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  在当前复杂的社会经济形势驱动下，我国好多企业在发展过程中存在不同程度的风险，特别是资金链方面的管控工作面临巨大的威胁和挑战，一旦产生资金危机企业将陷入较大的困境，资金链管控在企业正常的生产经营活动中扮演着非常重要的角色，处理好相关工作有益于企业保持良好的运营状态，针对资金链风险的有关研究也显得十分有意义。近些年来，锂电行业发展势头强劲，同时对资金的需求量也很大，大量的资金耗用体现在建厂、研发、生产和销售等各个环节。但是，随着新能源补贴政策退出，以及供需不稳、材料价格波动较大、账期长且回款难等多个问题的显现，好多锂电企业的资金链存在风险且难以维持正常周转，甚至对其正常的生产经营活动也产生了非常严重的影响。因此，资金链风险管理问题已经成为锂电企业需要重视和解决的难题。

  天齐锂业在2018-2020年资金链一度出现危机，从锂电行业最闪耀的星星到深陷资金困境，天齐锂业的资金链究竟存在哪些风险？又该如何控制风险？这也是本文要研究和关注的焦点。因此，本文选取天齐锂业为案例企业，采用案例分析法并运用相关概念及理论，对天齐锂业的资金链风险做了较为深入的研究。首先，本文介绍了天齐锂业的基本概况。其次，借助Z和F计分法对天齐锂业的资金链风险从整体上进行预警，证实了该公司资金链确实存在过较大风险，接着分别对资金的筹集、使用和回笼这三个阶段所存在的风险进行识别与评估。在此基础上发现，天齐锂业的资金链风险成因主要有外因和内因两部分，外因主要是锂价格波动和国家政策调整，而其内因主要是筹资方式单一和投资决策不科学等。再次，本文根据天齐锂业资金链存在的风险以及成因，有针对性地从采取多种筹资方法、完善投资决策管理体制等方面提出了控制措施。最后，对本文的研究做出总结并对今后的研究提出展望。

    Driven by the current complex social and economic situation, many enterprises in our country have different degrees of risk in the development process, especially the management and control of the capital chain is facing huge threats and challenges. The capital chain management and control plays a very important role in the normal production and operation activities of an enterprise. Dealing with the relevant work is beneficial to the enterprise to maintain a good operating state. The relevant research on the capital chain risk is also very meaningful. In recent years, the development momentum of the lithium battery industry has been strong, and the demand for capital is also very large. However, with the withdrawal of the new energy subsidy policy, as well as the emergence of many problems such as unstable supply and demand, large fluctuations in material prices, long account periods and difficulty in collecting payments, many lithium battery companies have capital chains at risk and it is difficult to maintain normal turnover, and even It also has a very serious impact on its normal production and operation activities. Therefore, the problem of capital chain risk management has become a difficult problem that lithium battery companies need to pay attention to and solve.

    Tianqi Lithium Corporation had a crisis in its capital chain from 2018 to 2020. From the brightest star in the lithium battery industry to being in deep financial distress, what risks exist in Tianqi Lithium Corporation's capital chain? How to control risk? This is also the focus of this paper. Therefore, this paper selects Tianqi Lithium Corporation as a case enterprise, adopts the case analysis method and applies relevant concepts and theories to do a more in-depth study on the capital chain risk of Tianqi Lithium Corporation. First, this article presents a basic overview of Tianqi Lithium Corporation. Secondly, with the help of Z and F scoring methods, the overall risk of Tianqi Lithium Corporation 's capital chain was given an early warning, which confirmed that the company's capital chain had indeed had great risks. Identify and assess the risks that exist at the stage. On this basis, it is found that the capital chain risks of Tianqi Lithium Corporation are mainly caused by external factors and internal factors. The external factors are mainly lithium price fluctuations and national policies, while the internal factors are mainly single financing methods and unscientific investment decisions. Thirdly, according to the risks and causes of Tianqi Lithium Corporation's capital chain, this paper puts forward control measures from the aspects of adopting a variety of financing methods and improving the investment decision-making management system. Finally, the research of this paper is summarized and the prospect of future research is put forward.