Research On Financial Risk Of Zhong Tong Bus Based On Z-score Model Under The Background Of Subsidy Decline

In recent years,due to the increasing impact of pollution on the surrounding environment,the excessive use of traditional resources,and various environmental protection measures vigorously promoted by the State,the use and demand of renewable resources in the whole society has been increasing.Because renewable energy can fundamentally change the traditional way of energy production and consumption,and there is hope to better solve energy security problems,it is imperative to develop renewable energy.Also at this time,as an emerging industry-new energy vehicles gradually came into our sight.Although the global sales volume of new energy vehicles in China has increased to 13.4%,at the same time of the rapid development of new energy vehicles in China,there are also problems such as high investment in research and development costs,long research and development cycle and lagging behind the world advanced level in science and technology,as well as problems such as shortage of major chips and downgrade of government subsidies,which make the new energy vehicle industry face great challenges and urgent need for further research and analysis.The whole industry chain of NEV can be divided into three parts: upstream is the raw material of battery equipment,upstream is the service of battery and motor,downstream is the service of manufacturing and charging post.In this paper,the automobile manufacturing industry is analyzed based on the automobile production.Firstly,this paper expounds the related concepts of new energy vehicles,subsidy downgrade,financial risks,crisis management and other related theories,laying a theoretical foundation for later research.Secondly,this paper selects Zhong Tong Bus as the research object,analyzes the financial status of Zhong Tong Bus by using index analysis,financial statement analysis and comparative analysis.Through the analysis of financing,investment and operation,it is found that the financing mode of Zhong Tong Bus is single,which increases the financing risk,generates negative income and increases the investment risk.Finally,according to the causes of the financial risk of Zhong Tong Bus,this paper puts forward some measures to improve the risk,such as strengthening market development,making full use of national policies,creating diversified profits,strengthening the benefit analysis of investment projects and strengthening the management of accounts receivable.It provides effective reference for new energy automobile enterprises in the future.