In the international competitiveness of increasingly strong pressure,the more to achieve the development plan,enhance national strength,the more attention should be paid to the development of agriculture.Agricultural listed companies as the main force of China’s agricultural production,to maintain its good development of the state,is not only the encouragement of all agricultural production enterprises,but also the firm force to promote social progress,improve the national happiness.Under the policy of promoting the socialist market economy in our country,agricultural listed companies have a lot of space for independent development.In the pursuit of expanding the scale and achieving the maximize value of the company,there will be financing,investing,operating and other related economic activities,which not only get the expected benefits,but also produce an objective existence of the inevitable financial risks.The level of financial risk directly determines the size of the expected difference between the expected earnings and the actual income,and then affect the company’s future development trend.Small and Medium Board Agricultural Listed Company has less capital,lower level of technology and system,so its ability to control financial risks is weak.If not timely financial warning,taking effective preventive measures,financial risk will bring great crisis to the development of the company.Therefore,the paper is based on the research results of scholars,analyzing the financial risks of Yunnan Yuntou Ecology and Environment Technology Co.,Ltd.,which is belong to the Small and Medium Board Agricultural Listed Company.Firstly,according to the main basis of financial statements and main financial ratios to analyze and understand the basic financial situation of the company.Secondly,Basing on its financial data from 2011 to 2015,and used the financial ratio analysis method and the F1 score model to obtain unilateral and comprehensive financial data indicators.Then combining the results of the two methods to analysis of the company’s financial situation for five years.Exploring the problems and causes of the financial situation from external factors and internal factors.Finally,putting forward effective measures to prevent financial risks external from external and internal environment.According to the data measure,we can know the overall financial situation is unstable and on the rise.Specifically,The company’s short-term debt is large,net cash flow is less.The operating income is unstable and the profitability is low.Accounts receivable and inventory turnover speed is low.Sales growth ability is poor and development ability fluctuates greatly,etc.If we do not improve asset liquidity,reduce debt pressure,increase profitability,etc.,the company’s financial risk will increase.So the paper puts forward the corresponding countermeasures,to recommend that the company make improvements in financial risk awareness,investment management,capital structure and so on. |