Research On Financial Risk Evaluation And Control Of TK Company

With the steady progress of UHVDC transmission,rural power grid transformation,Internet of things and other smart grid construction,China’s transmission and distribution equipment industry has entered a period of rapid development.The rising demand of power market drives the rapid growth of high voltage switch industry.TK company has seized the opportunity and made great economic achievements in domestic and foreign markets.High voltage switch industry has some problems,such as the cost is difficult to be stable,the competition is fierce at home and abroad,and the demand for scientific and technological innovation is high.The study of financial risk control can help enterprises identify and evaluate the risks,and put forward control countermeasures and safeguard measures.The research of this topic provides the future financial risk control countermeasures for TK company,so that on the basis of fully identifying its own risk,it can achieve effective prevention and control,and minimize the loss caused by financial risk in enterprise operation.This topic takes TK high-voltage switch Co.,Ltd.as the research object,on the basis of summing up a large number of literature and actual cases,through field research,to identify,evaluate and control the financial risk of TK company.First of all,this paper expounds the related concepts and theories of financial risk.Secondly,the paper analyzes the operation of TK company and identifies the financial risks and causes.In view of the financial risk factors of TK company,this paper constructs the risk evaluation index system,and uses the method of combining analytic hierarchy process with fuzzy comprehensive evaluation.To help TK company identify the problems in its operation,and put forward the countermeasures and safeguard measures of financial risk control.TK company has invested too much capital in order to expand its scale and seize the market in recent years,which has unreasonable capital structure.The imperfect risk control system increases the potential risk of the company.The management and Control Department of financial risk should be established to effectively prevent and control the risks.This paper puts forward two aspects to control the financial risk of TK company,one is the micro suggestions for profit,investment,financing and operation risk control,and the other is the macro safeguard measures from the perspective of internal control.The results calculated by using fuzzy comprehensive evaluation model are consistent with those obtained by risk identification of TK company by financial ratio method.The selection of evaluation method is applicable to TK company.