Research On JLKY Company's Capital China Risk Management Strategy

The capital is the blood to maintain the development and operation of the enterprise,and the capital chain refers to the essential basic revolving fund chain that can sustain the production of the enterprise.As an important energy industry in China,the coal industry has gradually shrunk its market share and profits under the influence of the national “de-capacity” and “energy-saving and emission reduction” policies,which has led to the emergence of capital chain risk drawbacks in the coal industry.This paper analyzes the operational risks of JLKY in four stages: fund raising,capital investment,capital operation and capital withdrawal based on the basic concepts and basic theories of comprehensive enterprise capital chain risk management.Secondly,it analyzes the sources of JLKY's capital chain operation risk pressure from the external environment and internal factors.The external pressure sources mainly include the policy environment of the national and local governments,the market economy environment and the financial environment.The internal pressure sources mainly come from In the four aspects of internal governance capacity,capital structure quality,enterprise production and operation costs and capital chain risk awareness;finally,the basic principles of capital chain risk management and control are clarified,including the principle of quantity,balance and overall.It also proposes to optimize the internal governance structure of the enterprise,optimize the internal capital structure of the enterprise,strengthen the cost control of the capital operation,strengthen the risk awareness of the internal capital chain of the enterprise,and improve the guarantee mechanism of the long-term operation of the enterprise capital chain as the specific control strategy of JLKY's capital chain risk.The viewpoints and methods of this paper provide useful reference and reference for enterprise capital chain risk management.