Liu Xiao, Li Yanhong, Zhang Shengnan
College of Finance and Economics, Wan Jiang University of Technology, Maanshan, China.
Front Public Health. 2024 Dec 20;12:1508389. doi: 10.3389/fpubh.2024.1508389. eCollection 2024.
In this study, the present status of the public health and wellness sector in China is examined. The main objective is to evaluate the financial risk among publicly listed companies in the sector. Despite the significant expansion of the industry, research in this domain remains limited. Moreover, it frequently lacks depth, especially when it comes to financial studies designed especially for publicly traded companies. Current models for assessing corporate financial risk are frequently applied in diverse industries without necessary adjustments. Therefore, this study examines the financial performance and operational health of five publicly listed anonymized companies between 2020 and 2023. Using an efficient methodology that includes reliable data collection and quality assurance, we analyze key performance indicators such as annual revenues, liquidity ratios, and debt-to-equity ratios to assess financial stability and growth potential. Our findings reveal varied revenue trends shaped by external market shocks such as the COVID-19 pandemic. These trends highlight both the resilience of the sector and its vulnerabilities. To evaluate potential financial risks and outliers, the abnormal revenue patterns are also identified using Z-score. Benchmarking is also conducted using industry averages which provides a clearer understanding of competitive positioning. Several suggestions are made in light of the analysis to manage debt, increase liquidity, and leverage digital transformation for long-term growth. Several future directions are also presented to continue research in the domain. Overall, this study offers valuable information for stakeholders navigating the complexities of the public health and wellness industry in China.
在本研究中,对中国公共卫生与健康领域的现状进行了考察。主要目的是评估该领域上市公司的财务风险。尽管该行业有显著扩张,但这一领域的研究仍然有限。此外,研究往往缺乏深度,尤其是在专门针对上市公司的财务研究方面。当前评估企业财务风险的模型经常在不同行业中应用,却没有进行必要的调整。因此,本研究考察了2020年至2023年期间五家匿名上市公司的财务表现和运营健康状况。通过采用包括可靠数据收集和质量保证在内的有效方法,我们分析了诸如年度收入、流动比率和资产负债率等关键绩效指标,以评估财务稳定性和增长潜力。我们的研究结果揭示了受新冠疫情等外部市场冲击影响而形成的不同收入趋势。这些趋势凸显了该领域的韧性及其脆弱性。为了评估潜在的财务风险和异常值,还使用Z分数识别了异常收入模式。同时,利用行业平均水平进行基准分析,以便更清楚地了解竞争定位。根据分析结果提出了若干管理债务、增加流动性以及利用数字转型实现长期增长的建议。还提出了几个未来的研究方向,以继续该领域的研究。总体而言,本研究为在中国公共卫生与健康行业中应对复杂情况的利益相关者提供了有价值的信息。