本文在对国内外相关研究进行综述的基础上,结合我国房地产市场现状,选取了适用于该研究的60家在深、沪两市上市的房地产公司的财务数据,确定将Z-SCORE模型作为我国房地产上市公司财务风险预警模型。根据选定的Z模型,对60家上市公司2012年的财务险状况进行了计算并排名,并对我国房地产上市公司财务风险预警管理提出了简单的意见。 Based on the review of relevant research at home and abroad, combined with the status quo of China’s real estate market, this paper selects the financial data of 60 real estate companies listed in Shenzhen and Shanghai which are suitable for the study, and determines the Z-SCORE model as our country Real Estate Listed Companies Financial Risk Early Warning Model According to the selected Z model, the financial risk situation of 60 listed companies was calculated and ranked in 2012, and a simple opinion on the financial risk early warning management of listed real estate companies in our country was put forward.