Research On Financial Risk Assessment And Control Of State Grid Shandong Electric Power Company

As an indispensable resource in people’s life,the development of electric power industry determines people’s living standard to a certain extent,so the development of electric power has always been the focus of the country and the government.As the power industry has been a monopoly industry in the past few decades,enjoying the national policy subsidies,the power enterprises have poor competitiveness,and the financial risk awareness is generally weak.In recent years,influenced by the reform of the power system,the competition in the industry has become more and more fierce.Only by knowing the financial risks it faces can an enterprise develop healthily and be in a dominant position in the fierce market competition.Therefore,it is very important to assess the financial risk of electric power enterprises.As a wholly-owned subsidiary of State Grid Shandong Electric Power Company of State Grid,this paper takes it as a case study object,and conducts the analysis,evaluation and control research of financial risk on the basis of the relevant enterprise financial risk evaluation and prevention research status and related theories.The financial risk of Shandong Electric Power Company is identified based on the ratio of the three statements of balance sheet,income statement and cash flow statement from 2017 to 2021,as well as the four indicators of profit,operation,debt repayment and development ability.Later,the F-score model and the Z-value model were used to jointly evaluate the bankruptcy risk,and the short-term and long-term development abilities of enterprises were calculated based on different perspectives.Second,using the method of combining quantitative and qualitative evaluation of financial risk,mainly from four aspects,namely the financing risk,investment risk,operational risk and growth risk,selected the Shandong electric power company financial risk factors of 14 reference indicators,combined with hierarchical analysis to establish multi-level evaluation model,and on the basis of efficacy coefficient method of enterprise.This paper analyzes the existing and potential financial risks of Shandong Electric Power Company,analyzes the internal and external causes of financial risks,and makes corresponding solution measures,which is conducive to improving the development efficiency of electric power enterprises.It hopes to provide certain reference value for the development of enterprises,promote the better survival and development of Shandong Electric Power Company,and also has certain reference value for other listed new energy enterprises in China.