Research On Financial Crisis Early Warning Of Huaren Pharmaceutical

The development of the medical industry is closely related to the development of the national economy.In recent years,the average annual growth rate of the pharmaceutical output value has always been in the forefront of China’s industry growth,and its proportion in China’s economic status has increased year by year,becoming one of the powerful drivers leading the growth of the national economy.As an important part of the medical industry and the focus of emerging industries,the pharmaceutical manufacturing industry has good prospects for development.However,the blind and rapid development of pharmaceutical manufacturing enterprises has led to problems such as high flow and low income,uneven quality of generic drugs,and high operating costs.In the context of the gradual implementation of the national price control policies for pharmaceuticals and related products,accurate financial crisis early warning is an effective way to help pharmaceutical manufacturing enterprises reduce insolvency,capital chain rupture and other situations,and prevent enterprises from falling into financial crisis.Based on the methods of literature research,case analysis,quantitative analysis,the financial crisis warning of Huaren Pharmaceutical was studied and analyzed.After analyzing the financial situation of Huaren Pharmaceutical,the F test was used to screen the financial early warning indicators,and the principal component analysis was used to reduce the dimension of the indicator data.A financial crisis early warning model suitable for Huaren Pharmaceutical was established based on the Logistic regression method.The best threshold of the model was selected in combination with the ROC curve,which further improved the accuracy of the financial crisis early warning model.Subsequently,the model will be applied to Huaren Pharmaceutical,analyze the indicators of Huaren Pharmaceutical,find out the reasons that may cause Huaren Pharmaceutical to fall into financial crisis,and put forward a series of financial crisis response measures combined with the actual situation of enterprises,including establishing multiple financing channels,enriching product categories,and establishing the advantages of the whole industry chain.Through this study,it is helpful to strengthen the practical application of financial crisis early warning theory,improve the financial crisis early warning management level of Huaren Pharmaceutical,find potential financial risks as early as possible,and take effective countermeasures,which has a certain practical reference significance for the financial crisis early warning research of pharmaceutical manufacturing enterprises.