Research On Financial Risk Control In The Asset-light Transformation Of D-Real Estate Companies

In recent years,due to the new economic policy and economic environment,the overall growth rate of China’s real estate industry has declined,and many companies have gone for asset-light transformation to avoid the inherent risks of financing and cash flow pressure under the traditional heavy asset model.However,it also faces new financial risks.This paper studies the financial risk control of D Real Estate Company’s asset-light transformation to provide feasible references for D Real Estate Company and other real estate enterprises that have carried out asset-light transformation to solve the financial risk control problems under the asset-light operation mode.Firstly,this paper analyzes the current situation of d real estate company’s asset light operation,identifies the risk from financing,investment,capital recovery and cash flow risk,and selects the financial risk evaluation index.Then,the financial risk evaluation system is established by using analytic hierarchy process and fuzzy evaluation method to evaluate the financial risk of d real estate company’s asset light transformation,and analyze the causes of the financial risk of d real estate company’s asset light transformation.Finally,it puts forward the financial risk control countermeasures under the asset light transformation of D company from three aspects:financing risk control,investment risk control and cash flow risk control.The main conclusions of this study are as follows:(1)the financial risk evaluation result of the asset-light transformation of D real estate company is "large risk",in which the financing,investment and cash flow risks are all at the level of large risk,and it is necessary to focus on strengthening the control of these three financial risks.(2)Put forward targeted financial risk control countermeasures:controlling financing risk by broadening financing channels and adjusting capital structure;Reduce investment risk by improving investment efficiency and optimizing internal control;Control cash flow risk by stabilizing cash flow and improving enterprise profitability.