Research On Financial Risk Early Warning Of Tangde Film And Television

The cinema and television business serves as the country’s "name card" and is crucial in fostering cultural confidence and a vibrant national identity.The growth of the industry is intimately related to both the macroenvironment and the spiritual underpinnings of the country.The abrupt outbreak of COVID-19 in the start of 2020 had a significant impact on China’s economic progress.The cultural and entertainment industry index has showed a major negative trend,and most film and television firms’ operating performance has begun to deteriorate.In addition,in recent years,China’s film and television industry has also fallen into a development dilemma.The injection of a large amount of external capital has led to overcapacity and serious foam in the industry.Furthermore,several tax evasion issues in the sector,as well as the influence of the rapid development of online film and television on the traditional film and television industry,have caused the film and television winter to spread swiftly.At the same time,a large number of film and television companies excessively rely on the star effect,and the chaos of pursuing traffic supremacy has also caused frequent thunderstorms in the film and television industry.These unknown aspects can cause major financial risks for film and television enterprises,which can be fatal to the company’s stable development and also have a negative impact on the overall health and sustainability of the film and television cultural industry.As a result,executives in the film and television industries should focus more on financial risk management.This article chooses Tangde Film and Television Company as the research subject based on the macroeconomic conditions,focuses on the company’s financial risk early warning in relation to the characteristics of the film and television industry,and uses a combination of the entropy method and the efficiency coefficient method to conduct financial risk early warning research for the company.The entropy method is more objective in terms of weighing techniques than conventional early warning techniques,and the operation process is clear-cut and easy to follow,increasing the validity of the research findings.As a result,the entropy method is used in this study to create a financial risk early warning model.Determine the financial dangers that Tangde Film and Television is facing first from the angles of funding,investment,operation,and distribution.Then,choose the company’s financial indicators from 2017 to 2021 as research data,create a financial risk early warning model using the entropy method and efficiency coefficient method,and use the SASAC’s "Enterprise Performance Evaluation Standard Values" as a guide to assess the financial risks the company faces during production and operation activities.The calculations’ findings indicate that Tangde Film and Television’s financial risk early warning level in recent years has been at a high level,necessitating a high level of vigilance on the part of the company’s management.In order to support the healthy,stable,and sustainable development of the film and television industry and to serve as a model for other businesses conducting financial risk early warning,prevention and improvement measures are finally suggested based on the calculation results of the financial risk early warning model for various risk types.These measures include accelerating the speed of inventory liquidation and optimizing the financing structure.