Financial Risk Research Under The Asset-light Operation Mode Of Home Appliance Enterprises

With the development of economic globalization,market competition has intensified,and manufacturing companies urgently need to seek new operating models to enhance their competitiveness.In the process of manufacturing service development,asset-light operation is one of the main directions of enterprise transformation,and its strategic characteristics are mainly manifested as: reducing the form of assets,focusing on the use of knowledge;reducing capital investment and reducing the scale of assets;focusing on cash flow;Focus on core business,implement outsourcing strategy;strengthen supply chain management optimization.In the traditional sense,asset-light operations are mainly concentrated in knowledge-intensive industries.However,in recent years,more and more traditional asset-heavy enterprises have begun to implement asset-light transformations.This type of operation mode helps enterprises maintain their competitiveness in the same type of market.Core competitiveness,and maintain a leading edge in long-term development.However,corporate operating models often coexist with pros and cons,and the same is true for asset-light operating models.Blind transformation is likely to shake the foundation of the company and expose the company to various risks.The research object selected in this article is Haier Company,a typical case of implementing asset-light operations in home appliance manufacturing enterprises.First,summarize the financial characteristics of its asset structure,liability structure,R&D investment,and cash reserves under its light asset operation model;then,through trend analysis and comparative analysis of financial statement data,identify Haier's asset light operation model Hidden financial risks;then,a total of 12 financial indicators were selected from the three levels of financing risk,investment risk,and operating risk,and a financial risk assessment model based on the entropy weight-Topsis method was constructed,which provides an impact on the financial risks of Haier's asset-light operations Carry out a quantitative assessment.The results show that Haier's comprehensive financial security is declining,and financial risks are likely to occur.The financing risk is caused by the financing constraints caused by the special asset structure and the debt repayment risk caused by the implementation of quasi-financial models;the inward investment risk is caused by the uncertainty of the value of intangible assets and the decline in profitability caused by cost and expense control issues,The cause of foreign investment is the risk caused by the uncertainty of the results of investment mergers and acquisitions.Although the risk of foreign investment does not actually occur,it still needs to be prevented in advance;the cause of the business risk is the risk of inventory backlog caused by the rapid expansion of the scale of operations and the supervision of outsourcing links.Finally,according to the previous financial risk identification and evaluation results,this article puts forward corresponding risk control measures in a targeted manner.It is hoped that the research in this article can provide ideas and references for the transformation of other home appliance manufacturing companies,effectively solve the financial risk control problems under asset-light operations,and promote the continuous,efficient and stable development of the company.