Research On Financial Early Warning Of Jingyuan Coal And Electricity Company In Cash Flow Perspective

The Central Economic Work Conference in 2015 proposed "to be productive" as an important task.In the problem of overcapacity,China's coal supply and demand situation is grim,serious overcapacity,restricting the transformation and development of China's economy.The coal industry is also affected by the macroeconomic impact of the typical cyclical industry,in the domestic and international economic downturn environment,the coal industry by the current stage of "production capacity",the supply side of the structural reform and other policies,China's energy structure clean,Low carbon trends and other ecological environment has also been restricting its development.Coal enterprises are faced with the challenges of eliminating backward production capacity,reducing the number of coal mines,defusing the coal industry overcapacity,balancing the market supply and demand,optimizing the industrial structure,transformation and upgrading and a series of challenges,the increasing risk of coal enterprises.If they are lack of risk prevention,financial crisis will follow.Financial early warning can be timely and effective prediction of financial crisis in order to take preventive and response measures to avoid further deterioration of risk,to minimize its adverse impact on the enterprise,promote business good and sustainable development.This paper analyzes the current situation and financial situation of the coal listed companies-Jingyuan Coal and Electricity Co.,Ltd.,as well as the current situation and the risk of the current corporate early warning,and according to the coal enterprises' The risk characteristics of the industry and its own financial characteristics,from the debt risk early warning,cash flow warning,asset management risk early warning,growth risk warning,coal industry characteristics risk early warning,income cost risk early warning and asset equity compensation risk warning and other seven aspects of cash flow As the basis,select the corresponding financial indicators,the use of analytic hierarchy process to determine the weight of the selected financial indicators,and Jingyuan Coal and Electricity Company management and related financial officers to issue a questionnaire to determine the degree of membership,through the use of fuzzy comprehensive evaluation method,Qualitative and quantitative indicators of organic integration,to build cash flow perspective Jingyuan coal financial early warning index evaluation system,and its use in Jingyuan Coal and Electricity Company,to test the status of its financial risk warning and determine the severity of police intelligence;On the one hand,the non-financial indicators into the financial early warning indicators Evaluation system,the construction of non-financial indicators early warning system,the use of management scoring method,the company's non-financial indicators foranalysis.Through the financial indicators and non-financial indicators of the comprehensive analysis of the comprehensive financial risk early warning,and the corresponding police and police measures to reduce corporate financial risk.