A Case Study On Financial Risk Management Of Angang Steel Co.,LTD.

In recent years,with th e rapidly development of China's economy,the corporate financial risk management has become one of the most important research topic in the field of financial m anagement.Corporate fina ncial risk refers to the corporate in the process of financial activities,due to a vari ety of difficult to predic t or control the subjective and objective factors in the financial condition of uncertainty,thus make the corporate economic losses and deviation with the expected result.This risk may exist in any financial activities,especially as the economic,cultural,political change and show the characteristics of the increasingly com plex,is our country corporate faces various risks influence the crucial one,in th is case,the corporate should be m ore careful and take more effective financial risk m anagement to deepen the cognition to the financial risk and its types,strengthen financial risk management and control,ef fectively avoid controllable risk.In this paper,the basic theory of financial risk management and related knowledge as the foundation,m ain related literature at home and abroad and referring to the core idea of the m ainstream of financial risk m anagement theory sorting is introduced in detail.Then in Angang S teel Company Limited as the research object of this pap er,a preliminary analysis of the interior o f the present enterprise financial risk management present situation,through the analysis of the historical financial statem ents of t he enterprise,to classification,the result f ound ways of Angang S teel Company Limited financing is relatively single,cash flow of the main channel for the most part is through loans,debt and capital structure is not idea l,poor liquidity,profitability,and the asset utilization efficiency is not high,can' t fully use of financial leverage,in addition to the upstream of the origin al fuel dependence is very big also.Finally based on the above risks,recommendations to build financial risk prevention system model and effective countermeasures for the prevention of the risk.Angang should seek a new way of financing sources,establishm ent of reas onable sheets,o ptimize capital structure,increase investment in upstream industry in order to reduce the orig inal fuel in this process.Angang steel co.,L TD.,the author of this paper is relate d to financial risk issues and avoid financial risk control m easures,so as to the steel industry has a certain applicability,to provide certain r eference function to other iron and steel corporates,help them enhance the ability to resist risk and level.