Light Asset Aquaculture Enterprises In The Context Of Sudden Public Health Emergencies Financial Risk Research

Agriculture,as the primary industry in China,plays a crucial role in the construction and development of the national economy.Many aquaculture enterprises are transitioning to a light asset operation model in order to adapt to the development of the social economy.This model utilizes low investment to obtain high returns by occupying high value-added links in the value chain.However,while recognizing its advantages,it is also important to recognize its risks.Due to the divestment of heavy assets,the proportion of fixed assets decreases,and the company’s risk resistance also decreases.In addition,due to the outsourcing of the breeding process,there is a lack of supervision,which poses many risks to the enterprise.Among them,the lack of capacity recovery ability and the low efficiency of cost control are the most obvious.In recent years,major public health emergencies have spread in multiple countries around the world,directly affecting the global economic and trade environment.Agriculture is a sensitive industry with a fragile industrial chain.Under the impact of this event,China’s agriculture suffered heavy losses,especially in the fields of grain cultivation,animal husbandry,and agricultural product processing.Due to agricultural delays,delayed resumption of work,and the closure of the agricultural product market,the supply of raw materials is tight,the industrial chain is hindered,the pressure on capital withdrawal increases,and market demand sharply decreases.As a result,the market supply and demand of breeding enterprises continue to experience intense fluctuations,exacerbating the tight cash flow situation of enterprises,and causing difficulties in their production and operation activities.In this context,the performance of aquaculture enterprises mainly operating under the light asset model has declined,while the performance of aquaculture enterprises mainly operating under the heavy asset model has increased.This article explores the internal and external environmental risk factors of light asset aquaculture enterprises,and compares and analyzes the performance of two different asset operation models through financial data,proposing how light asset aquaculture enterprises should respond to the impact of sudden public health events on financial risks.Based on a comprehensive review of domestic and foreign literature,this article first clarifies the definitions of light assets,light asset operation models,and financial risk management.Based on value chain theory and smile curve theory,this study explores the transmission mechanism of financial risks in light asset aquaculture enterprises,and analyzes the impact of internal and external environments on financial risks of light asset aquaculture enterprises under sudden public health events.Secondly,taking Wen’s shares as an example,identify the financial risks and their causes of the company’s sudden public health events,and compare and analyze them with Muyuan shares,which operated under a heavy asset model during the same period.Once again,the Z-Score model is used to summarize the risk characteristics and evaluate the magnitude of the risk,in order to verify the rationality of financial risk identification and scientifically evaluate financial risks.Finally,from the perspectives of fundraising,investment,and operation,financial risk control measures such as actively striving for internal and external financing,orderly scale expansion,and strengthening digital management are proposed for Wen’s shares.