Research On Financing Risk Management Of Xiaopeng Automobile Company

As the global carbon emission problem has become one of highly controversial topic,more and more people are aware of the importance of environmental protection and the urgency to solve the issues of energy shortage.With this opportunity and the support from the Chinese government,many Chinese automobile enterprises have joined the party,and have achieved rapid development,which has quickly broken the pattern of the automobile industry,allowing Chinese automobile enterprises to show their talent on the global automobile stage,and it is even possible to make a corner overtaking.However,the development of an emerging industry not only requires a good macro environment but also needs sustained and strong capital as developing support.The automobile manufacturing industry is an industry with heavy investment in assets,especially the plant construction,R＆D expense,technological reform,intelligent investment,talent introduction and other aspects which all need a lot of capital investment.Therefore,the new energy automobile industry is facing to a huge financing demand.In the face of such a huge financing demand,as well as the not optimistic domestic and international financing environment,it is particularly necessary to carry out the research on the financing risk control of the new energy vehicle industry.The research object of this article,Xiaopeng Motors Company,which is a new energy intelligent automobile company integrating manufacturing and sales.By using the theory of financing risk and financing risk management,the article analyses the financing status of Xiaopeng Motors Company,the study found that the current problems in the financing management of Xiaopeng Automobile Company are as follow.First of all,the financing management system needs to be improved,which is reflected in the incomplete fundraising management process,and the issues in the management of money management.Secondly,the financing cost is too high.Thirdly,the continuous financing pressure is huge,which is reflected in the huge capital demand in the business model,the future industry financing environment is severe,and the corporate profit scenario is unclear.The main reasons that lead to the occurrence of the above problems are classified as follows.Firstly,the enterprise management team is established for a short time and the enterprise pay more attention to business but despise risk,which leads to a weak risk awareness in the company.Secondly,the enterprise has not established a sound financing risk management system,including the insufficiency of scientific fund-raising decision-making mechanism,a system of risk pre-warning and a flawless cash management system,the deficiency of the system is also an important reason for the emergence of financing risks.Thirdly,the corporate financing channel is too focused.Finally,the enterprise management due to overconfidence.At the same time,there is no perfect budget management as an auxiliary means,and there is no accurate prediction of the future development of the enterprise,which leads to the huge financing pressure of the enterprise in the future.According to the analysis of the current situation of Xiaopeng Automobile Company’s financing risk management and the reasons behind the excavation,combined with the modern financing risk management concept,from several sides,the corresponding financing risk management suggestions are raised.The first part of the suggestion is to start with strengthening the enterprise’s overall financing risk management awareness,and promote the overall financing risk management process with the enterprise’s risk culture awareness.The second part starts from perfecting enterprise financing risk management system,and proposes to establish scientific financing decision-making mechanism,financing risk early warning mechanism and perfect capital management system.The third part is to introduce diversified financing methods based on the actual business suggestions of enterprises,such as the use of bills payable,bond issuance,asset securitization and other means.The fourth part is based on the actual business development of the enterprise,and gives suggestions from the aspects of improving budget management,adjusting the business model,and improving the profitability of the enterprise.The study of the financing risk management of Xiaopeng Automobile Company can not only improve the ability of the enterprise itself to cope with the financing risk,but also provide a stable financial guarantee for the sustainable development of the enterprise.Furthermore,this study can also supply an effective reference for the research on the financing risk management of the same type of new energy vehicle enterprises in China.