Research On The Financial Performance Evaluation Of Yaxing Bus From The Perspective Of Stakeholders

After decades of rapid development,China’s automobile industry has become one of the important industries to support the national economy.However,in recent years,the company’s car sales have been declining due to the influence of policy switch and product quality and safety problems.In order to avoid subsidy fraud,the government has increased the subsidy threshold for new energy vehicles and reduced the subsidy,which has depressed the whole domestic car market.In the international environment,economic globalization makes domestic car companies face the impact of foreign car companies.As an old company focusing on bus manufacturing for many years,Yaxing Bus has not been optimistic about its profit in recent years.In order to cope with the challenges brought by the domestic and international markets,the company is looking for ways to improve financial performance from all aspects.With the continuous development and deepening of the market economy,the company will come into contact with more and more stakeholders in the process of production and operation,and these stakeholders have different influences on the company’s financial performance.How to improve the company’s financial performance through fulfilling good responsibilities to stakeholders and meeting their needs has attracted the attention of managers.Therefore,to improve the level of corporate financial performance,we must balance the benefits of the company and the benefits of stakeholders,attach importance to the demands of stakeholders,and make all stakeholders act on the company together.In view of this,it is necessary to study how to improve the financial performance of Yaxing Bus from the perspective of stakeholders.From the perspective of stakeholders,this paper explores the influencing factors that restrict the financial performance level of Yaxing Bus.In the research process,the relevant research background was firstly introduced,and the macro environment of the current development of China’s automobile industry was illustrated.Then,the financial performance from the perspective of stakeholders was defined and relevant theories were introduced,which provided the necessary theoretical basis for the subsequent research.Secondly,this paper introduces the current financial performance of Yaxing Bus,deeply analyzes the problems existing in four aspects of debt paying ability,operation ability,profitability and development ability of Yaxing Bus,and introduces the situation of stakeholders of Yaxing Bus and the performance of responsibility of Yaxing Bus to stakeholders in detail.Finally,the stakeholder index was selected,and the evaluation method was combined with factor analysis method and entropy method to build the model.Firstly,the financial data of Yaxing Bus in each stage in the past ten years are sorted out for vertical comparison,and then the comprehensive score and ranking of Yaxing Bus are obtained by comparing Yaxing Bus in the industry.It concludes that shareholders,creditors and suppliers are the leading stakeholders that affect the financial performance of Yaxing Bus,and puts forward some reasonable suggestions to solve the problems.