Research On The Financial Risk Pre-waring Of Chinese Wind Power Enterprise Based On The Method Of Efficiency Coefficient

With the continuous growth of China’s wind power industry,wind power has become one of the representatives of China’s clean energy industry.The country’s adjustment of the wind power industry has made China’s wind power enterprises face more challenges and fierce competition.In terms of market demand,due to the recovery of China’s wind power industry,the domestic market is experiencing a surge in installation in 2020.The number of onshore and offshore wind power projects has increased significantly,and offshore wind power has received more and more attention.In terms of policy changes,subsidies Reduction is the main situation in China’s wind power industry at present,and wind power companies are facing higher pressure on cost control;in terms of product structure,large wind power generator manufacturers’ wind turbine products are gradually turning to largecapacity fans,and small-capacity fans are being replaced.In addition to the impact of the industry environment,wind power companies also have problems such as high investment risks,uncertainties in technology research and development,and insufficient liquid funds.As the financial risks of wind power companies become more and more complicated,the assessment and early warning of financial risks is conducive to helping enterprise managers to identify risk points in a timely manner and implement preventive measures in a targeted manner.This article selects the representative of China’s wind power industryGoldwind Technology as the object of case studies,analyzes its operating conditions and sources of financial risks,and refers to the specific financial risks of China’s wind power companies.Based on this,the financial coefficient early-warning system of Goldwind Science and Technology was constructed using the efficiency coefficient method.The early warning results show that the financial risks of Goldwind are currently in a state of moderate early warning,and there are problems such as large financing risks,long investment recovery periods,and a large proportion of receivables,which should be improved.This article explains the specific improvement measures of Goldwind Technology,and provides certain suggestions for the financial risk prevention countermeasures of wind power enterprises in China.This article contains five chapters.The first chapter is the introduction.This article introduces the writing background and overall thinking of the full text from four aspects: research background,meaning,framework,method,contribution and deficiency.The second chapter is a literature review.Define the related concepts of the thesis,and integrate and review the relevant literature on financial risk warning.The third chapter is the theoretical analysis of the financial risk early warning of wind power enterprises.Firstly introduce the 4R crisis management theory,internal control and risk management theory,and enterprise diagnosis theory,and then classify and discuss the financial risks of China’s wind power companies.Under the guidance of the principle of early warning system construction,the financial indicators corresponding to various risks are summarized and summarized.Instructions.The fourth chapter is a case study.After a general introduction of Goldwind Technology,it explored the hidden risks in its various operating links,combined with the actual situation of Goldwind Technology to screen financial risk indicators,and established a financial risk early-warning model using the efficacy coefficient method.Based on the results of the early-warning analysis,the risk sources,make a suggest for improvement.The fifth chapter is the conclusion and prospect of the research.This chapter first summarizes the research conclusions of the full text,then puts forward some suggestions on how to prevent financial risks in China’s wind power enterprises,and finally summarizes and prospects this article.The main contributions of this article are reflected in three aspects: First,take Goldwind Technology as an example to build a financial risk early warning system,and based on the results of the early warning,put forward risk prevention recommendations for Goldwind Technology and China’s wind power companies,which are in line with the current development of the wind power industry The policy situation has certain industry characteristics.Second,the use of the efficacy coefficient method to establish an early warning model is easy to operate and highly practical.It can provide overall and detailed early warning score results for wind power companies,which is helpful for them to determine the source of the warning.Third,this paper adjusts its financial risk classification according to the characteristics of wind power companies.It screens early-warning indicators from four perspectives: financing,investment,operation,and capital chain risk,which enriches financial risk early-warning research.