Research On Financial Performance Evaluation Of New Energy Enterprises

In recent years,with the gradual depletion of non-renewable energy,the transition from traditional energy to clean energy has become the key to the adequacy of energy supply in the future.With the support of our government,there are more and more new energy companies.The development of the country is lagging behind that of the western developed countries.It still needs to be improved and strengthened in terms of policies and regulations,market systems,business management systems and technological levels.In this context,studying the financial performance of new energy companies has a thorough understanding of the current development status of the new energy company.At the same time,it is not only conducive to improving the technology level and management level of new energy companies,also beneficial for the government to formulate a policy framework and goals suitable for the long-term development of new energy companies,and it will further improve the market system.In order to study the financial performance of new energy companies,This paper adopts a case analysis method and selects a representative listed company,Zhonghuan Stock,as an example to conduct financial performance evaluation research.Firstly,follow the principle of index selection and based on the "four major" capabilities and the "low energy consumption and zero pollution" characteristics of new energy companies,this article establishes a financial performance evaluation index system with 5 first-level indicators(debt paying ability,profitability,operating ability,growth ability,green technological innovation ability)and 16 second-level indicators as the core.Secondly,this article uses Zhonghuan Stock as an example to apply the financial performance indicator system,and makes a vertical comparison of Central Shares from 2014 to 2018,and analyzes the development status and existing problems of the company in recent years;At the same time,this paper uses a factor analysis mathematical model to conduct a horizontal analysis of the index data of 28 listed new energy companies in 2014-2018,and obtains the central share factor and comprehensive factor scores and rankings in each year.Based on the factor ranking and horizontal and vertical comparative analysis,a comprehensive and objective evaluation of the financial performance of Zhonghuan Stock was made.The following problems exist in the financial performance of Zhonghuan Stock: First,the cost control management ability is low;second,the product innovation and R&D ability is low;third,the capital structure has yet to be adjusted,and the operating capacity needs to be strengthened;fourth,the risk response ability is poor.Finally,according to the financial performance evaluation results of China Central Zhonghuan Stock the following suggestions to improve financial performance: First,reduce period expenses and product costs;second,strengthen R&D infrastructure;third,strengthenequity financing and capital recovery;fourth,establish a financial risk early warning mechanism.Through the case study and performance evaluation analysis,this paper draws the conclusion that the financial performance of Zhonghuan Stock is at a medium level in the its industry,and proposes countermeasures and suggestions for the problems of financial performance of Zhonghuan Stock.Hope to provide reference for the subsequent development of Zhonghuan Stock and the development of other enterprises.