比亚迪股份有限公司投资价值分析.docVIP

PAGE 22 摘 要 中国经济飞速的增长人民对物质的需求日益提高，汽车越来越遍及，导致出现了环境污染和资源短缺这两个严峻的问题，时至今日已经影响到了中国未来的可持续发展道路，因此新能源汽车产业的开发已然成为可持续发展的关键点以及产业转型升级的突破口。 文章一开始会着重分析新能源汽车行业的宏观环境，接着再列出一些比较重要的政策，分析它们且得出它们与行业前景的联系。然后，通过比亚迪企业公布的2016年至2019年透露的年报，从中得到几个分析一家公司必备的数据，借此浅析这家企业的经营状况。最后，使用市盈率法和EVA模型来分析比亚迪的投资价值，希望给予投资者一定的参考。 本文主要创新点体现在于研究的视角和研究的对象。在研究视角方面，本文是联系“十三五”规划纲要关于将新能源汽车业列为战略性新兴产业以及新能源汽车退补等相关重要政策作为要点去进行写作的，让读者直接了当地知道新能源汽车行业的政治环境。比亚迪作为我国新能源自主品牌车企，它作为研究对象是于突出地位又比较典型。一方面为比亚迪公司的股票投资者和信息使用者提供投资决策依据。另一方面评估了比亚迪可持续发展的能力，为我国另外的新能源车企将来的发展提供一些参考。 关键词：新能源汽车 比亚迪 投资价值 相对估值法 EVA ABSTRACT Tourism With Chinas economic growth, peoples material needs are increasing, and cars are becoming more and more popular, leading to two serious problems, environmental pollution and resource shortages. Today, it has affected Chinas future sustainable development. Second, search the BYD companys financial statements from 2016 to 2018, and select some indicators from profitability, solvency, operating ability, and growth ability to study BYDs operating status. Finally, using the price-earnings ratio method and equity dividend analysis to analyze BYDs investment value, I hope to give investors some reference. This article mainly complements the perspective and objectof research.Important policies related to listing the new energy vehicle industry as a strategic emerging industry and new energy vehicle withdrawals, letting readers know directly The environment of the new energy automobile industry. In terms of the research object, BYD, our national independent new energy vehicle brand, was selected, because BYDs outstanding position in Chinas new energy vehicle enterprises is typical. On the one hand, it provides investment decision basis for BYDs stock investors and information users.At the same time, BYD will provide some references that will give sustainable development capability in the USA and China for the development of other new energy vehicles in the future. Key words：New energy vehicles BYD Investment value P / E