The Research Of Listed Company Financial Risk Pre-warning Based On Cash Flow

China's accession to WTO, financial risk management process to bring a myriad of complex nature of enterprise reform, as well as a pioneer of public reform and development opportunities, but also facing fiercer competition, facing new and greater risks and crises. This paper first at home and abroad carried out on the financial risk warning order, on this basis, the establishment by Xian Jin Liu financial index system, using factor analysis normal listed company, ST conduct empirical analysis of listed companies, Finally, China's financial early warning system and enterprise status put forward any concrete measures, with some guidance.The innovation of this paper is as follows:(1) the use of factor analysis were normal, ST listed companies in 2009, an empirical analysis of financial indicators, and the two corresponding empirical analysis, and proposed empirical results; (2) the normal ST listed companies and listed companies to compare the empirical results, and for the empirical problems in the financial risk early warning status in our country and put forward concrete solutions; (3) over the years, warning of China's domestic financial status of the order, summary.