The Impact Of COVID-19 On The Financial Performance Of Listed Companies In China’s Land Transport Industry

Transportation is an indispensable and important industry for every country.In the transportation industry,also contains a number of secondary industry branches,such as:land transportation,water transportation,air transportation and so on.Against the backdrop of COVID-19 in China and around the world,the foundations of various industries have been shaken to a certain extent.Among them,the impact on the transport industry is unimaginable.Because its main use of a variety of tools and equipment,to achieve the transfer of passengers and cargo space position.In the context of the COVID-19 pandemic,according to relevant national policies,the number of passengers has greatly decreased,and the control of cargo transportation has become increasingly strict.In the current environment,where humans may have to coexist with COVID-19 for a long time,the operating conditions and future development trends of listed companies in the transportation industry are a topic worth discussing.Among the above modes of transportation,land transportation is superior to water transportation in terms of time cost,and far superior to air transportation in terms of financial cost.Therefore,this thesis mainly studies the financial performance of listed companies in China’s land transport industry under the background of COVID-19.Conducting such studies can not only provide investors with a reference for their investment path,but also provide the management of listed companies with new directions and new ideas for corporate development in the context of COVID-19.This thesis makes an in-depth analysis of the financial performance changes of listed companies in China’s land transport industry under the background of COVID-19.Most of the companies studied have seen their overall financial performance decline compared to pre-COVID-19 levels.According to the industry classification results provided by the official website of China Securities Regulatory Commission,41 listed enterprises in China’s land transport industry are selected to make a statement and analysis of the basic situation,including but not limited to: basic information sorting,regional analysis,operating status evaluation,etc.This is partly to demonstrate that COVID-19 has had an impact on financial performance.After that,factor analysis method is adopted,and further analysis is carried out according to the established financial performance evaluation model of listed enterprises in China’s land transport industry,including but not limited to: selecting data,determining factors,and obtaining factor scores.After the analysis,it is found that the main reason affecting financial performance is the decline of enterprise’s development ability,operation ability and profitability.The final conclusion is that the overall financial performance of most companies is worse than pre-COVID-19.Based on the overall analysis results,some specific suggestions are put forward for the financial performance improvement of listed companies in China’s land transport industry under the background of COVID-19.