A Research On Financial Risk Early Warning Of Cash Flow In High And New Technology Growth Enterprise

With the development of economic globalization,The macro-economic growth of China is facing a severe test of three stages of superposition,the uncertainty of the market is increasing everyday and the risk of capital flows faced by enterprises is also increasing.The growth high and new technology enterprise is the main force of the development of national economy,it plays an important role in providing employment,activating market competition and promoting economic growth.However,as it is in the stage of rapid expansion and development,the main business is expanding and the scale of operation is increasing,all kinds of resources are full of tension,the financial risks of cash flow are more prominent compared with those in other life cycle stages.Because cash is a scarce resource,from cash input to the whole production process and scales until cash recovery,the adequacy and effectiveness will affect the survival during the business process of the growth high and new technology enterprise.Therefore,it is of great practical significance to carry out the research on the financial risk early warning of the cash flow in the growth enterprise.In this paper,a set of methods for early warning of financial risk is established on the basis of cash flow in the growth high and new technology enterprise in order to solve the existing problems of the current financial risk early warning method and the failure of financial early warning caused by the distortion of financial information.The specific research ideas of this paper are as follows:First of all,analyzing and summarizing the current situation of enterprise life cycle and financial risk early warning by foreign and domestic scholars,introducing the concept of enterprise life cycle,cash flow and financial early warning and expounding the importance of cash flow;Second,analyzing the early warning theory of financial risk in the period of growth,defining the growth high and new technology enterprise and expounding its characteristics,analyzing the cash flow and the causes of growth high and new thchnology enterprises,then expounding the necessity and feasibility of cash flow control in growth high and new technology enterprises;Third,identifying and designing the risk of cash flow in growth high and new technology enterprise.It is identified from the 3 risks of financing,investment and operation and designing the index of the profitability,cash ability,debt solvency and development capacity;At last,analyzing the financial early warning of cash flow with Taige pharmaceuticals company as a case,analyzing the cash flow structure and index of Taige pharmaceuticals company based on the existing financial risk early warning of Taige pharmaceuticals company,and then making risk prevention measures for the financial risk of Taige pharmaceuticals company cash flow.It is found that the risk early warning system for cash flow in a growth high and new technology enterprise helps the company predict the financial risks it faced.The financial risk early warning system constructed by appropriate cash flow helps growth high and new technogy enterprises discover the financial risks in time,strengthen the financial risk control and help growth high and new technology enterprises achieve sustainable development.