Study On Capital Chain Risk Management Of Shenwu Environmental Technology Co.,Ltd

The 18th national congress of the communist party of China(CPC)incorporated ecological progress into the overall five-pronged plan,and the 19th national congress of the communist party of China(CPC)focused on promoting green development.In recent years,the development prospect and investment value of listed companies in the environmental protection industry have attracted more and more attention as the national and local governments have strengthened the policy support for the listing of environmental protection companies.As a capital-intensive industry,environmental protection industry has the characteristics of large investment,long payback period and high debt ratio,so it has higher requirements for capital chain risk management.As a leader of green and low-carbon development in the domestic industrial field,Shenwu Environmental Co.,Ltd.owns such subversive new technologies as"acetylene coal chemical industry" and "bulk coal pyrolysis and quality improvement",and has formed its core competitiveness by relying on intellectual property rights and technological advantages.However,such a company with the policy support and advanced technology has been frequently Mired in the liquidity mire since 2017,with many projects suspended and its financial situation in dire condition,which is worth further discussion.So this article choose Shenwu Environmental Co.,Ltd.as an object,using the theory of diversification,capital circulation and capital turnover theory and internal capital market theory and so on,to research the current situation of the capital chain risk management analysis of capital chain problems in risk management and proposes the corresponding risk capital chain optimization Suggestions,for Shenwu Environmental Co.,Ltd.and other environmental protection class of the company's capital chain risk management to provide some reference.It is found that the debt structure is unreasonable and the financing method is single in the financing stage.At the stage of capital use,its investment strategy is aggressive,its profitability is insufficient,the related party transactions take up funds and the prepayment is too large;There are inventory turnover risks and serious receivables recovery risks in the recovery stage.In order to cope with these problems,Suggestions are provided for the three stages:adjusting debt structure,expanding financing channels,rational investment,strictly controlling related party transactions and guarantees,reasonably arranging prepayment,strengthening accounts receivable management and improving inventory management mechanism.Consider to maintain the stability of capital chain,for a long time also need some subsequent safeguards to form perfect capital chain risk management mechanism,and has set up a financial risk early warning system was put forward,build standard cost dynamic management mechanism,promote the capitalization of intellectual property rights and improve the fund risk monitoring institution subsequent security measures.