Study On The Financial Risk Management Of H City Transportation Industry Group Co.,Ltd

With the continuous development of national economy and the deepening of the reform of investment and financing system,the investment and financing platform of local government in China has been gradually developed.Especially after the reform of tax distribution system,the financial power and administrative power of local government are relatively more independent and clear.The contradiction between the reduced fiscal revenue and heavy construction task is becoming more and more prominent.In order to stimulate the development of local economy,strengthen the construction of urban infrastructure,ensure and improve the people's livelihood,the local government begins to explore a new way to promote the construction of infrastructure by local financial resources.And the financing platform companies with distinct administrative background come into being.This paper selects H City Transportation Industry Group Co.,Ltd as the main research object.On the basis of learning and drawing lessons from the relevant research results of financial risk management at home and abroad,combining the characteristics of financing platform and the present situation of enterprise management in our country,this paper finally chooses to construct the financial index analysis system from four aspects: financing risk,investment risk,capital recovery risk and cash flow risk.This paper makes a thorough and detailed study on the financial risk of enterprises in order to explore the causes of financial risk.At the same time,on the basis of using the financial index analysis method to study the single financial risk,this paper makes accurate measurement of the overall financial risk of H City Transportation Industry Group Co.,Ltd by introducing the F-score model.The results show that H City Transportation Industry Group Co.,Ltd.has certain risks in financing,investment,capital recovery and cash flow.The scale of enterprise debt is too large.The debt structure is unreasonable or the contingent debt is too high.The financing risk is great.The profit ability of the enterprise itself is weak.Income of the company is too dependent on the local government.The company seriously lacks the ability of sustainable development.The liquidity of enterprise assets is poor and the turnover of accounts receivable lags behind.The ability of fund recovery is weak.The operating cash flow of the enterprise is seriously insufficient and the degree of debt guarantee is on the low side.The analysis results of F-score model show that although H City Transportation Industry Group Co.,Ltd.has relatively serious financial risks,the overall risks are still controllable.Against the background of the continuous tightening of regulatory policies on financing platforms and the strong intervention of local governments in risk management and control,the company's financial risk situation has been improved to a certain extent and its financial situation has become stable and sound.This paper also makes a detailed analysis of the financial risk management system and methods of H City Transportation Industry Group Co.,Ltd.,and makes a detailed analysis of the financial risk management status of the enterprise.It is found that corporate governance structure is unreasonable and role positioning is fuzzy in financial risk management.Weak awareness of financial risk management and insufficient risk control ability;Investment and financing activities lack of financial risk analysis,risk control is weakness;Lack of unified financial risk management department and effective financial risk management mode and many other problems.Finally,according to the financial risk analysis results of H City Transportation Industry Group Co.,Ltd.and the present situation of enterprise financial risk management,this paper puts forward some suggestions on risk control to help enterprises to control the financial risk and improve the financial situation,which can also be used for reference by other financing platform enterprises.