Research On Financial Risk Analysis And Control Based On The Perspective Of Financial Statements In Jiangsu Valin-Xigang Special Steel Co.,Ltd.

The steel called as the food of industry has been widely used in all aspects of so cial production and living in various fields.It has increasingly become an irreplaceabl e strategic industry based products.Almost all the industrial process in industrialized countries started steel.Without steel,there is no other industrial products.So,the stee 1 industry plays an indispensable role in the whole national economy.The developmen t of the steel industry not only relates to the steady growth of social economy but also has knock-on effects on the development of related industry.The paper based on the theory of financial risk analysis and management uses c ase study method.The paper uses Jiangsu valin-xigang special steel Co.,Ltd.,as the re-search object.The paper analyses the current state and risks of financing,managemen t,investment of Jiangsu valin-xigang special steel Co.,Ltd.on financial statement per-spective.The result of analysis manifests that the long-term debt paying ability is in t he low level of the whole industry while the short-term paying ability is in the high 1 evel.The company has the financing risk as a whole.The indicators of investment abil ity is in the low level of the industry and the corporate has high investment risks.The indicators of business ability is in the low level of the industry and the corporate has high business risks.To the depression of The economic,the paper suggests looking fo r strategic alliance,establishing the financial early warning mechanism.To the serious industrial environment.the paper suggests Increasing investment in innovation,build ing the core competitiveness.To the resources shortage,the paper suggests making ful 1 use of resources and improving resource utilization.To the current state of the corpo rate,the paper gives suggestions based on risk control theory.To the financing risks,th e paper suggests analysing financing environment?controlling the scale of debate?optimizing the capital structure?strengthen investment management?enhancing in-vestment program.To the business risks,the paper suggests strengthening the inven-tory supervision,establishing accounts receivable analysis system.These measures ai m to provide suggestions and advice to improve the quality of financial risk managem ent for jiangsu valin xi-gang special steel Co.,Ltd.