Research On Financial Risk Management Of Honglu Steel Structure Company

With the rapid development of our economy,various industries are developing and growing in the market competition.Under the strong support of relevant state departments,Chinese steel structure industry has entered a period of rapid development,and the industrial scale is constantly expanding.In the face of complex market environment and overcapacity of steel structure industry,price fluctuation of main steel raw materials,production and management of periodic imbalance and other problems,if the enterprise cannot effectively avoid various adverse factors,so as to achieve the expansion of the scale of the company and increase profits,it will bring many risks to the operation and development of the enterprise.Among the many risks faced by enterprises,financial risks have a great impact on business performance.Therefore,how to correctly assess the financial risk and effectively control it is of great significance for the sustainable development of the company.First of all,through the review of domestic and foreign financial risk related theoretical literature,including financial risk identification,evaluation methods,management strategies and capital structure,investment portfolio,risk management and other theories,to provide a theoretical basis for the analysis of Honglu steel structure company financial risk management.Secondly,using the financial index analysis method from financing,investment,operation,growth four aspects of Honglu steel structure company financial risk identification,found that its financing,investment risk is small,the operation,growth and development of the risk is larger.On the basis of the financial risk assessment of Honglu steel structure company,the analysis of its risk causes shows that Honglu Steel structure company is mainly affected by the national macro policy,market competition and other external environment,capital structure,strategic decision and other internal factors.Thirdly,the entropy weight method is used to calculate the weight of the financial risk indicators of Honglu steel structure company and many enterprises in the same industry,and the TOPSIS method is used to rank the risks,and the development trend in the past five years is analyzed.The conclusion is that the financial risk in the industry is ranked low,and the financial risk is relatively high,so we should pay more attention to the financing risk and growth risk.Finally,according to the industry characteristics and its own situation of Honglu steel structure company,this paper puts forward corresponding countermeasures on how to improve the operation and development of Honglu steel structure company.