Research On Financial Risk Control Of YQ Coal Company

With the deepening of supply-side structural reform in China,the concept of de?capacity,de-inventory and de-leverage has penetrated into many industries.However,in recent years,many enterprises have neglected the control of financial risks,resulting in heavier debts and lower profits.If such enterprises do not decrease but increase,they may face serious bankruptcy crisis if they do not control the risk.Therefore,in the rapidly changing economic environment,financial risk control in a reasonable range is the focus of attention of enterprises.Coal is the energy guarantee of national economic development.In order to ensure the healthy development of coal enterprises,it is necessary to create a healthy development space for coal enterprises in the modem economic environment.The environment and energy crisis make the development of the coal industry sluggish,the coal market continues to be depressed,the overcapacity,the oversupply of supply and demand affect the decline of coal prices,the sales of coal enterprises gradually decline,and the buyers occupy a leading position.Influenced by the industry market,coal enterprises are generally in arrears,funds can not be recovered in time,the company's capital circulation is blocked,and even the situation of capital chain rupture.Therefore,in order to smoothly realize the capacity of coal enterprises and smoothly overcome the current predicament,coal enterprises should put financial risk control on the agenda.This paper studies and summarizes the current situation of financial risk research at home and abroad and the basic theory of financial risk control,and then chooses YQ Coal Company as the research object,identifies the financial risk of the company according to its basic financial indicators from 2013 to 2017,especially for financing risk,investment risk,operation risk.The problems existing in the risk of income distribution are analyzed in detail,and constructs the financial risk early warning system of YQ Coal Company by using Z-score model and F-score model.Finally,a specific financial risk control scheme is designed to help YQ Coal Company optimize the existing financial risk control system and achieve faster and better development of the company.