Study On The Evaluation Of The Profitability Of China’s The Listed Company Of New Energy Vehicles

New energy vehicles are the future development direction of the world automobile industry,and also a strategic choice for the transformation of China’s automobile industry.The profitability of new energy auto companies reflects the future development potential of China’s new energy auto industry.Therefore,it is important to systematically study the profitability of new energy auto companies and analyze the profit potential of new energy auto companies.This paper selects 18 listed new energy auto companies as research objects and reviews the domestic and international research status of new energy vehicles and enterprises’ profitability.Nine indicators are selected from the three dimensions of quantity,growth and cash ability to a set of research on the profitability evaluation system of new energy auto companies.Through the factor analysis method,the gray correlation method and the TOPSIS analysis method,the profitability of 18 new energy vehicle listed companies was comprehensively evaluated.This paper takes government subsidies into account and uses the elimination method to analyze the real profitability of new energy auto companies.On this basis,the trend forecasting method is used to analyze the future profit potential of enterprises.Through research,it is concluded that the profitability,growth and cash ability of listed new energy companies are uneven,quantitative fluctuations are large,growth and cash ability are relatively stable,and dependence on government subsidies is large.In the future,their profitability is not optimistic with declining government subsidy.The following suggestions are given:(1)Government level: flexible formulation of subsidy policies;improvement of subsidy supervision system.(2)Enterprise level: increase the quantitative quantity of profits;balance the quantitative and cash-out of profits;and improve technological innovation.