Study On Financial Risk Analysis And Control Of HY Group Co.,Ltd

As a world pharmaceutical power,China's pharmaceutical industry plays a vital role in China's economic development.According to incomplete statistics,there are more than 3600 existing Chinese pharmaceutical industry enterprises,which can produce about 1500 kinds of chemical raw materials,with a total output of more than 43 thousand tons,ranking second in the world.At the same time,the pharmaceutical industry also faces enormous challenges.The characteristics of pharmaceutical industry,such as large investment,high difficulty of innovation,high risk rate and high rate of return,make the pharmaceutical industry of our country inevitably face the problem of financial risk.Therefore,it is necessary to pay attention to the financial problems faced by the pharmaceutical industry,and to analyze and control them effectively.It is the top priority of the pharmaceutical industry in China.This paper sorts out the relevant theories of financial risk management,and applies the theoretical basis including financial risk management program theory,modern capital structure theory and portfolio theory,and control theory to detailed financial risk identification and evaluation methods and financial risk control theory.Secondly,based on the theoretical analysis,HY Group are taken as the research object to analyze the financial risks of the pharmaceutical industry.This paper uses the literature research method to integrate the research achievements of financial risks at home and abroad,and determine the research ideas of the article.By comparing the overall profitability of the same industry,it is found that the income status of HY Group is not good.It is meaningful to conduct financial risk analysis,and HY Group are relatively early listed companies in the same industry.A certain position,through the study of HY Group,can roughly understand the influencing factors of the main financial crisis in the industry,and hope to provide other similar enterprises with reference suggestions for financial risk control.The article uses comparative analysis and quantitative analysis methods to identify financial risks.The factor analysis method is applied to the financial risk assessment of HY Group.The financial indicator data of HY Group from 2013 to 2017 is selected as a sample,and the financial risks of the existing HY Group are identified and evaluated based on the enterprise data and industry background.First of all,through the financing risk,investment risk,business risk,management risk identification and analysis of HY Group from 2013 to 2017,it is found that the capital structure of the enterprise is unreasonable,the debt service ability is weak,and the risk of investment.Weak operation ability and imperfect management system.Secondly,on this basis,the relevant financial indicators for 2017 are selected for horizontal factor analysis.The F score of HY is ranking 196,indicating that the financial risk control problems of HY Group.The problem mainly concentrates on the profit ability and the growth ability of the enterprise.In order to make the evaluation more stereoscopic,this paper selects 1995-2017 years,the financial indexes of HY Group were analyzed by longitudinal factor analysis.Financial risk changes found in HY Group were concentrated in 2013 and 2016.In addition to the impact of external policy changes.Through longitudinal analysis,it is found that the main indexes affecting the financial risk of it are profit ability index and growth ability index.Finally,put forward the financial risk control strategy,including strengthening financing management and optimizing the fund structure,increasing the research and development and feasibility analysis,formulating the repayment system,strengthening the comprehensive budget,setting up the early warning and mechanism to increase the profitability of the enterprise to reduce the financial risk of the enterprise.