Study On Financial Risk Evaluation And Control Of HE Photovoltaic Power Company

Financial risks objectively exist in every company,which will lead the company's actual earnings deviate from the expected due to a variety of uncertainties.This objectivity also determines that a company can't completely eliminate financial risks,but a company can identify and evaluate financial risks during operation time and then take steps to prevent and minimize financial risks,which is an indispensable work for each company.In recent years,due to the abrupt change of market and national policies in photovoltaic industry,in addition to the poor management of operators,the financial risks problem is becoming more and more serious.Based on reading and studying a large amount of literatures about financial risks,this paper combines the actual situation of HE PV companies and the characteristics of the whole industry and environment to identify the financial risks of HE companies from both internal and external environments.In terms of external environment,this paper analyzes the industry risks,exchange rate risks,policy risks,technical risks and market share risks.In terms of internal environment,this paper analyzes the four aspects including solvency,operational capability,profitability and development capability.Then,based on the internal environment and the external environment,financial indicators and non-financial indicators are selected to construct the financial risks assessment system of HE company,which can be used to comprehensively evaluate the financial risks of HE PV Company.In the comprehensive evaluation of financial risks,the analytic hierarchy process(AHP)and related software areused to determine the weights of financial and non-financial indicators,then the coefficient of effectiveness and the scoring method of experts are used to determine the financial risk assessment index of financial indicators and non-financial indicators respectively.Based on the weight calculation of the ratio of financial and non-financial indicators,HE PV company is currently in the police financial risk status.Finally,we propose appropriate risk control measurements for the identified significant financial risks from financing,investment,strengthening the management of accounts receivable,inventory and developing the profitability of enterprises.This paper aims to provide some new management ideas for HE PV companies and PV enterprises that have similar financial risk problems so that they can achieve sustained and healthy development.