The Research On Financial Risk Management Of W Group

With China's economy entering into the new normal,the development of electronic instrument manufacturing industry has been influenced by some factors such as the reform of the national power grid.The management environment of electronic instrument manufacturing companies is becoming more and more diversified and complicated,and the competition among enterprises is becoming more and more fierce.Due to the existence of the above objective factors,some listed companies in electronic instrument manufacturing industry are eventually being specially dealt with because of the occurrence of financial risks.Therefore,an effective financial risk evaluation system should be established to track and evaluate the financial risk in time,and to take corresponding risk prevention measures.It can prevent some electronic instrument manufacturing companies from getting into difficult situations because of the financial risk,and also has important practical significance for the sustainable and healthy development of electronic instrument manufacturing companies.By combining theory with practice,this paper expounds the basic theory of enterprise financial risk and the evaluation method of financial risk,which provides theoretical support for its case study.Taking W Group as its research object,this paper based on W group's financial statements of the last three years to calculate the relevant financial indexes,and by comparing them with overall industry financial data.This paper identifies the solvency risk,operating capacity risk,development ability risk and profitability risk of W Group from the financial point of view and discussing the risk influencing factors of W group's from a non-financial point of view.Using Analytic Hierarchy Process(AHP),this paper determined W group's index weight of the financial evaluation system,and according to the evaluation requirements of the efficiency coefficient method,the risk grade of both W group's financial ability and non-financial ability are evaluated.The final financial risk grade of W Group is "mild risk".Although the financial risk evaluation of W Group is "mild risk",through the analysis of the subordinate degree of financial risk evaluation,we can see that W Group should pay attention to solvency,profitability and development capacity,compared with other enterprises in the same industry,here are problems.In view of these problems,this paper puts forward a series of preventive measures such as scientific financing,optimizing capital structure,making reasonable repayment plan,strengthening the management of accounts receivable,activating idle assets,actively developing the market,adjust the structure of products and strengthen industrial alliances,and so on.