single risk perspective,and the research methods are limited.This paper uses the method of combining analytic hierarchy process with matter-element extension model to construct the financial risk evaluation system of Hubei Chutian Smart Communication Co.,Ltd,which provides a new way of thinking for the study of financial risk of Expressway listed companies.Firstly,this paper introduces the relevant theories of financial risk evaluation,including the concept,characteristics,causes of financial risk,the identification methods and theoretical basis of financial risk,and the concept and principles of financial risk evaluation.Secondly,according to the characteristics of China’s expressway industry and the actual situation of Hubei Chutian Smart Communication Co.,Ltd,the financial risks are identified and analyzed from the perspective of external and internal risks.The identified external risks include emergencies,policy changes,fluctuations of economic environment,and internal risks include financing,investment and business risks.Thirdly,this paper screens out representative financial risk indicators,determines the weight of financial risk indicators by using analytic hierarchy process and questionnaire survey,and then evaluates the financial risk situation of Hubei Chutian Smart Communication Co.,Ltd in 2018 by using matter-element extension model,combining external risk score and financial index value of Hubei Chutian Smart Communication Co.,Ltd.According to the evaluation results,although the overall situation in 2018 shows that the financial risk control of Hubei Chutian Smart Communication Co.,Ltd was good,it also reveals that there may be passive response to policy changes,and its profitability,development ability and operation of funds was not very good,the ability to repay debt in the short term is weak,products do not sell well and many other problems.At last,this paper puts forward the measures of financial risk control of Hubei Chutian Smart Communication Co.,Ltd from six aspects: emergency,policy,economy,financing,investment and management.