上市公司财务风险的分析与防范-以小米公司为例

论文总字数：25240字

摘 要

在刚刚结束的2020年里，新冠疫情对于全球经济的灾难性冲击十分剧烈，许多国家的经济发展形势收疫情影响，连续好几个月没有实质意义上的经济产出，为了应对疫情而付出了巨大的人力物力成本；使得很多中小企业面临倒闭风险，大型上市公司的财务风险不断加剧且难以在短时间内彻底解决，可谓是难上加难，祸不单行。本论文在此特殊时期，顺势谈谈上市公司的财务风险分析与防范处理问题；并且以小米公司为例，来浅析上市公司可能遇到的财务风险，相应的防范措施以及对防范风险措施的合理性和性价比进行深入浅出的探讨和研究。

步入21世纪，全球经济已经进入“经济全球化”时代，上市公司和各大跨国公司成为国家经济发展的引擎。上市公司在经济社会的发展下逐渐成为国家经济发展的一块块拼图，可以说，各个上市公司的整体经营情况的好坏能够在一定程度上决定一个国家一年经济情况的良好与否。本文在写作之前学习了财务风险管理领域的多篇论文的核心思想，概括性地用自己的话总结出了财务风险的一般定义，用自己的话来表述财务风险会对上市公司产生怎样不利的影响；同时也参考了涉及上市公司财务风险防范措施的相关学术论文，整合了几个在上市公司日常经营中应对处理自身财务风险的主要的，普遍适用的防范性措施；并且还选取我国的不同经济行业的相关代表性研讨论文进行相应的研读和思考，其中就包括房地产行业、电力行业、家电行业还有最近在证券市场上十分活跃的白酒行业等能够影响国家经济走势的主要行业，从不同行业的角度来囊括我国主要行业的上市公司所遇到的一般性的财务风险问题，当然，近几年风头正盛的大热门行业互联网行业上市公司也是本文探讨研究的一个重要对象；随后就进入到本文最核心的部分：以小米公司为例，运用典型案例来具体分析上市公司财务风险及其防范措施这一全文论题。本文在对小米公司进行一定的简介之后，文章将运用多种财务风险分析的方法，包括垂直分析法、水平分析法等等方法对小米公司近五年的财务报表进行详尽的分析。至文章的最后，我会单独列出一个章节来论述应对上市公司财务风险的防范措施其具体的可行性和效益性，也就是对于防范措施的性价比进行论述。

本文的结论，其实很简洁明了：通过一系列的环境分析，小米公司典型案例分析和财务方面的专业分析论证之后，本文认为财务风险对于企业的经营确实有不可忽视的负面影响，上市公司应当结合自身情况来采取合理的防范性措施。如果措施成本过大的话，企业也应当权衡利弊，选择对自身有利的应对方案。

关键词：小米公司；财务风险；风险防范；报表分析；合理性评估

Analysis and Prevention of Financial Risks of Listed Companies

——Take Xiaomi Company as an Example

Abstract

In the just concluded 2020, COVID-19"s devastating impact on the global economy is very intense. Many countries" economic development situation has been affected by the epidemic situation. It has not had substantial economic output for several months in a row. In order to cope with the epidemic situation, it has paid huge manpower and material costs. Many small and medium-sized enterprises are facing the risk of bankruptcy, and the financial risks of large listed companies are constantly increasing. It is difficult to solve the problem completely in a short time. In this special period, this paper takes the opportunity to talk about the financial risk analysis and prevention of listed companies; and takes Xiaomi company as an example to analyze the possible financial risks of listed companies, the corresponding preventive measures, and the rationality and cost performance of risk prevention measures.

Entering the 21st century, the global economy has entered the era of "economic globalization". Listed companies and major multinational companies have become the engine of national economic development. With the development of economy and society, listed companies have gradually become a puzzle of national economic development. It can be said that the overall operation of each listed company can determine whether a country"s economic situation is good or not in a year to a certain extent. Therefore, it is of great significance to analyze and study the financial risks of listed companies and discuss the preventive measures. Before writing, this paper studies the core ideas of many papers in the field of financial risk management, summarizes the general definition of financial risk in my own words, and describes how financial risk will have adverse effects on Listed Companies in my own words; at the same time, it also refers to the relevant academic papers related to financial risk prevention measures of listed companies, and integrates several listed companies The main preventive measures for dealing with financial risks in the daily operation of the company are generally applicable. Besides, the relevant representative papers of different economic sectors in China are also studied and studied, including real estate, electricity, home appliances, and Baijiu, which are very active in the stock market recently, which can affect the national economy. The trend of the main industries, from the perspective of different industries to include the general financial risk problems encountered by the listed companies in China"s major industries, of course, in recent years, the popularity of the industry, the Internet industry listed companies is also an important object of this paper; then enter the core part of this paper: take Xiaomi company as an example, use typical cases to analyze This paper analyzes the financial risk of listed companies and its preventive measures. After a brief introduction of Xiaomi company, this paper will use a variety of financial risk analysis methods, including vertical analysis method, horizontal analysis method and so on, to make a detailed analysis of the financial statements of Xiaomi company in recent five years. At the end of the article, I will list a separate chapter to discuss the specific feasibility and effectiveness of the preventive measures to deal with the financial risks of listed companies, that is, to discuss the cost performance of the preventive measures.

In fact, the conclusion of this paper is very simple and clear: after a series of environmental analysis, typical case analysis of Xiaomi company and professional analysis and demonstration of financial aspects, this paper believes that financial risk does have a negative impact on the operation of enterprises that can not be ignored, and listed companies should take reasonable preventive measures in combination with their own situation. If the cost of measures is too large, enterprises should also weigh the pros and cons, and choose a favorable response plan for themselves.

Keywords: Xiaomi company; Financial risk; Risk prevention; Statement analysis; Rationality evaluation

目 录

摘 要 I

Abstract II

第一章 绪 论 1

1.1 研究背景 1

1.2 研究的意义 1

1.3 研究内容及方法 1

1.4 论文框架 2

第二章 相关文献综述 3

2.1 上市公司财务风险的定义及其产生的原因.........................................................................................2

2.2 上市公司应对财务风险所需采取的防范措施及其有效性.................................................................2

2.3 文献述评.................................................................................................................................................2

第三章 财务风险概述 3

3.1 财务风险定义 5

3.2 财务风险特点及其影响 5

3.2.1 财务风险特点 5

3.2.2 财务风险对于企业的影响 6

3.3 本论文所涉及的财务风险分析方法 6

第四章 不同行业上市公司财务风险现状分析 7

4.1 白酒行业上市公司财务风险行情分析 7

4.2 互联网行业上市公司财务风险行情分析 7

4.3 电影行业上市公司财务风险行情分析 8

4.4 不同行业上市公司财务风险情况归纳总结.........................................................................................8

第五章 以小米公司为例的上市公司财务风险分析防范研究 9

5.1 小米公司简介 9

5.2 小米公司财务风险分析 9

5.2.1 小米公司近五年资产负债表分析................................................................................................10

5.2.2 小米公司近五年利润表分析........................................................................................................12

5.2.3 小米公司近五年现金流量表分析................................................................................................13

5.3 针对性的财务风险防范措施 14

第六章 财务风险防范措施的可行性和效用性分析 16

6.1 防范措施可行性分析 16

6.2 防范措施效益性、性价比分析 16

结 论 17

致 谢 18

参考文献 19

第一章 绪 论

1.1 研究背景

进入21世纪20年代，在市场对于我国社会整体资源配置起决定性作用的情况下，上市公司理所应当地成为了我国经济发展的核心部分，众多大型上市公司经营情况的好坏往往在一定程度上觉得了国家当年的经济形势和状况。

2020年是一个特殊的年份，突如其来的新冠疫情让很多经济不景气的中小企业经营环境雪上加霜，供应链上下游资金断裂、应收账款无法收回、生产的产品没有市场只能沦为无人问津的存货……等等问题犹如导火索一般引爆了他们所积压的财务压力以及违约风险，许多中小型企业迫于大环境的恶劣无奈选择破产；另一方面，这场对全国经济打击沉重的疫情也使得很多上市公司无端遭受了前所未有的财务风险压力，近半年的经营性现金流量屈指可数，寥寥无几，然很多债台高筑的上市公司，自身生存也成为了问题。

剩余内容已隐藏，请支付后下载全文，论文总字数：25240字