本文關(guān)鍵詞： 財務風險 財務比率分析法 F1分數(shù)模型　出處：《沈陽農(nóng)業(yè)大學》2017年碩士論文　論文類型：學位論文

【摘要】：在國際競爭力日益漸強的壓力下,越是要實現(xiàn)發(fā)展計劃、增強國力,就越要重視農(nóng)業(yè)的發(fā)展。農(nóng)業(yè)上市公司作為我國農(nóng)業(yè)生產(chǎn)的主力軍,維持其良好的發(fā)展狀態(tài),是對所有農(nóng)業(yè)生產(chǎn)企業(yè)的鼓勵,也是促進社會進步、提高國民幸福度的堅定力量。在我國推動社會主義市場經(jīng)濟的政策下,農(nóng)業(yè)上市公司有了很大的自主發(fā)展空間。在追求擴大規(guī)模、實現(xiàn)公司價值最大化的趨勢下,一定會發(fā)生融資、投資、營運等相關(guān)的經(jīng)濟活動,隨之而來的不僅是預期可能獲得的收益,也產(chǎn)生了客觀存在的不可避免的財務風險。其程度的高低直接決定公司預期收益與實際收益的差距大小,影響公司今后的發(fā)展趨勢。中小板農(nóng)業(yè)上市公司的資金底蘊較少,技術(shù)與制度水平較低,其對財務風險的控制能力較弱。如果不能及時財務預警,采取有效的防范對策,財務風險將對公司的發(fā)展帶來很大的危機。因此,本文致力于以學者的研究成果為依據(jù),對中小板農(nóng)業(yè)上市中的云南云投生態(tài)環(huán)境科技股份有限公司進行財務風險分析。首先,通過財務報表主要數(shù)據(jù)和主要財務指標對公司的基本財務狀況進行分析與了解;其次,以其2011年至2015年的財務數(shù)據(jù)為基礎(chǔ),運用財務比率分析法與F1分數(shù)模型進行測度,得出單方面及全面的財務數(shù)據(jù)指標,將兩種方法所得的結(jié)果互補結(jié)合,分析該公司五年間的財務變動情況,探討其財務狀況存在的問題,并從公司的外部因素、內(nèi)部因素中找出導致問題形成原因;最后,從公司的內(nèi)、外部環(huán)境出發(fā),總結(jié)提出防范財務風險的有效對策。通過數(shù)據(jù)測度可知,云投生態(tài)總體財務狀況不穩(wěn)定,財務風險總體水平有上升趨勢。具體來說,公司的短期債務大,凈現(xiàn)金流量少;營業(yè)收入不穩(wěn)定,盈利持續(xù)性低;應收賬款與存貨周轉(zhuǎn)速度低;銷售增長能力差,發(fā)展能力波動大等。如果不提高資產(chǎn)流動性、降低負債壓力、增加獲利能力等,公司的財務風險就有增大趨勢。由此,本文建議公司做出完善產(chǎn)業(yè)結(jié)構(gòu)、優(yōu)化預警體系、降低負債壓力、提高營業(yè)收入等改善。
[Abstract]:Under the pressure of increasing international competitiveness, the more we want to realize the development plan and enhance our national strength, the more we must attach importance to the development of agriculture. As the main force of our country's agricultural production, agricultural listed companies maintain their good development state. It is an encouragement to all agricultural production enterprises and a firm force to promote social progress and enhance the happiness of the people. Under the policy of promoting the socialist market economy in our country, Agricultural listed companies have a lot of room for independent development. Under the trend of pursuing the expansion of scale and maximizing the value of the companies, there will definitely be related economic activities such as financing, investment, operation, etc. What follows is not only the expected income, but also the inevitable financial risk, which directly determines the gap between the expected income and the actual return. It will affect the development trend of the company in the future. The small and medium board agricultural listed companies have less capital information, lower technical and institutional level, and weak ability to control the financial risk. If they cannot timely financial early warning, they should take effective preventive measures. The financial risk will bring a great crisis to the development of the company. Therefore, based on the research results of the scholars, this paper analyzes the financial risk of Yunnan Yuntuo Ecological Environment Science and Technology Co., Ltd., which is listed on the small and medium board agriculture market. The basic financial situation of the company is analyzed and understood through the main data and main financial indicators of the financial statements. Secondly, based on the financial data from 2011 to 2015, the financial ratio analysis method and the F1 score model are used to measure the financial situation of the company. Get unilateral and comprehensive financial data indicators, combine the results of the two methods, analyze the financial changes of the company over the past five years, discuss the problems existing in its financial situation, and discuss the external factors of the company. Finally, from the internal and external environment of the company, summarized and put forward effective countermeasures to prevent financial risks. Through the data measurement, we can know that the overall financial situation of cloud investment ecosystem is unstable. The overall level of financial risk has an upward trend. Specifically, the company has large short-term debt, low net cash flow, unstable operating income, low profitability, low turnover rate of accounts receivable and inventory, poor sales growth capacity, If we do not increase the liquidity of assets, reduce the pressure on liabilities, increase profitability, etc, the financial risk of the company will increase. Therefore, this paper suggests that the company should improve the industrial structure and optimize the early warning system. Reduce debt pressure, improve operating income and so on.
【學位授予單位】：沈陽農(nóng)業(yè)大學
【學位級別】：碩士
【學位授予年份】：2017
【分類號】：F275;F832.39
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本文編號：1501014