Research On Corporate Financial Behavior And Economic Consequences Based On Changes In New Energy Subsidy Policies

As the global energy crisis and environmental pollution problems become more serious,the development of new energy has become a global consensus.China's new energy automobile industry began in the early 21 st century.After more than ten years of development,new energy vehicles have achieved certain results in China.At this stage,the development of new energy vehicles cannot be separated from the support of government subsidy policies.As a relatively new industry,new energy auto companies have fierce market competition and need a higher level of technological innovation.Judging from the new energy vehicle subsidy policy promulgated by China,the policy emphasizes the technological innovation of new energy vehicles,with a view to “accelerating the formation of technologies,standards and brands with independent intellectual property rights”.The subsidy policy is constantly improving the requirements for technological innovation,and also the amount of subsidies is gradually declining.In order to survive for a long time,new energy auto companies need to take some measures to cope with the changes of policy,and the behavior of enterprises will also have corresponding economic consequences,which need to be identified and be controlled.This paper takes Shanxi J&R Optimum Energy Co.as the research object,combines theoretical knowledge,and studies corporate behavior and economic consequences based on changes in subsidies policy for new energy vehicles.First of all,this paper sorts out the subsidies policy of new energy vehicles in China in recent years,and sorts out and analyzes the measures taken by J&R Optimum Energy in response to policy changes,according to the changes and key points of subsidy policies.Corporate behavior is divided into investment,financing,innovation and research,production and management.Secondly,analyze the economic consequences of J&R's behavior and change of policies.This part includes analyzing accounting performance,analyzing capital market responses,and analyzing corporate financial risks before and after the change of policy.Finally,based on the analysis results of the previous two parts,this paper proposes the recommendations of the measures that J&R Optimum Energy Co.can respond to its economic consequences and proposes suggestions for subsidy policies..Through the analysis of the case company,this paper finds that J&R Optimum Energy has taken certain measures in investment,financing,innovation and R&D,production and operation.New investment strategies have emerged,financing channels have been expanded,technology investment has been increased,and production and operation strategies have been optimized.Moreover,under the change of the policy environment,these actions of the company will result in changes in the accounting performance of the company,relevant market reactions,and financial risks.Companies should respond to both technological innovation and financial risk control for its sustainable development.Suggestions for the improvement of the subsidy policy include increasing subsidies for technology R&D while strengthening supervision,appropriate subsidies for infrastructure construction,and establishing a sustainable subsidy financing mechanism.