天一科技财务风险控制研究

发布时间：2018-05-24 14:24

本文选题：财务风险 + 风险识别　；参考：《湖南大学》2013年硕士论文

【摘要】：近年来，机械制造类上市公司业绩滑坡，亏损严重的报道屡见不鲜，其中主要原因是部分企业在激烈的市场竞争只重视产品的生产和销售，而忽视了对企业财务风险的管理。2004年至今，天一科技公司因严重亏损多次被深交所特殊处理，多年来，天一科技公司一直采取积极的措施试图扭转这一现状，多次谋求重组脱困，，但因种种原因均以失败告终，特别是2012年4月10日公司发布了非公开发行股票的预案，但几经周折后于2013年3月21日发布了终止公告。目前天一科技公司仍旧面临巨大的困境，这严重影响着投资者的利益以及公司的长期发展。展开对天一科技公司财务风险相关问题的研究，对其财务风险进行防范与控制，有助于该公司长期、稳定、健康的发展。本文以资本结构理论、风险管理理论和控制论为理论基础，结合机械制造行业特点对天一科技的经营管理现状进行分析，分别从盈利能力、运营能力、偿债能力与发展能力四个方面选取相关的财务指标，并运用层次分析法相关原理确定指标权重，建立了一个多层次的财务风险评价模型，对天一科技的财务风险进行评价，判定其风险等级为“较高风险”。针对公司融资渠道、债务期限、对外投资、商业信用等方面存在的诸多问题，本文认为应努力谋求战略投资者，加快重组步伐来化解公司的危机，并通过开辟多元化融资渠道、保持合理的负债规模与结构、提高产品盈利能力、建立完善的投资风险管理组织体系以及对应收账款进行全过程管理等手段来改善公司的财务状况，谋求公司的健康稳定发展。
[Abstract]:In recent years, the performance of listed companies in machinery manufacturing industry has declined, and serious losses have been reported frequently. The main reason is that some enterprises only attach importance to the production and sale of products in the fierce market competition. Since 2004, Tianyi Technology Company has been specially treated by the Shenzhen Stock Exchange for its heavy losses. For many years, Tianyi Technology Company has been taking active measures to try to reverse this situation. Repeated attempts to get rid of restructuring ended in failure for various reasons, especially when the company issued a non-public stock plan on April 10, 2012, but after several setbacks, it issued a termination notice on March 21, 2013. At present, Tianyi Technology is still facing huge difficulties, which seriously affect the interests of investors and the long-term development of the company. The research on the financial risk of Tianyi Science and Technology Company and the prevention and control of its financial risk will be helpful to the long-term, stable and healthy development of the company. On the basis of capital structure theory, risk management theory and cybernetics, this paper analyzes the present situation of Tianyi science and technology based on the characteristics of machinery manufacturing industry. Four aspects of debt service ability and development ability are selected, and the weight of index is determined by AHP, and a multi-level financial risk evaluation model is established to evaluate the financial risk of Tianyi Science and Technology. The risk rating is determined to be "higher risk". In view of the problems existing in financing channels, debt maturity, foreign investment, commercial credit and so on, this paper holds that we should strive to seek strategic investors, speed up the pace of restructuring to resolve the crisis of the company, and open up diversified financing channels. Maintaining reasonable debt scale and structure, improving the profitability of products, establishing a perfect investment risk management organization system and managing accounts receivable in the whole process can improve the financial situation of the company and seek the healthy and stable development of the company.
【学位授予单位】：湖南大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F275;F426.4

【参考文献】