Research On Influencing Factors Of Profitability Of Solar PV Company Based On SEM

With the destruction of the global environment and the outbreak of the energy crisis,the new energy industry has been listed as an important investment field to solve the problems of financial crisis,energy and environmental pollution.The development and utilization of new energy not only effectively alleviate the shortage of traditional energy,but also alleviate the pollution problems such as fog and global warming caused by fossil fuel combustion.As the largest developing country,China is also actively developing and utilizing new energy sources.The solar photovoltaic industry is developing rapidly.It is an important part of the new energy industry.At present,China has the largest solar installed capacity all over the world.Profitability is an important part of the core competitiveness of the enterprise.It studies the factors affecting the profitability of solar photovoltaic enterprises,and puts forward that the strategy of improving the profitability of photovoltaic enterprises is of great significance to the development of the solar photovoltaic industry and the new energy industry.In this paper,the development trend of solar photovoltaic industry in recent years has been analysed.It is found that the power generation capacity of new energy industry in recent years has increased year by year,among them,the development of solar photovoltaic industry is the most rapid,and the industrial chain is relatively complete.On this basis,from three aspects of profit subject,profit resource and profit environment,the internal factors and external environment that may affect the profitability of solar photovoltaic enterprises are theoretically analyzed,and the empirical research index system of the factors affecting the profitability of solar photovoltaic enterprises is constructed,and through the use of solar photovoltaic companies.2012-2016 years of sample data were used to construct structural equation modeling in an empirical way.It is found that ownership concentration and operating capacity are positively correlated with profitability.In terms of profit resources,the scale of enterprises are positively correlated with profitability,Capital structure have a negative correlation with the profitability of solar photovoltaic enterprises.In the profit environment of solar photovoltaic enterprises,the industrial environment has a positive effect on profitability.In view of the research conclusions,five suggestions are put forward to improve the profitability of solar photovoltaic enterprises: The first is to adjust the production scale rationally,the second is to optimize the capital structure of the company,the third is to increase the support of the policy,the fourth is to increase the investment in scientific and technological innovation,and the fifth is to optimize the structure of equity.