Research On Financial Risk Analysis And Control Of XL Automobile Company

Automobile manufacturing is a capital and technology intensive industry,which is an important part of China's industry and plays an important role in China's industrialization process.In recent years,as China's economic development has changed from high-speed growth to medium-high-speed growth,the development of automobile manufacturing industry has also changed according to the changing times--from relying on factors to driving innovation,thus entering a new stage of industrial upgrading.It can be seen that new technologies,led by new energy vehicles,have a great impact on traditional automobile manufacturers.Meanwhile,the investment momentum,consumption growth and the improvement of national environmental protection requirements brought by the economic growth slowdown all put forward urgent requirements for the transformation and upgrading of traditional automobile manufacturing industry.The upgrade here is not only the technical upgrade,but also the upgrade of management mode.Compared with developed countries in Europe and America,China's automobile industry started late,and there are still many nonstandard and imperfect management systems,including enterprise financial risk management.The management of financial risk aims to identify and control the financial risk in a reasonable range,so as to promote the healthy development of enterprises.Based on the above background and the basic theory of financial risk management,this paper takes XL company as the research object to discuss in detail.The first is to lay a foundation for the industry background,explain the development of the automobile industry and the industry financial risk management problems.Then cut into the subject,according to the financial risk management process,from the financial risk identification,evaluation and control of the three parts.Mainly through the selection of representative financial indicators,from the perspective of financing risk,operating risk,profit risk,combined with the company's internal and external actual situation for specific analysis.In terms of evaluation,the z-score model is used to make a scientific evaluation of its financial risk status.Finally,after a comprehensive understanding of XL's financial risk,some feasible control methods are given.