| Abstract | 第3页 |
| Ⅰ. Introduction | 第5-7页 |
| 1.1 Research background | 第5页 |
| 1.2 Research subject and objective | 第5-6页 |
| 1.3 Research methods | 第6-7页 |
| Ⅱ. Related theories and analysis framework | 第7-13页 |
| 2.1 Introduction of enterprise financial risk | 第7-8页 |
| 2.2 Basic methods of financial statement analysis | 第8-9页 |
| 2.3 The framework of financial risk identification based on financial statement analysis | 第9-13页 |
| Ⅲ. The financial risk identification of Gansu Qilianshan Cement Corporation Ltd.based on financial statements analysis | 第13-28页 |
| 3.1 Introduction of the company | 第13页 |
| 3.2 Analysis of solvency and capital structure | 第13-15页 |
| 3.3 Analysis of asset quality and efficiency ratios | 第15-18页 |
| 3.4 Analysis of profitability quality | 第18-22页 |
| 3.5 Analysis of cash flow quality | 第22-24页 |
| 3.6 DuPont analysis | 第24-28页 |
| Ⅳ. Conclusion on Qilianshan Cement's financial risk | 第28-30页 |
| 4.1 Unreasonable financing structure and relatively large solvency risk | 第28页 |
| 4.2 Large inventory proportion and unreasonable inventory structure | 第28-29页 |
| 4.3 High dependency on main business and weak anti-risk ability | 第29页 |
| 4.4 Relatively poor ability of cost control and low cost efficiency | 第29页 |
| 4.5 Relatively healthy cash flow structure but low ratio of cash flow to liability | 第29-30页 |
| Ⅴ. Recommendations | 第30-33页 |
| 5.1 Strengthen debt budget and plan,adjust the debt structure | 第30页 |
| 5.2 Strengthen the cooperation between purchasing,production and selling,improve the efficiency of inventory turnover | 第30-31页 |
| 5.3 Control the cost and expenses in a good way,improve the cost and expenses efficiency | 第31页 |
| 5.4 Strengthen product research and development,improve competitiveness | 第31页 |
| 5.5 Establish a comprehensive financial risk warning system,strengthen internal management | 第31-33页 |
| Ⅵ. Limitation and further research | 第33-34页 |
| 6.1 Limitations of the research | 第33页 |
| 6.2 Further research | 第33-34页 |
| References | 第34-35页 |
| Acknowledgements | 第35页 |
