Research On The Impact Of Government Subsidies On The Financial Performance Of New Energy Automobile Companies

In recent years,China’s economy has developed vigorously and the people’s living standards have gradually improved.While achieving phased achievement,environmental issues and resource issues have also surfaced in front of us.People are paying more and more attention to protecting the environment and conserving resources.New energy vehicles have the advantages of energy saving,environmental protection and sustainable development,and have received widespread attention.In recent years,new energy vehicles have developed rapidly and the market has been gradually developed.Nowadays,many different types of energy vehicles can be seen in every streets.In this process,the government’s various subsidy policies have played a very important role.government subsidies can promote the development of new energy vehicles step by step,but in the process,a series of problems have emerged in the industry,such as there is the phenomenon of overcapacity in the new energy automobile industry,"cheats" and so on,which has attracted the attention of many scholars.People have questioned whether the current government subsidy policy has achieved the expected results.The financial performance of an enterprise can comprehensively reflect the operational capability of the enterprise,and the government subsidy can affect the financial performance of the enterprise.Therefore,by studying the financial performance of the enterprise,we can understand how the government subsidy investment acts on the new energy automobile enterprise.What kind of impact on all aspects of business operations,further let us know how effective government subsidies are.First of all,this paper summarizes the government subsidy policy of the new energy auto industry,distinguishes the subsidies,and divides the subsidies into promotion and application subsidies and R&D subsidies.The advantage of this distinction is that we can make it clearer that the government subsidies are specific to the enterprises.The impact makes it easy for us to conduct in-depth analysis,and on this basis,we will review the trends of subsidy policies and understand their mechanisms and effects.Then this paper comprehensively considers the flow of subsidy funds,the business structure of the enterprise,the influence of subsidies and other factors.Finally,Zhengzhou Yutong Bus Co.,Ltd.was selected as the case study object.Firstly,the data envelopment analysis method was used to evaluate the overall finance of Yutong Bus performance,and then in comparison with the industry,trying to find out where Yutong Bus is in the industry,after comprehensive analysis,the specific analysis of Yutong Bus’ s financial performance,from profitability,solvency,operational capacity,growth ability To analyze the specific short-term performance and long-term performance in the analysis process,try to understand whether the short-term impact of government subsidies on the company is related to the long-term impact.Through the analysis,the paper draws the following conclusions.Firstly,thegovernment subsidy contributes to the comprehensive financial performance of the enterprise.From the specific situation,the government subsidy will greatly help the profitability and solvency of Yutong Bus,and it will maintain the growth ability and supporting role,government subsidies are less important for operational capabilities.Moreover,Yutong Bus has shown a certain dependence on government subsidies.With the decline of government subsidies,the financial performance level of enterprises will be greatly affected.This paper discusses the typical enterprises in new energy vehicles industry,so the conclusions have certain representativeness.The conclusions show that there are certain problems in the operation of the enterprise itself,and it also shows that the government subsidy policy itself has certain defects,in the end,I gave some advice to companies and policies.