改革开放后，我国经济发展迈向了一个新时代，城镇化建设进程逐渐深入，人们生活水平也迈上了一个新台阶。随着居民收入的提高，居民对于住房需求变得愈发强烈，强大的需求使的我国房价一路上涨，房地长行业迎来了发展的春天。而为我省房产行业做出巨大贡献的房地产公司有很多，其中，贡献较为突出的是盛恒基地产。在很长一段时期内，盛恒基地产是我省房地长行业的龙头企业，其为我省房地产事业的发展做出了卓越贡献。虽然说盛恒基地产发展状况良好，但是这并不能够说明其自身不存在问题，我们应该用发展的眼光来看待问题，实际上盛恒基集团内部面临着严峻的财政问题，而盛恒基集团财政事务的改革也刻不容缓。从长远角度来看，人们对于住房需求不会一直高涨，而是会逐渐下降，而盛恒基集团对于房地产建设投入的成本却十分高，建造的房产规模较大，但目前的未售房屋数量却居高不小，这一系列问题迫使盛恒基集团承受着巨大的银行贷款压力。从目前状况来看，盛恒基集团从房屋建设到后续完全售出这段过程需要经历很长时间，其投入资金的收回也就需要很长一段时间。另外，盛恒基集团对于投入资金所做的保障工作不够全面，这又使得其面临的财政问题更加严重。面对如此严峻形势，盛恒基集团必须大刀阔斧的改革财政事务方面的工作，监督、整改治理两手抓，充分利用现有资源和相关有效措施减小其所所可能面临的财政危机。本论文从盛恒基集团财政现状出发，对其当前存在的诸多问题展开分析和总结，并结合专业知识，提出相应的改善对策。本论文将现有的国际资料以及财务管理知识为理论依据，全面分析了盛恒基集团的财务状况，并从中分析财务危机产生的根本原因，综合考虑各方影响因素，提出科学的改善建议，促进盛恒基集团能够健康持续的发展下去。
关键词：盛恒基地产集团；财务危机；风险探究；风险防范与控制
After the reform and opening up, China’s economic development has stepped into a new era, and the process of urbanization has gradually deepened, and people’s living standards have reached a new level. With the improvement of residents’ income, the demand for housing has become more and more intense, and the demand for housing has been rising all over the country, and the real estate industry has ushered in the development of spring. And for the province’s real estate industry has made tremendous contributions to the Real Estate Company there are many, of which the contribution is more prominent Sheng Henderson estate. In a very long period of time, Sheng Henderson property is the leading enterprise in our province’s real estate industry, which has made outstanding contributions to the development of our province’s real estate industry. Although Sheng Henderson real estate development in good condition, but it does not show itself is not a problem, we should look at the issue with a development perspective, in fact Sheng Henderson group internally facing severe financial problems, reform and Sheng Henderson group financial affairs is urgent. From a long-term point of view, people have been rising for housing demand will not, but will gradually decline, and Sheng Henderson group for the real estate investment cost is very high, the construction of large scale real estate, but the number of unsold homes is not high, this series of questions forced Sheng Henderson group under huge the pressure on bank loans. Judging from the current situation, Sheng Henderson group from the housing construction to the subsequent sale of this process will take a long time, the recovery of its investment will take a long time. In addition, the financial guarantee of the Henderson group is not comprehensive enough, which makes the financial problems faced by it more serious. In the face of this grim situation, Sheng Henderson group must make snap reform of fiscal affairs, supervision and rectification of governance with both hands, make full use of existing resources and effective measures to reduce the potential fiscal crisis. In this paper, starting from the present financial situation of Sheng Heng Group, it analyzes and summarizes the problems that exist in the present, and puts forward some countermeasures according to the professional knowledge. This paper will present the international information and knowledge of financial management theory, a comprehensive analysis of the Sheng Henderson group’s financial situation, and analyze the fundamental reasons of financial crisis in considering the influence of the parties, and put forward scientific suggestions for improvement, Henderson group can promote full health sustained development.
Key words：Henderson real estate group; financial crisis; risk research; risk prevention and control
目 录
摘 要………………………………………………………………………………………………………………. I
Abstract……………………………………………………………………………………………………………… II
一、 盛恒基地产有限公司简介……………………………………………………………………….. 1
二、 盛恒基地产有限公司财务风险防范的现状………………………………………………. 2
（一） 筹资风险现状分析………………………………………………………………………….. 2
- 筹资风险概况………………………………………………………………………………………… 2
- 负债规模……………………………………………………………………………………………….. 2
- 负债利息率……………………………………………………………………………………………. 2
- 负债期限结构………………………………………………………………………………………… 3
（二）投资风险现状分析……………………………………………………………………………. 3
1.投资风险概况………………………………………………………………………………………….. 3
2.投资活动风险分析…………………………………………………………………………………… 4
3.投资风险的特征………………………………………………………………………………………. 4
4.投资政策风险………………………………………………………………………………………….. 5
（三）营运资金风险现状分析…………………………………………………………………….. 6
1.存货变现风险…………………………………………………………………………………… 6
2.应收账款回收风险…………………………………………………………………………………… 6
（四）其他防范风险现状分析…………………………………………………………………….. 6
1.市场风险现状分析…………………………………………………………………………………… 6
2.汇率风险现状分析…………………………………………………………………………………… 7
3.收益分配风险现状分析……………………………………………………………………………. 7
三、盛恒基地产有限公司财务风险防范存在的问题……………………………………………. 8
（一）财务风险管理意识淡薄…………………………………………………………………….. 8
（二）财务风险管理职责不明确…………………………………………………………………. 8
（三）财务风险管理机制不健全…………………………………………………………………. 8
（四）财务风险评估方法不科学…………………………………………………………………. 9
（五）公司治理不完善……………………………………………………………………………….. 9
（六）财务管理水平不高……………………………………………………………………………. 9
四、盛恒基地产财务风险防范与控制的改进对策……………………………………………… 11
（一） 增强财务风险管理意识…………………………………………………………………. 11
（二）建立风险防范管理机构并明确职责分工………………………………………….. 12
（三）建立健全财务的风险管理机制………………………………………………………… 12
（四）提高财务部门的风险管理水平………………………………………………………… 13
（五）完善公司治理机制………………………………………………………………………….. 13
（六）执行新会计制度提高会计信息质量…………………………………………………. 14
结论…………………………………………………………………………………………………………………. 15
参考文献………………………………………………………………………………………………………….. 16
致 谢……………………………………………………………………………………………………………… 18
