| To guide the better development of Chinese enterprises and provide them with a better financing environment,China has built a new third-board market with Chinese characteristics.In this regard,more and more small and medium-sized enterprises are scrambling to choose to be listed in the New Third Board Market to raise funds and to expand.However,reality often backfires.Although the ever-changing market environment creates more opportunities for enterprises,it also exposes a lot of financial risks inevitably in the process of development.Any careless,these risks may cause irreparable losses to the enterprise,or even get down after a fall,and finally have to delist regretfully,that was a dismal end.This phenomenon is not uncommon in the New Third Board Market.In this case,this paper chooses this topic for research,which has a profound social background and practical significance.Based on the above background,this paper takes Jilin Jian ’an Co.,Ltd.as the research object and adopts literature analysis method,case analysis method,and quantitative analysis method,to study the financial risk of Jilin Jian ’an Co.,Ltd.After introducing the basic situation of Jilin Jian ’an Co.,Ltd.,this paper,with the support of existing literature on financial risk and other relevant theories,analyzes its existing financial risk by observing the changing trend of its financial data from2016 to 2020.After analysis found that,at this stage,the financial risk of Jilin Jian’an Co.mainly includes: unreasonable capital structure,weak solvency,blind expansion of production scale,insufficient investment in research and development,insufficient inventory management ability,too concentrated business area,low capital turnover rate,a large proportion of accounts receivable and the risk of "bad debts".And the main reasons for these risks were: the high degree of ownership concentration,unreasonable debt structure,lack of perfect investment feasibility analysis,weak independent innovation ability due to shortage of talents in the industry,weak market development awareness,lack of effective internal resource allocation,widespread phenomenon of "focusing on sales but neglecting collection",focusing on sales but neglecting management,lack of sharing of inventory information and lack of perfect internal control system for inventories,etc.According to the exposed financial risk of Jilin Jian’an Co.,this paper combined with the present situation of the risk management of Jilin Jian’an Co.puts forward the corresponding improvement measures: Firstly,optimize ownership structure to achieve equity scattered,reduce the holding proportion,absolute holding for relative holdings,at the same time broaden the financing channels,in particular,can use to solve the financing lease way because of the problems of embarrassment influence equipment procurement funds;Secondly,adopt risk avoidance measures to reduce investment risks,formulate rigorous investment plans,conduct scientific investment recovery evaluation and demonstration,and choose the best time for capital investment;Thirdly,design the credit management process of Jian ’an Co.,Ltd.,establish and improve the early warning system of customer risk crisis,and improve the risk awareness of sales staff while urging the sales staff to actively develop the market.Besides,the reasonable allocation of funds to establish a virtuous circulation mechanism of funds,each department to do a good job of income and expenditure budget work in advance,the development of costs,expenses and expenditure management rules and regulations and strict implementation.Finally,improve the inventory management system of Jian ’an Co.,Ltd.,pay attention to the accounting and management of inventories,and implement reasonable and effective planning and control of inventories.Through the implementation of the above measures,the financial risk prevention and control level of Jilin Jian ’an Co.,Ltd.will be gradually improved. |
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