Research On Financial Risk Management Of Z Company

In recent years,the rapid economic development of all countries has brought the energy consumption and environment degradation.As a developing country,China’s energy consumption is at the forefront of the world,but China’s energy structure is relatively simple and its environmental performance is poor.In order to solve the problem of energy shortage,researchers all over the world will focus on biomass energy,as a new clean energy,biomass energy has been widely concerned.At present,the development and utilization of biomass energy is still inseparable from the government’s support.For example,enterprises with comprehensive utilization of resources can enjoy the preferential policies of value-added tax refund.Although biomass power generation industry has developed in China,it is influenced by many factors,such as fuel market environment,environmental protection policy,state support and so on.Financial risk,as the visual expression of business condition,has been paid more and more attention by the management.Therefore,through the analysis of the financial risk faced by the company,can provide effective information for the company’s managers,thus making the right management decisions.Based on the financial risk and financial risk evaluation and control related theories,this paper initially identifies the financial risks of biomass power generation company Z Company through the analysis of Z company’s financial data from 2014 to 2018.According to the influencing factors of financial risk,scientifically select financial indicators as the analysis object,take the "Enterprise Performance Evaluation Standard Value" as a reference,and use the efficacy coefficient method to construct the company’s financial risk evaluation system,and conduct an in-depth analysis of the company’s financial status in 2018.Based on the results of the analysis,effective recommendations are made for the current situation and existing problems of Z company’s financial risk control.Through calculation,Z’s financial risk status is in the middle stage,and the company’s solvency and operational capability are weak,and need to be further improved.The company should focus on potential business problems,strengthen scientific and effective management,and enhance the company’s ability to resist risks in all aspects.