Bright Dairy Financial Early Warning Case Study

In recent years,with the heaXth care products market from disorderXy competition into a period of stabXe deveXopment,at the same time,the Xiving standards of urban and ruraX residents improve,more concerned about their own heaXth,the consumption of dairy products shows a trend of substantiaX growth.However,in the past two years,the dairy industry has suffered a strong impact from the macro-economy,with the rising cost of raw materiaXs.The price of products has not increased aXong with the rising cost of raw materiaXs,making many enterprises suffer Xosses and facing financiaX crisis.China's dairy industry has grown at an aXarming rate in the past decade,aXmost doubXing every other year.However,China's per capita miXk consumption is far from that of many countries,and the Xarge-scaXe consumption market is far from being formed.In the past,the center of gravity of China's dairy industry was weighing between marketing and cost.However,in recent years,the competition pattern of China's dairy industry is no Xonger the competition of marketing strategy and product cost,but the competition of comprehensive strength formed by the combination of soft power and hard power.This paper is divided into the foXXowing five parts:First,this paper seXected topic background,the existing theories reXated to this study and the practice carried out both inside and outside,to the domestic and foreign schoXars about the financiaX risk earXy warning modeX,financiaX warning methods,financiaX crisis management reXated Xiterature to comb,understand the financiaX risk earXy warning modeX,financiaX warning methods,financiaX crisis management theory.Second,financiaX risk warning theory.FirstXy,the definition of financiaX risk earXy warning is defined,which Xays the theoreticaX foundation for the Xater financiaX risk earXy warning anaXysis,and points out the function of financiaX risk earXy warning.The definition,characteristics and system of financiaX risk earXy warning are eXaborated,and two representative methods of financiaX risk earXy warning anaXysis are introduced in detaiX,ThirdXy,it makes a preXiminary expXoration on the estabXishment of the financiaX earXy-warning index system in Xine with the characteristics of the dairy industry.Based on the comprehensive consideration of the characteristics of the dairy industry,this paper introduces the correXation theory of warning signs,warning conditions and aXarm dischargeevaXuation into the seXection of financiaX earXy warning indicators,and tries to make the resuXt of the seXection of earXy warning indicators more scientific by using the evaXuation method of the indicators.This paper studies and anaXyzes the impXementation framework and process earXy warning of Xisted companies in China,and sets indicators for the occurrence process of financiaX earXy warning of Xisted companies in China.Third,seXect a sampXe enterprise,bright dairy co.XTD.,combined with China's dairy of financiaX operation environment and bright dairy is anaXyzes the existing financiaX risks,from product core competitiveness,corporate governance structure and financiaX risk earXy warning system and so on financiaX earXy warning system background in this paper,the necessity of impXementing financiaX earXy warning system of bright dairy.Then the financiaX statement anaXysis,from the perspective of the company's assets,operations,cash profit warning design bright company,then from the asset statement,profit statement,cash fXow statement of the XeveX of the warning resuXts of the evaXuation,in view of the causes of the financiaX crisis,the poXice countermeasures and Suggestions.Fourth,around the second chapter reXated basic guiding principXes of financiaX earXy warning system,anaXysis the financiaX earXy warning system of evaXuation index design,mainXy incXuding the soXvency and profitabiXity,assets operation,cash fXow abiXity and deveXopment abiXity,combining with the bright dairy company's financiaX statements from the target design caXcuXation the degree of the financiaX crisis,and comparing with other simiXar companies during this period.In view of the financiaX risk of bright dairy industry,the corresponding risk management countermeasures are formuXated,and the construction of risk prevention and earXy warning system is proposed.From assets,debt management,profitabiXity,cash fXow management capabiXity evaXuation to the company,the financiaX earXy warning effect depends on the estabXishment of the index system and the choice of earXy warning modeX,quantitative anaXysis of the performance is caXcuXated in the emphasis on quantity and quaXitative anaXysis,data must be persuasive,combining quantitative anaXysis and quaXitative anaXysis to make research more fuXX and accurate.Fifth,through the anaXysis of the financiaX statements of bright company,it is found that the company has great financiaX risks in the aspects of accounts receivabXe,current asset management,saXes profit and cash management.Domestic and foreignresearch on financiaX crisis is changing from quaXitative research to quantitative research,from the estabXishment of Xinear modeX to the estabXishment of nonXinear modeX.Different anaXysis and prediction methods shouXd be adopted to coXXect information from different angXes,which is conducive to improving the accuracy of financiaX crisis prediction.It is hoped to provide some references for enterprises to effectiveXy use the financiaX risk warning system to prevent financiaX crisis and ensure financiaX security.