The Research On Financial Distress Of YS Company

Since the beginning of reform and opening up,China has begun to accelerate the process of industrialization,and strive to increase the proportion of manufacturing,so that the manufacturing industry has begun to develop rapidly.As China's economy officially entered the new normal in 2014,the economic growth rate began to gradually slow down,and with the optimization and adjustment of the economic structure,the manufacturing industry began to show a sluggish state.Affected by various factors such as the external environment and corporate governance,the number of companies in financial difficulties in recent years has been on the rise.The occurrence of financial distress not only seriously affects the normal operation of the company,but also damages the economic interests of the company's employees,investors and creditors.It also has a negative impact on the stability of related industries and capital markets.The financial dilemma is also called the financial crisis.If the financial difficulties are allowed to develop,then he will eventually lead to the collapse of the company.China not only pays great attention to financial difficulties in the financial sector,but also the financial dilemma in corporate management.When a company begins to have a financial distress,it should promptly discover the characteristics of financial distress,find out the reasons for the formation of this feature,and actively take reasonable and effective response measures to kill the bud.The root causes of the company's financial distress and the specific measures to get out of the financial dilemma are both research and discussion value.This paper firstly summarizes the research results of domestic and foreign experts and scholars on financial distress based on the review of relevant literature.And summarizing,reviewing the literature from the definition of financial distress,the causes of financial distress and the countermeasures of financial distress,and simply describing the concept and characteristics of financial distress,and analyzing the relevant theories of financial distress;then,this paper is for YS The basic situation,the industry and the main business are introduced,and the YS company's performance,major financial indicators and the more representative listed companies in the same industry are compared horizontally to determine that YS's performance has fallen into financial difficulties;From the overall economic situation,rising raw materials and energyprices,fierce market competition,and macroeconomic policies,external factors analysis;from liquidity shortage,unreasonable corporate governance structure,improper cost control,idle assets,internal financial management Chaos and intellectual property protection are not In the aspect of internal analysis,the causes of YS's financial distress were analyzed.Then,according to the financial difficulties of YS,the scale of controlling loans,strengthening fund management,strengthening accounts receivable management,optimizing financial management system and increasing intellectual property rights were proposed.Protecting the five solutions,I hope to get YS out of financial difficulties.Finally,by understanding the situation of YS's financial distress,the reasons for YS's financial distress are analyzed from the external and internal factors,and finally the appropriate liabilities can enhance the company's value,reduce the short-term loan rate and improve its capital structure.It is conducive to the long-term healthy development of the company;strengthen the management of funds,fully improve the efficiency of fund use,and improve the level of corporate fund management;leaders at all levels should attach great importance to the management of accounts receivable,and the financial department needs to strengthen supervision and collect accounts from the company.The risk of the model is reduced to a minimum;the company should establish and improve the financial management system from many aspects,adjust the management system,optimize the existing management organization structure,improve work efficiency and the company should pay attention to its own intellectual property protection.