Research On Financing Risk Management Of HZ Company

In recent years,China has achieved a series of remarkable technological advancements and breakthroughs in the field of aviation and aerospace.Among them,aerospace manufacturing technology plays a very important role in the research and development of high-end equipment and the development of the national economy.With the continuous strength of China’s aviation manufacturing industry,the international competitiveness of China’s aviation industry is also constantly improving.Due to the industry characteristics and unique financing processes of aerospace manufacturing enterprises,their financing activities are often complex.However,current research has found that there are relatively few financing risk management methods in the aerospace manufacturing industry,and there is still a lack of research on the identification,evaluation,and prevention of financing risks.In order to promote the stable operation and healthy development of the industry,it is particularly necessary to develop reasonable and efficient financing risk management plans and prevention measures.This paper first systematically reviews the relevant concepts and theories involved in financing risk management.Based on risk management theory and internal control theory,HZ Company is selected as the research object.Then,based on publicly disclosed financial data and enterprise annual reports,the company’s financing structure and related risk identification and evaluation status are analyzed,It is concluded that the company’s financing structure is mainly external financing with bank loans and convertible bond financing,and its own funds financing is mainly internal financing.It also finds out the problems in the process of identification and evaluation of HZ company’s financing risk management.Afterwards,the financial statement analysis method was used to optimize the identification process of financing risks for HZ Company.Profitability indicators,debt risk indicators,and operational capacity indicators were selected as internal financing risk identification indicators,and market risk was used as external financing identification indicators.After identification,it was found that the company had financing interest rate risk,financing repayment risk,and financing term structure risk.By combining the Analytic Hierarchy Process and Fuzzy Comprehensive Evaluation Method to assess the level of financing risk and analyze the causes of risk,the evaluation is optimized.The results show that HZ Company’s financing risk is in a high range and needs to be highly valued by enterprises.The low utilization rate of funds,immature debt repayment mechanism,and slow turnover of accounts receivable are the main reasons for HZ Company’s internal financing risks.Inaccurate identification of risk exposure and imperfect risk early warning mechanism are the main reasons for HZ Company’s external financing risks.Finally,this paper proposes corresponding prevention measures for the internal and external financing risks of HZ Company,such as improving fund utilization,optimizing debt repayment guarantee mechanism,improving internal financing,and improving exchange rate risk management mechanism.The aim is to enhance HZ Company’s risk resistance and control level in financing activities,and also provide some reference for financing risk management in the same industry.