Research On Financial Risk Identification And Control Of NEW HOPE Under The Combination Of Industry And Finance

In recent years,with the rapid development of China’s economy,enterprises have chosen diversified investments in order to maximize profits and diversify business risks.In order to break or ease financing constraints,many large-scale enterprises have begun to explore ways of integrating industry and finance,and obtain more financing and investment opportunities by investing in financial institutions,establishing financial companies and holding banks.This means that fluctuations in financial markets directly affect the company’s earnings,while also bringing greater financial risks to the company.This thesis takes New Hope Group,an early enterprise integrating industry and finance in China as the research object,and studies the development situation and motivation of New Hope Group’s integration of industry and finance based on the company’s annual financial affairs and related literature from 2010 to 2021;The financial status before and after the integration of industry and finance,combined with the specific situation of the enterprise,judge the overall risk trend of financial risks,and identify specific possible risk points;use the efficacy coefficient method under the entropy method to establish a financial evaluation system,and finally propose corresponding financial risk control measures.After research,it is found that New Hope Group is currently in the"innovative" development stage in the integration of industry and finance.The current possible financial risks include:among the operational risks,there is a situation where the profit of the main business is low;the debt repayment risk is mainly concentrated in the existence of short-term In the case of large scale of liabilities;among investment income risks,the enterprise has risks such as low securities investment income and large fluctuation in the income of derivative financial products in the "innovative finance" stage;in addition,the enterprise may also have internal transactions between related parties and group enterprises Financial risks such as mutual guarantees.Therefore,this thesis suggests that in the process of integrating industry and finance,enterprises should control the intensity of investment and not ignore the development of the main business;at the same time,they should control the scale of short-term debt repayment;when investing in innovative financial projects,they should establish an investment decision-making system;parties,and reduce related activities such as mutual guarantees within the group.