Research On The Influencing Path Of Financial Lease Of Manufacturer On Financial Risk

Manufacturer are the mainstream of financial leasing industry because of their advantages such as convenient operation,low cost and strong after-sales service.Financial leasing can help manufacturers to increase sales revenue,but with the expansion of financial leasing business,it will bring corresponding financial risks.Therefore,it is of practical significance to study the impact of financial leasing on financial risks.This paper adopts case analysis method and chooses ZOOMLION as the representative enterprise to carry out financial leasing sales in construction machinery industry.In this paper,after the financial analysis of ZOOMLION,we find that there are some problems in ZOOMLION,such as the decline of profitability,the weak level of debt repayment,the shortage of cash flow,the large receivables and the high risk of bad debts,and the financial risk is high.In the financial leasing business of ZOOMLION,there are three financial risk points: credit review risk,refund risk of financial lease receivable and management of leasing equipment.Because of the imperfect credit rating mechanism and unreasonable credit granting,ZOOMLION' s financial leasing business has an impact on the risk of bad debts,cash flow and debt repayment,which leads to the occurrence of operational risk and financing risk,thus leading to financial risk.Combining with the existing risk control measures of ZOOMLION,this paper puts forward some suggestions for improving the financial risk prevention from four aspects: customer review mechanism,accounts receivable management,financing channels and second-hand equipment management.