Research On CAQC Financial Risk Management

Financial risk management is an important component of financial management.The production and operation activities of enterprises are inevitably faced with a variety of risks,of which the most influential is financial risk.The automobile industry generally takes the whole vehicle manufacturing as the core.The upstream can be extended to the automobile parts related industries,and the downstream can also be extended to the automobile related trade,supporting services and finance.The automobile industry is different from the general manufacturing industry,because of the particularity of products,it has the characteristics of high income and high risk.Therefore,for automobile manufacturing enterprises,the management of various risks is particularly important,and financial risk is the most core risk.Effective management of financial risk is the main content of enterprise managers' risk management.This paper takes CA Automobile as an example to research the financial risk management.First of all,it introduces the research background and significance of the paper,the relevant literature and research ideas,as well as the related concepts and theories involved;secondly,it introduces CA Automobile,mainly including the development process and current situation of the enterprise.By selecting the indicators to respectively identify the main financial risks corresponding to financing risk,operation risk,investment risk,development risk and cash flow risk,and introduce the current financial risk management situation of CAQC.Next,it uses the analytic hierarchy process(AHP)and the efficiency coefficient method to evaluate the financial risk of CA Automobile quantitatively and confirm the level and development trend of financial risk:At present,the financial risk of the enterprise is at a high level and presents an increasing trend year by year.Then according to the evaluation results and the current situation of enterprise financial risk management,this paper analyzes the deficiencies of CAQC in financial risk management,mainly including: the lack of financial risk management system and effective methods,the weak guidance of current financial risk management results,and the disadvantage of investment risk,operation risk and development risk control in specific financial risk management.The main reasons are: on the one hand,the external environment of the automobile industry and the preferences of consumers have changed;on the other hand,the financial risk management in the enterprise is not good due to the lack of financial risk management awareness of the management,unreasonable staff structure,the status of the state-owned enterprise and the inertia of the company's behavior;finally,it proposes to improve the financial risk management of CAAutomobile.Perfect financial risk management system is an important guarantee for enterprises to effectively resolve financial risks.In this paper,combining with the actual situation of CA Automobile,the author analyzes the shortcomings of its financial risk management and puts forward suggestions for improvement,hoping to provide some help for CA Automobile to get rid of its business difficulties,and provide some reference and enlightenment for other enterprises in the same industry.