随着经济全球化进程快速发展，世界各国的经济联系日益密切，产业转移 和分工合作不断增强。我国“走出去”和“一带一路”政策的提出为我国企业 实行对外投资提供了政策支持。许多工程承包企业开始转变经营观念，调整发 展战略，开拓国际市场，促进了我国国际工程市场的迅猛发展。与国内工程项 目相比，国际工程项目普遍施工周期长、合同金额大、面临的环境更复杂、不 确定因素更多，尽管利润比较高，但面临的风险更大。加上近几年国内产能过 剩，工程市场竞争出现白热化状态，越来越多的企业开始转战国际工程市场， 导致国际工程市场呈现出了一些新的特点，例如竞争日趋激烈、低价投标、利 润率下降、垫资施工等，使国际工程项目面临的财务风险日益增大。因此针对 国际工程项目财务风险的研究迫在眉睫。 本文在查阅了相关文献和资料的前提下，对国际工程项目及财务风险的相 关理论进行了梳理，选取C公司在非洲赞比亚国际工程项目为研究对象，介绍 了C公司及赞比亚项目的基本情况和经营概况，运用统计分析等方法初步识别 出赞比亚项目面临的主要财务风险有汇率风险、坏账风险、成本风险以及税务 风险，并结合相关财务数据进行深入的剖析。然后从政治法律环境、经济环 境、社会环境和行业环境四个方面分析了形成财务风险的外部原因，从风险管 理方面和人员管理方面分析了形成财务风险的内部原因。最后提出了应对财务 风险的具体措施。 本文对C公司赞比亚项目应对财务风险具有借鉴意义，有助于赞比亚项目 加强对财务风险的认识和管理，并结合自身具体情况采取恰当的风险应对策 略，减少财务风险给企业带来的损失，提高市场竞争力，实现可持续发展。同 时为其他国际工程项目应对财务风险提供了一定的参考价值。 关键词：国际工程；赞比亚项目；财务风险；应对策略 II Abstract Withtherapiddevelopmentoftheprocessofeconomicglobalization,the economictiesbetweencountriesaroundtheworldareincreasinglycloselyconnected, andtheindustrialtransferanddivisionoflaborcooperationarecontinuously strengthened.China’s“GoingGlobal”and“BeltandRoad”policiesprovidepolicy supportforChineseenterprisestomakeoverseasinvestment.Manyproject contractingenterpriseshavebeguntochangethemanagementconcepts,adjustthe developmentstrategies,exploretheinternationalmarkets,whichhaspromotedthe rapiddevelopmentofChina’sinternationalengineeringmarketparedwith domesticengineeringprojects,internationalengineeringprojectsgenerallyhavea longconstructioncycle,largecontractamount,morecomplexenvironmentandmore uncertainfactors.Althoughtheprofitsarerelativelyhigh,therisksaregreater.In additiontotheovercapacityinthedomesticmarketinrecentyears,thecompetitionin theengineeringmarkethasbecomefierce,moreandmorecompaniesareturningto theinternationalengineeringmarket,leadingtotheinternationalengineeringmarket presentssomenewcharacteristics,suchastheincreasinglyfiercecompetition,the lowpricebidding,adeclineinmargins,matendowmentconstructionetc.,the financialriskoftheinternationalengineeringprojectsareincreasing.Therefore,itis urgenttostudythefinancialriskofinternationalengineeringprojects. Onthepremiseofconsultingrelevantliteratureandmaterials,thispapercombs therelevanttheoriesofinternationalengineeringprojectsandfinancialrisks,selects Ccompany’sinternationalprojectsinZambia,Africaastheresearchobject,and introducesthebasicsituationandbusinessconditionoftheCcompanyandZambia projects,usingstatisticalanalysisandothermethodstoinitiallyidentifythemain financialrisksfacedbytheZambianprojectsareexchangeraterisk,baddebtrisk, costriskandtaxrisk,andcombinedwithrelevantfinancialdataforin-depthanalysis. Thenitanalyzestheexternalcausesoffinancialrisksfromfouraspects:politicaland legalenvironment,economicenvironment,socialenvironmentandindustry environment,andanalyzestheinternalcausesoffinancialrisksfromtheaspectsof riskmanagementandpersonnelmanagement.Onthebasisoftheabove,specific III measurestodealwithfinancialrisksareputforward. ThispaperhasareferencesignificanceforCcompany’sZambiaprojecttodeal withfinancialrisks,whichishelpfulfortheZambiaprojecttostrengthenthe understandingandmanagementoffinancialrisks,andtoadoptappropriaterisk responsestrategiesaccordingtoitsownspecificsituations,soastoreducethelosses causedbyfinancialriskstotheenterprise,improvemarketcompetitivenessand achievesustainabledevelopment.Atthesametime,itprovidescertainreference valueforotherinternationalengineeringprojectstodealwithfinancialrisks. Keywords:internationalengineering;Zambiaproject;financialrisk;coping strategy IV 目录 第一章绪论.............................................................................................1 第一节研究背景与意义....................................................................................1 一研究背景....................................................................................................................1 二研究意义....................................................................................................................3 第二节国际工程项目及财务风险概述............................................................4 一国际工程项目的相关概述........................................................................................4 二国际工程项目财务风险的概述................................................................................5 第三节本文研究内容与研究框架....................................................................7 一研究内容....................................................................................................................7 二研究框架....................................................................................................................8 第四节本文研究方法和创新之处....................................................................9 一研究方法....................................................................................................................9 二创新之处....................................................................................................................9 第二章C公司及赞比亚项目概述........................................................10 第一节C公司基本情况介绍...........................................................................10 一C公司简介...............................................................................................................10 二C公司经营概况.......................................................................................................11 第二节赞比亚项目介绍..................................................................................12 一赞比亚简况..............................................................................................................12 二赞比亚项目概况......................................................................................................14 第三章C公司赞比亚项目主要财务风险识别与分析.......................16 第一节赞比亚项目汇率风险识别与分析......................................................16 一汇率风险识别..........................................................................................................16 二汇率风险分析..........................................................................................................17 第二节赞比亚项目坏账风险识别与分析......................................................19 一坏账风险识别..........................................................................................................19 二坏账风险分析..........................................................................................................20 V 第三节赞比亚项目成本风险识别与分析......................................................22 一成本风险识别..........................................................................................................22 二成本风险分析..........................................................................................................23 第四节赞比亚项目税务风险识别与分析......................................................25 一税务风险识别..........................................................................................................25 二税务风险分析..........................................................................................................26 第四章C公司赞比亚项目财务风险成因分析...................................28 第一节财务风险形成的外部原因.......................