Research On Financial Early Warning Of The Listed Companies In The Manufacturer Industry In China

Throughout the history of the development of world economy, world economy inthe past one hundred years, experiencing a wave-like advance of the course, includingthe smooth development of the economy, but also underestimate the period of theeconomy, such as: in1857the first global economic crisis,1929-1933of the capitalistworld economic crisis1973-1975oil crisis, Black Monday in1987, the1997Southeast Asian financial crisis, the2008U.S. subprime mortgage crisis. The damageof several times the global economic crisis on the world economy more hard than theany time in the past. In this macro context of domestic and foreign scholars began tostudy corporate financial early warning, and made important research in the field offinancial early warning. The process of China’s market economy is relativelydeveloped Western countries relatively more late, therefore, research in the field offinancial early warning started relatively later, Chinese scholars, however, the need forthe development of national economy, but also in the field has made strenuous effortsresearch, has achieved important results, and provides an important reference for ourenterprises to manage financial risk.China is a big manufacturing country, bears the burden of developing thenational economy and job placement. Manufacturing listed companies in China’smanufacturing industry with the leading nature of the enterprise, their financialsituation to a certain extent, reflect the development of China’s manufacturing sector,while a barometer of the role.This paper first introduces the research background of this subject at home andabroad, the significance of the financial early warning model of important researchresults in this research area at home and abroad; followed by the exposition of thetheory of financial risk early warning, including the concept of financial risk andcharacteristics of the concept of financial early warning function of the financialearly-warning model, domestic and foreign financial risk early warning model analysis methods and theories; again the selection of financial indicators and brushselected, the selected financial indicators of China’s manufacturing industry theimpact of the relatively large degree of financial indicators and financial indicatorsaccording to the selected data collection and calculation; Finally, according to dataobtained from a statistical analysis, mainly using factor analysis and obtained suitablefor my manufacturing listed the company’s financial early warning model. Historicaldata back to the sentence, and the resulting model to verify the accuracy of the model.According to the findings of this article, the end of the article, made a number ofrecommendations for the rationalization of listed manufacturing companies in Chinato manage financial risk.