Research On The Impact Of Government Subsidies On The Financial Performance Of F Company In The New Energy Vehicle Industry

With the global energy shortage,ecological destruction and other problems related to human survival and development becoming increasingly serious,the automobile industry is also actively promoting the transformation and upgrading,making efforts towards the direction of electric,intelligent and shared.At present,energy saving and emission reduction in the vehicle manufacturing industry are the general trend,the new energy generated from this has risen to the strategic planning level of the entire industry.The new energy automobile industry not only shoulders the economic development of the industry,but also undertakes the ecological protection of social responsibility.Because of this,the new energy vehicle industry is considered to be the industry that can best achieve "corner overtaking".But the development is a long way to go,on the one hand,because the new energy automotive industry started late,compared with traditional fuel vehicles,its price is more expensive,such as charging pile supporting facilities is not complete and uneven distribution of geographic,let owner can't convenient use,so consumers are not keen to purchase new energy vehicles.The government's subsidy to automobile enterprises has been paid close attention by enterprise managers,the public and other stakeholders.This paper focuses on how the government's support to enterprises affects the financial performance of new-energy automobile enterprises and what kind of influence it has on the financial performance of enterprises.On the other hand,large subsidies make car companies more dependent on each other.In recent years,there are contradictions between more government subsidy input and inadequate supervision of government subsidy amount,and subsidy fraud incidents occur frequently.There are more and more questions about the effectiveness of government subsidies from the public.How to make a smooth transition from the "subsidy era" to the non-subsidy era will also face challenges such as market expansion and cost-effectiveness improvement of products.Based on the time series,this paper sorts out the policy dynamics and subsidy mechanism of related industries,summarizes the related theories and research results on the relationship between government subsidies and corporate financial performance,and then selects F company as the research object based on the flow of subsidy funds and the scale of subsidies.By excluding the amount of government grants,it analyzes its financial data from2011 to 2018,discusses the impact of subsidies on relevant indicators of current financial performance,and then uses SPSS software modeling to test the relevance and degree of impact of government subsidies and corporate financial performance.Finally,put forward suggestions to improve financial performance,and provide some methods for enterprises to use government subsidies to promote their own development.Through analysis,the paper finds that the efficiency of F company's use of government subsidies does not reach the desired effect,that is,government subsidies cannot effectively improve the company's financial performance.At the same time,the long-term and large amount of financial support from the government only beautifies the financial statements of enterprises,which does not help the long-term financial performance.On the contrary,the beauty of the financial statements conceals the possible risks,which is not conducive to the decision-making of the management and will cause serious losses to the national public property.Therefore,in view of the fact that government subsidies to enterprises are becoming less and less,enterprises should start from themselves,fully understand the market demand,and take innovation ability as the core competitive advantage,so as to deal with the hidden problems affecting the financial performance of enterprises after the decline of government subsidies.