Research On Financial Risk Identification And Prevention And Control Of ZL Ocean Fishery Company

In recent years,enterprises have paid more and more attention to the identification and prevention of financial risks,which is mainly due to the influence of various domestic regulatory policies.Enterprises need to make corresponding adjustments to cope with internal and external environmental changes.In the process of adjustment,the problem of financial risk is particularly prominent.Financial risk as the inevitable product of market competition,if not paid attention to and properly dealt with,will make enterprises suffer huge economic losses,and may even lead to bankruptcy.In this paper,ZL ocean fishing company as a case,the company’s financial risk status is studied.Firstly,the background,significance and related theories of the thesis are summarized.Secondly,on the one hand,combined with the specific situation of ZL ocean fishing company,SWOT analysis is used to identify the risks of the company’s external environment.On the other hand,combining with the company’s financial statements,the Z-value model is established to analyze the financial risk level of ZL’s deep-sea fishing company.It is found that the Z-value of ZL’s deep-sea fishing company has been on a downward trend since 2016,and in 2019,the Z-value has dropped to the lowest value in four years.According to the result of the above recognition,from the external environment,the financing risk,investment risk,operation risk,income distribution risk of ZL five aspects detailed summarized the present situation and problems of the financial risk of the pelagic fishery company,thus points out the problems of the existing: in terms of the external environment,the Marine fishery resources degradation of environmental degradation production,industry policy changes to the company bring new challenges;In terms of financing,through the analysis of ZL’s long-term and short-term solvency,it is found that the company’s debt structure proportion is unbalanced,and the company relies excessively on bank loans to raise funds,and the financing method is relatively simple.In terms of investment,this paper argues that ZL’s internal investment form is too simple,and the industrial model of external investment is unreasonable.Furthermore,it needs to change the managers’ cognitive ability of financial risk.In terms of operation,ZL ocean fishing company has problems such as overstock,disordered procurement management and low recovery rate of receivables.In terms of income distribution,the dividend distribution policy adopted by ZL Ocean Fishing Company at the present stage is unreasonable,which affects the enthusiasm of minority shareholders to invest.In view of the above problems,this paper gives specific suggestions: in terms of external environment,reasonable use of government subsidies to buy fishery insurance;Develop diversified business models and promote the process of industrial integration.In terms of financing,ZL ocean fishing company should determine reasonable debt scale and structure to improve the utilization rate of funds;Establish diversified financing channels and disperse financing risks.In terms of investment,the company should flexibly use a variety of investment strategies to reduce investment risks;Enhance managers’ awareness of risk prevention and strengthen functional cooperation among various departments.In terms of operation,it is necessary to strengthen procurement management and improve the procurement system.Perfecting the inventory management system and establishing the inventory management system;Establish accounts receivable evaluation system and improve collection mechanism.In the income distribution,the company should combine the actual situation,improve the accounting method;At the same time,we will improve the dividend distribution policy and control the risk of income distribution.Through the case analysis of this paper,the paper puts forward preventive measures with application value for the deep-sea fishing enterprises,in order to provide a reference model and guide similar enterprises to conduct financial risk management.