Under the general trend of economic globalization,the sales model gradually presents the characteristics of diversification,and the competition among China’s clothing enterprises is becoming more and more large.If enterprises still adopt the asset-heavy operation mode,it will be difficult to maintain their competitiveness under the impact of increasingly saturated market and gradually shrinking profit margin.Therefore,it has become a new choice for garment enterprises to change the asset-heavy operation mode into asset-light operation mode.Asset-light operation mode refers to outsourcing low value-added businesses such as production and processing while focusing on core businesses with high value-added such as research and development,design and brand operation.In the complex and changeable environment,whether the asset-light operation mode will bring new financial risks to enterprises and how to manage them has always been a difficult problem for asset-light operation enterprises.Therefore,this paper chooses to study the financial risk management of asset-light operation mode.First to light asset operation mode with research achievements at home and abroad in the field of financial risk comb summary,assets operation mode of light,heavy assets operation mode,the financial risk of the financial risk,asset operating companies such as defining the concept,at the same time on the value chain theory,the smile curve theory and risk management theory as the theoretical basis;Then to light assets operating enterprise G company as an example,study the basic situation,the light asset operation mode and the application of dilemma,from three aspects:investment,operation and financing,combined with the heavy assets operation mode youngor and clothing industry average,comparing the relevant data analysis to identify G company’s business model with light financial risk assets.And analyzes the causes of financial risks,at the same time,the use of factor analysis from the overall judgment of the financial risk of the enterprise,clear whether it needs to carry out financial risk management,and investment,operation and financing risk of G company’s financial risk ranking;Finally,relevant control suggestions are put forward one by one,so that G company can focus on controlling financial risks and focus on reducing risks with greater impact.Through research,this paper draws the following conclusions: The overall financial status of G company is poor and the risk level is high,which needs to be managed.First,investment risk has the greatest impact on the financial risk of G company,which needs to be controlled.G company can control the investment risk of improper use of funds by strengthening the feasibility analysis and supervision of investment projects and increasing research and development investment to promote income growth.Second,operational risk has the second largest impact on G company’s financial risk,which also needs to be controlled.G company can control poorly managed operational risks by attaching importance to inventory management,speeding up inventory circulation and formulating appropriate credit policies.Third,financing risk has the least impact on G company’s financial risk,which needs to be properly controlled.G company can control the financing risk of single financing method by creating diversified financing methods. |