| Due to the high homogeneity of products,the network security industry has high requirements for the cultivation of new markets and the upgrading of products,and the competition among enterprises is also more intense.H Company is a network security supplier focusing on the cyberspace security market and providing the government and enterprise users with the new generation of enterprise-level network security products and services.Its business performance mainly depends on technology research and development,product marketing and sales.Under the development mode of rapid expansion and high R&D investment,the company is prone to financial crisis if hidden financial risks cannot be discovered and controlled in time.Identifying,evaluating and controlling the financial risks of H company is conducive to its financial stability and long-term development.This paper firstly sorts out the research results of financial risk identification,risk evaluation,risk control and other aspects,defines the meaning of financial risk in this study,and summarizes the relevant basic theories.Secondly,based on the industry and current situation of the company,the financial indicators of the company from 2017 to2021 are analyzed vertically and compared with industry benchmark enterprises horizontally.The financial risks of H company are identified from four aspects of financing risk,investment risk,operation risk and development risk.It is found that H company with rapid expansion has great financial risks due to its single source of funds,insufficient profitability,high expenses,slow turnover speed of receivables and lack of financial risk management mechanism.Then,based on the actual situation of H company and the characteristics of the network security industry,the financial indicators are selected to construct the financial risk evaluation system.The entropy method is used to determine the index weight,and the efficiency coefficient method is used to calculate the financial risk evaluation coefficient,so as to determine the financial risk level of H Company from 2017 to 2021 and the risk status of each classification index.Finally,according to the results of risk evaluation,it puts forward suggestions to improve the efficiency of capital use,strengthen the equity management of subsidiaries,optimize the management of accounts receivable,and establish the financial risk evaluation system.We hope to help H Company prevent and control financial risks,and provide reference for other network security companies’ financial risk management. |
