Research On Financial Performance Of New Energy Automobile Companies Based On EVA

China's current economy has entered a new stage of development,and its development speed has entered a stable stage.In recent years,environmental issues have received more and more attention.In 2016,China's crude oil imports accounted for 65.4% of China's crude oil demand.In 2017,China became the world's largest crude oil importer.As the automobile industry consumes a lot of oil,the development of new energy is increasingly important to China and has a strong strategic significance for China's economic development.The traditional automobile industry has been developed for many years and the production technology of the foreign automobile industry is very mature.In the era of new energy vehicles,China has ushered in a new development opportunity.Through independent research and development,it may have a place in the field of new energy vehicles in the world..Therefore,it is of great practical significance to study the performance of new energy auto companies.In recent years,China has vigorously supported the new energy automobile industry.The cash subsidy ranks fourth in the world,and the research and development costs of various companies in the industry continue to increase.In terms of the investment efficiency of the evaluated enterprises,the performance appraisal method based on economic value added(EVA)is the most applicable.It considers the cost of equity of shareholders and the after-tax debt cost of creditors,and is an important indicator to measure the efficiency of input and output.China's central enterprises have fully adopted the performance appraisal of EVA.Based on this,this paper applies EVA performance appraisal to the new energy auto industry supported by China.This paper first introduces the background and significance of the research on the new energy automobile industry,and then combs the classic theory of financial performance at home and abroad,then presents the important viewpoints of domestic and foreign scholars on EVA theory and application,analyzes and evaluates the advantages and disadvantages of different financial performance assessment methods and applicability.Finally,BYD is used as a case study object,combined with thedevelopment background and current situation of the new energy automobile industry,using EVA performance appraisal combined with traditional financial indicators to apply EVA to China's new energy auto industry to explore EVA in the new energy auto industry.Applicability.Comparing the calculation results of EVA with the calculation results of traditional indicators,and then making a horizontal comparison between BYD and other companies in the new energy automobile industry,it aims to more realistically reflect BYD's operation and financial status.