Research On Financial Risk Evaluation Of New Energy Automobile Manufacturing Enterprises

Car is essential to daily travel and transport,and the demand is increasing.However,conventional cars will not only increase the demand of non-renewable energy,but also aggravate the environmental pollution caused by the exhaust gas from the fuel,statistics show that China’s carbon emissions are among the top two in the world,and the situation of carbon emission reduction and energy shortage in China urgently needs to be changed.Finance is the key to the survival of an enterprise.Financial analysis can not only see the competitive advantage of the enterprise itself,but also see the position of the enterprise in the same industry,which can make the enterprise more convenient to make financial plans,improve the financial situation,improve economic efficiency,and achieve sustainable development of the enterprise.In this paper,41 enterprises in the new energy automobile manufacturing industry are selected from CSMAR in 2020 as the research object,and 15 indicators are selected from the four aspects of debt paying ability,operating ability,profitability and development ability to establish the financial risk evaluation index system of the new energy automobile manufacturing enterprise.TOPSIS method and SOM neural network model are used to evaluate and cluster analysis the financial risks of 41 enterprises,on the basis of which,countermeasures and suggestions are put forward to improve the financial situation of enterprises.The results show that the 41 enterprises can be divided into six categories: enterprises with good operating ability and poor debt paying ability,enterprises with good debt paying ability and poor development ability,enterprises with good profitability and poor debt paying ability,enterprises with good debt paying ability and poor operation ability,enterprises with good development ability and poor profitability,enterprises with poor operating ability and poor debt paying ability.For enterprises with good operating ability and poor debt paying ability,for enterprises with good operating capacity and poor solvency,the three secondary indicators of quick ratio,current ratio and interest guarantee multiple are of low evaluation value.In future development,attention should be paid to the recovery speed of accounts receivable and the reduction of production cost to increase profits.Enterprises with good debt paying ability and poor development ability have low evaluation value of accounts receivable and inventory turnover,so they should avoid accumulation of automobile goods and pay attention to improving inventory management and turnover speed of automobile products.For enterprises with good profitability and poor debt paying ability,the evaluation value of two secondary indicators of liquidity ratio and quick ratio is low,so they should pay attention to the realization of prepaid accounts.For enterprises with good debt paying ability and poor operation ability,the evaluation value of the second index of accounts receivable turnover rate is low,so they should pay attention to improving the speed of accounts receivable recovery;For enterprises with good development ability and poor profitability,the evaluation value of primary and secondary indicators is in the middle and lower level in the new energy automobile manufacturing industry.In the future development,we should strengthen the awareness of financial risk prevention and improve the overall defense ability of enterprise financial risk;Enterprises with poor operating ability and poor debt paying ability are mostly at the lowest level of the new energy automobile manufacturing industry in the first and second indexes.In the future development process,more attention should be paid to the dynamics of the automobile market and the government’s new energy automobile support policies to adjust the business direction of the enterprise.