基于现金流量的中兴通讯财务风险识别与控制

发布时间：2018-06-27 12:05

本文选题：财务风险 + 现金流量　；参考：《长沙理工大学》2014年硕士论文

【摘要】：随着经济社会的飞速发展,通讯产业作为高科技产业中发展势头最强的产业之一,已逐渐成为经济新增长点和新生产力的突出代表,同时也是衡量一个国家现代化水平和综合国力的重要标准。然而,随着2008年金融危机的出现,中国通讯行业开始面临市场和技术的双重压力和挑战。通讯业企业内部财务决策与外部环境的不确定性,使其将要面对巨大的财务危机。企业的现金流量可以综合反映出企业资金运作状况与持续经营能力,通过对其进行深入的分析能够更好地识别及控制财务风险的发生。所以,从现金流量的角度对国内上市通讯企业财务风险进行识别与控制研究有着重要的理论和现实意义。本文选取国内上市通讯企业中兴通讯做为典型案例。第一部分,为文章绪论部分,介绍了本文研究背景、意义与国内外研究现状。第二部分,介绍了财务风险、现金流量的含义,以及利用现金流量分析财务风险的必要性。第三部分,介绍中兴通讯财务风险的问题并简要的论述了财务风险产生的原因。第四部分,对中兴通讯2009年-2012年的现金流量相关财务数据展开深入剖析与研究,再通过引入现金流量的新杜邦分析体系从总体上识别中兴通讯潜在的财务风险。最后一部分,本文从企业经营活动、筹资活动、投资活动三项活动的现金流量方面具体探讨并提出控制中兴通讯财务风险的措施。
[Abstract]:With the rapid development of economy and society, the communication industry, as one of the most powerful industries in the high-tech industry, has gradually become a prominent representative of the new economic growth point and new productive forces. At the same time, it is an important standard to measure a country's modernization level and comprehensive national strength. However, with the emergence of the financial crisis in 2008, China's communications industry began to face the dual pressure and challenges of market and technology. Because of the uncertainty of internal financial decision and external environment, communication enterprises will face a huge financial crisis. The cash flow of an enterprise can comprehensively reflect the operating status and continuing management ability of an enterprise, and it can better identify and control the occurrence of financial risks through in-depth analysis of the cash flow. Therefore, it is of great theoretical and practical significance to identify and control the financial risk of domestic listed communication enterprises from the perspective of cash flow. This article selects the domestic listed communication enterprise ZTE as the typical case. The first part, the introduction of the article, introduces the research background, significance and domestic and foreign research status. The second part introduces the financial risk, the meaning of cash flow, and the necessity of using cash flow to analyze financial risk. The third part introduces the financial risk of ZTE and briefly discusses the causes of the financial risk. The fourth part analyzes and studies the related financial data of cash flow of ZTE from 2009 to 2012, and then identifies the potential financial risk of ZTE by introducing the new DuPont analysis system of cash flow. In the last part, the paper discusses and puts forward some measures to control the financial risk of ZTE from the aspects of cash flow of three activities: enterprise operation, financing and investment.
【学位授予单位】：长沙理工大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F626.115

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