Research On Financial Performance Evaluation Of Automobile Manufacturing Industry Of Listed Company

Automobile manufacturing plays a pivotal role in our national economy.With the domestic and international auto market become wider,China's automobile manufacturing industry has been expanding.Vehicle production and sale volume ranks first around the world for seven years.Foreign companies enter China and non-automobile manufacturing enterprises have to get involved in the production of new energy vehicles,which makes automobile manufacturing industry more competitive.Financial performance evaluation system has long been concerned by experts,scholars,business managers and external stakeholders.Financial performance evaluation system can show the disadvantages of the enterprise in the process of management.Managers can formulate the enterprise development decision and risk precautions.Therefore,it is necessary to carry out the evaluation of the financial performance level of China's automobile manufacturing industry.By analyzing the financial performance of automobile manufacturing enterprises,it can help to understand the overall management level of the automobile industry,and understand the performance of different dimensions of financial performance evaluation clearly.Summarize their advantages and short boards,laying the foundation for the future development plan of enterprises.So that enterprises in the competition to occupy a favorable position.Based on the theory of financial performance,this paper reviews the classical theory and frontier development of financial performance evaluation,and analyzes the applicability of different financial performance evaluation methods.By using BYD as a case,summarizes the background and competitive situation of automobile manufacturing industry.The application of financial performance evaluation method to select the appropriate evaluation method;select the automobile manufacturing industry twenty-one vehicle manufacturing enterprises as sample sources,focusing on analysis of the industry in the performance evaluation of the four dimensions of performance.Comprehensive analysis of China's automobile manufacturing industry as a whole Level,due to BYD profits in successive years and analysis its five years financial data for more in-depth trend.After that conduct corresponding solutions,and make a summary of the automobile manufacturing industry financial performance level and the future development direction.