Liu Wen (Ningxia Zhongxin Crystal Round Semiconductor Technology Co., Ltd., Yinchuan, Ningxia 750021) Abstract: The manufacturing industry plays a vital role in economic development, and its financial liquidity risk has profound impacts on business operations. In terms of capital turnover, extended accounts receivable collection cycles and inventory backlogs hinder cash flow; in debt repayment, high short-term liabilities and irrational long-term debt structures pose risks; in funding sources, over-reliance on external financing and insufficient internal capital accumulation create hidden dangers. Liquidity risks not only affect operational stability, leading to production disruptions and supply chain imbalances, but also reduce profitability, erode profit margins, limit growth prospects, and hinder expansion and innovation. Therefore, this paper proposes management strategies including optimizing capital turnover processes, rationalizing debt structures, and diversifying funding channels, supported by organizational improvements, talent/technology infrastructure, and corporate culture/communication coordination, to enhance liquidity risk management capabilities and promote sustainable development. Keywords: Manufacturing industry; Liquidity risk; Financial risk; Management strategies