Research On The Impact Of PV Enterprise Intangible Assets On Profit Sustainability

At present,although China's national economy has risen to a relatively high level,it is based on the premise of sacrificing the environment.The overall status of the environment is not ideal or even severe.Therefore,in the future,the country should strongly promote the adoption of photovoltaic-based power generation.Renewable energy generation.China has abundant solar energy resources and is pregnant with great potential for development.In the international market demand and the country's good policy background,China's photovoltaic industry has entered a peak period of development,the phenomenon of scale expansion is more significant.However,through further investigation of China's PV companies,we can find that its management level is very weak,there is no specific core technology,and can not be a good control of operating costs,and the system has many loopholes,etc.,so noodles For the fierce market competition,photovoltaic companies must make reflections.Survival and development are the eternal goals of an enterprise.The sustainable development of an enterprise derives from its core competitiveness.Only by possessing strong core technologies and key technologies,and continuously enhancing its own independent innovation level,can companies continuously improve their own competitive advantages.Breaking out of the bottleneck.As a high-tech industry,the photovoltaic industry relies on intangible assets for its core competitiveness.Emphasizing the development and management of intangible assets is a common need for the short-term development and long-term development of photovoltaic companies.This paper selects photovoltaic companies as the research object and strengthens its sustainable profitability as the fundamental starting point.It further explores the mechanism of management and evaluation of intangible assets,and focuses on the intangible assets and sustainable profitability of enterprises,and makes relevant theoretical results.In the discussion,it is proposed that only by focusing on the core competitiveness,companies can achieve long-term profitability,and the core competition mainly depends on the carrier form of intangible assets.The second one also specifically introduced the basic situation of China's photovoltaic industry,analyzed the effects of intangible assets on different parts of the photovoltaic industry's industrial chain according to the industrial chain of the photovoltaic industry,and concluded that intangible assets have a greater effect on the upstream enterprises of the industrial chain..After extensive review and selection,this paper selects four indicators that affect the sustainability of the company's profitability from a number of indicators,thus further constructing an evaluation index system related to sustainable profitability.Afterwards,taking the photovoltaic industry upstream company as a research sample,16 listed PV companies in the upper reaches of the industrial chain were selected.Through the specific screening of financial data from 2012 to 2016,data related to the company's sustainable profitability indicators were obtained.Then make full use of the advantages of the principal component analysis method,further extract the main factors of the evaluation indicators related to sustainable profitability,and based on the extraction results based on the clustering idea of the photovoltaic companies to explore.At the same time,based on the total intangible assets and sustainable profitability,the proportion of intangible assets in the total assets and the sustained profitability,a grey relational model was constructed,and the relevant grey correlation was again calculated.Based on the empirical analysis results,the photovoltaic company was confirmed.The sustainable profitability of the company will be positively correlated with intangible assets.At the end of the article,a specific case study was carried out around Tuoxin Energy and Aer ospace.The reasons for the discrepancy between the development of the two PV companies were pointed out,and some intangible asset management and evaluation suggestions were put forward.Through the research of this paper,China's theoretical achievements in intangible assets will be more abundant,especially if investors and managers make full use of the empirical research results of this article,it will be able to bring more long-term development momentum for photovoltaic companies.