Research On Financial Risk Measurement Of China's New Energy Listed Companies

Our country is in the key period of low carbon transformation,It is the main path of China's energy transformation to vigorously develop new energy and adjust the industrial structure.In this context,the new energy industry ushered in an unprecedented opportunity.However,as a new high-tech industry,the new energy industry has a high volatility and high risk.As a micro carrier of new energy industry,new energy enterprises directly determine the development of new energy industry,New energy enterprises need to strengthen financial risk management,in order to promote the healthy development of new energy industry.As the core content of enterprise financial risk management,financial risk measurement plays an important role in preventing financial risk,Financial risk measurement for new energy companies can provide a basis for the prevention of financial risks in the new energy industry.Taking the listed companies of China's new energy A shares as the research object,This paper analyzes and measures the financial risk of the new energy industry.First of all,this paper systematically reviews the relevant literature of financial risk,financial risk measurement,define the meaning of new energy,new energy industry and new energy listed companies.this paper analyzed the factors affecting the financial risk of the new energy listed companies and according to the principle of index design,the financial risk measurement index system is constructed.Through the information entropy method to establish financial risk measurement model,financial risk of the new energy listed companies is measured,financial risk is divided by K means clustering analysis and according to these worthy sizes,the relative level of financial risk of new energy listed companies is judged.Therefore,the financial risk level of listed companies with new energy sources by K means clustering analysis is relative.In the study of 121 listed companies,the financial risk of the 25 companies belong to grade I,the financial risks of 43 enterprises belong to grade II,The financial risks of the 32 companies belong to level III,the financial risks of 16 enterprises belong to grade ?,The financial risks of the 5 companies belong to level ?,the greater the level,the greater the financial risk.When analyzing the result of the measurement,it is found that the significantimpact on financial risk indicators is the rate of assets and liabilities,cash flow interest coverage ratio,sales net profit rate,inventory turnover rate and total asset turnover ratio,current asset turnover,net cash flow growth rate,the growth rate of business income,government subsidies strength,They are more sensitive to reflect the financial risk situation of new energy listed companies..Finally,according to the analysis results,this paper puts forward some reasonable suggestions on how to prevent financial risks.