Financial Risk Management Research On Financing Term Mismatch Of New Energy Battery Enterprises

In recent years,China has developed the new energy industry rapidly.The new energy power battery is the most important branch of the new energy industry.The domestic power battery manufacturers have been given many subsidy policies,but the power battery industry is an extremely "cash burning" industry,research and development,sales need a lot of financing.When the financial cycle goes down,the financing constraints of new energy power battery enterprises increase significantly,and radical expansion will increase the debt repayment risk of enterprises.In this context,this paper takes the research of new energy power battery enterprises as the research object,according to the operation and development status and financing situation of new energy power battery enterprises,deeply discusses the causes and related influencing factors of the financial crisis.This paper takes Xinwanda as the case object.In the case of weak growth of lithium battery,Xinwanda has made a large scale into the power battery market.In recent years,the investment in the power battery market has increased sharply,and there are hidden financial risks.At the moment when countries around the world are vigorously developing the new energy industry,the price competition of raw materials for lithium battery production is increasingly fierce,the operating profit of lithium battery industry is declining,and the sales growth rate of new energy vehicle market is slowing down,many enterprises in the lithium battery industry have the problem of overcapacity,and it shows a further intensified trend under the influence of multiple factors.As a new energy battery manufacturing enterprise developed in recent years,Xinwanda’s current market share is not high.In order to realize the maturity of the industrial chain,how to take into account the market share and profit,there is no proper solution at present.This research is divided into five chapters.The first chapter combs and summarizes the existing research literature and research results on the basis of expounds the relevant research situation at home and abroad,and introduces the ideas and methods of the research.The second chapter introduces the relevant concepts and theoretical basis involved in this paper.The third chapter analyzes the development status of the new energy battery industry.The fourth chapter introduces the case,firstly introduces the operating status of Xinwangda Company,and then analyzes the signs of its maturity mismatch.According to the fund gap model,it quantitatively measures the maturity mismatch of Xinwangda Company,and confirms the maturity mismatch behavior of Xinwangda Company from the early stage of power battery production and research,and evaluates the overall financial risk level of Xinwangda Company through Z-score model and F-score model.The factors influencing the maturity mismatch of Xinwanda are also analyzed in detail.Then the financial risk management problem of maturity mismatch is explored in three aspects of financing risk,investment risk and debt repayment risk.The horizontal comparison between the industry average level and Xinwangda is introduced to find out what financial risks exist and the causes of financial risks.It is concluded that maturity mismatch behavior is the main cause of financial risks of enterprises,which will not only aggravate the financial risks of enterprises.It may also adversely affect the financial management and market operation of enterprises.From the perspective of external environment and internal financial management,the fifth chapter puts forward reasonable management suggestions and measures on how to avoid the risks caused by financing maturity mismatch,hoping that new energy power battery enterprises can improve asset liquidity and rationally use working capital.Improve the financial early warning mechanism of enterprises,predict risks in advance,reduce the financial risks of enterprises.