The Financial Risk Assessment Of YQJC Company

With the continuous developing and improving of capital market in China,the financial risk of the listed companies attracted more and more attention from the stakeholders.The requirement of the financial risk assessment is becoming more and more serious.With the whole market economy,the competition of single companies has been unable to fit the requirements of market.At the same time,the companies are becoming better cope with the market competitions,so the supply chain competitions emerge as the times require in this case.Manufacturers are the pillar of the whole national economic system,while the automobile manufacturers occupy the important position in manufacturing industry.After reaching the companies’ disclosure of information,YQJC company is one of leaders of automobile manufacturing and the core manufacturer in the supply chain.Evaluating the financial risk assessment of YQJC will be conducive to the stable development of automotive industry supply chain.The development of YQJC the company will promote the whole automotive growing and relate to the health of the whole supply chain.Evaluating the financial risk assessment for the company will create a stable foundation for creating the independent brand.First,introducing the background and significance of the research,the relevant literature of the financial risk assessment and determining the related concepts.Secondly,introducing briefly of the company,the introduction mainly divided into two aspects of the present situation of financial and non-financial.Financial situation is mainly divided into financing activities,investment activities and operation activities.Non-financial situation is divided into corporate governance,supply chain management and other activities.Screened the corresponding indicators for the company,and using the empirical research method to determine the final indexes.According to YQJC company belong to the securities market sector,so selecting 75 manufacturing enterprises as the data of the research sample.Using the experimental group data,and constructing the principal component analysis by using the selected indicators.Then using the principal component constructed the Logistic model.At last,using the Logistic model to evaluate the financial risk of YQJC company during five years,the financial situation is in normal state in 2010,2011 and 2013,but due to some financial indicators the financial situation is showing a slight abnormal state in 2012 and 2014.The financial status of the company is mainly impacted by debt ability,growth ability,profit ability,corporate governance level,supply chain environment and other major indicators.According to the financial risk assessment of the company,the paper got the following conclusions.Using the financial and non-financial factors,the index system can reflect the financial situation of the company more comprehensively.Introducing the supply chain integration into the financial risk assessment model made the accuracy of the financial risk assessment model was promoted.After using the Logistic model to evaluate the financial situation of the company,the financial position is fluctuated.So the company in the business process will be accompanied by a complex and volatile financial risk,controlling the financial risk in the best condition to the rapid and healthy development of the company.