Analysis Of The Impact Of Government Subsidies On The Performance Of New Energy Automobile Enterprises

As the word "PM2.5"" enters people's life in recent years,the public pays more and more attention to air quality,and China's air quality has become the focus of global attention.Especially since the 18 th National Congress of the Party,building a beautiful China and striving for the sustainable development of resource-saving and environment-friendly make the status of new energy industry more clear and important.At present,new energy vehicles play an important role in the new energy industry.In the early stage of R & D of new energy vehicles,enterprises need a lot of capital investment,and after the product is launched,they face the problems of marketing difficulties and insufficient supporting facilities such as charging piles,etc.restricting the healthy and rapid development of the new energy automobile industry.In recent years,the state has invested hundreds of billions of subsidies to the new energy automobile industry,and how these subsidies have affected the development of the new energy automobile industry and enterprises is worth our reflection and study.Therefore,this paper analyzes and studies the impact of government subsidies on the performance of new energy automobile enterprises,in order to put forward reasonable suggestions for the development of new energy automobile industry.This paper distinguishes between financial performance and non-financial performance in the study of the effect of government subsidy on the performance of new energy automobile enterprises.The industry research mainly uses the new energy automobile industry panel data,empirically analyzes the government subsidy to the enterprise financial performance and the innovation performance,compares the traditional automobile related data to analyze the government subsidy to the new energy automobile sales volume,the market share influence.Case studies mainly compare and analyze the financial data of case enterprises —— BYD in recent years,and compare the influence of government subsidies on various financial and non-financial indicators of enterprises.The main conclusions are as follows: first,government subsidies can have a certain impact on the financial performance and non-financial performance of new energy automobile enterprises.Second,the non-reimbursable subsidy injectionenterprises directly improve BYD's profit and cash flow in terms of financial performance.Government subsidies also have a certain positive impact on BYD's profitability,solvency,development ability and enterprise size,but fail to have a significant positive impact on BYD's operating capacity.Third,in terms of non-financial performance,government subsidies have a significant positive impact on BYD's innovation performance,and have a significant increase in its new energy vehicle sales and market share.Finally,the relevant suggestions are put forward from the perspective of enterprise and government.