Research On Financial Risk Management Of Road And Bridge Construction Enterprises ——Taking Beixin Road Bridge As An Example

Since the reform and opening up,China’s economic system has developed rapidly,surpassing Japan in economic size and becoming the world’s second largest economy.Among them,the construction industry plays a decisive role in the development of China’s economic system,road and bridge construction industry as the mainstay of the construction industry,its role is self-evident.Road and bridge construction owners should take roads,Bridges,tunnels,airports and other construction projects as construction projects,which are many and large in volume.Therefore,enterprises need enough funds for project turnover operation.Engineering projects are divided into categories and regions,resulting in accounting with its industry characteristics.At present,road and bridge construction enterprises are faced with many potential risks,among which financial risks bear the brunt.At the end of 2019,the outbreak of COVID-19 slowed down the development of all industries in China.In 2022,the epidemic spread around the world,threatening human life and causing a great recession of the global economy.In this regard,road and bridge construction industry for rapid weight reduction cost,re-examine the strategy.Thus it can be seen that enterprises focus on preventing financial risks,for the sustainable development of enterprises play a role of escort significance.Starting from the theory of financial risk,this paper takes Xinjiang Beixin Road and Bridge Group Co,Ltd,as an example,which is a state-owned enterprise with relatively strong strength in northwest China,has developed rapidly in recent years.However,due to the rapid business expansion,this enterprise is faced with huge fin ancial risks.Looking at the failure cases of road and bridge industry management,most of them are due to the lack of an effective management of financial risk,which makes enterprises fall into financial crisis.Therefore,this paper combined with the ch aracteristics of beixin Road and Bridge’s financial activities in the past three years,using qualitative and quantitative methods,and compared with other road and bridge construction enterprises in the same industry,to effectively identify the financial risks of the enterprise.The financial risk identified by Beixin Road bridge will be evaluated.Ahp is used to determine the financial risk evaluation index of Beixin Road Bridge,and then compare the financial risk index of Beixin Road Bridge to get the weight.Finally,hierarchical sorting and consistency test are carried out to verify whether the identified financial risk really exists.According to the financial risk management process,identification and evaluation is based on the current problems of the enterprise to put forward the corresponding strategy.Considering the impact of COVID-19,this paper not only focuses on the current financial risks faced by enterprises,but also focuses on the risks that enterprises may need to deal with in the future.Therefore,enterprises must look ahead,with a long-term view and to predict the economic situation and the future trend of the development of road and bridge construction industry,accurate analysis of risks and opportunities,achieve system planning f or a rainy day,strive for more emphasis on innovation at the same time,dynamic development for transformation and upgrading of enterprises,and in the road and bridge construction industry to keep the unique advantages in the fierce market competition.