Recent years, our governments focus on the development of the real estateindustry and made some regulation policies to guide investment of the real estateindustry which developed faster than other industries. Because above reasons,the financial risk of the real estate industry is higher than other industriesobviously. The financial warning model which used for other industries cannotsatisfy the need of the real estate industry. Because the characteristics ofthe real estate industry, we should build a new model.In this paper, I analyzed the current situation of the real estate listedcompanies and the reasons of the financial risk in order to find the factorswhich influence the financial risk of the real estate industry, and classifythose factors. The next step, using the SPSS software to analyze about80realestate listed companies under the financial warning theory and the principalcomponent analysis, and then building a new financial warning model for the realestate listed companies. At last using the realistic data to analyze how thereal estate companies apply this model to forecast the financial risk.After the research, this article discovered that the long-term solvencycan’t significantly affect the financial risk of the real estate companies.The factors that affected the financial risk of the real estate companiesincluded short-term solvency, profitability, growth capacity, cash flowcapacity, operating capacity. The financial warning model for the real estateindustry can achieve the correct rate of97.5%. |