Research On Financial Risk In China A Stock Textile Industry Based On Finance Crisis

Financial risks,as a symbol of enterprise crisis,affect the ability of enterprise survival and development, especially in the financial crisis. Both in the Southeast Asian financial crisis of the last century (the "98" financial crisis) or the financial crisis of this century (the "08" Financial Crisis), a large number of enterprise instant bankruptcy case that: the context of the financial crisis, companies lose control of the financial risk, easily turned into financial crisis.In this paper, China's A share listed companies in the textile industry as the research object, analysis "98" Financial crisis and the "08" the context of the existing financial risk on the basis of China's A share listed companies. China A shares listed companies in textile industry by characteristics to explain the changes in the international market have a strong sensitivity.And then separately from the balance sheet, income statement and cash flow to start, analyzed and summarized in "98" Financial crisis and the "08" financial crisis the textile industry in China A share listed companies may co-exist in the financial risk factors, and used comprehensive evaluation method to evaluate the company's financial risk. Through analysis and evaluation, A shares listed on China's textile industry in the next two financial crises are varying degrees of cash tight, poor liquidity of the financial risk factors, and Poor solvency and profitability. In the financial crisis, If the textile industry in China A share listed companies want to develop safely, the solvency and profitability is the key.Through the company's financial risk analysis and evaluation, the author puts forward on six measures against enterprise financial risk. Such as strengthen the financing risk and investment risk control to improve the company's profitability; as establish customer credit control system and meet the company's ERP system to improve the situation of the company's liquidity;as reduce exchange rate risk to reduce the company because of the loss suffered by the international exchange rate changes in the financial risk;as enhance staff quality and capabilities; as establish a sound financial risk early warning system;as accelerate the pace of policy implementation of guard against financial risks.All these measures have important reference meanings for the company's main profit comes from exports...