Research On Financial Risk Evaluation And Control Of JAC Corporation

The state clearly put forward the development of new energy vehicles and the related issues of green environment in the "14th Five-Year Plan",which forces the traditional automobile industry with high energy consumption and high carbon emission characteristics to transform and upgrade to new energy in the process of developing low-carbon economy.However,as an emerging industry,the development of new energy vehicles is not mature.In the face of adverse situations such as macroeconomic downturn,gradual tightening of favorable subsidy policies,and high R&D investment costs,financial risks are easy to occur in the transformation process,making enterprises fall into financial difficulties.Therefore,it is necessary to conduct in-depth research on the financial risk of the traditional automobile industry in the transition period,which can not only enrich the application of financial risk-related research in the field of automobile manufacturing in the transition period,it can also make the automobile enterprises develop healthily in the fierce competition.Based on the financial data of the five years from 2017 to 2021,horizontal and vertical comparisons are made by a number of indicators in the four dimensions of investment,financing,operation and growth to analyze the financial status quo of enterprises.Then select 20 indicators from four dimensions of investment,financing,operation and growth,and the entropy weight method,correlation test method and efficacy coefficient method were combined,to eliminate the remaining 15 indicators that provide significantly similar information,construct an evaluation system of financial risk indicators suitable for JAC Corporation’s own development,calculate the risk score and the corresponding risk level interval,evaluate the financial risk of JAC Corporation.Then,according to the actual situation of JAC Corporation,analyze the causes of the risk,mainly including weak cost control still blindly seize the market,lack of investment project risk management and analysis,single financing practices,unreasonable debt structure.Finally,the corresponding control measures were put forward.JAC Corporation wanted to control the financial risk effectively,it is necessary to strengthen the level of cost control and risk management of investment projects,to realize diversified financing,and to adjust the capital structure reasonably.This paper hopes that by studying the financial risk of JAC Corporation,it can help JAC Corporation to better manage and develop healthily,and provide valuable reference for similar companies in the same industry.