Research On The Financial Risk Appraisal And Control Of Chinese Seed Listed Companies

Chinese seed listed companies are the agriculture high-technology company integrated the design, development, production and sales. High risk of Chinese seed listed companies to cause more uncertainty factors in production and operation, these uncertainty factors will bring the seed listed company's production and operation with the obstacles and difficulties, which affects their continued development and make the possibility of operation failure to increase. With Feng Le Seeds CO., LTD begin listing as the first seed share in 1997, Chinese seed listed companies have produced a startling. Chinese seed listed companies should analysis financial risk and find out the problem and provide control strategy to far from the financial crisis, which has the important significance.According to the general theory of financial risk and the characteristics of the Chinese seed listed companies ,this paper evaluate financial risk of the Chinese seed listed companies with principle component analysis, and analysis financial risk of DengHai Seeds CO., LTD as a case using fuzzy comprehensive evaluation. This paper evaluates and control financial risk of the Chinese seed listed companies mainly from the following aspects:(1)Meaning,classification and characteristic of Chinese seed listed companies. Chinese seed listed companies' financial risk refers to the possibilities that result from the loss due to inconsistency between actual earnings and expected earnings, and is the comprehensive reflection of the possibilities in finances and operation. Chinese seed listed companies' financial risk have four features of high technological level, parametric uncertainty of market, the quite clear characteristics of demand for fund and intangible assets position significantly. Chinese seed listed companies' financial risk includes the general financial risks of funding risk, investment risks, gains of recovery risks and profit-sharing risks and so on, also includes special financial risks of new breed of innovation risk and value chain risk of plant variety rights. (2)Evaluation of the Chinese seed listed companies' financial risk with principle component analysis. Based on finance indexes system for appraisal and financial data, this paper evaluates financial risk of the Chinese seed listed companies with principle component analysis.(3)A case study—financial risk fuzzy comprehensive evaluation of DengHai Seeds CO., LTD. Based on finance indexes system for appraisal, this paper evaluate financial risk of DengHai Seeds CO., LTD with fuzzy comprehensive evaluation, and draw a conclusion: financial risk of DengHai Seeds CO., LTD is middle level.(4)Control of Chinese seed listed companies' financial risk. After evaluating Chinese seed listed companies' financial risk, this paper put forward a proposal for Control of Chinese seed listed companies' financial risk(5)Inadequate research and the extension of this paper. The financial data of this paper were based on data released by seed listed companies, but released data often were whitewashed, more research should be made to insure accuracy of the financial data.The textual innovation points.(1)According to the characteristics of the Chinese seed listed companies ,this paper analysis special financial risks of new breed of innovation risk and value chain risk of plant variety rights, and set up new breed of innovation risk indexes.(2) This paper evaluates financial risk of the Chinese seed listed companies with principle component analysis, and evaluate financial risk of DengHai Seeds CO., LTD with fuzzy comprehensive evaluation.