Research On Financial Risk Assessment And Control Of X New Energy Power Generation Co., Ltd

Photovoltaic power generation has unprecedented opportunities for good development under the carbon peaking and carbon neutrality goals.The development and utilization of solar energy can not only adjust the energy structure,reduce the consumption of fossil energy,and alleviate the pressure on energy and the environment but also promote energy conservation and emission reduction,protect the environment,and make important contributions to the sustainable development of society and economy.Both in the short term and in the long term,the photovoltaic industry will benefit from the reform of the power market system and the large-scale development of photovoltaic power generation.While facing such development opportunities,China’s photovoltaic industry has also been affected by many factors at home and abroad.Intensified external market competition and ongoing trade frictions have put pressure on the operation of photovoltaic companies.Issues such as delays in receiving subsidies for renewable resources and difficulty in recovering sales payments exacerbate the difficulties.In the face of these complex development situations,how to accurately grasp the current and future development trends,enhance self-financial management capabilities,and reduce or avoid financial risks is an urgent issue for China’s photovoltaic industry.Based on the comprehensive risk management theory as the main theoretical basis,this paper identifies the financial risks that X New Energy Power Company faces in four aspects: financing,investment,operation,and development,according to the characteristics of the photovoltaic industry and the company’s own situation.Then,primary evaluation indicators are screened through the combination of entropy method and Pearson correlation.Next,the entropy method and efficiency coefficient method are used to quantitatively evaluate X company’s financial risks and analyze the causes of risks.Finally,targeted control strategies and suggestions are proposed based on the causes of risks.The research results of this paper provide reference for further deepening the research on financial risk management in China.The proposed control strategies and suggestions have practical guidance for the financial risk control of X company and have a certain reference value for the financial risk control practice of other enterprises in the industry.