Research On Financial Risk Assessment Of Listed Enterprises In Photovoltaic Industry

Since the birth of photovoltaic technology,it has received extensive attention from countries all over the world,especially in developed countries such as Europe and the United States.In recent years,photovoltaic industry has been listed as a strategic emerging industry in China.However,due to its short development time in China,companies in the industry are faced with problems such as large amount of funds required in the early stage of the project and slow return of funds;On the other hand,the development of industrial products is unevenly distributed.Due to the low technical barriers of basic products,the total production capacity is excessive,but the production capacity on large-scale silicon chips is late,the research and development level is shallow,and there is still a relative shortage at present.The financial environment for the development of the industry is different from that of traditional industries.It is more dependent on government policy subsidies and the international market.The financial situation is vulnerable to impact and the financial risk is easy to reach a higher level.Therefore,in order to effectively deal with the financial risks faced by photovoltaic companies,a financial risk evaluation system should be established based on the model through risk identification and analysis,so as to provide basis for the company’s managers to take appropriate control and prevention methods to deal with financial risks,effectively reduce financial risks,and help the sustainable and healthy development of photovoltaic industry.This thesis focuses on the financial risk evaluation of photovoltaic industry.On the basis of reading and combing the theories of existing research results at home and abroad,it selects the financial evaluation method applicable to photovoltaic industry.From the macro and micro perspectives,this thesis identifies and analyzes the factors that will affect the financial risk of China’s photovoltaic listed companies,and clarifies the necessity of financial evaluation.After that,17 financial evaluation indicators were selected by referring to relevant literature to establish an evaluation indicator system for evaluating financial risks in the photovoltaic industry.Taking the financial data of 27 domestic PV listed companies from 2017 to 2021 as the research sample,the factor analysis method is selected to establish a financial risk evaluation model suitable for China’s PV listed companies.Finally,Longji Lvneng,a leading enterprise in the photovoltaic industry,was selected as a case to evaluate its financial risk through risk identification and application of the above model,and finally proposed financial risk prevention and control measures applicable to the enterprise to reduce the adverse impact of financial risk on the enterprise.