A Study Of Financial Crisis Prediction Model Of Guangxi Manufacturing Listed Companies Based On EVA

As a bridgehead for the ASEAN, an important portal of OBAOR and the core of the Guangxi Beibu Gulf Economic Zone and Pearl River-Xijiang River economic belt,favorable policy and macroeconomic environment provides a rare opportunity for the development of manufacturing industry in Guangxi. As a typical after developing and less developed areas, catching up in science and technology level and economic strength,Guangxi must make full use of the dividend of policy and its location advantage.Manufacturing, which is the core of the industry plays a vital role in regional economic development. Since the October 12, 1993, LiuGong approved by the CSRC,until December 31, 2014, a total of 30 companies successfully listed in Guangxi. In the 30 listed companies, manufacturing enterprises have 22, accounting for 73.33%.Manufacturing is important for autonomous region economy. Manufacturing industry is the backbone in Guangxi Zhuang Autonomous Region, now Guangxi Zhuang Autonomous Region manufacturing listed companies suffer a bottleneck, so how to break away from the financial difficult position, and realize industrial upgrading, is a big problem that need to be solved of manufacturing listed companies and Guangxi Zhuang Autonomous Region government. So it is important for guarding and resolving the financial risks companies face that analyze Guangxi Zhuang Autonomous Region manufacturing listed companies financial performance, establish forewarning model according to practice of the Guangxi Zhuang Autonomous Region and make relevant suggestions.This paper is just based on above purposes, firstly, the paper gives analysis to the status of the Guangxi Zhuang Autonomous Region listed companies, an index system is built up in six sides: EVA, Growth ability, profit ability, profitability, debt paying ability,operation ability and quality of corporate governance based on their full understanding of information; the major reason for the Guangxi Zhuang Autonomous Region financial difficult problems is less competition. The combination of entropy weight and TOPSIS method, need to be used in establishing the financial crisis early warning model in terms of finances competitiveness. This paper validate this model. The financial crisis early warning model in terms of finances competitiveness based on EVA in this paper may be useful for predicting financial crisis early warning. Finally, from the perspective of both indicators and the very broadest financial risk control measures and proposals were presented based on the financial crisis early warning model. So the government and the enterprises should take advantage of their own strengths and make a contribution to get rid of financial distress.