Study On Financial Risk Identification And Prevention Of Sinopec Oilfield Equipment Corporation Based On Efficiency Coefficient Method

Sinopec Oilfield Equipment Corporation is the only company in Sinopec with the research and development,manufacturing and technology service of Oil and gas technology equipment.it has strong strength overall,but petroleum resources are increasingly scarce and international relations is complicated,which led to international crude oil price risk and exchange rate risk and has significantly increased the company's operating risk.What's more,according to the Oriental wealth network industry comparison data,Sinopec Oilfield Equipment Corporation's Dupont analysis index in ranked in the 178 th among the 250 companies in the same industry,and its data is volatile from year to year,and so the financial risk early warning research is carried out for the company,in order to get healthier development in the event of a big natural gas development,the deep water energy conference in 2017,and the ministry of homeland resources to open up five oil and gas exploration rights,the "One Belt And One Road" strategy and the state department's "guidance on the cooperation of the international production and equipment manufacturing cooperation".This paper takes Sinopec Oilfield Equipment Corporation as the research object.Firstly,the paper introduces the research background and significance,clarifies the research direction,sorts out relevant literatures on financial risk identification and prevention at home and abroad,and establishes the main body framework of the paper.Secondly,it mainly introduces financial risk,entropy method and efficiency coefficient method,and establishes risk theory,risk control theory and MM theory.Then,the basic situation of the company is introduced,followed by PEST analysis of the external environment and internal environment analysis of petrochemical machinery business environment;then based on the four capabilities of the financial indicators of the status analysis;Next,based on the four major development capabilities and referring to the sasac "enterprise performance appraisal standard value" to select alternative financial indicators,and use the entropy method and SPSS correlation analysis for preliminary screening,then use the entropy method to determine the weight of each indicator;In addition,taking the data of the company from 2013 to 2017 as the sample,the efficacy coefficient method was adopted to determine the standard value and scoring method of the indicators,and divide the warning interval,so as to establish the financial risk identification index system.The risk identification was conducted from the comprehensive financial risk and the financial risk based on the four capabilities,and then the risk summary and cause analysis were conducted.Finally,according to the summarized problems combined with the actual situation of petrochemical machinery put forward corresponding effective risk prevention measures.