Financial Risk Identification And Evaluation Of Real Estate Enterprises

With the continuous improvement of China's economic system and the optimization and upgrading of industrial structure,the contribution rate of the real estate industry to the national economy has increased year by year,which has become an important part of economic development.However,in recent years,the state's macro-control of the real estate industry is also increasing,people's demand for housing is gradually diversified,competition between industries is becoming inereasingly fierce,land priees are rising sharply,the real estate industry i5 also facing increasing challenges.If we want to continue to survive and develop in such a macro environment,we need to constantly improve vigilance and establish risk awareness.Real estate enterprises are capital-intensive enterprises,and a large amount of capital investment will certainly bring about financial risks.As one of the main risks faced by real estate enterprises,financial risks exist in all aspects of production and operation of enterprises.How to effectively identify and evaluate the financial risks of real estate enterprises and take appropriate control measures to reduce risks and promote the development of enterprises are related.The future of every real estate enterprise.Firstly,this paper summarizes the relevant domestic and foreign research results of financial risk,and understands that the current research on financial risk focuses on three aspects:financial risk management theory,financial risk evaluation method and financial risk control countermeasures,it has not yet formed a complete financial risk management system,and focuses on explaining the relevant concepts and characteristics of risk and financial risk,and introduces the main identification methods and evaluation methods of enterprise financial risk;then,a thorough comparative study is made on the development status of China's real estate enterprises from three aspects:financing status,investment status and operation status,and the related concepts and methods of enterprise financial risk identification are introduced,and the existing financing risks of China's real estate enterprises are analyzed by means of financial index analysis method.,four kinds of financial risks,including investment risk,working capital risk and income distribution risk,are identified concretely.Then,according to the results of financieil risk identification of reed estate enterprises in China,key financial evaluation indicators are screened out,and an evaluation index system of financial risk of real estate enterprises in China,which consists of five first-level indicators and twenty second-level indicators is constructed,then,four main types of financial risk evaluation indicators are compared and explain the reason why this paper chooses Z-score model analysis method and statement analysis method to carry out financial risk evaluation;Finally,taking Evergrande Group as an example,using financial index analysis method,select key indicators to identify its main financial risk factors,and it is found that there are four kinds of risks:financing risk,investment risk,working capital risk and income distribution risk..according to the relevant financial data of Evergrande Group in 2013-2017,the financial risk of Evergrande Group is comprehensively evaluated by using Z-score model analysis method and statement analysis method.,the results show that there are some financial risks such as poor solvency,poor cash flow turnover,insufficient working capital and declining profitability,etc.,therefore,the paper puts forward some suggestions,corresponding risk control measures have been taken to reduce financial risks and promote the long-term healthy development of enterprises.Figure[21]table[23]reference[60]...