本文關(guān)鍵詞： 財(cái)務(wù)風(fēng)險(xiǎn) 財(cái)務(wù)比率分析法 F1分?jǐn)?shù)模型　出處：《沈陽(yáng)農(nóng)業(yè)大學(xué)》2017年碩士論文　論文類型：學(xué)位論文

【摘要】：在國(guó)際競(jìng)爭(zhēng)力日益漸強(qiáng)的壓力下,越是要實(shí)現(xiàn)發(fā)展計(jì)劃、增強(qiáng)國(guó)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(guó)農(nóng)業(yè)生產(chǎn)的主力軍,維持其良好的發(fā)展?fàn)顟B(tài),是對(duì)所有農(nóng)業(yè)生產(chǎn)企業(yè)的鼓勵(lì),也是促進(jìn)社會(huì)進(jìn)步、提高國(guó)民幸福度的堅(jiān)定力量。在我國(guó)推動(dòng)社會(huì)主義市場(chǎng)經(jīng)濟(jì)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(kuò)大規(guī)模、實(shí)現(xiàn)公司價(jià)值最大化的趨勢(shì)下,一定會(huì)發(fā)生融資、投資、營(yíng)運(yùn)等相關(guān)的經(jīng)濟(jì)活動(dòng),隨之而來的不僅是預(yù)期可能獲得的收益,也產(chǎn)生了客觀存在的不可避免的財(cái)務(wù)風(fēng)險(xiǎn)。其程度的高低直接決定公司預(yù)期收益與實(shí)際收益的差距大小,影響公司今后的發(fā)展趨勢(shì)。中小板農(nóng)業(yè)上市公司的資金底蘊(yùn)較少,技術(shù)與制度水平較低,其對(duì)財(cái)務(wù)風(fēng)險(xiǎn)的控制能力較弱。如果不能及時(shí)財(cái)務(wù)預(yù)警,采取有效的防范對(duì)策,財(cái)務(wù)風(fēng)險(xiǎn)將對(duì)公司的發(fā)展帶來很大的危機(jī)。因此,本文致力于以學(xué)者的研究成果為依據(jù),對(duì)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(jìn)行財(cái)務(wù)風(fēng)險(xiǎn)分析。首先,通過財(cái)務(wù)報(bào)表主要數(shù)據(jù)和主要財(cái)務(wù)指標(biāo)對(duì)公司的基本財(cái)務(wù)狀況進(jìn)行分析與了解;其次,以其2011年至2015年的財(cái)務(wù)數(shù)據(jù)為基礎(chǔ),運(yùn)用財(cái)務(wù)比率分析法與F1分?jǐn)?shù)模型進(jìn)行測(cè)度,得出單方面及全面的財(cái)務(wù)數(shù)據(jù)指標(biāo),將兩種方法所得的結(jié)果互補(bǔ)結(jié)合,分析該公司五年間的財(cái)務(wù)變動(dòng)情況,探討其財(cái)務(wù)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(dǎo)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(cái)務(wù)風(fēng)險(xiǎn)的有效對(duì)策。通過數(shù)據(jù)測(cè)度可知,云投生態(tài)總體財(cái)務(wù)狀況不穩(wěn)定,財(cái)務(wù)風(fēng)險(xiǎn)總體水平有上升趨勢(shì)。具體來說,公司的短期債務(wù)大,凈現(xiàn)金流量少;營(yíng)業(yè)收入不穩(wěn)定,盈利持續(xù)性低;應(yīng)收賬款與存貨周轉(zhuǎn)速度低;銷售增長(zhǎng)能力差,發(fā)展能力波動(dòng)大等。如果不提高資產(chǎn)流動(dòng)性、降低負(fù)債壓力、增加獲利能力等,公司的財(cái)務(wù)風(fēng)險(xiǎn)就有增大趨勢(shì)。由此,本文建議公司做出完善產(chǎn)業(yè)結(jié)構(gòu)、優(yōu)化預(yù)警體系、降低負(fù)債壓力、提高營(yíng)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(xué)位授予單位】：沈陽(yáng)農(nóng)業(yè)大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2017
【分類號(hào)】：F275;F832.39
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本文編號(hào)：1501014