| In recent years,the construction industry has continued to develop rapidly,and the construction industry’s output value and profits have also maintained steady growth.However,in a complex and volatile market economy environment,construction companies still have to overcome many difficulties to make steady progress in the market economy,If construction companies can’t overcome many difficulties,they are likely to fall into financial difficulties.The main business of Xinjiang Urban Construction Co.,Ltd.is based on construction.Firstly,this paper briefly expounds the background of the construction industry and the theoretical and practical significance of the construction of the financial risk early warning system of Xinjiang Urban Construction Company,and collates and reviews the research status of various financial early warning models by scholars at home and abroad,and introduces the financial status.The concept of risk warning.Secondly,from the four perspectives of financing,investment,operation and income distribution,the horizontal and vertical comparison methods are used to analyze the financial risks of Xinjiang Urban Construction Company.It is found that Xinjiang Urban Construction Company has unreasonable capital structure and serious deterioration of solvency.The financial risks such as weak liquidity of inventory and poor turnover of accounts receivable were evaluated.The financial risk of Xinjiang Urban Construction Company was evaluated,and the financial risk of the company was analyzed from two aspects:the enterprise itself and external factors.Finally,it briefly expounds the advantages of the choice of common financial early warning model methods and cash flow indicators,and then selects the cash flow indicators from the aspects of debt repayment,payment,cash acquisition and development,to establish a financial warning suitable for Xinjiang Urban Construction Company.Integrated model.Using the established early warning comprehensive model to calculate the value of Xinjiang Urban Construction Company and the warning warning threshold of comparable enterprises,it is found that the weighted Z value of Xinjiang Urban Construction Company in 2015 and 2016 has reached the police alert,and then from the financing channel,Specific financial risk prevention measures are proposed in the aspects of inventory and accounts receivable management,cash flow management,risk management organization system and internal control. |