Research On Financial Capability Of Listed Photovoltaic Power Companies Based On DEA

The global energy crisis has led to the rapid growth of the photovoltaic industry.Based on the technological progress and relevant national support policies,China’s photovoltaic industry has developed rapidly.In spite of the good development situation,in the face of continuous changes in the national and foreign environment,many listed generation companies Photovoltaic energy in China face the dilemma of lower income and higher costs.It brings enormous challenges for the development of the company.The reason is that the low performance of the company’s internal financial capacity is the most important problem that restricts the development of photovoltaic power generation companies.Financial capacity is an important carrier of a company’s capacity,and its analysis and research can provide an important reference to further improve the company’s overall competitiveness.Therefore,since the improvement of the company’s strength or the development of the photovoltaic power generation industry,the study of the evaluation of financial capacity is essential,it is necessary to reasonably coordinate financial resources,adjust financial activities and cultivate the financial capacity of the company.This article studies the comprehensive analysis and evaluation of the financial capabilities of the photovoltaic power generation companies listed,understands the importance of financial capabilities in the development of the company.First,starting from the theoretical basis,elaborating the relevant theory of photovoltaic power generation,defining the scope of the photovoltaic power generation company;discussing the meaning of financial capability and the important role for the company’s development,comparing the advantages and disadvantages of various evaluation methods,and discussing basic theory of factor analysis,DEA model and cluster analysis.Secondly,in the context of sorting out the historical overview of China’s photovoltaic power generation industry and listed photovoltaic power generation companies,the financial capacity status of China’s listed photovoltaic power generation companies is analyzed from four aspects:debt solvency,operating capacity,profitability and development capacity,financial issues are discussed from both macro and micro aspects.Thirdly,combined with three more mature analysis methods of factor analysis,DEA model and cluster analysis,they are applied to the evaluation of financial capacity of listed companies,and an evaluation index system suitable for the financial capacity of listed photovoltaic power generation companies in China is constructed,which enhances the scientific and objectivity.Finally,through factor analysis,the dimension reduction and publicity factors are calculated and the score is calculated.In the empirical study,the BCC model in the DEA method is used to evaluate and analyze the financial efficiency of the sample company’s financial input and output indicators in the past 5 years.As a result of DEA analysis,cluster analysis is used to further classify the sample company’s financial ability into weak hierarchical clustering,and comprehensive financial model evaluation is made to provide suggestions and countermeasures to enhance the financial ability of China’s listed photovoltaic power generation companies from the macro and micro aspects.The research in this paper not only enriches the relevant theories of the financial capacity evaluation of listed photovoltaic power generation companies,but also provides empirical analysis for the improvement of the company’s financial efficiency.It helps listed companies and related personnel in the photovoltaic industry to better understand the current status of the photovoltaic industry and improve operations to better improve the competitiveness of listed companies.