ABSTRACT

China’s“14th Five-Year Plan” to build a modern infrastructure system, to build a modern energy system, promote the energy revolution, the construction of clean low-carbon, safe and efficient energy system, improve energy supply security. As an important energy industry in China, the coal industry has long occupied the leading position of energy.However, the coal industry suffers from chronic problems such as overcapacity, uneven development level of coal mines and environmental pollution, and needs to accelerate the supply-side structural reform of the coal industry.The coal industry is not only under the pressure of reform to upgrade its own industry, but its development is also constrained by the upstream and downstream relationship and funding.According to the position of the coal industry in the industrial chain and the relationship between the coal industry and other industries, the price and profit of the coal industry are greatly affected by the international crude oil price, while the downstream demand, including the production of synthetic ammonia, cement production, pig iron production and thermal power generation, respectively represent the demand of the chemical industry, building materials, steel and electric power industry, as well as the influence factors of shipping costs.Moreover, the coal industry has the characteristics of post-cycle, and the sensitivity of economic cycle is lagging behind. The large amount of receivables and payables of enterprises is also the reason for the fragile capital chain of enterprises. In addition, macro policies and other factors will intensify the financial risk of enterprises. China Coal Energy as a large coal enterprise in China, from the previous years of financial statements data can be found that the net profit of the enterprise is not very ideal for a long time. Therefore, the enterprise financial risk identification, evaluation and prevention, effective risk management measures will avoid the enterprise into financial crisis. Based on this purpose, this paper tries to take China Coal Energy as the research object, uses the analytic hierarchy process to build the enterprise financial risk evaluation model, and puts forward risk prevention and control suggestions according to the analysis of the evaluation results.