BYD Financial Performance Research

Corporate financial performance evaluation can reflect the staged business results of the company and has always been the focus of the company.Understanding the financial performance level of an enterprise can help to discover the risks in the business activities of the enterprise.Business leaders and managers can make reasonable plans for the development direction of the enterprise through financial performance evaluation and formulate corporate strategies.The automobile manufacturing industry is an important part of China's industry and an important source of industrial income in China.Selecting the automobile manufacturing industry as the research object of this paper,analyzing the industry,can increase the understanding of the overall management level of the industry,find common problems in the industry and find solutions,reduce the obstacles to the development of enterprises,and improve the automobile manufacturing industry in the international market.The status of the company enhances its competitiveness.Therefore,it is very necessary to carry out evaluation of the financial performance level of China's automobile manufacturing industry.This paper summarizes the research results at home and abroad,learns several financial performance evaluation methods commonly used in practice,analyzes the advantages and disadvantages of various methods,and selects the financial performance scoring method based on the characteristics and research content of this paper.BYD was selected as the case company of this article.By understanding its specific situation in the industry and its performance in various aspects,it discovered the problems reflected by BYD's financial aspects.Based on the Wall method,referring to the performance indicators in the SASAC documents,the improved Wall Marking Way is used to select financial performance evaluation indicators from four aspects,so that the selected indicators are as objective as possible,and the impact of abnormal data on sample analysis is reduced.Through a comprehensive analysis to explore the level of financial performance reflected in the sample.On the basis of industry analysis,BYD conducted a key analysis and found the trend of BYD's various indicators from 2014 to 2018.At the same time,it compared the problems of similar companies and industry averages to analyze BYD's financial performance and made recommendations.This article is divided into six parts:The first part is the research background,purpose and significance of this paper,and the related research results at home and abroad are reviewed,and the research status at home and abroad is reviewed.The second part explains the basic theory of financial performance,and briefly introduces several commonly used financial performance scoring methods and the advantages and disadvantages of various methods.The third part takes BYD as the specific research and analysis object,the automobile manufacturing industry as the research basis,and chooses the Wall score method as the financial performance evaluation method of this paper.The fourth part selects appropriate samples from listed companies,aggregates current research results and State Council documents,and ranks financial performance scores.Focusing on BYD and comparing and analyzing the problems behind financial performance.The fifth part is based on the results of the fourth part of the study,in-depth analysis of other data in BYD's financial statements,identify the main factors affecting its financial performance,and propose development strategies.The sixth part is to summarize the analysis of the previous article,pointing out the common problems in the industry and the next development focus of automobile manufacturing enterprises,pointing out the limitations of this paper.