Study On Financial Risk Early Warning Of "Wuhan Post Company"

In recent years,with the rapid development of the economy,intensified market competition,the COVID-19 pandemic and China-US trade frictions,enterprises are faced with many difficulties and some financial risks.It plays an important role in the healthy,stable and sustainable development of enterprises to strengthen the ability of financial risk early warning.By sorting out the status of domestic and foreign research on enterprise financial risk early warning,comparing and analyzing the characteristics of the research at home and abroad,it is found that the foreign research focus on industry research,while the domestic research focus on listed companies;The financial risk early warning model established by foreign scholars has good applicability,while the financial risk early warning model established by domestic scholars has certain pertinence;Due to its low cost,simple operation and high accuracy,efficacy coefficient method has attracted wide attention from enterprises.However,there are few literatures on the combination of entropy method and efficiency coefficient method in non-listed state-owned enterprises,which provides a new research perspective for further research.This paper takes "Wuhan Post Company" as the research object,on the basis of studying the industrial characteristics of Wuhan Post Company and its own development characteristics,adopts the entropy method and efficacy coefficient method to establish a risk early warning index system that comprehensively reflects the financial and management status of Wuhan Post,and draws the following conclusions:(1)The financial risk warning status of Wuhan Post from 2017 to 2021 was medium risk;(2)Combined with the actual situation of Wuhan Post to analyze the financial indicators of the four capabilities,it was found that the main reasons for the financial risks of Wuhan Post were that the financial risk early warning system was unsound;The sustainable profitability needs to be strengthened,the cost was high,and the profit margin of the cost was low;The quality of assets and the turnover rate of accounts receivable need to be improved,the cash recovery rate of assets is low;The capital structure was unreasonable,the cash flow debt ratio was low,the short-term solvency was insufficient;The development ability was unstable,lack of profit growth point,and the growth rate of capital preservation was not high;(3)According to the causes of financial risks,countermeasures for financial risk early warning management of Wuhan Post are put forward from three aspects: Strengthening compliance culture,focusing on reinforcing weaknesses and strengthening foundation,and promoting management innovation,continuously promote the transformation of enterprise risk control,and continue to accelerate the construction of a comprehensive risk management system that is "comprehensive,whole process,and all employees".