Study On The Asset Structure Influence On Enterprise Performance Of Listed Companies In New Energy Industry

Assets is the survival and development of enterprise,the basis of assets structure onbehalf of the use of enterprise resources, to the enterprise business performance, often canproduce direct role. Reasonable and effective asset structure can not only make the enterpriseto obtain the biggest benefit, but also the fundamental of business for good. New energyindustry is the national focus on the development of industry in the "twelfth five-year" plan,in the research on the influence factors of its business performance, the study of the theoryand practice is less, the study of assets structure whether to affect business performance isalmost blank, so this paper tries to explore the new energy industry listed company assetstructure on the influence degree of the business performance, demonstrates the assetsstructure of reasonable and effective to improve the feasibility of enterprise operationperformance, and optimize the assets structure of listed companies for new energy industry,improve business performance provide relevant advice.Based on the above purpose, this article has carried on the following work: firstly, selectthe47new energy industry listed companies in2009-2013financial data for analysis. In theselection of index, according to the first asset internal composition, selection of therepresentative of the fixed assets ratio, current assets proportion, intangible assets ratiosreflect the enterprise assets structure, and especially inventory assets accounted for by ratiosto explain the new energy industry in recent years, the prevalence of inventory backlog on itsbusiness performance; And then uses the principal components analysis method from11performance indicators to extract the comprehensive performance index to reflect the businessperformance of listed companies of new energy industry. According to the selection ofindicators, assets structure and business performance indicators for regression analysis, tostudy the influence of different assets operating performance ratio.By combining the norms and empirical analysis method, this paper make the followingconclusions: asset structure can impact on business performance of China’s new energyindustry listed company, and the influence of different assets structure on the operatingperformance of different levels, among them, the proportion of fixed assets related to business performance; Current assets proportion related to business performance; Inventory assetsproportion related to business performance; Intangible assets accounted for related to businessperformance. At the end of the paper according to the current situation of the development ofnew energy industry and the empirical conclusions from the aspects of performance of listedcompanies to improve the new energy industry, improve enterprise comprehensive strengthput forward their own Suggestions.