Research On The Causes And Countermeasures Of YS Corporation's Financial Crisis

In recent years,with the advancement of globalization,product upgrades have accelerated,and enterprises have undergone strategic transformation.In the context of the current industrial structure transformation,the transformation enterprises face more financial risks or even financial crisis.How to let the transformation enterprises understand the financial risks,establish a financial crisis prevention mechanism,and promote the healthy development of the transformation enterprises have become an important issue that cannot be ignored..The medical industry is developing rapidly and the market is extensive.However,the medical industry is a weak cycle industry with a slow return on investment.At present,it is in the process of structural adjustment of the medical industry.During the period of transformation and upgrading,the market competition of the whole industry is increasing.Therefore,research on financial crisis in the medical industry is urgent.YS gradually transformed into a medical enterprise,and in the process,its financial situation deteriorated and it was in financial crisis.Analysis of the causes of financial crisis can help companies understand financial risks,identify financial crises,and propose countermeasures for financial crises to help enterprises manage and control financial crises.Taking YS company financial crisis as the research object,using literature analysis,quantitative analysis and comparative analysis to analyze the performance and causes of financial crisis.Firstly,through reviewing a large amount of data,the overall situation and transformation process of YS company was studied.Based on the financial data from 2013 to2018,it was found that YS had a long-term profit loss and accounts receivable inventory at the current stage.Such as the decline in asset turnover,the overall shortage of capital inflows,the increased risk of debt burden,the shrinking of asset size,and the significant slowdown in development speed.Secondly,through the signs and performance of YS company's financial crisis,combined with internal and external environmental factors,it analyzes the high cost and cost of internal factors in the transformation process,the sales of assets,the performance of management,the poor ability of management capital,and the quality of injected assets.Problems such as low level,disordered internal control mechanism,and unfavorable industrial layout;external market factors such as fierce market competition and strict control of industry policies.Finally,constructive suggestions were put forward for the problem.Interms of internal factors,it is necessary to strengthen cost management,inject high-quality assets,divest in inferior assets,strengthen internal asset management,improve internal control mechanisms,accelerate the integration of medical information resources and industrial layout;In terms of external resources,we must establish good cooperative relations to enhance external competitiveness and understand industry policies,and exert subjective initiative to adjust corporate development strategies in a timely manner.