Research On ZF’s Financial Risk Management And Early Warning System

Nowadays the global economy is developing rapidly,the industry face is changing rapidly,our country economy is in the market economy continues to develop at high speed today to radiate vigor,has gradually realized to connect with the world.However,due to the rapid economic growth,competition among enterprises is becoming more and more fierce,especially in recent years,with the unpredictable or uncontrollable environment and the inaccurate prediction of market changes,the financial risk of enterprise managers increases.The non-ferrous metal smelting industry,as an important foundation in manufacturing industry,has important strategic significance in economy,people’s life,national defense industry and science and technology.With the development of our country’s economy,higher requirements have been put forward.Therefore,the non-ferrous metal industry is chosen as the background to analyze enterprise financial risk management and construct risk warning system.In the combing of domestic and foreign financial risk management and risk warning,this paper summarizes the case of modern company ZF,analyzes its potential financial risks,and finds that the work of financial warning has not been carried out in real time,which causes many financial problems.Under these circumstances,how to set up an effective early warning system of enterprise finance is very important.So there will be a study around ZF’s financial risk,building a targeted and accessible financial risk early warning system based on financial data from 2018 to 2022.Firstly,according to the principle of financial early warning system,the index system and corresponding weight of financial risk evaluation are determined,and the weight and correlation analysis is carried out by entropy method and SPSSAU,and the optimal early warning index is selected by selecting the two sides of financial index to be objectively empowered.Secondly,combine it with the method of improving efficacy coefficient and construct the financial risk warning system suitable for ZF company through scientific calculation.At last,according to the above steps,the comprehensive index score and the individual score are calculated,and the financial warning work of ZF Corporation is completed.According to the early warning results,ZF’s warning grades from 2018 to 2022 are Mega Alert,Mega Alert,Mega Alert,Medium Alert and Medium Alert.Then,aiming at the four dimensions of ZF company’s solvency,operating ability,profitability and development ability,this paper puts forward some countermeasures to help ZF company develop in the future.Taking the overall financial warning system of ZF company as an entry point,the author puts forward some more targeted,practical and implementable safeguard measures.