Research On Financial Risk Management Of BQ Company In New Energy Automotive Industry

New energy automobiles are playing an increasingly prominent role in the market,with strong development momentum of networking and intellectualization,and the industry has entered a new stage of rapid development.However,in recent years,with the gradual decline of policy subsidies and increasing market competition,China’s new energy automotive industry is also facing new challenges under the new situation such as insufficient supply of core technology and imperfect industrial ecology.With the termination of new energy automobile direct subsidy policy in 2023,China’s new energy automobile industry is going through a critical period of transition from patchled to self-driven.Many new energy automotive enterprises are facing different levels of financial risk,financial risk management is essential for the sustainable and healthy development of enterprises.This paper takes BQ Company,a new energy automotive enterprise in China,as the research object.Firstly,it combs the relevant literature of domestic and foreign scholars,summarizes the related theory of financial risk,financial risk management process,and financial risk evaluation model,which provides ideas and theoretical support for this study.Secondly,it introduces the background of the new energy automobile industry in China,including the development status of the industry,the financial characteristics of the new energy automobile industry,and some major issues facing it.Briefly introduces the basic situation and financial status of BQ Company,and initially understands the financial risks that BQ Company is facing.From four aspects of financing,investment,operation and income distribution,this paper systematically identifies the financial risk of BQ Company,mainly including single financing method and unreasonable capital structure.The main business has poor profitability and a large amount of investment has not yielded the expected return.Accounts receivable are high and inventory backlog is serious.Net profit after deduction does not support risks such as income distribution.After identifying the financial risk,the causes are analyzed,including the unreasonable sales structure.Excessive dependence on government subsidies;the product is not competitive enough;There are four reasons for unreasonable financial decisions.Fifteen financial indexes are selected according to the actual situation of BQ Company and the characteristics of new energy automobile industry.The index weight is determined by using the entropy method,the score is calculated by using the efficiency coefficient method,the financial risk level of BQ Company is determined,and the risk status of each classification and index is determined.Finally,based on the identification and evaluation results of the previous section,this paper puts forward targeted financial risk prevention and control measures from four aspects: broadening financing channels,preventing and controlling investment risks,preventing and controlling operation risks,and improving core competitiveness.