Financial Risk Management In The Intelligent Transition Of Manufacturing Enterprises

As the pillar industry of our country,manufacturing industry promotes the rapid growth of economy.With the rapid development of emerging technologies such as Internet big data,artificial intelligence and 5G commercial use,the traditional manufacturing industry is facing a strong impact and needs to be transformed.The 14 th Five-Year Plan of China proposes that the traditional manufacturing industry should speed up the intelligent transformation and upgrading,deeply integrate the Internet of Things and artificial intelligence with the manufacturing industry,realize the transformation and upgrading of Chinese manufacturing,lead Chinese manufacturing to "Chinese intelligent made",and endows the international industrial competition with new connotation.However,the intelligent transformation has its own novelty and instability,which makes the success of enterprise transformation face great uncertainty.As a capital-intensive industry,the intelligent transformation of manufacturing enterprises further increases the financial risks of the companies.Therefore,manufacturing enterprises must pay attention to the management of financial risks in the process of transformation to ensure their sustainable and steady development in the fierce competition.First through relevant literature,this article combed the manufacturing enterprise intelligent transformation of the mode,and then based on the relevant theories of financial risk assessment and control,selection of domestic manufacturing as early as the intelligent transformation of Haier as the research object,using Report analysis method to analyze and compare Haier’s financial data of intelligent transformation,and identify the abnormal financial indicators,summarize and classify the financing risk,investment risk,capital operation risk and cash flow risk,determine the financial risk existing in the transition period,and analyze the causes of the related risks,Then construct relevant risk evaluation index system,using Analytic hierarchy process(AHP),based on the expert scoring to determine the weight of each risk index,then use Fuzzy comprehensive evaluation according to the degree of financial risk indexes are divided into low risk,low risk,risk,high risk,high risk of five grades,scoring by experts and fuzzy calculation so as to work level,The evaluation matrix of financial risk is obtained,and then the weight is weighted to calculate the financial risk grade of Haier comprehensively.Finally,according to the results of financial risk analysis and evaluation,this thesis puts forward constructive suggestions and thoughts on the financial risk management of Haier during the intelligent transition period,which helps the company improve the risk management level during the transition period,and also provides some reference for the intelligent transformation of other enterprises in the same industry.In the case part of this thesis,the financial statements and relevant data of Haier during the intelligent transition period from 2014 to 2019 are studied.Analytic Hierarchy Process(AHP)and Fuzzy comprehensive evaluation are used to construct the financial risk evaluation system.Through calculation,it is concluded that the evaluation index of the comprehensive financial risk index of Haier is 1.39 in the early stage of the transformation in 2014.The overall level of risk is low;In 2015,the company’s comprehensive index evaluation index was1.80,in which the risk level of cash flow was medium risk and the level of other financial risks was low.In 2016,the comprehensive index evaluation index of the company was 3.32,among which the capital operation risk level was low and other risk levels were high.In 2017,the company’s comprehensive index evaluation index was 2.88,in which the risk level of cash flow was low,and other financial risks were medium risk.In 2018,the company’s comprehensive index evaluation index was 3.20,among which the investment risk level was high,the financing risk and capital operation risk level was medium risk,and the cash flow risk level was low.In 2019,the comprehensive index evaluation index of the company is 3.20,among which the investment risk level is high,the risk level of financing risk and capital operation risk level is medium risk,and the risk level of cash flow is low.The research results show that the company’s transformation effect is general,With the deepening of the transformation,the financial risks in the transition period are increasing,the company’s inherent financial risk in the transition period has not been paid great attention in enterprise’s management,such as the company’s investment risk and capital operation risk,always exists during the transition period,didn’t get effective control.Therefore,it is necessary to find targeted suggestions to improve the company’s transformation status and help it achieve a more efficient transformation.In view of the financing risk,it is suggested that the company reduce external debt financing and reasonably arrange the capital structure.We will improve the efficiency of debt financing and promptly dispose of idle funds.In view of the investment risks,the company is advised to improve the profitability of intelligent business and slow down the expansion rate;Change the marketing strategy,expand the market share of intelligent business;Scientific planning of research and development projects,giving consideration to open innovation and forward-looking technology.In view of the risk of capital operation,it is suggested that the company reduce the occupation of non-performing assets and do a good job in controlling credit risk.Standardize the credit management of core enterprises.In view of the risk of cash flow,the company is advised to enhance the profitability of intelligent products;Optimize the structure of operating assets,and enhance the ability to generate cash from assets.This thesis focuses on the study of the financial risk in the intelligent transformation of the manufacturing industry,according to the financial risk management theory,combined with the actual situation of the transformation of Haier to complete this thesis.It is believed that with the intelligent transformation and upgrading of more and more manufacturing enterprises,the management of financial risks will become more and more perfect.Scholars will also more and more supplement and innovate the financial risk theory in the transformation to enrich the financial risk research from different perspectives and strategic directions.