Abstract
While the film and television industries are rapidly expanding, the industry's financial risks are also increasing. Mergers and acquisitions of shell capital are common, star shareholders are on the rise, stock pledges are in trouble, company stock prices are falling, and tax evasion and avoidance issues are having a negative impact. The current financial risks that the film and television industries face necessitate the development of new development paths and operating methods. The case study object in this paper is A Pictures. First, we examine the current state of corporate financial risk research, the impact of the big data era on corporate financial risk research, and the current state of research on financial risk early warning models by scouring the literature. Second, we identify A Pictures' investment, financing, cash flow, and operational risks. This paper concludes that A Film has some financial issues, including weak short-term solvency, unreasonable capital structure, imprudent investment, excessive reliance on subsidiaries, low inventory turnover, high lousy debt rate, and fluctuating cash flow, based on the analysis. Based on the above analysis, this paper makes recommendations for A Pictures to broaden financing channels, realize diversified financing, strengthen investment project review, conduct scientific project evaluation, strictly control project contents, improve the enterprise's credit review system, and improve the enterprise's financial risk prevention and control system, among other things.
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