Study On The Financial Early-Warning To Coal Mine Listed Companies

The goal of enterprise is divided into survival, development and profitability, survival is the primary objective.Enterprise management includes successful management and early-warning management; early-warning management is an important element of enterprise management. As financial indexes have the characteristics of forward-looking, integrated and evaluation, making financial early-warning is the most important window of early-warning. So making effective and practical financial early-warning research is indispensable in achieving the goal of enterprise.China's coal industry experienced a long and special course of development and had an independent industry and financial characteristics. As good development momentum in recent years, coal enterprises hope to become the listed organizations, there is an urgent need to enhance risk awareness of early-warning and make financial early-warning. However, due to profit-driven and other factors, many coal enterprises made huge investment in fixed assets and other economic activities which make the financial characteristics more prominent. Traditional financial early-warning made empirical study mainly through the listed companies of manufacturing, the applicability to coal enterprises is not strong.So the application of early-warning indexes and models should be considered when make financial early-warning study to China's coal industry listed companies.Then a highly targeted financial early-warning will be made and some more reasonable, objective and accurate early warning conclusions be drawed.Based on the research results in the field of financial early-warning, some financial early-warning theories are expounded. On the one hand, enrich the traditional financial early-warning indexes,on the other hand, set up some financial indexes which have characteristics of coal mine enterprises through the data analysis of China's coal enterprises in recent years. Finaly the financial early-warning indexes system of chaina's coal enterprises are built; Comparative analysis is made to the construction methods of traditional financial early-warning indexes and models on the application, advantages and disadvantages;the factor analysis method and the principal component analysis method are choosed. Through making the 11 financial early-warning indicators of China's 25 coal industry listed companies as the financial variables, mixed financial early-warning models of China's coal industry listed companies are established , and through examination. Finally the analysis model of warning source is built, this model are applyed to the warning source analysis of China's coal industry listed companies.Corresponding countermeasures are formulated which will be used to exclude the warning situation.