A Research On QL’s Financial Risk Control Based On Cash Flow

At present,the development of Chinese enterprises is facing an important period of strategic transformation.At present,the economy is in a downward trend.Since the outbreak of the global COVID-19 epidemic at the beginning of 2020,many cities have pressed the "pause" button.The continuous impact of the normalized prevention and control of the epidemic in the past three years has made the external environment of many enterprises increasingly complex,and the uncertainty and complexity of financial risks of enterprises in their daily activities have become increasingly obvious.The financial risk of a company is the concentrated expression of the company’s operational risk.The level of the company’s financial risk will change due to changes in the external environment and the company’s strategy.It is a kind of microeconomics risk that will always appear in the company and can only be reduced but cannot be eliminated.Therefore,business managers should pay sufficient attention to financial risks.However,referring to the current research status at home and abroad,it can be seen that currently,research results on financial risk control of enterprises mostly focus on a certain industry,listed companies,or large enterprises.However,in terms of small and medium-sized enterprises in the mold manufacturing industry,there is even less involvement.Therefore,this article selects an industrial enterprise,QL Automobile Mold Manufacturing Company,to conduct research on it.This article analyzes the financial risk of QL Company from the perspective of cash flow.Firstly,it introduces relevant theories such as financial risk and financial risk control,as well as the relationship between cash flow and financial risk.Secondly,it briefly describes the basic situation of QL Company and the automotive mold industry.Financial data from the past five years from 2017 to 2021 are selected,and ratio analysis is used to analyze QL Company’s profitability,debt paying ability,operating ability An analysis was conducted on the financial status of the development capability,and then based on the perspective of cash flow,financing activities,investment activities,and operating activities were analyzed.The Z-score model and the F-score model considering cash flow were used to further test the degree of financial risk.Through analysis,it was found that QL Company has a high financial risk;Based on the company’s financial data and financial risk diagnosis results,the causes of financial risks in QL Company are analyzed,mainly including differences in net cash flow from operating activities,relatively single financing activities,financial risks in investment activities,as well as factors such as poor internal management and external environment,This article analyzes the financial risk of QL Company from the perspective of cash flow.Firstly,it introduces relevant theories such as financial risk and financial risk control,as well as the relationship between cash flow and financial risk.Secondly,it briefly describes the basic situation of QL Company and the automotive mold industry.Financial data from the past five years from 2017 to 2021 are selected,and ratio analysis is used to analyze QL Company’s profitability,debt paying ability,operating ability An analysis was conducted on the financial status of the development capability,and then based on the perspective of cash flow,financing activities,investment activities,and operating activities were analyzed.The Z-score model and the F-score model considering cash flow were used to further test the degree of financial risk.Through analysis,it was found that QL Company has a high financial risk;Based on the company’s financial data and financial risk diagnosis results,the causes of financial risks in QL Company are analyzed,mainly including differences in net cash flow from operating activities,relatively single financing activities,financial risks in investment activities,as well as factors such as poor internal management and external environment.