Research On Financial Risk Early Warning System Based On Cash Flo

As an important traditional energy industry,coal industry is an important part of China’s national economy.As a big coal country,the development of coal industry has entered the severe winter period in recent years.Since 2013,due to overcapacity,environmental pollution,national macro-control and other reasons,the problem of "low demand and high inventory" in China’s coal industry has become increasingly obvious.As a pillar industry of national economic growth,it has also had a great impact on China’s economy.In addition,the internal management problems of coal enterprises also emerge one after another: while the coal price falls,it cannot control the cost reasonably and effectively,and the cost squeezes profits and causes serious losses;As an industry with a long investment return cycle,a large number of arrears in receivables and payables,and problems in the capital chain;The management level of enterprise managers is poor,and blind decision-making leads to poor management of enterprises.In this context,it is particularly important for coal enterprises to timely and accurately identify financial risks and enhance their ability to deal with financial risks,to protect the interests of their stakeholders.Shanxi Province,as the first province in coal resource output,plays a key role in national fuel supply.The number of coals listed companies in Shanxi Province accounts for about a quarter of the number of coals listed companies in China.For the economic development of Shanxi Province,the sustainable,healthy,and stable development of coal industry plays a very important role.Therefore,this paper takes listed coal companies in Shanxi Province as the analysis object and uses the method of combining theory with cases to study the financial risk of coal industry.Firstly,this paper introduces the background and significance of the research.By summarizing the relevant research status at home and abroad,it lays a foundation for the topic selection direction and research content of this paper.Then some concepts and theories related to financial early warning used in this paper are explained and introduced,pointing out the advantages of financial risk early warning based on cash flow,laying a theoretical foundation for the whole article.Then,in this paper,the ten coal types of the financial status of listed companies in Shanxi Province and thus reflects the enterprise risk is analyzed,on the basis of this choice is based on cash flow of the financial indicators and non-financial indicators,using the analytic hierarchy process to construct the coal company financial risk early warning system based on cash flow,and based on the data of nine of the sample companies to determine the threshold.Finally,taking SJ Company as the case analysis object,the financial risk early-warning model of listed coal companies in Shanxi Province established above is applied to SJ Company in practice.According to the operation results of the early-warning system,the financial situation of SJ company is comprehensively analyzed,the police source is found,and the corresponding countermeasures are put forward.