Research On The Financial Risk Early Warning And Control Of Jiangsu Hengtong Machinery Manufacturing Company

With the rapid development of economy,China has entered the era of postindustrial development,machinery manufacturing enterprises and traditional industrial enterprises facing increasingly great pressure of market competition,which will lift the level of financial risk.In addition,the crisis has not been eliminated among the current worldwide financial environment and the backlog level of risk within the financial system remains high,thus machinery manufacturing enterprise financial risk increased sharply.We do the research on the financial risk early warning and control of Jiangsu Hengtong Machinery Manufacturing Company.Thesis introduces the status quo of financial risk early warning research at home and abroad.We sum up the usual financial risk warning methods and traditional efficacy coefficient method and Delphi method to evaluate,and from the management,finance,investment analysis of the three areas of Jiangsu Hengtong Machinery financial Situation manufacturing company,combined with the SASAC promulgated the "enterprise performance evaluation standards," build financial risk forecasting model index system and determine the weight of the index weight,using a modified Delphi method efficacy coefficient method and work together to build financial Hengtong Machinery risk early warning model,its 2010--2014 years of financial risk analysis.The results showed that the financial risk early warning Hengtong machinery in "the police" state,further analysis showed that,faced with the deterioration of the main Hengtong machinery sales,lower profitability,gross margin decreased,serious backlog ofinventory,debt maturity structure is irrational,and other financial and risk lack of innovative capacity,the brain drain,poor risk control ability to manage risk.Finally,according to the financial risk warning results from operating activities,financing activities,investment activities have put forward three strategies to strengthen risk control.The traditional paper efficacy coefficient method is improved,combined with financial risk early warning system of non-financial information to build more efficient for prediction and prevention of financial risks.For investors,to provide a yardstick for evaluating the performance of the company to help investors scientific investment decisions;for the enterprise itself,the management company can discover the potential advantages and disadvantages,will help strengthen internal control and improvement of management;for regulatory authorities,can take advantage of the company's financial information ahead of time to monitor for possible financial risks incentive to pay more attention to help government regulators to strengthen supervision in advance.