Research On Financial Diagnosis Report Of Lanzhou Yellow River Co., Ltd

With the continuous integration of China's beer industry,domestic beer enterprises have formed an alliance with international beer multinational companies.Lanzhou Yellow River Co.,Ltd.,as a beer making enterprise in the northwest region,can not only face major financial risks in the face of fierce competition environment,but also continuously improve its business ability,improve its profitability,and find out the potential business risks of the enterprise as soon as possible It is very important and urgent to intervene the exposed risk in advance.According to the audit opinions of the annual report of Listed Companies in the 2018 Securities Audit Market Analysis Report,83 listed companies have been issued audit reports with major uncertainties related to continuous operation,and 82 listed companies have been issued audit reports with reservation opinions,which mainly include: impairment of assets;guarantee of related parties or occupation of funds,etc.,during the critical review.Among the accounting items,goodwill impairment is 1,075,accounting for 14.5%.From the audit opinions of listed companies,we can see that a large number of risks and financial matters leaked by listed companies,which shows that it is necessary to make timely financial analysis and diagnosis for listed companies.Under the guidance of relevant theories such as financial analysis diagnosis and risk early warning,this paper compares and analyzes the advantages and limitations of different financial analysis diagnosis methods,chooses Lanzhou Yellow River as the research object,and comprehensively evaluates the operation status of Lanzhou Yellow River by using financial index analysis and improved efficacy coefficient method.After an overview of the basic situation of Lanzhou Yellow River Co.,Ltd.,from four aspects of operation,profitability,debt paying,and development ability,four beer listed companies in the same industry are selected for horizontal comparison,problems are excavated,and corresponding countermeasures and suggestions are given.The financial risk early warning model of Lanzhou Yellow River is constructed,and the risk assessment index system is determined after the correlation analysis of the risk assessment index by SPSS software;the financial risk status of Lanzhou Yellow River is analyzed by using the improved efficacycoefficient method,and then the validity of the model is verified by the financial data of Lanzhou Yellow River in recent 5 years.According to the investment and financing,financing,operation and other links of Lanzhou Yellow River as well as the overall risk situation of the company,and in combination with the actual situation of the company,the corresponding operational improvement and risk prevention countermeasures are given.