Research On Financial Risk Management Of New Energy Automobile Enterprises In “Post-subsidy Era”

With the global shortage of resources and environmental degradation,the development of new energy technologies has become increasingly important.As an important field of new energy technology application,new energy vehicles have received increasing attention,and the Chinese government is actively promoting the development of this field.Since 2009,the government has introduced a series of subsidy policies to support new energy vehicle enterprises.However,based on the current development of new energy vehicles,the GSP subsidy method is gradually withdrawing,and the post subsidy era has arrived.Currently,most new energy vehicle enterprises rely on government subsidies,and the financial risk factors faced by enterprises in the "post subsidy era" have increased.However,there are still many deficiencies in financial risk management in the new energy vehicle industry.Therefore,in order to avoid the serious financial crisis caused by the decline of subsidies for new energy vehicle enterprises,it is necessary to conduct in-depth research on the financial risk control issues of new energy vehicle enterprises.This article aims to deeply explore the financial risks of Company A in the post subsidy era,and propose effective control suggestions through identification and evaluation.During the research process,the paper first introduced the topic of financial risk management for new energy vehicle enterprises in the "post subsidy era" through the research background and significance,and sorted out relevant literature to introduce relevant concepts and theories.Secondly,the policy background of the "post subsidy era" was introduced,and the current situation of financial risk management in the new energy vehicle industry was analyzed.Once again,the paper takes A Company,a leading enterprise in new energy vehicles,as the research object.It selects financial data from A Company over the past decade,uses case analysis and other methods to identify its financial risks,and analyzes the causes of A Company’s financial risks in the "post subsidy era".Then,this article uses the entropy weight TOPSIS method to evaluate the overall financial risk of the enterprise.Finally,based on the identification and evaluation results of Company A’s financial risks,targeted suggestions are proposed for enterprise financial risk management and government subsidy policies.The research results show that the financial risks of Company A in the "post subsidy era" mainly include insufficient solvency,reduced profitability,insufficient working capital,etc.The causes of these financial risks mainly include dependence on current liabilities,low asset utilization efficiency,high cost,and poor asset management efficiency.On the whole,the financial risks of Company A in 2020 and 2021 have improved,but their financing,investment There are still varying degrees of financial risks in terms of operations,with the highest level of financial risk being operational risk,followed by investment risk,and the lowest level of financing risk.In response to the financial risks of Company A,this article proposes the following control suggestions: enterprises should reduce operational risks by improving asset management efficiency and using government subsidies reasonably,reduce investment risks by strengthening investment supervision and cost control,and reduce financing risks by optimizing capital structure and expanding financing channels;The government should provide a good external environment for the healthy development of enterprises by strengthening the review and monitoring of subsidies and increasing the distribution of R&D government subsidies.After research,on the one hand,it can provide reasonable suggestions for Company A to control financial risks,and on the other hand,it can also provide reference for financial risk management of other new energy vehicle enterprises.