绿地集团财务风险与控制研究

摘要近几年，随着经济的快速发展，许多房地产公司的规模逐渐扩张，全国范围的房价也在攀升，于是，国家为了“房住不炒”的目标，先后出台了调控政策，再加上银行的贷款利率逐年上升，导致房地产公司的融资活动越来越困难，整个房地产行业都面临着较大的销售和资金压力，财务风险也进一步加大。因此，对房地产公司如何有效地控制财务风险进行研究尤为重要。本文选取了绿地集团为代表，对其财务风险进行了研究，分析了绿地集团近五年的财务状况，结合财务指标分析法和行业对比分析法围绕筹资风险、投资风险、营运风险以及现金流量风险来对其的财务风险进行识别和分析，发现财务风险有上升趋势，主要是筹资结构不合理、盈利能力下滑、应收账款回流慢、投资和筹资现金流风险大等综合因素导致的。针对其存在的财务风险问题，提出了优化融资结构、稳健投资策略、完善应收账款制度等控制性的措施，以便改善绿地集团的财务风险状况，从而为同行企业的发展提供参考价值。关键词：绿地集团：财务风险：风险识别：风险控制ABSTRACTIn recent years,with the rapid development of the economy,many real estate companieshave gradually expanded their scale,and the price of housing has been rising nationwide.Theentire real estate industry is facing greater pressure on sales and capital,and the financial riskshave increased further.Therefore,it is particularly important to study how real estate companiescan effectively control their financial risks.This paper selects Greenland Group as the representative to study its financial risks,analyses the financial situation of Greenland Group in the past five years,combines the financialindex analysis method and industry comparison analysis method to identify and analyse itsfinancial risks around financing risks,investment risks,operational risks and cash flow risks,andfinds that the financial risks have an increasing trend,mainly due to the combination of factorssuch as unreasonable financing structure,declining profitability,receivables The financial risksare mainly caused by a combination of factors such as unreasonable financing structure,declining profitability,slow recovery of accounts receivable,and high investment and financingcash flow risks.In response to its financial risk problems,control measures such as optimizingthe financing structure,sound investment strategies and improving the accounts receivablesystem were proposed in order to improve the financial risk profile of Greenland Group,therebyproviding reference value for the development of peer companies.Key words:Greenland Group Financial risk Risk identification Risk Management目录摘要.目录…III第1章绪论..…11.1研究背景1.2研究意义....…11.2.1理论意义..1.2.2实践意义...21.3文献综述.……21.3.1国外文献综述。。。.21.3.2国内文献综述31.3.3综述评价.….4第2章理论概述52.1财务风险概念..2.2财务风险控制的概念.·.52.3财务风险分析理论....52.3.1经营风险.52.3.2筹资风险.....62.3.3投资风险......6第3章绿地集团财务现状分析.·83.1绿地集团情况简介.83.2绿地集团财务现状.83.2.1偿债能力分析.83.2.2盈利能力分析..103.2.3资金营运分析..113.2.4现金流量分析….14第4章绿地集团财务风险分析...….164.1偿债能力较低，筹资风险加剧......164.1.1筹资渠道单一...164.1.2负债规模和结构不合理..…….174.2盈利能力下滑，投资风险加大.174.2.1盈利能力不足...….184.2.2缺少可行性政策分析..…….184.3资金营运管理不足184.3.1资金营运能力不足...…..184.3.2应收账款回收能力不足..…….194.4企业现金的流动风险高...194.4.1现金的流动风险.......194.4.2投资活动现金流量风险.20第5章绿地集团财务风险控制策略.··215.1优化企业融资结构...215.1.1拓宽融资渠道..........215.1.2优化融资结构.....215.2采取稳健的投资策略....225.2.1做好投资可行性分析..225.2.2合理规划多元化投资节奏225.3完善资金营运管理....225.3.1加强资金营运管理.........225.3.2加强投资项目可行性分析..235.4建立健全财务风险预警机制.....235.4.1建立健全财务风险预警机制.....235.4.2提高对政策调整以及市场变化的应变能力.......23第6章结论.……25参考文献....26IV