The Financial Risk Management Strategies Of Datong Power Company

Since the reform and opening up, China’s economic reform, the tremendous changes have taken place, resulting in social and economic aspects of our country, but also get a lot of progress, and achieved remarkable results. In recent years, under the deepening of China’s market economy, the global economic integration process to speed up the situation, for our electricity supply business management model is also undergoing great changes. Among them, the electricity supply industry is an important business relationship with our national economy, while the power supply is also a pillar of China’s industrial enterprises of the national economy. Power supply enterprises can secure, stable and reliable operation of the key factors directly determine whether the normal operation of all sectors of the national economy, and also directly with the masses of people’s daily lives. Therefore, the factors operating stability, and other aspects of the huge risk of loss of power supply companies can not be overlooked. Currently, due to the complexity of the business, information diversification effects in the management of enterprises in the process, there will have been a different kind of business risk. Competition in the market, in order to maintain an important position of power supply enterprise, access to steady economic growth, we urgently need to strengthen financial management, financial risk control occurs. In financial risk management of China’s power grid companies, we should focus on the financial risks that may occur, and effective control and management of the financial crisis, and ultimately ensure that the power grid enterprise has developed into a sustainable business, organizational sustainability. Therefore, how to strengthen the financial risk management of power supply companies is very important. On the basis of previous studies have been based on paper studies internal research Datong Power Company’s financial control issues. This paper studies are as follows: Firstly, it is discussed in Power Supply Enterprise Finance Internal Control of research background, meaning and purpose, the main content and research methods; second major understanding of the concept of risk, as well as power supply concept of financial risk features and other aspects of financial risk; furthermore analyzes the power company to identify financial risks and financial risks currently facing the actual situation on the basis of the power company Datong, Datong powered mainly on credit risk, commodity risk Operational risk these three specific analysis, and then summarizes the financial risk prevention Datong Power Supply Branch significance. Fourth, the main principles for the establishment of Datong Electric Power Company financial risk evaluation index system based on several aspects of the design framework for financial risk index system and corresponding formulas and descriptions. Fifth, against the financial risks faced by the power company Datong put forward the corresponding coping strategies, solutions and approaches. Finally, the paper made a summary, and research shows the need to continue in the future.