Research On Financial Risk Evaluation And Control Of China Oil HBP Science & Technology Company

In recent years,supply and demand in the world oil market have been in balance,and the global oil and gas market has shown a warming trend,which is good for the oil exploration and chemical industry.But the volatility of crude oil prices,instability in the Middle East and other uncertain factors still keep the whole oil industry surging.For enterprises,unstable market environment and increasingly fierce international competition will bring certain financial risks and increase the uncertainty of their operation process.These uncertainties may bring economic losses to enterprises,and improper handling may even lead to the bankruptcy of enterprises.Therefore,it is of positive and practical significance for the development of enterprises to improve the financial risk evaluation system so that enterprises can timely discover existing or potential financial risks,take timely and effective measures to control financial risks and reduce economic losses.In this paper,China Oil HBP Science&Technology Company is selected as the research object to carry out the research from the perspective of theoretical analysis and case study.The first part introduces the relevant theories of financial risk and financial risk evaluation model,lists the financial risk of the concept,classification,characteristics,influencing factors and the financial risk management theory,then expounds the efficacy coefficient method of financial evaluation method,this article selects,the content including the principle and operation steps of efficacy coefficient method and the evaluation of the method.The second part conducts case analysis,based on the financial statements of China Oil HBP Science&Technology Company from 2013 to 2017,firstly introduces the operation status of HBP,and then identifies the financial risks of HBP from three aspects of financing risk,investment risk and operation risk.Then,the efficacy coefficient method was used to construct the financial risk evaluation system applicable to HBP,and the comprehensive evaluation coefficient of financial risk of the company from 2015 to 2017 was calculated,and the financial risk level of the company in the past three years was analyzed according to the results.Finally,according to the financial risk assessment results of China Oil HBP Science&Technology Company,several measures to prevent financial risks are proposed to help enterprises better improve their ability to resist risks.As a well-known domestic oil service company,it is one of the important ways toimprove its financial management to study its financial risk.The results of risk assessment not only provide reference for the company’s management personnel in the deployment decision,but also promote the overall healthy development of the oil service industry.