Research On Risk Identification And Control Of Tianqi Lithium Corporation’s Capital Chain

Driven by the current complex social and economic situation,many enterprises in our country have different degrees of risk in the development process,especially the management and control of the capital chain is facing huge threats and challenges.The capital chain management and control plays a very important role in the normal production and operation activities of an enterprise.Dealing with the relevant work is beneficial to the enterprise to maintain a good operating state.The relevant research on the capital chain risk is also very meaningful.In recent years,the development momentum of the lithium battery industry has been strong,and the demand for capital is also very large.However,with the withdrawal of the new energy subsidy policy,as well as the emergence of many problems such as unstable supply and demand,large fluctuations in material prices,long account periods and difficulty in collecting payments,many lithium battery companies have capital chains at risk and it is difficult to maintain normal turnover,and even It also has a very serious impact on its normal production and operation activities.Therefore,the problem of capital chain risk management has become a difficult problem that lithium battery companies need to pay attention to and solve.Tianqi Lithium Corporation had a crisis in its capital chain from2018 to 2020.From the brightest star in the lithium battery industry to being in deep financial distress,what risks exist in Tianqi Lithium Corporation’s capital chain? How to control risk? This is also the focus of this paper.Therefore,this paper selects Tianqi Lithium Corporation as a case enterprise,adopts the case analysis method and applies relevant concepts and theories to do a more in-depth study on the capital chain risk of Tianqi Lithium Corporation.First,this article presents a basic overview of Tianqi Lithium Corporation.Secondly,with the help of Z and F scoring methods,the overall risk of Tianqi Lithium Corporation ’s capital chain was given an early warning,which confirmed that the company’s capital chain had indeed had great risks.Identify and assess the risks that exist at the stage.On this basis,it is found that the capital chain risks of Tianqi Lithium Corporation are mainly caused by external factors and internal factors.The external factors are mainly lithium price fluctuations and national policies,while the internal factors are mainly single financing methods and unscientific investment decisions.Thirdly,according to the risks and causes of Tianqi Lithium Corporation’s capital chain,this paper puts forward control measures from the aspects of adopting a variety of financing methods and improving the investment decision-making management system.Finally,the research of this paper is summarized and the prospect of future research is put forward.