Research On Financial Risk Evaluation And Prevention Of HXSH Company

Petrochemical industry is the pillar industry of China’s national economy,and it is also a capital-intensive industry with high safety risk and long production supply chain.In recent years,with China’s industrial transformation and upgrading,the petrochemical industry,which is on the verge of saturation,faces greater challenges.At the same time,enterprises often encounter various uncertain factors during production and operation,resulting in the occurrence of financial risks.Financial risk is the concentrated embodiment of all kinds of risks faced by enterprises.Therefore,it is helpful to promote the development of petrochemical enterprises to carry out financial risk evaluation and formulate corresponding preventive measures according to the evaluation results.In this paper,the petrochemical enterprise HXSH company as the research object,from the company’s financial risk evaluation,prevention of two aspects of the discussion.First of all,the research on financial risk at home and abroad is reviewed,and the theory related to financial risk is briefly expounded,which provides a certain theoretical basis for the subsequent in-depth analysis and discussion.Secondly,from the financing risk,investment risk,operation risk,development risk four aspects of the analysis of the company’s financial risks.Then,from the internal and external aspects of the formation of the company’s financial risks.Thirdly,according to the results of financial risk analysis,12 indicators of financial risk evaluation are selected to establish a financial risk evaluation system.The system uses analytic hierarchy process to determine the weight of each index,and uses the improved efficiency coefficient method to grade HXSH company’s financial risks,and comprehensively evaluates HXSH company’s financial risks from 2016 to 2020.It is concluded that HXSH company’s operating conditions are normal,some evaluation indicators are abnormal,and there may be financial risks,which should be paid more attention to.Finally,with the results of financial risk evaluation as a reference,combined with the company’s daily operation,from the aspects of financing,investment,operation,development of the company’s financial risk prevention measures.This paper hopes to help HXSH company improve the level of financial risk management,effectively prevent financial risks and promote the sustainable and stable development of HXSH company in the future through the study of financial risk evaluation and prevention.