Research On Financial Risks Of X New Energy Enterprise

With the continuous progress of the 13 th Five-Year Plan,China has entered a critical period of low-carbon energy transformation.The outline of the 13 th Five-Year Plan proposes to vigorously develop non-fossil energy and replace bulk coal burning with gas,electricity,waste heat and renewable energy.The development of China’s new energy industry has entered a golden period.Although the development prospect of new energy industry is extremely broad,its development is also dependent on enterprises,and it is difficult to avoid facing various financial risks and challenges.In particular,this industry is highly dependent on national policies for its development,its income is greatly affected by the amount of government subsidies,large investment in the early stage of development,long period of capital recovery and other characteristics,resulting in its financial risk has the characteristics of the industry.The main performance is high investment cost,financing difficulties,weak market competitiveness,research and development and technology investment risk.Therefore,strengthening the prevention and control of financial risks of new energy enterprises is of great significance to the development of new energy industry and even the adjustment of the entire economic structure.In this paper,the previous research results of enterprise financial risk evaluation are the cornerstone.Firstly,the financial risk of new energy enterprises is analyzed theoretically.Secondly,on this basis,combined with the characteristics of the new energy industry and the actual situation of X new energy enterprise,select the financial indicators of this enterprise in recent three years to conduct comparative analysis with the industry average and enterprises of the same scale,and identify the financial risks faced by X new energy enterprise.Then,on the basis of risk identification,the financial risk evaluation system of X new energy enterprise is constructed.Specifically,the construction steps of the financial risk evaluation system are as follows :(1)define the financial risk evaluation index system according to relevant principles and actual situation;(2)determine the index weight by using analytic hierarchy process;(3)calculate the score of each index by using the efficiency coefficient method based on the benchmark value of enterprise performanceevaluation;calculate the comprehensive score according to the weight of each index;(4)judge the risk level of X enterprise;(5)analyze the risk evaluation result;Finally,according to the evaluation results,put forward the financial risk prevention measures and policy recommendations.The risk evaluation results show that the financial risk level of X new energy enterprise is light alarm.Through further analysis of X new energy enterprise,the enterprises should optimize capital structure,increase the intensity of cash flow control,strengthen cost control,strengthen the accounts receivable management of each link,adopt a strategy of diversifying investment,attach great importance to the technical innovation investment,to reduce the financial risk and ensure that the enterprise benign sustainable operation.Based on the characteristics of the new energy industry and enterprises,this paper establishes an effective financial risk evaluation system for X new energy enterprise,which is conducive to the improvement of X new energy enterprises’ evaluation of their own financial risk and the improvement of their own risk resistance ability.Meanwhile,similar enterprises in the industry can also refer to the financial risk evaluation system of this paper for risk evaluation.In addition,the financial risk assessment is specific to the field of new energy.A relatively complete financial risk assessment process is formed by constructing the financial risk assessment index system,constructing the comprehensive financial risk assessment system,and analyzing the financial risk assessment results from comprehensive to multi-dimensional analysis.Therefore,it has some practical guiding significance and enriches the theoretical achievements of financial risk evaluation to some extent.This paper hopes to provide some references for the financial risk study of the booming new energy enterprises through the case of X new energy enterprises.