Research On Credit Risk Identification And Control Of Aerospace Enterprises

Aerospace companies have always taken the responsibility of developing China’s aerospace technology and industry.Due to the uncertainty of the domestic and international environment in recent years,the tasks of scientific research and production have become increasingly heavy,and the political responsibility is unprecedented.The number of flight tests and batch deliveries reached the largest in history.Affected by low pricing,long development cycle,and mismatch between budget planning and development progress,model pre-research requires a lot of financial support,and scientific research generates a financial gap periodically.The market competition in the civil aerospace industry is more intense,and the industrial layout needs to be adjusted urgently.In order to ensure the smooth development of scientific research and production and various civil industry business activities,the demand for credit business has gradually increased.With the continuously expanding scale of aerospace companies’ internal and external credit business,the operational risks have shifted to financial risks,and losses have occurred due to loans.Therefore,it becomes particularly important to study the aerospace credit business’s risk identification and control management.Based on the literature review,this paper first illustrates the basic concepts of aerospace company credit business risk and risk management process.It describes features and risk types from the macro level.We provided a brief analysis of the credit business risks,including systematic risks such as policy risks,market risks,production risks,and unsystematic risks such as strategic risks,operational risks,and legal risks.Then,we take Aerospace WY Company as a case to identify credit business risks and analyze the causes of risks.On this basis,through the expert investigation method and the analytic hierarchy process,the relevant factors of the credit risk of Aerospace WY Company are quantitatively analyzed,and the main risk factors affecting the current credit business risk of Aerospace WY Company are identified by comparing the weights of each index.They are strategic decision risk,project feasibility risk,information risk,supervision and evaluation risk,and collaborative management risk.Finally,according to the important ranking situation,this paper provides specific suggestions on reducing and controlling risks of aerospace companies’ credit business from five aspects:improving strategic decision-making awareness,promoting inter-departmental synergy,strengthening information system optimization,establishing industry-financed linkage mechanism,and improving risk control evaluation system.