摘要在很多的国家和地区，房地产行业都是社会经济结构中的领头行业，房地产在我国的改革开放经济发展中慢慢的确定了它的霸主地位，作为支柱性的企业，房地产为我国的GDP的稳步增长提供了保障。然而，房地产企业投资资金密集以及投资的高成本性，负债占总资产比重较大，项目周期长致使回收资金的时间久由于作为资金密集型易受国家宏观调控影响，纵向产业链巨大，所以导致财务风险很难把控；同时，因为是国家经济的支柱，所以国家的相关政策也会很严格，宏观的经济政策也是导致房地产企业风险高的一重要因素。万科集团是中国房地产行业的中坚力量，作为全国性的房地产企业，企业的财务风险问题也会比较复杂多样。本文以万科为例，可以较为全面的分析房地产企业的财务风险问题。本文划分成四个部分，第一部分主要讲述是国内外前人研究成果的回顾；第二部分为财务风险概论以及涉及了我国房地产企业财务风险现状及；第三部分为万科集团财务指标与风险分析；第四部分是万科财务风险问题防范措施。全文主要运用了指标分析法，通过企业的数据指标分析得出近几年来万科资产规模、收入规模、盈利能力等多方面的指标都有稳步增长，集团的有可靠的现金流支撑业绩扎实，负债率较低，财务风险相较不大。但万科依然需要从一些地方进行修改和完善，努力稳步提升，保持行业领先地位。关键词：房地产企业财务风险风险评估ABSTRACTInmanycountriesandregions,therealestateindustryisaleadingindustry,inthesocialandeconomicstructureofrealestateinourcountry'sreformandopeningupandeconomicdevelopmentintheslowlydetermineitsdominance,asitsmainstayenterprise,realestatehasprovidedthesafeguardforourcountrythesteadygrowthofGDP.However,therealestateenterpriseinvestmentcapitalintensiveandhigh-costnature,debttototalassetsisbigger,longprojectcyclethatmoneybackovertime,asthecapitalintensiveeasilyaffectedbythenationalmacroeconomicregulationandcontrol,verticalindustrychainishuge,soit'sdifficulttoleadtofinancialriskcontrol;Atthesametime,becauseitisthepillarofthenationaleconomy,therelevantpoliciesofthecountrywillbeverystrict,andthemacro-economicpolicyisalsoanimportantfactorleadingtothehighriskofrealestateenterprises.VankegroupisthebackboneofChina'srealestateindustry.Asanationalrealestateenterprise,thefinancialrisksoftheenterprisewillbecomplexanddiversified.Takingvankeasanexample,thispapercancomprehensivelyanalyzethefinancialrisksofrealestateenterprises.Thispaperisdividedintofourparts.Thefirstpartmainlydescribesthereviewofpreviousresearchresultsathomeandabroad.ThesecondpartistheintroductionoffinancialriskandthecurrentsituationoffinancialriskofChineserealestateenterprises.Thethirdpartisthefinancialindexandriskanalysisofvankegroup.Thefourthpartisvanke'sfinancialriskpreventionmeasures.ThefulltextmainlyUSEStheindexanalysis,throughtheenterprisedataindexanalysisinrecentyears,Chinavankeassetscale,incomescale,profitabilityindicatorshavegrownsteadily,grouphasareliablecashflowtosupporttheperformanceofsolid,debtratioislow,incontrastwithfinancialriskisnotbig.However,vankestillneedstomodifyandimprovefromsomeplacesandmakesteadyeffortstoupgradeandmaintaintheleadingpositionintheindustry.Keywords:realestateenterprisesfinancialriskriskassessment目录摘要..............................................................................................................1ABSTRACT.....................................................................................................2前言..............................................................................................................4第1章企业财务风险管理国内外综述研究......................
