Research On Financial Risk Management Of CH Chemical Compan

In recent years,with the continuous development of China’s economy,the heat of new energy-related industries has remained high,and the phosphorus chemical industry as its upstream has also developed rapidly.The phosphorus chemical industry has ushered in a rare golden development period.At the same time,phosphorus chemical enterprises have also obtained rapid development opportunities.Many phosphorus chemical enterprises take this opportunity to invest heavily,and the competition among enterprises is also becoming more intense,and the financial risks faced in the process will continue to intensify.This paper takes CH Chemical Company as an example,based on the relevant theories of financial risk management,combined with the operation and financial situation of CH Chemical Company,this paper identifies the risks in investment,financing,operation and development of CH Chemical Company.Secondly,19 financial indicators are initially selected according to the characteristics of the industry,and screened through the combination of entropy method and Pearson correlation coefficient method.After removing 3 indicators with strong correlation and low weight,the financial risk evaluation model is constructed with the remaining13 indicators.Recalculate the weight with entropy method,calculate the comprehensive financial risk evaluation index of CH Chemical Company in2017-2021 with efficiency coefficient method as 0.76,0.54,0.75,0.78 and 0.74,and the corresponding risk levels are small risk,general risk,small risk,small risk and small risk,and analyze the risk causes according to the evaluation results.Finally,based on the financial risk assessment results of CH Chemical Company,it is proposed to clarify the strategic planning to prevent blind expansion,establish a scientific investment system,strengthen the management of settlement methods in business activities,reasonably determine the financing scale to avoid excessive financing,reasonably plan the financing structure,improve the planning ability of raising funds,actively prevent the guarantee risk of participating companies,do a good job of dynamic management of inventory,do a good job of credit policy management,and improve the internal control system Improve the stability of sales profit,strengthen the endogenous power of development,pay more attention to the quality of asset growth and other specific control measures.The research results of this paper help to improve the financial risk management ability of CH Chemical Company,and provide some reference for the construction of the financial risk evaluation system of the phosphorus chemical industry.