Research On The Impact Of Government Subsidies On The Performance Of YX New Energy Automobile Company

Thanks to a series of subsidy policies introduced by the government in recent years to support the new energy industry,our new energy vehicle market has expanded rapidly.However,after a government-led market cultivation period,the new energy vehicle industry will gradually become market-oriented,the subsidy threshold will be gradually raised,and the subsidy scale will be significantly reduced.Therefore,whether government subsidies can improve enterprise benefits as expected,how enterprises should adjust their business strategies when facing the policy change of increasing subsidy threshold and decreasing subsidy ratio,and effectively utilize the final stage of subsidies to realize the improvement of enterprise value are all problems enterprises should face at the present stage.Therefore,on the one hand,this paper aims to understand the effect of government subsidies for new energy vehicle enterprises in recent years from the perspective of financial performance,and on the other hand,to put forward countermeasures and suggestions for enterprises to cope with changes in subsidy policies.Based on time series,this paper sorted out the policy dynamics and subsidy mechanism of relevant industries,summarized the relevant theories and research results on the relationship between government subsidies and corporate financial performance,and then selected YX Company as the research object in combination with the flow of subsidy funds,subsidy scale and other factors.By excluding the amount of government subsidies,this paper analyzes the financial data from 2014 to 2021,discusses the impact of subsidies on the relevant indicators of financial performance of the current period,and then uses SPSS software to model and test the correlation and influence degree between government subsidies and corporate financial performance,and finally puts forward relevant suggestions to improve financial performance.It provides some methods for enterprises to make reasonable use of government subsidies and promote their own development.By analyzing relevant financial indicators and comparing industry data,this thesis analyzed the impact of government subsidies on YX’s financial performance.Through the analysis of the financial performance of YX Company,the following conclusions are finally drawn: The research finds that YX company’s application efficiency of the government subsidy fund does not achieve the expected effect,that is,the government subsidy cannot effectively improve the company’s financial performance;At the same time,the government’s long-term and large financial support only beautify the financial statements of enterprises,which is not helpful to the long-term financial performance.On the contrary,the appearance of financial statements covers up the possible risks itself,which is not conducive to the decision-making of the management and will cause serious losses of the national public property.The financial performance of new energy vehicles largely depends on the preferential treatment given by government subsidies.Therefore,based on the situation that government subsidies to enterprises are becoming less and less,enterprises should start from themselves,fully understand the market demand,take innovation ability as the core competitive advantage,to deal with the hidden problems affecting the financial performance of enterprises after the decline of government subsidies.