Research On The Development Capability Of TR New Energy Company Based On The Financial Perspective

Enterprise development capability is the intrinsic potential and external tension generated by the continuous progress and accumulation of enterprises in operation,governance,innovation and competition after a period of operation,reflecting the future performance and development possibilities of the enterprise.With the rapid development of China’s economy,the problem of energy consumption and environmental pollution is in front of the nation’s eyes.In recent years,the domestic solar photovoltaic industry has been developing rapidly,and opportunities and competition exist in the industry.Therefore,the availability and level of development capability affects the future fate of solar photovoltaic enterprises.This paper takes TR New Energy as an example,and constructs a development capability evaluation index system based on a financial perspective applicable to TR New Energy and domestic enterprises in the same industry,in order to study TR New Energy’s development capability and also provide relevant ideas for the study and improvement measures of solar photovoltaic enterprises’ development capability.Based on enterprise growth theory,enterprise capability theory,corporate governance theory and core competitiveness theory,this paper analyses and researches TR New Energy’s development capability from a financial perspective by selecting multiple indicators in four dimensions: management,sustainable growth,corporate governance and enterprise competition.Firstly,it outlines the meaning of enterprise development capability,the meaning of enterprise development capability based on financial perspective,the influencing factors,evaluation dimensions and evaluation methods of enterprise development capability,and briefly describes the relevant theoretical basis of enterprise development capability;secondly,it describes and analyses the development status of TR New Energy Company,including the company profile,the company’s financial,operational,cash flow,governance,Then,based on the current development situation of TR New Energy,the development capability evaluation index system is constructed based on the financial perspective,and the development capability of TR New Energy is studied from both vertical and horizontal perspectives.Then,through the analysis and comprehensive evaluation of TR New Energy’s development capability,TR New Energy identifies the problems of poor management of accounts receivable,large amount of debt,unstable expansion of enterprise scale,negative growth rate of efficiency,small proportion of endogenous financing,small and single way of incentive for senior management,strong reliance on government subsidies,insufficient level of R&D staff,and high level of academic qualifications.The reasons for the problems were analysed,and reasonable and valuable suggestions were then put forward for TR New Energy to strengthen its accounts receivable management,optimise its debt structure,control the pace of scale expansion,improve its market share and profit level,optimise its financing channels,improve and implement its executive incentive policy,gradually get rid of its reliance on government subsidies,and improve its talent mechanism.