Research On Early Warning Of Financial Risks Of Z Mining Company

Coal as the main energy source of our country,the expanding industrial scale has proved its important position in the course of our country’s industrial development.But in recent years,the development of coal industry has been a lot of shackles,supply and demand imbalance,cost surge and other problems have been puzzling coal enterprises.After experiencing the impact of the 2020 epidemic,the development of the industry is even more difficult.Relying on the policy change and the benign development of downstream enterprises,the coal industry is facing the transformation and breakthrough,but also needs to achieve steady progress.The construction period of coal enterprises is long,the investment demand is high,and the financial risk is easy to appear,so how to reduce and deal with the financial risk in time has become the key to the stable development of coal enterprises.Z mining companies belong to coal state-owned enterprises,operating for more than ten years,more representative research.Therefore,this paper takes the Z mining company as the research object,carries on the thorough investigation to its financial risk early warning work present situation,in order to construct the financial risk early warning model suitable for the Z mining company.Based on the research on financial risk and financial risk early warning,this paper expounds the development and achievements of current research in this field,and combines the actual situation of Z mining companies.Finally,entropy method and efficacy coefficient method are chosen as the basic methods of early warning model construction.As a coal enterprise,industry characteristics determine that Z mining companies are likely to have hidden risks.Therefore,first of all,through the analysis of its business situation,internal management and industry background,to form a preliminary understanding of the current situation of enterprise financial operation management.Secondly,the financial data of enterprises in the past five years are selected to identify the current financial risks faced by enterprises through horizontal and vertical analysis and comparison.Thirdly,based on the relevant financial data,the above indexes are screened by entropy method and correlation analysis method from 18 basic financial indexes of four dimensions: profitability,solvency,operating ability and development ability.For the selected financial indicators,the entropy method is used to re-empower the financial risk warning indicator system of Z mining companies.At the same time,the improved efficacy coefficient method is used to systematically score the data,and the early warning score in the past five years is obtained.Finally,according to the early warning score results,based on the background of Z mining company state-owned enterprise,from strengthening the "two gold" management to optimize the cost accounting,from improving the enterprise development ability to improve the early warning system,targeted put forward the Z mining company financial risk prevention main measures and suggestions,help to realize the future benign development of enterprises,but also hope that the research can provide reference and help for the same type of enterprises to a certain extent.