Study On Financial Risk Assessment And Prevention Of An Airport Company

With the development of China's civil aviation industry and the rapid development of tourism,the airport industry has entered a stage of rapid development.While vigorously opening up the market and infrastructure construction,competition pressure from high-speed rail and fast-moving vehicles is constantly increasing,and the external competition environment for airport companies is becoming increasingly fierce.Especially in less-developed regions,regional airports have fewer people and a relatively small population.Poor,the airport's profitability is insufficient,and it is in a state of severe losses throughout the year.The risks facing China's airport enterprise operations cannot be underestimated.Based on the downward market economic environment and the pressure of the competitive situation,the study of corporate financial risk assessment and prevention has become an important subject of current research by airport companies.The research object of this paper is that the airport company A has undergone several system reforms.The corporate governance structure is incomplete,there are signs of serious chaos and disconnection in the management system,the supervision and restraint mechanism is not perfect,the management and control methods are relatively backward,and there is no effective financial risk management and control system.Based on the perspective of constructing the company's internal control system,this article starts from the two aspects of "risk assessment" and "control activities",and uses a scientific model to construct the financial risk evaluation system and early warning system of Airport A Company.Firstly,the research background and related concepts and theoretical basis of the thesis are discussed.Secondly,the actual situation of the airport company A is briefly introduced,and the company's financial statements and the same industry evaluation index standard values are used.Identification and research and analysis of the airport's financial risk status in four aspects,including capacity and development capability,and research shows that the current airport A company mainly has debt repayment risk,working capital risk,investment risk,and financial system risk.Third,the efficiency coefficient method was used to calculate and evaluate the financial risk of A Airport Company in 2016-2018.The evaluation results showed that A Airport Company's financial risk in 2016 was at a significant risk level,and the financial risk of 2017-2018 was at a particularly significant risk level.Finally,based on the evaluation results and risk identification,through the practical application of the F-score model,an airport financial risk early-warning system is constructed,and corresponding risk prevention measures are proposed to minimize corporate losses.The innovation of the research in this paper is to build an airport company's financial risk evaluation system from the perspective of building the internal control system of airport A company,starting from the two links of "risk assessment" and "control activities",using the efficiency coefficient method and F-score model And prevention mechanisms,hoping to provide reference value and scientific basis for other airport companies to conduct financial risk assessment and early warning research.