Study On Financial Risks Of Coal Enterprise S Group In The Background Of Double Carbon

In the context of increasingly serious environmental problems and the upgrading of energy structure,China put forward the double carbon target in 2020,that is,to achieve carbon peak by 2030 and carbon neutral by 2060.The proposed double carbon target will limit the carbon emissions of coal enterprises,and even affect the production and sales of coal enterprises,and the development of coal enterprises may face greater financial risks.Therefore,in order to enhance the risk resistance of enterprises and promote sustainable development,this paper analyzes the new financial risks of coal enterprise S Group under the background of double carbon,and identifies,evaluates and responds to the financial risks of S Group under the macro environment changes.This paper selects coal enterprise S Group,which has a strong comprehensive strength in Shanxi Province,to study its corporate financial risk in the context of double carbon.Firstly,author introduces the background and content of the double carbon target,then clarifies the concept of financial risk involved in the analysis of this paper,then selectes the financial risk analysis method,and finally introduces the financial risk management method.In the case analysis process,the development situation of Group S are first analyzed,and the financial risk of Group S is analyzed from four aspects:financing risk,investment risk,operation risk and development risk based on the understanding of the development environment and enterprise situation.Among them,we analyze the current financial risks and possible future financial risks of Group S by comparing the financial data of Group S in the past five years under the background of double carbon and the relevant financial data of coal enterprises with similar volume.The fuzzy comprehensive evaluation method is then used to evaluate the financial risks of Group S under the background of double carbon,in which the index weights are constructed by hierarchical analysis method and the four main risk components are divided into seven specific components,and finally the main risk concentration components and the risk level of each component of Group S’s financial risks are obtained.Through the analysis,it can be seen that although S Group has strong overall strength and strong risk resistance,under the background of double carbon proposal,S Group will still be affected and generate higher financial risks,including the risks of large capital demand for transformation and development,difficulty in raising funds,single investment structure,poor asset management,declining profitability,and urgent need for investment in enterprise transformation and innovation,etc.,and among them,the financial risks are mainly concentrated in financing risk and development risk two aspects.In view of these problems and the specific development situation of Group S,this paper proposes some targeted measures to enable Group S to better cope with the financial risks under the double carbon.