KZ Enterprise Financial Risk Management Research

China's economic development is inseparable from energy.Since reform and opening up,coal has provided strong support for China's economic development.In recent years,with the rise of environmentalism,heavily polluted coal resources have been gradually abandoned.China is undergoing supply-side structural reforms,gradually phasing out coal companies with lower production capacity,and looking for cleaner and more efficient energy.Overcapacity of coal has become a real problem.Coal companies are experiencing industry pains and significant financial risks.This article selects the large coal enterprise-KZ enterprise as the research object,combined with the characteristics of the coal industry and the enterprise itself,based on the financial data of the KZ enterprise's 2011-2018 annual report as the basis for research,from investment,operation,financing and income distribution.Recognize risk in various aspects;use Delphi method,AHP and efficiency coefficient method to combine qualitative and quantitative factors that affect financial risk,conduct risk evaluation from three aspects of investment,operation and financing,and measure corporate financial risk The coefficient is between 0.3 and 0.6 for most of the time,indicating that the company's financial risk is between greater and greater risks most of the time;it is proposed to establish a refined financial early warning system,restructure the financial risk management system,and improve financial risk management.Institutional system,improve the debt structure,strengthen debt management,optimize the business structure,eliminate backward production capacity and improve the risk control measures of income distribution;ultimately achieve the purpose of optimizing financial risk management.Due to the remarkable characteristics of financial risk in the coal industry,there is a certain degree of commonality in financial risk management.Therefore,this paper not only enriches the application of Delphi method,AHP and efficiency coefficient method in financial risk management,but also provides operable solutions for optimizing KZ enterprise financial risk management,and also provides financial risk management for enterprises in the same industry It provides a model for reference and reference,which has certain theoretical and practical significance.