Research On HW Technology Financial Risk Evaluation And Control

China is now in the 14 th Five Year Plan period,and science,technology and economic strength are showing a positive trend of development.However,it is undeniable that the COVID-19 has brought great challenges to China.In this situation,the competitive pressure within China’s high-tech industry is constantly increasing.The development cycle of the high-tech industry is long,the product updates are fast,and the requirements for technological research and development are high.Financial risk is considered one of the important characteristics of enterprise economic operation,as it can provide valuable information for enterprise management to actively respond to industry competition and promote enterprise continuous development.HW Technology Co.,Ltd.(referred to as "HW Technology"),as a high-tech enterprise,has had poor operational capabilities in the past five years and is highly likely to face financial risks.Therefore,it is necessary to conduct systematic research on HW Technology’s financial risks.This article takes HW Technology’s financial risk as the research object.Firstly,theoretical preparation is conducted,analyzing the concepts and types of financial risk,the concepts and methods of financial risk identification,the comparison of financial risk evaluation methods such as univariate evaluation models and efficacy coefficient methods,the concepts and methods of financial risk control,and relevant theoretical foundations.Secondly,analyze the financial situation of HW Technology and identify the financial risks of the enterprise.Based on the three major financial statements,clarify the financial situation of the enterprise.Use the financial indicator identification method to identify the financing risk,investment risk,operational risk,and income distribution risk of the enterprise.Based on the actual situation from 2017 to 2021,conduct vertical risk identification.Use the industry average in the "Enterprise Performance Evaluation Standard Values" issued by the State owned Assets Supervision and Administration Commission to identify horizontal financial risks.To re evaluate the financial risks of enterprises,based on the identification of financial risks,this article uses 15 financial indicators to establish a financial risk evaluation index system,and uses the entropy method to calculate weights.The improved efficacy coefficient method is used to determine the financial risk level.The financial risk levels of HW Technology from 2017 to 2021 are: small risk,minimal risk,large risk,large risk,and general risk,Identify the reasons for financial risks through specific analysis.Finally,propose financial risk control measures for enterprises,based on the level of financing risk,investment risk,operational risk,and income distribution risk,and propose corresponding financial risk control measures.To provide theoretical reference for HW Technology’s financial risk assessment and control.