Research On Financial Risk Of Beingmate Company Based On Z-Score Model

In recent years,with the transformation of industrial structure,the popularity of "Internet+",the escalation of consumption and the gradual landing of the "new retail" model,the financial risks faced by Chinese business operators are becoming Increasingly challenging.Therefore,it is particularly important to conduct a deep analysis of the company's financial status,identify and control financial risks,and reduce corporate losses.Financial risk is the biggest risk affecting the healthy development of the company,and it is also a difficult problem for Chinese business operators.In the new era,there are new requirements corresponding to the new situation.Enterprise operators should take the initiative to adapt to the development of the times,strive to enhance their risk awareness and improve management level,improve their ability to control financial risks,and evade the company's business process.The risks and financial losses encountered in the company have enabled the company to achieve a healthy,stable and sustainable state.This paper firstly reviews the relevant literature review and analyzes the basic theories of financial risk control by domestic and foreign scholars,followed by the milk powder industry.The "Z-Score"model was used to analyze the financial status of each milk powder company,and then the specific research on the financial status and risk performance of Beingmate infant formula company was carried out.It was found that its operating performance declined year after year and suffered losses,the corporate governance structure was imperfect,and various internal management systems were not sound;The customer credit management receivable collection management is weak,and the risk of bad debt loss is relatively large;A large number of inventory backlogs and poor liquidity of assets,Next,combined with the current national policies,industry background characteristics and the development of the company itself,the main reasons for the financial risks are analyzed,and put forward some specific suggestions for dealing with financial risks.It is recommended that the company establish and improve the financial risk management department,reasonably determine the capital structure,optimize inventory management,and strengthen the collection of receivables,etc.The purpose is to improve the current financial risk management status of Beingmate Company,get rid of financial risks and delisting crisis,and these suggestions have certain reference significance for other milk powder enterprises.