Research On The Impact Of Government Subsidies On The Performance Of New Energy Vehicle Enterprises

China’s economic boom has also led to a boom in the auto industry.At the same time,the pollution problem of traditional fuel vehicles is becoming more and more urgent,and the energy crisis is becoming more and more serious.In order to solve the hidden dangers of environmental pollution and energy crisis,and to meet the needs of the automotive industry,new energy vehicles came into being.The Chinese government has listed the new energy automobile industry as an emerging strategic industry.The new energy automobile industry is not only a strategic deployment of China’s manufacturing power strategy but also a strategic deployment of promoting green development.While affirming the strategic position of the new energy automobile industry,in order to support the rise of the new energy automobile industry,the state has given the industry huge capital support.Today,China has become the world’s largest producer and seller of new energy vehicles.The new energy automobile industry can have a new look and rapid development,which is closely related to the support and guidance of national policies.These achievements of China’s new energy automobile industry are inseparable from the government’s vigorous promotion.Yutong bus is a large manufacturing enterprise integrating design,manufacture and sales of bus products.Moreover,in the overall industry layout of Yutong bus,new energy vehicles occupy an important position.In recent years,the subsidy policy has been adjusted continuously,and the subsidy amount received by Yutong bus also shows a downward trend.Once the subsidy policy is withdrawn,the new energy automobile industry may still face commercialization difficulties,which is also a major problem that Yutong bus will face.Therefore,this paper should focus on the Yutong bus company which performance with government subsidies on the business,find out the problems according to the influence,and put out some useful Suggestions,to assist Yutong bus company to actively face the adjustment of subsidy policies,long-term stable development.There are six chapters in this paper:The first one is the introduction of the paper.This chapter is divided into five parts:research background and research significance,domestic and foreign literature review on the relationship between government subsidies and government subsidies and performance,research ideas and methods,as well as article framework and innovation points.The second chapter mainly describes the concepts related to this study,including the concept of new energy automobile industry,the concept of government subsidies and some concepts of financial performance;In addition,analyze the theoretical basis related to the article and assist the writing of the article.The third chapter and the fourth chapter are the core contents of this paper,which are elaborated in detail: the third chapter studies the impact of government subsidies on the application of new energy automobile industry data,and analyzes the performance impact of government subsidies on the industry level by using comparative analysis method and t-test statistical analysis method.The result shows that under the industry environment,government subsidies have no significant effect on the debt paying ability and development ability of enterprises,and can slightly improve the sales ability of enterprises,thus improving profitability and operating ability.The fourth chapter is the selection of Yutong bus this industry giant as a typical case to analyze.Specifically,it includes the company situation of Yutong bus and the reason for selecting Yutong bus as the case.Then,it conducts a case analysis on the impact of government subsidies on corporate performance,and analyzes the impact of government subsidies on financial indicators and non-financial indicators of Yutong bus with relevant data.Through the analysis of the case of Yutong,it is found that the government subsidy improves the short-term operating income of Yutong bus,contributes to the short-term profitability,and has a positive relationship with the short-term operating ability.However,the government subsidy has little impact on the solvency and development ability.In addition,government subsidies also affect enterprises R&D expenditure,which is far from enough.And in the process of subsidy,it brings some operational risks to the enterprise.The fifth chapter puts forward Suggestions from the government and enterprise respectively.The last part is the conclusion and prospect of this paper.Summarize the whole paper and point out the limitations of the study.