基于政府补助探究A公司真实盈利质量

Research on the Real Earnings Quality of Company A Based on Government Subsidies

摘要: 本文以A公司2021至2025年数据为研究对象，利用盈利质量四维评价模型分别从收现性、结构性、持续性、稳定性四个方面探究政府补助对其盈利质量的影响，发现该公司在去除政府补助后存在盈利收现性弱、利润结构扭曲、增长持续性不足、账面稳定性弱等问题，整体盈利质量较低。同时文章也提出了一系列建议，为同类型企业与客户提供参考。

Abstract: This paper takes the data of Company A from 2021 to 2025 as the research object. By adopting a four-dimensional evaluation model of earnings quality, it explores the impact of government subsidies on the firm’s earnings quality from four dimensions: cash realization, structure, sustainability and stability. The study finds that after excluding government subsidies, Company A suffers from weak cash generation capacity of earnings, distorted profit structure, insufficient growth sustainability and fragile book-level stability, resulting in generally low earnings quality. Furthermore, this paper puts forward a set of suggestions to provide references for similar enterprises and relevant stakeholders.