Research On Financial Risk Evaluation And Control Of A Coal Company Under The Background Of Dual Carbon

In September 2020,Chairman Xi at the United Nations General Assembly proposed the dual carbon goal,which is to peak carbon dioxide emissions before 203 o and achieve carbon neutrality before 2060.In 2021,the National Development and Reform Commission issued the Plan for Improving the Dual Control of Energy Consumption Intensity and Total Amount" to help achieve the dual carbon goal,promote the comprehensive green transformation of economic and social development and achieve new progress in the construction of ecological civilization.With the dual carbon goal,on the one hand,fossil energy consumption is strictly controlled,on the other hand,the energy revolution is further advanced,and the clean and efficient use of coal energy is advocated,which challenges the development direction of the coal industry and forces coal companies to transform and upgrade to green and low-carbon.At the same time,the introduction of policies and regulations,technological upgrading and changes in the market environment affect the development of the coal industry from different angles,which increases the financial risks faced by coal companies.The continuous enhancement of financial risk is not conducive to the sustainable and stable development of the company.Therefore,coal companies must pay attention to financial risk.This paper takes A Coal Company as the research object,studies the financial risk of the company under the background of dual carbon goal,and puts forward control measures.Based on the theory of financial risk and the actual situation of A Coal Company,the financial risk is identified from four aspects: financing risk,investment risk,operation risk and other risks.Under the dual carbon goal background,the company has increased the difficulty and risk of financing;The amount of investment required for transformation and upgrading has increased,but there is a lack of financial support;The operating turnover capacity is weakened;The poor operating income and rising operating costs have compressed the company’s profits.In addition,the strict environmental protection policies and volatile coal prices have made A Coal Company face huge financial risks.Using the identified financial risk,select 18 financial indicators and non-financial indicators,use factor analysis method to reduce the dimension of the indicators,and obtain a comprehensive financial risk evaluation model.Further analysis is made based on the model results,and corresponding control measures are proposed.Through the analysis,it is found that the financial risk of A coal company is obviously affected under the dual carbon goal background.Company’s strategic goal of increasing production and income is contrary to the development of the market.The company has problems,such as a single way of raising funds,a decline in its ability to raise funds,a large amount of capital is consumed by the investment layout,huge capital pressure,a single and declining product quality,a low turnover of inventory and receivables,and a sharp decline in operating income,rising costs,poor profits,etc..In order to solve these problems,this paper puts forward some measures to control financial risk,such as integrating risk management into corporate strategy,making reasonable strategic objectives;using green bonds to improve capital structure and enhance corporate financing ability;pay attention to green transformation and upgrading,build intelligent mines and realize green mining,develop diversified development of multi-business;improve management,speed up the company’s operation turnover;sign price insurance contracts with customers to stabilize income,pay attention to internal control,ensure the safety of production,reduce energy consumption,save costs,and so on,expecting to improve the company’s financial situation,prevent financial risks,this paper provides some ideas for the financial risk control of other coal companies under the dual carbon goal background.