Research On Financial Risk Early Warning Of New Energy Enterprises

The trend of trade globalization has increased the demand for energy in various countries,and excessive energy consumption has gradually highlighted the issue of energy and environmental pollution.Faced with the depletion of traditional fossil fuels,new energy sources,mainly non-polluting and renewable,have become the direction of development of the global energy mix.Although good guidance has promoted the development of new energy enterprises,uncontrollable market failures and policy failures have exacerbated the financial risks in the daily business activities of domestic new energy enterprises.Therefore,to maintain sustained growth in a competitive market,new energy companies need to establish an early warning system that monitors in real time potential financial risks at all stages of production and operations to support company management decisions.Company B,as a typical new energy enterprise,started relatively early and the new energy technology is relatively mature,but the lack of core technology and the external influence of the downgrade of the state subsidy policies have brought great financial risks to the enterprise.Based on the relevant financial risk theory and combined with the characteristics of companies in the energy industry,this paper analyzes the financial risk indicators of Company B from 2017 to 2021,and analyzes the causes of financial risks from both macro and micro perspectives.On this basis,it optimizes the traditional financial risk early warning index system and builds a financial risk model.The measurement results of financial risk early warning model are used to analyze the risk level in depth.When constructing a financial risk early warning system,first of all,considering that the mismatch between people and positions will lead to conflicts of interest,resulting in a weak corporate governance environment,and triggering financial risks,the financial indicators that reflect the enterprise’s financing,investment,operations,and income distribution capabilities are selected.Moreover,non-financial indicators that reflect the corporate governance and management incentives are also introduced.Secondly,using the entropy method and SPSS software correlation analysis,we conducted two rounds of screening for the selected indicator variables,and finally determined the weight of the early warning indicators with strong importance and low information repetition in the final screening.Finally,a financial risk alert model was constructed using the ambiguous synthesis evaluation method and the combined alerts for the corresponding year of the company were measured in combination with the standard company performance assessment values issued by the commission.Based on the results of the alert feedback,it was found that the conclusions of the alert were broadly consistent with the conclusions of the previous company’s financial risk analysis,confirming the feasibility and effectiveness of the financial risk alert system built.In addition,based on the early warning results,financial risk prevention suggestions are also proposed,which will help Company B to achieve long-term development and have some guiding significance for other new energy enterprises to avoid financial risks and enhance their survival ability.