Economic Benefit Evaluation of Listed Companies in the New Energy Vehicle Industry based on Factor Analysis and Cluster Analysis

Abstract

The implementation of the "dual carbon" goal requires the traditional vehicle industry to accelerate the transformation to new energy vehicle business, and economic benefits are the key to its transformation progress. Based on factor analysis and cluster analysis, this paper uses the financial report data of representative listed companies in the new energy vehicle industry to comprehensively evaluate the economic benefits of listed companies in the new energy vehicle industry. The profitability factor, solvency factor, operational capacity factor and growth capacity factor are extracted through factor analysis, and the comprehensive score and comprehensive ranking are calculated. Then, through K-means clustering, it is divided into four types: profit growth type, operation-driven type, balanced development type and conservative and steady type, and the characteristics of each type are summarized in a targeted analysis. It is found that in the process of transformation to new energy vehicle business, different transformation paths lead to the differentiation of the economic benefits of enterprises. The transformation effect of profit growth type and operation-driven type transformation is better, and some enterprises have the potential to be industry benchmarks. To this end, it is recommended that four types of enterprises adjust their enterprise transformation strategies according to the principle of strong advantages and disadvantages. It is recommended that the government guide the healthy development of the industry and introduce relevant policies from the perspective of promoting the transformation of enterprise classification, escorting the development of the industry, and managing involution competition.