Research On The Financial Risks Of Steel Enterprises Under The Background Of Carbon Neutrality Goal

In 2022,the sustained recovery of the national economy has provided a favorable environment for the development of the steel industry in China.At the same time,under the concept of sustainable development,achieving carbon neutrality and peaking carbon emissions have become important strategic directions for green economic development in the country.For the steel industry,it is necessary to actively address the challenges posed by imbalanced supply and demand,periodic losses,and long-term low profitability.Efforts must be made to dilute the impact of the continuous increase in raw material prices and the increased investment in environmental protection,with innovation as the driving force and green,low-carbon and intelligent manufacturing as the focus.This implies that there are mounting opportunities and challenges in the steel industry.An Yang Iron and Steel is one of the large-scale steel joint ventures in China,facing enormous challenges in the context of the nation’s strong demand for energy conservation and emissions reduction to achieve carbon neutrality.In this thesis,based on the background of carbon neutrality,the financial risks of An Yang Iron and Steel are studied,and the risks are identified from the perspectives of funding risks,investment risks,operating risks,and income distribution risks.Analysis is conducted from internal and external factors.Then,the effectiveness coefficient method model is introduced to select financial indicators from the perspectives of carbon debt repayment ability,carbon profitability,carbon operating ability,and carbon development ability to evaluate financial risks,quantify the degree of risk of An Yang Iron and Steel,and provide direction and foundation for financial risk prevention.Finally,specific measures are proposed to prevent financial risks of An Yang Iron and Steel.Through research and analysis,it is suggested that An Yang Iron and Steel should optimize its resource allocation,develop effective asset management and investment plans to guide reasonable product production,enhance inventory turnover,and realize seamless transfer and orderly flow of inventory throughout the upstream and downstream supply chains.Additionally,the company should explore ways to broaden financing channels,balance the proportion of debt financing and equity financing,and improve research and development quality to stay ahead of research and development trends and apply advanced technologies to achieve cost reduction.The research in this thesis is beneficial for An Yang to prevent and control financial risks.The financial risk identification and evaluation system constructed based on the carbon background can provide reference for similar enterprises.