Research On The Financial Risk Of Zhongzhu Medical Based On The Capital Occupation Of Major Shareholders

In recent years,incidents of capital misappropriation by large shareholders have occurred frequently,which not only caused economic damage to listed companies and small and medium investors,but also seriously affected the healthy operation of the capital market.The financial risks brought about by major shareholder’s appropriation of funds may cause the company to fall into financial difficulties.For this reason,scholars from all walks of life and stakeholders in the company pay more and more attention to the event of major shareholder’s appropriation of funds.Therefore,it has become the key point of current research to analyze the financial risk problems faced by the company under the background of major shareholders’ capital occupation,and to propose solutions based on this,so as to ensure the long-term development of the company.Therefore,this paper takes Zhongzhu Medical Company as the research object,and mainly studies it from the following aspects:First of all,this article sorts out the specific ways in which the major shareholders of Zhongzhu Medical take up funds.Through the analysis,it can be seen that the major shareholders of Zhongzhu Medical mainly occupy the company’s funds through non-operating capital occupation,related transactions,and illegal related guarantees.After the major shareholder’s fund misappropriation incident was disclosed,the market reacted violently.The market value of Zhongzhu Medical dropped sharply,and the company’s daily business activities came to a standstill.The major shareholders of Zhongzhu Medical took funds to obtain private benefits,which seriously damaged the interests of small and medium shareholders.Secondly,this paper conducts a comprehensive study on the company’s financial status from four aspects: financing risk,investment risk,operating risk and income distribution risk,and analyzes the financial risk brought by the large shareholder’s capital occupation.By analyzing the change trend of Zhongzhu Medical’s financial indicators from 2012 to 2021 and comparing it with the industry average,it can be known that the major shareholder’s capital occupation has a significant negative impact on Zhongzhu Medical,and the company’s capabilities in all aspects are showing a trend of deterioration.Financial risks are increasing.Thirdly,this paper establishes a corresponding early warning process for the financial risk of Zhongzhu Medical that may be caused by the specific fund occupation behavior of major shareholders.Use the data to pre-identify the financial risks that may be caused by the link in which funds are occupied,and establish an early warning based on the identification,and propose countermeasures and preventive measures according to the specific situation of the early warning.The early warning process designed in this article firstly judges whether the key test indicators are abnormal by calculating the selected key test indicators of capital occupation by major shareholders of Zhongzhu Medical,that is,the ratio of non-operating funds to net value,the proportion of related guarantees,and the degree of separation of two rights,if there is an abnormal situation,the Z model will be used for early warning;secondly,when the key identification indicators are abnormal,the Z model will be used to calculate the financial risk degree of Zhongzhu Medical,and two companies that have not had major shareholder funds are selected.Benchmark companies in the same industry are compared horizontally with Zhongzhu Medical,so as to more accurately judge the scope of Zhongzhu Medical’s financial risk.Through the analysis,it is found that the early warning process constructed can timely discover the company’s potential financial crisis when the major shareholder of Zhongzhu Medical implements a specific fund occupation behavior,and help the relevant parties take effective measures to reduce or eliminate adverse effects and ensure the normal operation of the company.run.Finally,based on the above analysis,the conclusion of this paper is drawn and the outlook for the future is put forward,in order to establish a comprehensive protection network from all aspects to help Zhongzhu Medical Co.,Ltd.deal with the financial risks brought about by the specific fund occupation behavior of major shareholders and maintain the capital market Orderly and healthy development.