Research On Financial Performance Evaluation Of Yutong Bus Based On Entropy Weight TOPSIS Method

With the rapid development of the world economy,the energy consumption of coal,oil and natural gas is becoming faster and faster,and the problem of environmental pollution is becoming more and more serious.More and more enterprises regard energy conservation and environmental protection as the new goal.Thus,the new energy represented by solar energy and wind energy is generated.As a new industry in automobile industry,new energy automobile enterprises seize this opportunity.At present,China strongly supports the development of new energy automobile industry,a large number of new energy vehicle enterprises have emerged,and the competition among them is becoming increasingly fierce.From the perspective of stakeholders of new energy vehicle enterprises,they are most concerned about the company’s operating conditions.They think that the most important measure of the enterprise’s financial situation is its financial performance.Therefore,the analysis of the financial performance of the enterprise is not only from the perspective of the shareholders themselves,but also from the perspective of the government,investors and other stakeholders to understand the enterprise The financial performance of the situation has great reference significance.This paper selects Yutong Bus,the first brand of China bus,as a typical case of financial performance evaluation of new energy vehicle enterprises.In the structure of this paper,the background and significance of the research are expounded,and the current research status of financial performance evaluation methods at home and abroad is reviewed.This paper expounds the concept of financial performance evaluation and the related theoretical basis,and summarizes the basic situation of Yutong Bus.It analyzes the financial performance in detail in recent five years,and constructs the financial performance evaluation index system of Yutong Bus from five aspects:profit,repayment,operation,development and R & D.Secondly,17 new energy vehicle enterprises in the same industry as Yutong Bus are selected as the comparison enterprises.Yutong Bus is the main research enterprise.Based on the financial index data of 18 enterprises in 2019 and the financial data of Yutong Bus in the past five years,the paper analyzes Yutong Bus in transverse and vertical direction by combining the entropy weight TOPSIS method.Finally,according to the analysis results,from the horizontal perspective,Yutong Bus is in the middle level in the industry,among which debt repayment,operation,development and scientific and technological research and development capacity need to be further improved.From the vertical perspective,the financial situation of the company in the past five years needs to be improved continuously,including profitability and operation capacity.At the same time,based on the financial performance evaluation of Yutong Bus in the previous article,according to the problems existing in Yutong Bus operation,the paper puts forward suggestions for improving the financial performance of the company,summarizes the whole paper,points out the shortcomings of the research and the future prospects.In addition,this paper hopes to provide reference for the financial performance evaluation of relevant automobile enterprises by analyzing the financial performance of Yutong Bus in new energy automobile enterprises,the results and suggestions.