Research On Financial Risk Management Of Henan Zhongyuan Expressway Co.,Ltd.

In recent years,the state has continuously strengthened the promotion of expressway projects,making the expressway industry develop rapidly.But there are still some highway enterprises have not formed a sound,scientific,perfect financial risk management system,lack of risk management awareness.In this context,the paper takes Henan Zhongyuan Expressway Co.,Ltd.as the research object to carry out the financial risk management of expressway enterprises.Paper standing in the comprehensive risk management theory,the internal control theory Angle of view,the best capital structure theory,according to henan zhongyuan expressway co.,LTD.,the specific situation and problems of using dual triangulation of zhongyuan high-speed financial risk identification,analysis,fuzzy comprehensive evaluation method to evaluate zhongyuan high-speed financial risk.In terms of risk identification,the paper firstly establishes the risk factor set,calculates the risk weight,sets up the expert group to do the comparison and circle selection of risk factors,and finally identifies the specific risk of financing,investment and operation under the three financial activities,including the ratio of liabilities,liquidity ratio,property rights ratio,quick ratio under the financing risk;Investment risk includes cash paid for the purchase and construction of fixed assets and intangible assets and other long-term assets,cash paid for investment,cash received from investment income and cash received from investment recovery;Operating risk includes operating net profit rate,cost and expense profit rate,return on total assets and return on net assets.In terms of risk assessment,the paper chooses fuzzy comprehensive evaluation method to carry out risk assessment,and obtains the risk degree of financing risk,investment risk,operation risk and overall risk,that is,standing in the perspective of maximum membership degree,the Zhongyuan Expressway financing risk is mild risk,investment risk is mild risk,operation risk is mild risk,and overall risk is mild risk respectively.Subsequently,the countermeasures to the financial risks of Zhongyuan Expressway are designed to form financial risk management needs in line with Zhongyuan Expressway,and targeted and sound financing,investment and business risk control strategies.Specific for the central Plains high speed financing risk to improve the central Plains high speed solvency analysis system and for the financing decision to strengthen the debt scale control,optimize the debt structure,reduce the cost of capital countermeasures;In the face of investment risk,countermeasures should be formed to strengthen the management of investment decision in the early stage and construct the responsibility mechanism of enterprise decision risk.In the face of business risks,the formation of optimized income channels,strengthen accounts receivable management,improve the cost management system countermeasures.Highly integrated correlation theory in this paper,we study phase,and in the past for a particular industry to carry out the macro research based on the narrow Angle of view,since the actual enterprise as the breakthrough point,at the same time this paper innovation type dual triangle method and fuzzy comprehensive evaluation method combined application,to help improve zhongyuan high-speed financial risk management level will play a certain role,At the same time,the financial risk management of enterprises in the same industry can be used for reference.