Financial Risk Analysis Of YTS Pharmaceutical Co.,Ltd. Under The Two-Ticket System

With the development of Chinese economy,and the acceleration of population aging,Chinese pharmaceutical industry has maintained rapid growth in recent years.However,the problem of “difficult to see a doctor and expensive to see a doctor” has attracted much attention from the society.In order to alleviate this problem,the government announced the “two-ticket system” policy in early 2017;this policy has made great changes in the field of drug distribution in China.The implementation of the "two-ticket system" eliminated more than 90% of the pharmaceutical distribution companies that depended on “pass the ticket” in the Henan pharmaceutical market.The blank market left by the eliminated companies provided business development directions for the remaining pharmaceutical distribution companies.On the other hand,due to the characteristics of pharmaceutical distribution companies,the operation of the business requires a large amount of liquid funds to support it.The problem of seizing the market is even more difficult for the liquidity of corporate funds,which requires that corporate managers have good financial management capabilities.Find out the financial risks that may exist in financial management,establish a sound capital structure.This article takes YTS Pharmaceuticals company as the research object,the background and meaning of the implementation of the "two-ticket system" policy,and the basic situation of YTS Pharmaceuticals Company.An analyzing of the financial risks that YTS Pharmaceuticals Company faces after the implanting of two-ticket system".According to the analysis,YTS Pharmaceuticals Company has a single fundraising path,lack of funds,and financial structure needs to be optimized.The company has certain problems in capital operation,fund raising activities,investment activities,and business activities.Finally,it proposes countermeasures based on the company's specific risk causes: From an external point of view,the company must pay attention to changes in medical reform policies in real time,and pay attention to competitors' warming towards.From the internal point,the company must establish sound financing channels,optimize the capital structure,strengthen the credit management of important customers,establish and improve financial early warning mechanisms,strengthen financial management levels,optimize organizational structures,improve corporate governance mechanisms,and use existing channels,Rich product line.