An Empirical Study on Financial Early Warning of Chinese Petrochemical and Plastic Manufacturing Listed Companies

The petrochemical and plastic manufacturing listed companies were took as the research objects and the Logit model was adopted in the paper, the five years' data before these companies' special treatments were analyzed. Putting the cash flow index and the traditional financial index in the same position, the research has a good effect. Moreover, the accuracy of forecasting doesn't increase as the special treating year approaching, but it has a decreasing tendency in the previous four years.