Research On Investment Value Of New Energy Bus Listing Company

As one of the strategic emerging industries of "made in China 2025",the development of new energy vehicles can effectively alleviate the problems of pollution and energy shortage,and further promote to the economy of greening and lowing-carbon transformation.In recent years,with the continuous improvement of the level of urbanization in China,the sales volume of passenger cars continues to rise.The traditional fuel oil models are gradually replaced by new energy passenger cars.In addition,the continuous upgrading of a series of national policies and subsidies,the new energy passenger car market fell into an unprecedented "upsurge" of car purchase in 2015-2016,accompanied by "local protectionism","deception",the emergence of "compensation" and rent-seeking behavior also makes the market environment turbid,which directly leads to the choice of self-interest game behavior of new energy bus enterprises.At the beginning of 2017,the state readjusted the relevant fiscal and tax subsidy policies,and the impact on the operation and development of new energy bus enterprises became the focus of public attention.At present,China's new energy bus industry adjustment is in the key period of policy leading to market and technology innovation.We should support to operate and develop of high-quality enterprises in the industry and play to the guiding role of innovation and R & D,so as to further achieve the independent upgrading of technology leading enterprises and create a fair competition market environment.The investment value of enterprises is closely related to the interests of investors.Therefore,since the state introduced the "recession" mechanism of financial subsidies in 2017,the development of new energy bus enterprises has attracted extensive attention of investors,and has also become the key point of this study.First of all,the macro environment of new energy bus industry is studied by PEST analysis and Porter's five forces model.The results show that fiscal and tax policies and enterprise R & D have a significant impact on enterprise development.Secondly,in order to further elaborate the impact of fiscal and tax policies on the operation and development of new energy bus enterprises,this paper uses panel data regression model to explore the financial subsidies and tax preferences on Enterprise R & D investment Finally,starting from the micro level,Yutong Company is selected as the research object,combined with the particularity of the development of new energy bus industry,a comprehensive evaluation system of investment value is constructed from the financial and tax environment indicators,R&D investment indicators and financial indicators,and the ARIMA & FAM model is further constructed to analyze and predict the investment value for the new energy bus industry Investors of energy bus enterprises shall provide decision-making basis and suggestions.