| As the enterprises are confronted with more and more opportunities and challenges with the unceasingly accelerated marketization,how to increase the enterprises' competitiveness and seize the opportunity while embracing challenges are expected to solve.However,the solution fundamentally lies in whether these enterprises can master their own capacity accurately in time.In this sense,the financial risk appraisal is deemed as an effective approach of understanding the enterprises' actual operation in that it is conducive to assist enterprises in identifying the external threats,understanding their own advantages and disadvantages in terms of operation so as to guarantee to make scientific and rational decision,and promote the enterprises' stable development in the long run.In China,the largest country in world fish production,the fishery industry composes an important part in the national economy.No matter for increasing the farmers' income,accelerating the rural development or advancing the ability of earning foreign exchanges through exports,the fishery industry plays an important role.Therefore,it is of great significance to carry out financial risk appraisal of the fishery enterprises.Under this background,this thesis applied the matter-element extension method to establish the financial risk appraisal system for the fishery enterprises and applied such system to SP Company to assess its financial risks.This thesis,based on the characteristics of the fishery industry,classified the financial risks of fishery enterprises to six categories including the marine environmental risk,the policy risk,the market risk,the financing risk,the investment risk and the operating risk.In addition,24 indexes including such non-financial indexes as the direct economic losses resulting from natural disasters,the policy support on processing trade and the inflation,etc.,and such financial indexes as the asset-liability ratio,the sustainable growth rate and the inventory turnover rate,etc.Were adopted to construct the financial risk appraisal index system in respect of the fishery enterprises.Meanwhile,for the construction of the financial assessment system for such fishery enterprises,this thesis adopted the matter-element extension model and utilized the analytic hierarchy process to confirm the index weight.Finally,this thesis assessed SP Company's financial risks by means of the said system on the basis of its financial data and actual conditions from 2014 to 2016,and proposed the corresponding risk precautionary measures in hopes of assisting the company in enhancing its emphasis on financial risks and improving the risk preventing ability. |
