| For a long time,the real estate industry has shouldered the important missions of ensuring and improving the living conditions of residents,increasing government revenue,driving employment and the development of related industries.The high proportion of the real estate industry in GDP makes it irreplaceable for my country’s economy in the short term.However,in recent years,due to the "black swan" disturbance of the new crown pneumonia epidemic,it has faced the dilemma of economic downturn.At the same time,the "bubble" of the real estate industry has risen,bringing systemic financial risks to the country’s economic development.In order to maintain the stability of the national financial market and return the real estate market to a normal development track,local governments have successively introduced targeted control policies such as purchase restrictions,sales restrictions,and "three red lines".To a certain extent,these policies have caused housing companies to face problems such as lower housing sales,limited financing channels,and worrying credit conditions.What followed was the thunderstorm of individual head real estate companies,which caused a relatively extensive and bad social impact.Whether the real estate can run smoothly is related to the stability of China’s economy,finance,employment and finance.In this situation,researchers are especially aware of the urgency of controlling the financial risks of the real estate industry.Company K is a typical leading real estate company.It is one of the top 10 real estate companies in my country with a 100 billion level.In the past five years,its ranking in the Fortune Global 500 has reached new highs year by year,and it has a relatively leading internal control system in the industry.Faced with mounting financial pressures under severe policy trends,K Real Estate has undertaken an assetlight transformation and succeeded.However,in the context of tightening national policies and initial achievements in asset-light transformation,K Real Estate Company still faces some financial risks common to the industry.In this paper,we take Company K as the research object and conduct research on the basis of summarizing and commenting on some of the research results of domestic and foreign scholars.This article first introduces the corporate profile of Company K,and then conducts a qualitative analysis of Company K’s financial risks from four aspects:financing,investment,operation and cash flow,and analyzes the causes of the identified risks.Secondly,it introduces the company profile of K company,and conducts qualitative analysis of relevant financial risks from four aspects of financing,investment,operation and cash flow,and analyzes the causes of the identified risks.Thirdly,this paper uses the financial risk early warning Z model to measure the financial risk level of K real estate company through multivariate functions,and uses the more classic factor analysis method in risk evaluation to establish a risk evaluation model.Finally,this paper proposes countermeasures and suggestions for K company’s financial risk control from four aspects. |
