摘要:現金流是企業的生存之本，任何企業的生存發展都要依賴于企業的現金流。現金流是決定企業價值創造的關鍵因素，現金流量可以克服傳統利潤指標的局限性，以現金流量為核心的財務管理模式更有利于把握企業經營活動及公司價值鏈的實際運作狀況。然而我國的許多企業對于企業現金流管理重視程度不夠，而且缺少行之有效的管理方法。企業要想長期穩定發展下去，需要加強其現金流量管理，增強其抗擊風險的能力。

　　　本文首先介紹了現金流量的概念、目標以及現金流量管理與企業財務風險和可持續發展的關系。其次對永安藥業公司現金流量管理現狀，運用結構比率法、比較分析法和比率分析法方法進行結構分析、償債能力分析和盈利質量分析，剖析現金流量管理存在的問題，同時提出提高現金流量管理水平的對策，以促進企業的健康發展。

關鍵詞 現金流；可持續發展；償債能力；盈利質量

Abstract:Cash flow is the survival of the enterprise, any enterprise's survival and development depends on the company's cash flow. The cash flow is to determine the key factors of corporate value creation, cash flow can overcome the limitations of traditional profit targets, cash flow for the core financial management mode is more conducive to grasp the actual operation of the business activities and corporate value chain. However, many of our enterprise business cash flow management emphasis on not go far enough, and the lack of effective management methods. In order to long-term and stable development continues, the need to strengthen its cash flow management, and enhance its ability to fight against risk.

     This paper first introduces the concept of cash flow, target, and cash flow management and corporate financial risk and sustainable development. Followed by the status of the Yong an Pharmaceutical Company cash flow management, the use of the the structure ratio method, comparative analysis method and ratio analysis methods for structural analysis, solvency analysis and earnings quality analysis, analysis of the existing problems of cash flow management, and at the same time proposed to increase the cash flow management level measures to promote the healthy development of enterprises.

Keywords  cash flow  sustainable development  solvency   quality of earnings