A Study On The Financial Risks In The Liquidation And Withdrawal Of Guangdong AB Company

At present,our country has a large number of state-owned enterprises into zombie enterprises,they not only restricts the healthy and orderly development of our economy,but also reduce the overall operating efficiency of the state-owned enterprise.In recent years,there are almost more than one thousand national enterprise bankruptcy,the fundamental reason is lack of financial risk control.Specially with the development of global economic integration,as enterprises are gaining economic resources,they are also facing fierce competition in the market under tremendous pressure.As uncertainty increases,enterprises are facing the risk of transactions in operational risks and financial risks also increase as a result.Therefore,in order to be in an invincible position in the competition and have a healthy and orderly development of enterprises,effectively avoiding,preventing and controlling the risk of enterprise development has become a pressing task.Establishing and improving financial risk early warning and control system is to prevent a powerful means of financial risk.An effective financial risk warning system can predict a sign of the financial crisis,and timely discovery led to the deterioration in the financial position,enabling operators to the crisis prior to the arrival of the prevention and control measures,the crisis will be nipped in the bud.Thus,early warning and control financial risks to the development of enterprises play a very important role.Judging from current situation,but the development in China’s financial risk warning and control is still imperfect and not for a specific performance of a complete theoretical system,in particular the research in the financial risk control has a lot of defects,the author further explores these issues in this paper.This paper,combining the specific circumstances in Guangdong Petrochemical Plant,is divided into six parts.The first part is the introduction and introduces the research background,significance and research content.The second part summarizes the enterprise’s financial risks and sets forth the relationship between financial risks and financial crisis,the source and cause of financial risk.The third part is the analysis of the case of Guangdong AB company,combined with its financial management status,putting forward the related problems,and analyzing the causes.The fourth part elaborated in the framework of Guangdong Province on repaying the zombie companies under the policy recommendations for improvement of the financial risk of Guangdong AB company.According to the aforesaid case analysis,it is put forward that the internal environment of financial risk management should be improved and the financial early warning system of enterprise should be constructed.It describes the early warning model established in this paper the financial risk early warning and control system,and the practical application,analyzes how Guangdong AB company use the application of financial early warning system to monitor the financial risk and financial crisis prediction,and based on the analysis of financial risk warning,further putting forward some specific measures to improve AB company in Guangdong.The fifth part puts forward the safeguard measures of the financial early warning system to ensure that the early warning system can be carried out smoothly.Finally,the paper summarizes and puts forward the deficiency of this paper.Based on the existing research theory,this paper takes the zombie enterprise Guangdong AB as an example and constructs the financial early warning system from the functional point of view.This construction method effectively monitors the financial risk of the zombie enterprise and predicts the financial crisis of the zombie enterprise.At the same time,the implementation process is more simple,workable,and conducive to operate in the enterprise.The results show that Guangdong AB is facing the financial risk that the asset-liability ratio is too high and the current liabilities rise faster,and the financial crisis warning is the police alert state,and the results of the internal and external crisis of the financial crisis are obtained.Based on this,the author puts forward the corresponding concrete measures,including:(1)adjusting the financing structure reasonably,expanding the financing channels;(2)activating the assets and reducing the production costs;(3)doing well the collection of accounts receivable and the follow-up implementation of security measures to help enterprises strengthen reform and management.It hopes that we can use the division of Plant Analysis of the specific case for reference,on the China’s zombie enterprises in the financial risk management,particularly on the financial risk of early warning and control.