Reserch On The Impact Of Green Technology Innovation On The Financial Performance Of Huayi Group

As China continues to achieve new economic breakthroughs,the environmental and resource problems faced by China are becoming more and more serious,and the government constantly advocates the development of green economy and the pursuit of energy saving and emission reduction.The chemical industry is one of the highly polluting industries that the state focuses on,and the state has clearly put forward the substantial requirement of developing green chemical industry.Chemical enterprises need to continuously innovate technology and move closer to green development,and green technology innovation is the inevitable way for them to achieve green development.Therefore,this paper takes a typical chemical enterprise Huayi Group as an example to analyze its green technology innovation behavior and study its impact on financial performance,so as to facilitate the enterprises to adjust their strategies in the process of implementing green technology innovation in a timely manner,and also provide reference for other enterprises.Firstly,this paper combs and analyzes the relevant literature and theories,and constructs the theoretical framework of this paper;Secondly,it analyzes the motivation and development of green technology innovation in Huayi Group;Then,the quantitative analysis method is used to select indicators to quantitatively analyze the input and output of green technology innovation,sort out the influence path of green technology innovation on financial performance,and on this basis,explore its impact on various aspects of financial indicators,and compare with the corresponding indicators of Sinochem International;Finally,using the idea of factor analysis,this paper transforms various financial indicators into comprehensive financial performance,explores the impact of green technology innovation on comprehensive financial performance,and complements and perfects the previous conclusions.Four conclusions are drawn from the study of Huayi Group.First,the green technology innovation of the enterprise will be influenced by various internal and external aspects;second,the impact of Huayi Group’s green technology innovation on each financial capacity is different,which will positively affect profitability,development capacity and operating capacity,but negatively affect solvency to a certain extent;third,there is a positive relationship between Huayi Group’s R＆D and environmental protection investment and comprehensive financial Third,there is a positive correlation between the investment in R＆D and environmental protection and the comprehensive financial performance of Huayi Group;fourth,there is a consistent trend between the number of green patent applications and the comprehensive financial performance of Huayi Group,and there is a lag in the green patent applications of the enterprise.Finally,according to the research conclusions,this paper puts forward suggestions for Huayi Group to increase resource investment,continuously promote the development of green technology innovation and improve the awareness of green patent application.In addition,it also puts forward relevant suggestions for promoting the development of green technology innovation in China’s chemical industry,such as the government to strengthen environmental regulation and provide enterprises with certain subsidies for green technology innovation,I hope it can provide reference for the green development of China’s chemical industry.