Study On Financial Risk Management Of QY Electric Power Co.,Ltd

With the deepening of the reformation of electric power system, electric power enterprises are facing increasingly intense market competition. If the electric power enterprises want to maintain the dominant position in the market competition, they need to strengthen internal management, improve operational efficiency. Financial risk management is the most important part of the internal management of enterprises, and is also crucial for its survival and development. In the daily business activities, when the power companies face a variety of internal and external risks, they need to take active measures actively to avoid or reduce financial risks, which ensures normal production and business activities.First of all, this paper introduces the concept of financial risk, classification, characteristics,influencing factors and other theories. Secondly, according to the characteristics of power enterprises and the actual situation of QY Power Company, this paper analyzes QY Power Company’s financial risk management. On the basis of this, evaluates the financial risk of QY electricity by the Uni-variate judgment model and the analytic hierarchy.In this paper,the traditional analytic hierarchy process (AHP) is improved, and the financial risk evaluation index is weighted by using the objective method to improve the objectivity of the method and the accuracy of the financial risk evaluation result. Firstly, selecting the financial index related to QY power financial risk, constructs the multilevel financial risk evaluation index system including target layer, criterion layer and index layer . Secondly, the entropy method is used to initialize the indexes. Calculate the weight of each index before carrying out correlation analysis of each index, and select the index without significant correlation to form a new index system. Then, use Entropy method assign to them. Finally,according to the index weight calculates QY power comprehensive score of annual financial risk,and analysis company ’ s existing financial risk. Put forward countermeasures and suggestions for the existing problems, correspondingly. The financial risk of electric power enterprises is closely concerned by various stakeholders, and it is helpful to evaluate the financial risks by making reasonable evaluation about financial risks and proposing effective risk control strategies.