本文選題：財務(wù)風(fēng)險 + 風(fēng)險識別��； 參考：《湖南大學(xué)》2013年碩士論文

【摘要】：近年來，機(jī)械制造類上市公司業(yè)績滑坡，虧損嚴(yán)重的報道屢見不鮮，其中主要原因是部分企業(yè)在激烈的市場競爭只重視產(chǎn)品的生產(chǎn)和銷售，而忽視了對企業(yè)財務(wù)風(fēng)險的管理。2004年至今，天一科技公司因嚴(yán)重虧損多次被深交所特殊處理，多年來，天一科技公司一直采取積極的措施試圖扭轉(zhuǎn)這一現(xiàn)狀，多次謀求重組脫困，，但因種種原因均以失敗告終，特別是2012年4月10日公司發(fā)布了非公開發(fā)行股票的預(yù)案，但幾經(jīng)周折后于2013年3月21日發(fā)布了終止公告。目前天一科技公司仍舊面臨巨大的困境，這嚴(yán)重影響著投資者的利益以及公司的長期發(fā)展。展開對天一科技公司財務(wù)風(fēng)險相關(guān)問題的研究，對其財務(wù)風(fēng)險進(jìn)行防范與控制，有助于該公司長期、穩(wěn)定、健康的發(fā)展。 本文以資本結(jié)構(gòu)理論、風(fēng)險管理理論和控制論為理論基礎(chǔ)，結(jié)合機(jī)械制造行業(yè)特點對天一科技的經(jīng)營管理現(xiàn)狀進(jìn)行分析，分別從盈利能力、運營能力、償債能力與發(fā)展能力四個方面選取相關(guān)的財務(wù)指標(biāo)，并運用層次分析法相關(guān)原理確定指標(biāo)權(quán)重，建立了一個多層次的財務(wù)風(fēng)險評價模型，對天一科技的財務(wù)風(fēng)險進(jìn)行評價，判定其風(fēng)險等級為“較高風(fēng)險”。針對公司融資渠道、債務(wù)期限、對外投資、商業(yè)信用等方面存在的諸多問題，本文認(rèn)為應(yīng)努力謀求戰(zhàn)略投資者，加快重組步伐來化解公司的危機(jī)，并通過開辟多元化融資渠道、保持合理的負(fù)債規(guī)模與結(jié)構(gòu)、提高產(chǎn)品盈利能力、建立完善的投資風(fēng)險管理組織體系以及對應(yīng)收賬款進(jìn)行全過程管理等手段來改善公司的財務(wù)狀況，謀求公司的健康穩(wěn)定發(fā)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.
【學(xué)位授予單位】：湖南大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F275;F426.4

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