Research On Financial Risk Analysis And Control Of SDSC Medical Devices Company Limited

With more and more fierce market competition,the financial risk of enterprises is also increasingly affecting the sustainable and healthy development of an enterprise.Enterprise’s internal financial management system,operating cost management,economic benefit increase point,external business activities,etc.,may lead to a series of risks that make enterprise development into a crisis.The financial risk of an enterprise will run through every link of the whole operation process.If the financial risk is effectively controlled,it can not only improve the market competitiveness of enterprises,but also enhance the ability of sustainable development of enterprises.On the contrary,if the financial risk of the enterprise is not paid attention to,or the financial risk analysis of the enterprise is wrong,it will seriously affect the development of the enterprise.For enterprises,if they want to ensure long-term healthy and sustainable development,they must improve the establishment of financial risk analysis,financial risk prevention and control,financial risk resolution and other mechanisms.In recent years,Chinese medical device manufacturing industry has developed rapidly,and the whole industry has gradually become the object of public concern.Therefore,the financial risk analysis and control of the entire medical device industry is of great importance to the steady progress of the industry.Constantly improve the sensitivity of financial risk occurrence,the scientific prevention of financial risk,the effectiveness of financial risk control,has gradually become one of the important problems urgently needed to be solved in the medical device manufacturing industry.This paper takes SDSC Medical Device Co.,Ltd.as the research object,analyzes the financial data of the enterprise in the five years from 2016 to 2020 by using comparative research method,and preliminarily identifies the financial risks of SDSC medical device company from four aspects:financing,investment,operation and growth.It is found that the financial risks of enterprises mainly exist in capital structure,financing methods and inventory management.In order to further obtain more intuitive financial evaluation results of enterprises,factor analysis method is introduced in this paper to further evaluate the financial risk of enterprises.By obtaining the financial statements and related data of 120listed companies in the medical device industry,a relatively scientific financial risk evaluation system is built.It is concluded that SDSC Medical Device Co.,Ltd.ranks 105among 120 listed companies,which indicates that the enterprise has more financial risk points.Finally,combined with the analysis of the financial risk,respectively from the financing risk,investment risk,operating risk and growth risk four aspects of the specific solutions,such as:improve the richness of financing,constantly optimize the fund structure,in order to help the company effectively reduce and control the financial risk.At the same time,I hope to provide some reference for the financial risk management of the industry.