Research On Financial Risk Prevention Of Y Energy Company

As a national strategic goal,"dual carbon"goal leads a new round of energy revolution.In view of the advantages of new energy power generation and policy support,listed companies compete with each other and compete fiercely.In this environment of development opportunities and challenges,the importance of financial risk prevention of new energy power generation industry is more prominent.First,the industry is characterized by large initial investment and long recovery cycle.Compared with traditional enterprises,it faces more complex and changeable financial environment.Second,the decline of national electricity price subsidy policy and the arrival of parity era,the profit space of new energy enterprises is constantly squeezed;Third:the enterprise itself is faced with a lot of restructuring,project approval,industrial support and other strategic redistribution.Y Energy Company is the earliest company engaged in new energy power generation and new energy equipment business in Ningxia.It has certain advantages in industry,scale and talents in Ningxia,but its financial risk is relatively high.First,identify the risks.Starting from the financial data and non-financial information of Y Energy Company in recent 5 years,the paper marks the excellent,good,average,low and poor value of the industry,and uses financial statement analysis method to identify the financial risks of Y Energy Company in six aspects,including debt repayment,operation and cash flow.The results show that Y Energy Company has high financial risks in terms of profitability,development and innovation ability.Second,assess the risk.Twenty enterprises with new energy power generation income accounting for more than 30%were selected,and the principal component analysis method was used to evaluate the financial risk of Y Energy Company.The results show again that Y Energy Company has great financial risks,especially poor profitability and development ability.Finally,in view of the identified and analyzed problems,suggestions on financial risk prevention of Y Energy Company are put forward from the aspects of optimizing capital structure,enhancing innovation ability,improving profitability,etc.By adding innovation capability and installed capacity indicators closely related to the industry in which Y energy company is located,and introducing quantitative indicators and evaluation standards for Industry Performance Evaluation,it can identify and evaluate the financial risk of Y energy company in more dimensions.It is helpful for the stakeholders of Y energy company to have a more comprehensive and accurate understanding of its financial risk,so as to provide reference for other new energy power generation enterprises to guard against financial risk.