An Analysis of the Influence of New Guidelines for Government Subsidies on China's New Energy Automobile Industry--A Case Study of BYD

2018 4th International Conference on Environmental Science and Material Application

生态环境科学;材料科学

Jin, Shuting^1

School of Managemengt, Shanghai University, Shanghai, China^1

关键词: Accounting methods;    Balance sheets;    Financial indicator;    Government subsidies;    New energies;   

Others  :  https://iopscience.iop.org/article/10.1088/1755-1315/252/5/052140/pdf
DOI  :  10.1088/1755-1315/252/5/052140

来源: IOP

【 摘 要 】

In May 2017, the Ministry of Finance promulgated a new guideline for government subsidies. This paper compares the changes of the new and old criteria of government subsidy, and sums up the accounting methods of government subsidy and financial discount under the new criteria. At the same time, this paper takes BYD, one of the leaders in the new energy automobile industry, as the analysis object, analyzing BYD's balance sheet, profit statement and financial indicators according to the new government subsidy standards, and putting forward relevant suggestions for listed companies.