Research On Financial Risk Of "Yantai Tongyong-times Fuyi-jiayuan"

Based on the Risk Management Theory and Financial Risk Management Theory, it put emphasis on the financial risk of "Yantai Tongyong-Times Fuyi-jiayuan". It has feasibility in project background and development planning. The project views project implementation schedule as guiding principles and it puts emphasis on the land and living resources in resource using planning. It has some energy-saving measures in three aspects of land saving, water saving and material saving in order to analyze the project financial risks."Yantai Tongyong-Times Fuyi-jiayuan" is similar to other real estate projects and it has characteristics of objectiveness, uncertainty, controllability, measurability and overall in financial risks. "Yantai Tongyong-Times Fuyi-jiayuan" is in its initial stage, therefore it puts emphasis on identifying the risks in financing and investment programs. The project financing program examines the financing, income and tax status and through the analysis it can identify the financing risk performance."Yantai Tongyong-Times Fuyi-jiayuan" can find its breakeven point by using Breakeven Analysis and it can find the most sensitive factors and the impact of its sensitivity by using the Sensitivity Analysis. By using the Fuzzy Evaluation Method, it can get the comprehensive assessment of the financial risk of the project. As far as "Yantai Tongyong-Times Fuyi-jiayuan" is concerned, the break-even point is 91.32%, while 91.32% indicates that when the project is completed, the cost is equal to earnings. Using sensitivity analysis showed that the two most important factors in the project are the investment and the return of land transfer funds, the changes in the magnitude of the two factors critical limit is±15%. By using Fuzzy comprehensive evaluation method and based on the principle of maximum principle, the results showed the overall evaluation results of real estate projects is safer.The prevention and control of financial risk about "Yantai Tongyong-Times Fuyi-jiayuan" is mainly in terms of financing risk, investment risk, project development capacity and cash flow management. The financing risk measures include broadening the financing channels, rational planning and capital structure with debt maturities. The investment risk measures include implementing the portfolio strategy, controlling costs and achieving inventory rationalization. The project development capacity measures include the expansion of the scale, to achieve flexibility promotions and accelerate capital accumulation, thereby it can expand the size and potential business development. The cash flow management measures include controlling the daily cash flow and managing and supervising cash flow, in order to better play the role of corporate cash flow.