Research On Financial Performance Of CH Private Listed Companies Based On Fiscal And Tax Subsidies Policy

Since the Third Plenary Session of the 18 th National Congress of the Communist Party of China in 2013,the social status of private listed enterprises has been greatly improved.Private listed enterprises have become an irreplaceable important part of China's national economic system.Developing the private economy vigorously is the concrete embodiment of the economic development path with Chinese characteristics,so the state and local governments at all levels spare no effort to launch and improve the fiscal and tax subsidy policies,so as to support and encourage the improvement of the comprehensive strength of private enterprises.However,whether the financial and tax subsidy policies have achieved the expected results,whether the fund utilization efficiency of private listed enterprises can match their own development speed has not been solved.The state requires that the subsidy amount of governments at all levels in 2018-2020 for some special fields decline year by year.Private listed companies can use limited financial and tax subsidies to improve the long-term financial situation.Therefore,based on the study of the impact of fiscal and tax subsidies on the financial performance of private listed companies,this paper helps private listed companies to use limited fiscal and tax subsidies to enhance their comprehensive competitiveness in the long run.In this paper,CH private listed companies are selected as the research object.On the basis of literature analysis,empirical analysis and case analysis are combined to study the impact of fiscal and tax subsidies on CH Company's financial performance.First of all,this paper introduces the research background and purpose,classifies and analyzes the research results at home and abroad,defines the concept of fiscal and tax subsidy policies and financial performance of private listed companies,and analyzes the inevitable relationship between the two by combining with relevant theories.In order to enhance the scientificity of the conclusion,CH Company is treated with the methods of exclusion and empirical analysis respectively.The financial performance of the current period and the lagged period are studied by the effect of financial and tax subsidies.Finally,combining with the data and related research results,the paper puts forward the bottleneck in the process of using financial and tax subsidies of CH Company,and points out that CH Company can improve the efficiency of using financial,tax subsidies and the legitimacy of the application process in combination with the relevant literature and the development status of CH Company to achieve the long-term financial performance goal of CH Company under the background of declining subsidies.