Research On Financial Risk Identification And Control Of THFW’s Asset Restructuring

With the continuous promotion of China’s comprehensive deepening reform process,how to make enterprises achieve higher quality,better efficiency and better structure has gradually become an urgent problem that we need to solve.In 2020,The State Council issued Opinions on Further Improving the Quality of Listed Companies,pointing out that it is necessary to promote the healthy development of listed companies and encourage their M&A and restructuring.However,there are often many potential risks in the process of M&A and restructuring of listed companies,which may lead to the obstruction of enterprise reorganization or the interruption of company operation.Therefore,it is necessary to conduct comprehensive financial risk assessment and analysis on the asset reorganization of enterprises,so as to solve the relevant problems.As the first listed private military enterprise in China,THFW plays a leading and exemplary role in the industry.The research on its asset reorganization activities can provide certain reference for other similar enterprises.In this paper,the asset reorganization case of THFW is selected to study,and the possible financial risks in the reorganization process are analyzed,based on which the corresponding corrective measures are provided for the enterprise.First of all,the current research trends in the academic circle are reviewed,and related concepts are defined.Secondly,it analyzes the relevant companies in the case,introduces the background and scheme of asset reorganization,and points out the motivation of THFW asset reorganization.Thirdly,financial indicators are used to analyze the risks and causes of corporate asset restructuring in the three aspects of investment,financing and operation,and the Z-score and F-score models are used to evaluate the financial risks of asset restructuring.Finally,this paper concludes the following conclusions based on the relevant theories in the context of the case: First,the asset reorganization of THFW complies with the relevant national policies and the requirements of The Times,provides strong support for the company to seek transformation,and provides a new economic growth point.Second,the asset reorganization plan of THFW is reasonable,which effectively controls the possible financial risks.In the short term,the financial level of the enterprise has been greatly improved,and its operating condition has also been effectively improved.Third,there are still many problems in the asset reorganization process of THFW.In the short term,although it has little impact on the operation of the enterprise,only by dealing with these financial risks can the enterprise be steadily promoted in the subsequent operation.On the whole,this asset reorganization is relatively successful.For THFW,it not only makes up the loss,but also obtains good assets,which has certain reference significance for the reform of other enterprises in the region.