Financial Risk Evaluation And Comparative Analysis On Liquor-making Listed Industry

In the 21st century, Chinese Liquor-making industry is developing rapidly, there are currently more than thirty wine companies in Shanghai and Shenzhen market, social and economic benefits brought by these wine companies in the entire food industry has played a pivotal role, while also contributed to the country’s economic growth to some extent. Financial risks objectively exist in every aspect of the wine business financial management, the current urgent problem is how to objectively evaluate the financial risks.In the present study, there is none of scholar take the whole liquor-making industry as the research object of the financial risk assessment reports, some are just for single varieties, such as separate studies single alcohol products such as wine, beer.Based on the literature review, data collection and data, the papersay that the current financial risks existing in the wine industry; Combining the financial risk management theory, from the financing risk, investment risk, capital recovery risk, income distribution risk four aspects to build the brewery industry listed company financial risk evaluation index system, selection of liquor-making industry listed companies as the research sample.This paper used the factor analysis, principal component analysis and other research methods, accord to the Angle of horizontal and vertical, two liquor-making industry listed company financial risk measurement analysis. From the horizontal comparative analysis it is concluded that:the beer industry financial risk is relatively low and relatively stable, liquor-making industry financial risk relative to moderate but industry financial risk differences, wine, fruit wine, wine industry financial risk is relatively high; The higher the score of comprehensive financial risk is smaller, among them, Zhujiang beer that ranked first have the smallest financial risk; In the financial risk, capital recovery risk proportion is the largest, followed by the investment risk, the third is financing risk, income distribution risk proportion is minimal. From the longitudinal comparison analysis: liquor-making enterprise financial risk is the lowest in 2013,2010 times, followed by 2011 and 2012, the last is 2014; And the comprehensive financial risk ranking and risk of capital recovery factor score ranking almost unanimously. The ST and non-ST liquor-making enterprise financial risk at the same time comparative analysis, it is concluded that:The ST listed company financial risk on the whole is greater than the non-ST listed companies, in ST listed company four wine-making industry, capital recovery risk is negative, far below the rank of zhujiang beer and guile longshan, and at the same time with the non-ST listed company in the very back of shanxi fenjiu close to further verify that capital recovery risk is the main factor affecting the company’s financial risk.Finally, according to the result of empirical analysis, put forward the following Suggestions:Enterprises should take measures to comprehensively strengthen the financial risk of each influence factor, including capital recovery risk, investment risk, financing risk and income distribution risk control; At the same time, according to the enterprise actual situation, the establishment of financial risk early warning system, so as to improve liquor-making enterprise financial risk management mechanism.