Analysis The Financial Performance Of The New Energy Vehicle Enterprises With Government Subsidies

Currently,China is facing great pressure,one from the lack of international energy resources,another is the worsening ecological environment,in this context,China's economy in urgent need of transition from growth stage to high quality development stage,so the development of new energy vehicles industry is particularly important,it has become one of China's strategic emerging industries.Since 2009,China has issued a series of subsidy policies to support the emerging industry of new energy vehicles.At the beginning of this paper,the government has collected the statistical data of government subsidies for new energy automobile industry in the past five years,and analyzed the trend of the financial performance of new energy automobile companies after receiving government subsidies,and we found that government subsidies play a role in promoting the development of new energy automobile enterprises.With the increase of government subsidies,the net profit and cash flow of new energy automobile enterprises also change and increase,which reflects that government subsidies can improve the financial performance of enterprises in a short term.A large amount of government subsidies may not have a positive impact on the financial performance of enterprises,but may lead to the phenomenon of false reporting.This paper choose the chang'an automobile company as a case,with its 2013-2017,analyzes the enterprise data,through careful analysis of chang'an automobile company scale and way of government subsidies,financial performance of chang'an automobile company's net profit,cash flow,profit ability,debt paying ability,operation ability and development capacity in the current increased.However,it is reflected from the side that government subsidies only temporarily improve the financial performance of enterprises,which does not substantially promote the improvement of the financial performance of enterprises,otherwise it will cover the actual financial situation of enterprises,thus the company enterprises ignore their own problems.From the perspective of finance,this study discusses the influence of the government on the financial performance of new energy automobile enterprises,reveals the existing problems,and further proposes solutions.Moreover,government subsidies can guide the rational and healthy development of social public resources and accelerate the adjustment of industrialstructure,which is very necessary to study the impact of enterprise financial performance.This paper takes chang'an automobile company as the object of case analysis,and USES case analysis method and comparative analysis method to analyze the impact of government subsidies on corporate financial performance,so as to explore the impact of government subsidies on the financial performance of chang'an automobile company,the representative of new energy automobile industry.The research in this paper is helpful for people to understand the relationship between corporate financial performance and government subsidies,and It is of great practical significance for the government to improve the government subsidy policy in the future and for the listed companies in the new energy industry to rationally use the government subsidy.