Research On The Identification And Control Of Financial Risks Of Y New Energy Compan

Recent years,new energy material industry as a new emerging industry,have got a lot support from government,with broad development prospects.More and more enterprises tend to transition new energy material industry so the industry is becoming saturated.The policy brings advantages and at the same time it also brings challenges.In order to have a place in the competitive market,enterprises continue to upgrade their industrial structure and adjust their business strategies.In this process,financial risks are inevitable.Therefore,only by accurately identifying financial risks and actively dealing with them can enterprises maintain good development situation and ensure healthy and sustainable development of enterprises.This paper uses company Y as the study object,which is a new energy listed company.At first,it introduces the current industry status of Y company briefly,and also makes a brief analysis of the company’s present situation of the business,staff and financial.Secondly,according to company Y current financial situation,this paper analysis and identified the financial risk from three perspectives,that are financing,investment and working capital.And then it also analysis the causes of financial risk in combination with internal and external factors.Again,it selected 13 targeted indicators from the three perspectives above and based on the specific date from 2016-2020,to set up a practical financial risk evaluation system for company Y using entropy value method.Referencing to enterprise performance standards and using the improved efficacy coefficient methodthis paper valued the financial risk of company Y and divided into grade ranges.Contrast grade range,this paper get the financial risk degrees of company Y in recent five years,that are severe risk,highest risk,mild risk,mild risk,moderate risk and the overall risk degree is high.At last,this paper gives target measures to problems that existing in various risk perspectives.Such as balance of debt structure,diversification of financing,strict control in cost and so on.The paper hopes company Y will have a healthy operation and development in the future.