| The real estate industry is trapped in its own business model,and under the influence of national macro-control policies,its development has been slow or even stagnant in recent years.A large number of real estate companies have been forced to restructure due to their inability to repay their due debts,and the entire industry is currently undergoing changes.The financial risks arising from all aspects of their own operations have had a negative impact on the operation of the social economy.Therefore,the identification,evaluation and response of financial risks of real estate enterprises has become the focus of current research.Company F is a private real estate company listed in Hong Kong stock market.Its overall scale ranks around 30 in China.It faces corresponding financial risks in terms of fundraising,investment,operation and management.With multiple debt maturities,Company F faced higher financial leverage and tighter funding difficulties.In this context,the identification and evaluation of financial risks for Company F will help it get out of the current predicament,and also provide reference for other real estate companies to identify and evaluate financial risks.In this paper,the method of literature research,quantitative analysis and qualitative analysis and case analysis method are used.Firstly,the background and significance of the study are introduced in the introduction part,and the research literature at home and abroad is sorted out and reviewed,and the research ideas and research methods of this paper are put forward;secondly,the relevant concepts and theoretical foundations involved in this paper are expounded;Company F’s 2017-2021 related financial data and actual operating conditions,based on financial analysis to further identify five dimensions of financial risk: financing risk,investment risk,operational risk,income distribution risk and management risk,and then analyze the reasons;Then,on the basis of risk identification,the financial index system of risk evaluation is constructed.In this paper,the comprehensive weight of each index is determined by the analytic hierarchy process and the entropy weight method,and then the overall evaluation of the financial risk of company F is carried out..Finally,based on the evaluation results,it is proposed to expand financing channels to prevent financing risks;adopt a more stable method of capital utilization,fully consider the relationship between capital utilization and project income,and refuse to blindly purchase land and disorderly expand to prevent investment risks;formulate reasonable Effective account recovery programs to prevent operational risks.The main contribution of this paper is to identify the financial risk of F real estate company through the comprehensive financial analysis method,and then use the analytic hierarchy process and the entropy weight method to determine the comprehensive weight,and then build a financial risk evaluation system for real estate enterprises,in order to add help to the prevention of financial risks in the real estate industry. |
