Financial Performance Analysis Of BYD Company Under Stakeholder Theory

Globalization of the economy has made the development of enterprises inseparable from many stakeholders.In the tide of economic globalization,Chinese enterprises are facing the challenges of global competition,balancing the needs of stakeholders and breaking through the performance of enterprises.Therefore,how to meet the needs of various stakeholders and improve the financial performance of enterprises has attracted wide attention.In our country,the support of government policy and policy subsidies have made the new energy automobile industry develop rapidly and the production and sales have increased rapidly.BYD is the leading enterprise in China's automotive industry.With the expansion of the global automotive industry and the increase of automotive enterprises,the pressure of competition in the automotive industry is increasing,and the growth rate of BYD's scale has slowed down.If BYD wants to establish its own brand,expand its influence and go abroad,it is the only way to internationalize.Therefore,how to optimize BYD's industrial structure and improve the company's financial performance level is particularly important.Based on Stakeholder Theory and taking BYD Company as an example,this paper introduces the basic situation of BYD Company,and analyses the current situation of financial performance of BYD Company through debt paying ability,operating ability,profitability and growth ability.Then,based on stakeholder theory,an evaluation system is established,and 12 indicators most relevant to the company's financial performance are selected.Factor analysis is used to synthetically analyze the original data and rank the scores.The impact of different stakeholders on the company's financial performance is studied.The research shows that for BYD,the factors of supplier,shareholder and creditor have a greater impact on the company's financial performance,while the contribution of employees and customers is small,and the contribution of society and government is not obvious.Therefore,based on the above problems,BYD needs to improve the cost management system,strengthen cash flow management,improve accounts receivable management system and upgrade products to improve sales performance,so as to support the better development of the automotive industry,especially the new energy automotive industry.