With the rapid development of electronic information technology, electronic products multiply and its demand is also bigger and bigger. Therefore electronic manufacturing industry has become the sunrise industry. And it has been a leader in industrial development since the 21st century, becoming a new growth point of China’s economy. Based on the financial data from 2009 to 2012 of the listed electronic manufacturing companies, the study adopts Z-score model method to analyze the existed financial risks of China’s flourishing electronic manufacturing and carry out the study of financial risk evaluation. Through using Z-model and the analysis of mass data, the findings are as follows: the financial situation of China’s most electronic manufacturing enterprises is not very good with Z value between 1.81 and 2.675, and the international debt crisis of this industry is still spreading. This study aims to learn the financial situation and development potential of China’s electronic manufacturing industry and warns the relevant enterprises to financial risk prevention.