Research On The Causes And Prevention Of Financial Risks Of Power Generation Equipment Manufacturing Enterprises Under The Background Of Supply-side Refor

In recent years,China’s economic growth began to jam on the brakes and entered the brand new stage.The potential problems and contradictions hindering China’s economic development have gradually become prominent,which are manifested in insufficient core competence,overcapacity and high inventory.Therefore,the state made a major conclusion that China’s economy should begin to shift.China’s structure,environment,supply-demand relationship and other factors began to undergo major changes.Supply side structural reform and high-quality development have become key words.Subsequently,the state further promoted the adjustment of energy structure and deepened the "de capacity" of coal and electricity,resulting in significant changes in the status and market situation of coal and electricity.As an important energy pillar of China’s economic development,the coal power industry has become the core task of implementing the supply side reform policy.As the upstream industry of coal and electricity,the implementation of supply side reform has a great linkage impact on the power generation equipment manufacturing industry.The market is tight,the project signing is difficult,the price war is fierce,the company’s payment collection is more difficult,and the capital chain is more and more tense.In this context,by analyzing the characteristics and current situation of the industry,identifying the sources of financial risks within the industry,and then specific to the case enterprises,it is very important to identify and strengthen the risks.This paper uses the method of case analysis to study the financial risk of H company.Firstly,it introduces the background and significance of the topic,combs the literature at home and abroad.Then,the related concepts are defined,and the risk points of power generation equipment manufacturing industry are analyzed.Further select the leading enterprise H company in the industry as an example for case analysis.Based on the financial statement,this paper makes a detailed study on the financing risk,investment risk,operation risk and profit decline risk of the company,looks for the risk causes and puts forward the corresponding control measures.