申通地铁财务风险评价——基于现金流管理视角

Financial Risk Assessment of Shentong Metro——Based on the Perspective of Cash Flow Management

与其他企业不同,地铁公司投资回收周期长,对资金尤其是现金的需求量巨大。这就要求地铁公司必须小心防范资金链断裂的情况,妥善运用资金。因此,在对地铁公司这类企业的财务风险进行评价时,要特别关注现金流情况。以上海申通地铁为例,基于现金流管理视角评价其财务风险,对于我国企业尤其是现金需求量大的上市公司防范风险以及相关行业的平稳健康有序发展具有重大意义。

Different from other enterprises,metro has a long investment recovery cycle and a huge demand for capital,especially cash.This requires that metro must be careful to prevent the break of the capital chain and properly use the capital.Therefore,special attention should be paid to the cash flow when evaluating the financial risks of enterprises like metro.Taking Shanghai shentong subway as an example,it is of great significance to evaluate its financial risks from the perspective of cash flow management,for Chinese enterprises,especially listed companies with large cash demand,to prevent risks and for the stable,healthy and orderly development of related industries.