Research On The Financial Risk Analysis And Control Of X Company

In recent years,with the twists and turns in the progress of global economic integration,the economic recovery has faced certain difficulties,the world economy is still in a long-term downturn,and China’s economic growth will also slow down.With the introduction of macro tightening policies,traditional industries such as the metallurgical industry and manufacturing industries have been severely impacted,and a large number of small and medium-sized enterprises have fallen into bankruptcy.China’s non-ferrous metals industry has also been affected in this round of economic recession,some companies have experienced a decline in performance,lack of profitability,and some companies have already suffered significant losses.The problems faced by these companies and even the bankruptcy crisis are essentially the concrete manifestations of financial risks.Managers’ full understanding of financial risks and scientific management are prerequisites for the sound development of the company.Therefore,it is very necessary to research the financial risks of these companies.This paper first introduces the research background and significance of the paper,the research status in China and abroad,and the research methods and content.This article then elaborates on the theoretical foundations related to financial risk and financial risk management.Taking X Company as an example to analyze the financial risk status of the company,it mainly includes its financing risk,investment risk and operational risk.It is concluded that the problems in the X company’s financial risk control mainly include incomplete risk management system,imperfect internal control,and weak awareness of risk management.Then,a financial risk evaluation system was constructed based on the efficacy coefficient method,and this system was used to evaluate the financial risk of Company X from 2013 to 2016.It was concluded that the financial risk ratings of Company X during the four years were general risks.Finally,aiming at the problems existing in the enterprises,the measures and guarantees of the company’s financial risk control are put forward in order to provide some reference for the financial risk management of non-ferrous metals smelting enterprises.