Research On Liquidity Risk Management Of China Energy Jilin New Energy Power Generation Co.,Ltd

With the continuous development of our country’s market economy system,in order to better prevent risks,the enterprise risk management system needs to be gradually improved.Under the diversified market economy,the enterprises are facing the general harm due to the increasingly diversified emergencies.The security of liquidity has a direct relationship with the survival of enterprises,which involves the sustainable operation of various enterprises.Liquidity risk is one of the most important risks in all kinds of risks of an enterprise,which determines whether the enterprise can continue to operate.Therefore,it is very urgent to prevent the risk of the enterprise’s working capital.It is necessary to study the actual cases of bankruptcy of some famous enterprises in recent years at home and abroad,and formulate the customized countermeasures according to the industry environment and characteristics of the enterprise.It is an urgent problem to manage the risk of working capital and avoid the bankruptcy of enterprises.This paper selects the liquidity risk management of Jilin new energy power generation Co.,Ltd.(hereinafter referred to as new energy company)as the research object,uses financial index calculation and analysis of various links of fund circulation and capital turnover to study and think,and puts forward the scheme of optimizing the risk management of the working capital of new energy source company and makes corresponding detailed implementation rules.This paper first introduces the current situation of new energy companies,including the external environment and internal operation.From the analysis of the results,it is found that the new energy company is not only adverse to the external environment,but also not very optimistic in the internal operation.The structure of assets and liabilities in various financial indicators is not reasonable,the current assets are too small,the current liabilities are too much,the operation capacity is weak,and the profit is not enough Based on the analysis and summary of the current situation,the liquidity risk of new energy companies is identified.Then,the paper analyzes the operation of the working capital of new energy company from four aspects: fund raising,capital investment,capital operation and fund return.Financing refers to the financing process of new energy companies.The financing channels are divided into external debt financing and internal equity financing.The proportion of two different financing channels determines the level of capital risk.The fund investment link is closely related to the financing link of the enterprise.The funds are invested in various operation activities and construction activities of the new energy company,which provides continuous power for the production and operation and development of the new energy company.The fund operation is the core of the whole working capital operation.It combines the financing,capital input and fund return closely.This point is shown in the process of using funds in the daily production and operation activities of new energy companies.Therefore,once the fund operation links have problems,the whole working capital operation of new energy company will become very dangerous.The return of funds is the end of the operation of the working capital,the ultimate goal and achievement of the new energy company to operate the working capital,and the key to whether the capital from financing can generate cash appreciation and measure the effectiveness of the operation of the current capital.In the process of analysis,the problems existing in the process of working capital operation of new energy companies are found,which further reveals the fundamental reasons for the liquidity risk of new energy companies.The five basic reasons for the liquidity risk of new energy companies are the difficulty of external financing,the increase of operation risk caused by radical expansion,excessive dependence on bank debt financing,the failure of timely payment of large amount of funds occupied by the buyer and the lax capital control system.At the same time,the risk of liquidity of new energy companies is evaluated by Z-score risk early warning model,and the result is that new energy companies are prone to financial crisis.Although the risk can not be eliminated completely under the economic environment of epidemic situation,some measures of internal management improvement can effectively prevent the risk of working capital.Finally,in view of the reasons for the formation of the liquidity risk of new energy companies,this paper puts forward suggestions for further improving the financing ability of enterprises,determining the reasonable capital structure of equity and debt,making scientific investment and financing strategies,strengthening the control of capital and assets management,focusing on supervision of related traders and other liquidity risk management optimization suggestions,so as to effectively prevent the liquidity of enterprises Risk.