| Pork occupies an important position in people’s consumption level.In recent years,with the promotion of intensive breeding technology,pig breeding enterprises have played an increasingly important role in ensuring pork supply and stabilizing pork prices.However,on the one hand,the price of live pigs will fluctuate due to the impact of natural conditions,changes in social demand,various swine fever epidemics and other emergencies;On the other hand,while the pig breeding enterprises are developing rapidly,they are also facing conventional challenges such as increasin g raw material costs and intensifying competition in the product market,as well as unconvention al challenges such as the 2020 COVID-19 epidemic.These uncertainties will not only affect the management decisions of these enterprises,but may also bring greater financial risks to the enter prises.Based on this,Muyuan Stock,a leading pig breeding enterprise,is taken as the an research object of this paper,the financial data of the enterprise from 2016 to 2020 is taken as the research sample,and a scientific evaluation of its financial risk is carried out.Firstly,on the first basis of defining the concept of financial risk and sorting out the relevant theories,it briefly analyzes the external environment and business situation of Muyuan Co.,Ltd.;Secondly,relevant a financial indicators are selected from four aspects,including financing,investment,operation method and development,and combined with ratio analysis and trend analysis method to effectively identify its financial risks.The results show that since 2018,Muyuan’s fundraising,investment operat and development capabilities have all been good,but its operational risks have major problems.In order to further scientifically and systematically evaluate the financial risk of Muyuan Stock sit.based on the above research,this paper selects 16 financial indicators and uses the perf entropy weight method for weighting,and combines the optimized efficacy a perfect coefficient method to construct a risk evaluation system to evaluate its financial risks.The results show that: except that in 2018,the risk of Muyuan Co.,Ltd.reached the status of medium police,the a remaining four years were in the status of light police,and the financial risk was relatively small in general;From the specific results,the financing channels are relatively simple;the scale of liabilities is relatively large,and the short-term solvency is insufficient;investment and growth risks will also generate volatility risks with the fluctuation of pork prices,and operational risks exist for a long time and the risks are relatively large.There are more or less hidden dangers in the mainly future financial risks of enterprises,which should attract the attention of managers.Finally,in the evaluation study of Muyuan Stock,it is proposed to optimize the financing method.Enhance asset liquidity;Scale expansion in an orderly manner and strengthen diversified invest;strengthen digital management and improve asset utilization efficiency;establish market price hedging mechanisms and improve financial early warning mechanism and other policy recommendations. |
