Ht Pharmaceutical Company's Financial Risk Early Warning Mechanism And Prevention Research

Pharmaceutical industry is an important industry related to people's livelihood.Affected by the constant adjustment of our country's policies on the pharmaceutical industry and the increasing improvement of people's living standards,the development trend of the pharmaceutical industry is also widely concerned.The increasingly fierce market competition in China's pharmaceutical industry,especially China's national policy,has played a role in promoting the development of the pharmaceutical industry,resulting in the formation of the pharmaceutical industry in China with high risk-return and high investment capital characteristics,so that the company will face increased risk factors,financial problems have been an indispensable part of the company's development process.With the increase of risks,financial risks will inevitably occur.In order to make the company develop smoothly,rapidly and healthily,how to avoid financial risks and how to effectively prevent and control financial risks when they occur,and how to establish an appropriate and efficient financial risk early warning mechanism according to the financial situation of pharmaceutical companies are the most realistic problems facing pharmaceutical companies.Firstly,this paper collects and summarizes the relevant information about financial risk early warning at home and abroad,and briefly understands several methods and models commonly used in establishing financial risk early warning mechanism.Through the comparative analysis of the advantages and disadvantages of these methods and the conditions of their use,it is concluded that the financial risk early warning mechanism in the pharmaceutical industry is more suitable to use the efficacy coefficient method to build it.Therefore,this paper decides to use efficiency coefficient method to establish financial risk early warning mechanism for HT Pharmaceutical Company.Through the analysis of the specific financial indicators of HT Pharmaceutical Company in the past three years and the internal and external operating environment it is facing,this paper finds out the current situation of the company's financial risks and puts forward the importance of establishing the early warning mechanism of financial risks.Then,representative financial indicators are selected from the four parts of profitability,operational ability,solvency and development ability to construct the financial indicators.According to the financial characteristics of the company,the early warning index system of financial risk is put forward.In view of the limitations of the traditional efficiency coefficient method,an improved efficiency coefficient method is used to construct a set of early warning mechanism of financial risk.The early warning analysis of financial risk of HT Pharmaceutical Company is carried out,and the analysis results are evaluated.It is found that the reason for the formation of financial risk of HT Pharmaceutical Company is profit.Reduced profitability,increased debt-servicing risk,single financing channel,excessive cost during the period,weakened liquidity and so on.Finally,according to the above early warning analysis results,this paper puts forward specific countermeasures to prevent financial risks of HT Pharmaceutical Company.