Research On The Financial Risk Pre-Warning Of Wanda Cinema Line Co,Ltd

In recent years,the total box office revenue of the Chinese film market has experienced strong and steady growth.Strong infrastructure to support development.For example,a growing number of landmark shopping malls have emerged in the central business districts of first-tier and second-tier cities,while modern audio-visual facilities have become standard features in newly built cinemas to improve the overall movie-watching experience of the audience.In 2019,the scale of China’s film market reached about 82.3 billion yuan.One of them.The original market for cinema films accounted for 94.2 percent of the total.However,the current macroeconomic uncertainties continue to increase,and enterprises are facing more risks and challenges while ushering in more opportunities.As the focus of enterprise operation prevention,financial risk exists in all production and operation links of the enterprise.If it is not found in time and not warned and controlled in advance,it may lead to the rupture of enterprise capital chain and operation risk.Wanda film,as an enterprise that plays movies on the main camp line,needs to invest a lot of capital in the early stage,and there is high uncertainty in the later income,so there is a higher possibility of financial risk.Coupled with the sudden outbreak of the epidemic in early 2020,the film and television media industry has almost fallen into a state of paralysis,and a large number of film and television enterprises have closed down.Therefore,if the enterprise can predict the information that will lead to the risk of the enterprise in advance by using the financial risk early warning system,it can help the enterprise quickly and efficiently formulate the risk prevention measures to a certain extent,which will not only help the enterprise improve the ability of risk management,but also reduce the possibility of similar financial risks.By studying the research on financial early warning at home and abroad,focusing on the theme of financial risk early warning,this paper uses entropy method and efficiency coefficient method to analyze and standardize the financial data of Wanda Film Co.,Ltd.,and extracts the financial indicators in line with the film and television cinema industry from the four indicators of solvency,profitability,development ability and operation ability for calculation and analysis,And get the financial risk level of Wanda film enterprise.Through the detailed calculation of the relevant financial data of Wanda film enterprises,then make an empirical analysis of the data,study the calculation results,find out the financial risks existing in the production and operation of Wanda film,and put forward the corresponding risk prevention countermeasures,in order to establish the enterprise’s own financial risk early warning as soon as possible and reduce unnecessary losses.The research results show that Wanda film company is in an alarm state from 2018 to2020.The analysis of the annual report data disclosed by the company shows that the actual financial situation of the company is basically consistent with the early warning results,indicating that the financial early warning model is effective and applicable to the company.