Antai Group Co., Ltd. Fundraising Risk Management Research

The management and control of financing risk is an important part in the process of preventing and resolving financial risk.As the most direct behavior of blood transfusion,financing activities not only affect the production and operation of enterprises,but also affect the capital structure,governance structure,investment decision-making and many other aspects of enterprises.Therefore,the identification and management of enterprise financing risk can not only avoid the enterprise in debt to some extent,but also help the enterprise to optimize its anti risk ability,which is of great significance to the healthy and sustainable development of the enterprise.During 2006-2015,China's coal industry experienced a decade long period of rapid expansion of production capacity.The huge pressure of ahead of schedule construction of production capacity once caused the coal price to fall to the level of loss of the whole industry,and many coal enterprises are struggling to survive by debt.In this process,many coal enterprises have exposed serious financing risks,debt overdue phenomenon is also common.This paper selects Shanxi Antai Group Co.,Ltd.,a listed company in the coal industry in Shanxi Province,a major coal province,as the research object,and tries to explore the effective identification,scientific evaluation and standardization of corresponding management strategies of financing risk of Antai group by using the relevant knowledge of accounting and financial management,so as to provide scientific basis for Antai group to formulate and implement financing risk management policies,It also provides an effective reference for the listed companies in the coal industry to get rid of the debt and optimize the financing structure.First of all,on the basis of the comprehensive research results at home and abroad,this paper systematically expounds the relevant concepts and theoretical basis of financing risk,deeply analyzes the current situation of financing risk and financing risk management of Antai group,identifies the financing risk faced by the company from the internal and external aspects,and uses the efficiency coefficient method to identify the operation ability,debt paying ability,profitability and growth The ability of four dimensions of the company's financing risk evaluation,and then according to the evaluation results for the company to develop the corresponding risk response measures.The analysis shows that the financing risk of Antai group is mainly caused by poor performance,single financing mode and unbalanced debt structure.Theresponse should be carried out from three aspects: optimizing financing mode and structure,strictly controlling accounts receivable and opening up new profit growth points.