Research On Financial Risk Management Of W New Energy Automobile Company From The Perspective Of Supply Chain

Since 2013,with the successive introduction of new energy vehicle subsidy policies,a large number of new energy vehicle enterprises have emerged in China.However,along with the intense competition in the domestic automobile market,many new energy vehicle enterprises are facing strong survival pressure and have generated certain financial risks.At this stage,due to the late start of new energy vehicle enterprises,there is still a large shortage of research on the financial risk management of new energy vehicle enterprises in China.More importantly,scholars at home and abroad seldom consider the financial risks transmitted upstream and downstream of the supply chain to the entire vehicle vehicle manufacturers,while the long supply chain of the automobile industry,with high integration and complex internal operations,the financial risks transmitted upstream and downstream of the supply chain to the enterprises cannot be ignored.Therefore,if the financial risk analysis is only based on the enterprise’s own financial activities,it will lead to an overly one-sided study of the financial risk of automotive enterprises,and it will not be possible to control the risk in an objective and comprehensive manner.In view of this,this paper conducts financial risk management of W New Energy Automobile Company from the perspective of the supply chain,divides the financial risk of the enterprise into the risk of internal financial activities and the financial risk transmitted by the external supply chain,and constructs a financial risk evaluation model of W Company based on supply chain considerations and containing non-financial indicators on the basis of risk identification.The conclusion is that Company W has a high level of financial risk from 2018 to 2020,with the risk level being "major alert","huge alert" and "medium alert" respectively,with 2019 being the year with the highest financial risk.At the same time,it is concluded that Company W’s external supply chain transmission financial risks from 2018 to 2020 are "medium alert","major alert" and "medium alert" respectively.The company needs to strengthen the management of its supply chain.Based on this,this paper further explores the causes of financial risks of Company W from two aspects,namely internal financial activities risks and external supply chain-transmitted financial risks,and proposes corresponding financial risk management measures.