Research On Financial Risk Evaluation And Control Of BD New Energy Vehicle Company

With the aim of promoting the successful development of the new energy vehicle industry,the Chinese government has enacted a number of industry preference policies,such as exemptions from taxation and subsidies for sales.However,with the government’s increasing restrictions on subsidies to new energy vehicle companies and the removal of associated sales subsidies,the new energy vehicle manufacturing industry has found it more difficult to secure government subsidies,and funds for R&D are affected to some degree,plus China’s new energy vehicle companies are still investing heavily in R&D in order to solve range and other problems,which require a large amount of R&D funding.As a result,firms face greater financial pressure,and if there are problems such as poor fundraising and inappropriate use of invested funds,this can cause some financial risk.Therefore,this paper selects BD New Energy Vehicle Company(hereinafter referred to as:BD),a representative enterprise in the new energy vehicle industry,hoping to provide exploration on the analysis and evaluation and control of financial risks of this enterprise,and also serve as inspiration and reference for similar enterprises.The paper firstly compares and introduces the current situation of domestic and foreign research related to the identification and control of financial risks of enterprises;secondly,it analyzes the data related to the balance sheet,income statement and cash flow statement of BD in the past five years,and analyzes the financial risks faced by the company from four aspects:financing,investment,operation and growth;then,it applies the F-score model to initially measure the financial risks of BD,and the measure The results show that BD has financial risk for four years out of five years from 2017-2021,and further comprehensive evaluation is needed to determine the risk level;then the thesis uses the efficacy coefficient method to comprehensively evaluate BD’s financial risk and classify the risk level.The specific steps are as follows:(1)From four aspects of solvency,profitability,operating ability,development ability,choose the relevant indicators and construct the index system;(2)calculate the weight for each indicator using entropy weighting(3)using the effectiveness coefficient method to perform an overall assessment and classify the level of risk.The results of the assessment show that the company has financial risk for five years,and the level of risk gradually increases between 2017 and 2019,although the risk level decreases in 2020-2021,it is still at a high risk warning level;finally,the thesis proposes control measures in terms of financing,investment,operation and growth risks according to the current financial risks of BD,and proposes supporting measures to ensure the effective implementation of control measures from the perspective of internal management.Finally,the thesis proposes control measures in terms of financing,investment,operation and growth risks,as well as supporting measures to ensure the effective implementation of control measures from internal management perspective.In terms of financing risks,we will optimize capital structure and broaden financing channels;in terms of investment risks,we will strengthen internal investment efficiency analysis and assess the feasibility of external investment projects;in terms of operation risks,we will strengthen accounts receivable management and improve inventory management system;in terms of growth risks,we will identify potential markets and increase technological innovation;and in terms of supporting measures,we will standardize the internal control system and improve employees’ awareness of risk prevention.Through the analysis of this thesis,we hope that it can play a certain reference role in the financial risk and control in the new energy automobile industry.