Design And Application Of Financial Risk Warning Model Of L Copper Company

Nonferrous metal manufacturing industry is an important basic industry in China.However,in recent years,the development of nonferrous metal manufacturing industry in China is slow,with overcapacity,rising upstream raw material prices,unreasonable product structure and other problems,leading to increasing financial risks in nonferrous metal manufacturing industry.L copper company is a non-ferrous metal smelting and rolling company.It mainly produces and sells high-efficiency heat exchange tubes and copper and copper alloy tubes.With the development of the new normal of national economy and industry,it still faces many financial risks.The practical significance of this paper is to find the potential financial risks and take effective measures through the research on the financial risk early warning model of L copper company.In theory,it complements the financial early warning model of China’s non-ferrous metal industry and provides domestic financial risk early warning research cases.This paper first describes and analyzes the current situation of financial early warning management of L copper company based on the financial early warning and research results,and finds that l copper company has some problems in financial early warning management,such as imperfect financial risk early warning system,imperfect financial early warning posts,and defective financial early warning methods.Combined with the industry environment of the company,this paper puts forward the financial risk pre-warning of the company The necessity of optimizing the police system.Secondly,in view of the shortcomings of the company’s financial early warning method,the entropy method and efficiency coefficient method are used to design the financial risk early warning model suitable for the company,the company’s 2015-2017 financial data are used for calculation and selection,the appropriate indicators are selected for the model design,and the 2018 data are substituted into the financial risk early warning model to test the effectiveness of the model.Finally,comparing the financial early warning results of 2018 with the actual results,the financial risk early warning model can effectively early warning the financial risks of the company.According to the early warning results,the following countermeasures are proposed: improve the financial risk management awareness of employees,enhance the risk awareness;set up financial risk early warning posts,improve the post settings;strengthen the accounts receivable management,and increase production types Establish and improve the financial risk early warning mechanism to effectively avoid risks.