The Research On Financial Risk Control Of ZY Group Company

With the further development of market economy,Chinese enterprises will face more and more complex financial risks in the process of reforming and development.Financing risk is very important for the survival of enterprises.Because of the objective existence and loss of financing risk,enterprises should identify and evaluate the risk factors that affect the enterprise.And take effective movements to avoid and mitigate risks.Otherwise,they may cause financial risks.The financing risk management theory,combined with the general understanding of financing risk control,preliminary identification of financing risk in ZY Group Company;efficacy coefficient method to establish financing risk evaluation system based on financing risks of ZY Group Company analysis,determine the size of financing risk.This paper analyzes the causes of several raising risks identified by ZY Group Company such as shortage of funds,debt repayment risk and refinancing risk.And putting forward prevention measures according to the financing risks caused by different reasons.According to the risk of the shortage of funds,the enterprise should improve inventory management,accelerating inventory realization speed.The enterprise should refine account receivable risk management and speed up capital turnover.The enterprise could establish a scientific financing decision-making mechanism and improve debt structure.According to the risk of debt repayment,the enterprise should strictly control the cost of raw materials,strictly manage risk in hedging business,and improve profitability and profitability based on main business.According to the risk of refinancing,the enterprise should quicken the pace of enterprise transformation and simplify the staff of institutions are suggested.To evaluate the risk of financing,the enterprise should put forward the corresponding risk control methods,in order to make the company's assets operation virtuous cycle,asset quality has improved steadily.And could obtain long-term stable and healthy development,to provide a reference for other companies in the non-ferrous metal industry.