| Aluminum industry is one of the most important basic industries in our country.In2017,China intensified the structural reform on the supply side of aluminum industry enterprises,and became stricter in terms of capacity removal,elimination of backward production capacity,and environmental protection supervision.As a result,aluminum industry enterprises are facing many challenges,such as decreased demand,still excess production capacity,increased environmental protection costs,and large fluctuations in raw material prices.At the same time,most aluminum industrial enterprises have problems such as unbalanced asset structure,poor capital turnover and imperfect financing system.External risk factors and internal risk factors have triggered and exacerbated the financial risks of enterprises,seriously affecting the development of enterprises.Y company is an aluminum industrial enterprise mainly engaged in electrolytic aluminum,aluminum and deep processing of aluminum.In this economic environment,there is inevitably a problem of financial risks.If financial risks cannot be effectively identified,evaluated and controlled in time,the growth and development of enterprises will be jeopardized.Therefore,it is very important to study the financial risk evaluation of Y company.In this paper,Y company is taken as the research object,on the basis of studying the relevant domestic and foreign literatures on financial risks,and on the basis of relevant theories,the financial risks of Y company are evaluated based on factor analysis,analytic hierarchy process,efficacy coefficient method and fuzzy comprehensive evaluation method.The first part of the article starts with the relevant research on financial risks at home and abroad,and sorts out the relevant literature on financial risks and financial risk evaluation.The second part elaborates the related concepts and theoretical basis related to financial risk and financial risk evaluation.The third part introduces the general situation of Y company and its industry background.Combined with the relevant financial data and actual operation of Y company from 2014 to 2018,it identifies financial risks from five perspectives: financing risks,investment risks,operation risks,cash flow risks and other risks.The fourth part expounds the design idea and construction principle of the financial risk evaluation system.According to the principle of selecting financial risk evaluation indexes,financial indexes and non-financial indexes are selected,thus establishing thefinancial risk evaluation index system of Y company.Factor analysis is used to objectively weight financial indicators and AHP is used to subjectively weight non-financial indicators to determine index weight.And through the efficacy coefficient method and fuzzy comprehensive evaluation method,the financial risk evaluation model of Y company is established,which together with the financial risk evaluation index system forms the financial risk evaluation system of Y company.The fifth part applies the established financial risk evaluation system to comprehensively evaluate the financial risk of Y company,obtains the conclusion that Y company has a high level of financial risk,and analyzes the specific financial risk evaluation indicators.In the sixth part,according to the results of evaluation and analysis,corresponding control measures are put forward for the main financial risks existing in Y company,hoping to provide reference for Y company and other similar enterprises to evaluate and analyze financial risks. |
