Research On Credit Risk Evaluation Of Company A Under The Background Of Supply Chain Financing Model

Small and medium-sized enterprises（SMEs）are the cornerstone of China’s economic development and the most important force in the country’s economic growth,accounting for more than 90%of the country’s enterprises.Moreover,SMEs provide about 80%of the country’s jobs^[1]and are an important contribution to solving the problem of"difficult employment"in China.They also play an important role in promoting the sustainable development of China’s economy and the effective allocation of resources,as well as in promoting national technological innovation and enhancing national competitiveness.In recent years,the emergence of the supply chain financing model has attracted the attention of many enterprises,and the government and relevant financial institutions have attached considerable importance to it as it can effectively solve the problem of financing difficulties for SMEs.Moreover,supply chain financing relies on the stability of the entire supply chain,which can ensure stable repayment for SMEs,effectively solving the problem of capital constraints and business financing for SMEs,and effectively promoting the sound development of the entire supply chain.SMEs are major players in the economy,yet the failure of the financial market is now an obstacle to their expansion and growth.There is a general consensus that SMEs need the support of the government and financial institutions to develop.However,in practice,the problem of difficult financing,loans and capital turnover for SMEs has not been properly addressed.According to the People’s Bank of China,SMEs receive 16%of bank loans from financial institutions,and bank loans to support SMEs range from 30-40%.In addition,almost80%of SMEs are facing capital flow problems.Company A is a typical SME（with a business revenue of less than RMB 400 million）.As the scale of its operations continues to expand,Company A has started to choose to engage in supply chain financing.However,Company A lacks experience related to supply chain financing and may have supply chain financing default problems,thus losing supply chain financing.Therefore,a credit risk assessment of supply chain financing was conducted for Company A.After studying the credit risk of supply chain financing SMEs through targeted analysis of one enterprise,the analysis experience obtained can help other SMEs to identify their potential production and operation risk points,improve their management and credit risk,and to a certain extent help SMEs in their supply chain financing activities.