The Impact Of Government Subsidies On Enterprise Performance Of New Energy Car Companies

The new energy automobile industry has developed rapidly in recent years.It has actively responded to the national dream of "overtaking in bends" and achieved phased results.In the process of achieving stage results,the government has given strong support to enterprises in the industry.Government subsidies are important factors influencing the performance of enterprises.The important impact of government subsidy on business performance has been widely concerned by all stakeholders,that is,how government subsidy investment affects the business performance of new energy automobile enterprises and what impact it has on specific aspects of business performance.Firstly,based on the time sequence,this paper combs the theory and research results about the motivation of government subsidies and the impact of government subsidies on business performance.Then it summarizes the government subsidy policy of the new energy automobile industry,and understands the subsidy mechanism of the industry and the dynamic change of the policy.Then,considering the flow of subsidy funds,the influence of government subsidy and the structure of main business,this paper chooses Yangzhou YX Company Limited as the case study object,uses the performance evaluation model to conduct quantitative comprehensive evaluation on the whole,and then combines financial and non-financial tools based on specific evaluation dimensions.Indicators to carry out research on the impact of government subsidies on various aspects of business performance and put forward relevant suggestions for improvement.This paper draws the following conclusions: Government subsidies are conducive to improving business performance;government subsidies are conducive to improving the profitability of enterprises,but long-term government subsidies will lead to serious dependence of enterprises;government subsidies are conducive to improving the solvency of enterprises,but can’t change the capital structure of enterprises,which has limited effect on debt relief of enterprises;government subsidies are conducive to improving the growth ability of enterprises It plays a significant role in consolidating the production and operation efficiency of enterprises;the government has a limited role in promoting the R & D and innovation ability of enterprises,and has not significantly improved the R & D and innovation ability of enterprises.Put forward relevant suggestions: on the government side,track and evaluate the government subsidies to ensure the maximum effectiveness of government subsidies;improve the information disclosure system of government subsidies to improve the transparency of government subsidies;establish supervision departments to strengthen the audit of government subsidies.In terms of enterprises,we should improve operating efficiency,enhance core competitiveness,and strengthen the sense of social responsibility.