The Study On The Impact Of Government Subsidies On YT’s Financial Performance

Thanks to a series of subsidy policies issued by the government to support the new energy industry in recent years,China’s new energy vehicle market has expanded rapidly.However,after the government-led market cultivation period,the new energy vehicle industry will gradually become market-oriented,the threshold for subsidies will gradually increase,and the scale of subsidies will also drop significantly.So,whether government subsidies can improve the efficiency of enterprises as expected,how should enterprises adjust their business strategies when the policy changes,such as increasing the threshold of subsidies and decreasing the proportion of subsidies,and effectively use the final stage of subsidies to achieve corporate value improvement The stage should face the difficulty.Therefore,on the one hand,the purpose of this thesis is to understand the effect of government subsidies for new energy vehicle companies in recent years from the perspective of financial performance,and on the other hand,to provide countermeasures and suggestions for companies to respond to changes in subsidy policies.Based on externality theory,financial performance theory and signal transmission theory,this thesis first introduces the domestic and foreign research results on the effectiveness of government subsidies and the effect of government subsidies in the new energy vehicle industry,and analyzes the government subsidies on new energy vehicles based on theoretical basis.Influence mechanism of financial performance.Secondly,based on the flow of subsidy funds,business structure,and the degree of impact of changes in subsidy policies on the company’s performance,YT was selected as a case study object to analyze YT’s operating and financial status and sort out YT from the perspective of the type and scale of subsidies received The status of the company’s government subsidies.The thesis analyzes the impact of government subsidies on YT’s financial performance by analyzing relevant financial indicators and comparing industry data.The study found that government subsidies have a limited role in improving YT’s financial performance.Although YT’s profitability and development capacity have been effectively improved in the short term,this improvement has not continued and the company’s operating capacity and debt repayment ability It has not been improved,indicating that the efficiency of YT’s use of government subsidies needs to be improved.Finally,combining the above conclusions,put forward countermeasures and suggestions.