Advances in Economics, Management and Political Sciences

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Proceedings of the 7th International Conference on Economic Management and Green Development

Series Vol. 30 , 10 November 2023


Open Access | Article

Study on Financial Competitiveness of Listed Companies in New Energy Vehicle Industry —— BYD as an Example

Lucun Dai * 1
1 Beijing Normal University-Hong Kong Baptist University United International College

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 30, 94-102
Published 10 November 2023. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Lucun Dai. Study on Financial Competitiveness of Listed Companies in New Energy Vehicle Industry —— BYD as an Example. AEMPS (2023) Vol. 30: 94-102. DOI: 10.54254/2754-1169/30/20231441.

Abstract

As the environmental problems are becoming more and more severe, people attach more importance to environmental protection, boosting the heat of new energy cars. BYD takes the trend and becomes one of the leading companies in the new energy vehicle industry. This passage will take a deep look into BYD’s financial data and develop a ratio analysis of the company. First, it will use the data from its financial reports from five years (2017-2021) to calculate its ratios in the four aspects: solvency, profitability, operating capacity, and growth capabilities. Compared according to the timeline, the company’s changes are clearer. The trend of increasing or decreasing is shown directly. Then it will use the data in 2021 to compare to the average of the industry, locating the company itself in the industry. By doing the comparison, as BYD is expected to perform better than the average as it is one of the leading companies, whether BYD needs improvement is demonstrated. This research can offer a view of BYD in the new energy vehicle industry, with an analysis of how it behaves and how to improve.

Keywords

financial analysis, BYD company limited, new energy vehicle industry, ratio analysis

References

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Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 7th International Conference on Economic Management and Green Development
ISBN (Print)
978-1-83558-081-3
ISBN (Online)
978-1-83558-082-0
Published Date
10 November 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/30/20231441
Copyright
© 2023 The Author(s)
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated