青海大学硕士学位论文
摘要
摘要
持续的现金流是一家公司能够正常运营的有力保障，也是企业获取利润的基
础。为了获取资金，企业一般会选择通过融资来实现。融资活动给企业创造营收
的同时，也会带来融资风险。
通过对盐湖股份融资现状的分析，认为该公司存在的融资渠道不合理、产业
结构有待调整、内源融资能力不足以及战略决策机制亟待完善等问题是引发融资
风险的原因。运用功效系数法对盐湖股份面临的融资风险进行综合评估，结果发
现：盐湖股份2017年、2018年及2019年连续三年融资风险水平处于巨警状态，
面临着较高的融资风险。为了让企业在融资过程中提前做好融资风险的防范工
作，根据盐湖股份的融资现状以及融资风险水平评估结果，提出了盐湖股份加强
融资风险防范的措施，主要包括：促进融资渠道多元化；建立融资风险预警机制；
优化资本结构、控制融资规模；提高科学管理水平；调整产业结构、提升企业竞
争力等。论文在通过对盐湖股份融资风险防范研究，进而优化企业融资风险防控
措施，促进盐湖股份乃至类似的化工企业的健康发展。
关键词：盐湖股份，融资风险，风险防范
I

青海大学硕士学位论文
Abstract
Abstract
Continuous cash flow is a powerful guarantee for a company to operate normally,
and it is also the basis for an enterprise to obtain profits. In order to obtain funds,
enterprises generally choose to achieve through financing. Financing activities not
only create revenue for enterprises, but also bring financing risks.
Through the analysis of the current situation of Salt Lake's share financing, it is
considered that the unreasonable financing channels, the industrial structure to be
adjusted, the lack of endogenous financing capacity and the strategic decision-making
mechanism to be improved are the causes of financing risks. Using the efficiency
coefficient method to comprehensively evaluate the financing risk faced by Salt Lake
shares, the results show that the financing risk level of Salt Lake shares in 2017, 2018
and 2019 for three consecutive years is in a state of great alarm, facing higher
financing risk. In order to prevent the financing risk in advance in the process of
financing, according to the financing status and the evaluation results of the financing
risk level of Salt Lake stock, this paper puts forward some measures to strengthen the
financing risk prevention of Salt Lake stock, including: promoting the diversification
of financing channels; establishing the early warning mechanism of financing risk;
optimizing the capital structure and controlling the financing scale; improving the
scientific management level Adjust the industrial structure and enhance the
competitiveness of enterprises. In this paper, through the study of Salt Lake stock
financing risk prevention, and then optimize the enterprise financing risk prevention
and control measures, promote the healthy development of Salt Lake stock and similar
chemical enterprises.
Key words: Salt Lake,Stock financing,Risk prevention
II
。。。以下略