Financial Risk And Prevention Measures Of N Cooperation

In recent years,China's small and medium-sized garment enterprises have achieved unprecedented development.A variety of small and medium-sized private garment enterprises are active in our daily life,which greatly enriches the diverse needs of people's daily growth.At the same time,large-scale clothing enterprises from domestic and abroad are competing in the Chinese market.Faced with the economic scale,leading technology strength and strong brand advantages of large companies,small and medium-sized private garment enterprises need to cope with the huge competitive impact.At the same time,The rising cost of raw materials such as upstream raw materials,the weak consumption caused by the downturn in the domestic economy,and the impact of emerging industries such as the Internet on traditional industries have undoubtedly exacerbated the financial risks of small and medium-sized apparel companies.N company is a down jacket manufacturer of Shandong province and it has more financial risk compared with others.Based on this,in addition to the continuous upgrading of design innovation,technological innovation and service experience improvement,small and medium-sized garment enterprises should pay more attention to financial risk management in the operation and management of enterprises,and ensure the long-term development of the company with a healthy financial system.This thesis studies and summarizes the current situation of financial risk research at home and abroad,and then chooses N Company as the research object.This thesis identifies the financial risk of the company according to its basic financial indicators from 2014 to 2017,basing on a comprehensive analysis of the industrial nature and financial characteristics of N company,it quantitatively analyzes the company's investment risk,inventory liquidation risk and receivables realizable risk.And analyze the main factors affecting the current financial risks of N company.Comprehensively select the data in the financial statements of N company,use the Z₃ model,FCF analysis method to measure and evaluate the financial risk of N company.Which all draw a conclusion that the financial risk of N company is extremely high so effective financial measures must be done to deal with it.This thesis proposes targeted five preventive measures,hoping to help N companies to properly prevent financial risks,reduce the losses caused by financial risks,and eventually achieve faster and better development of the company.