affected by the epidemic, the first half of all walks of life have been no small impact, the automotive industry is no exception. According to data by the Federation, the first half of 2020, domestic passenger car sales year on year cumulative fell 22.5 percent to 7.704 million, returned to the level before 2013.
industry downturn, the earnings performance of listed car prices may see reflected. Statistics of 15 vehicles listed car prices, most car prices drop in net profit, many of loss. In addition, although some car companies profit growth, but not even rely on the automotive business.
Which companies are the most profitable? The first is undoubtedly the SAIC, because without it: huge, naturally a lot of profits. In the first half of this year, SAIC total revenue of up to 283.74 billion yuan, the statistics of enterprise revenue size only to break one hundred billion, its net profit 8.394 billion yuan, well above other companies.
However, compared to last year, SAIC both revenue (-24.6 percent) or net profit (-39.0 percent) all fell sharply. The decline is directly reflected in its car sales business, particularly its two joint ventures Shanghai Volkswagen, Shanghai GM in the first half performance is not ideal.
epidemic or influence of Shanghai Volkswagen, Shanghai GM sales in one of the main reasons, but more or their own problems. SAIC Volkswagen Passat as “a famous hit” cause very negative impact on business reputation; SAIC-GM three-cylinder machine from consumers.
is ranked second in Brilliance China, which contrary to everybody expected. Only the first half of its revenue realized 1.45 billion yuan, the net profit has increased by 25.2 percent to 4.045 billion yuan, revenue is nearly three times more than the Geely Automobile, Guangzhou Automobile Group, Dongfeng Motor Group, was promoted to second place. The reason, Brilliance China’s net profit almost all come from BMW.
automobile market downturn, the luxury car market is almost not affected, but also greatly enhance the market share. In today’s new car sales, the average sale of every five vehicles, there is a luxury car – Chinese rich people love to buy more and more like a luxury car. Meanwhile, Brilliance China from such a high profit point of view, luxury cars profits Big deal.
profits mainly proud of the car as well as Beijing Automotive. Its joint venture Beijing Benz is the “profit cow”, but, compared to 4.045 billion yuan and Brilliance China up 25.2 percent year on year net profit performance, net profit of only 1.047 billion yuan Beijing Automotive, Brilliance China about 1/4, and fell by 65.7 percentage.
it seems, is also backed by luxury cars, “cow”, the day was also very different.
is ranked third in net profit Dongfeng Motor Group, its first-half revenue rose 4.4 percent to 50.576 billion yuan, but net profit fell 64.5 percent to 30.18 billion.
The reason for the sharp drop in net profit, Dongfeng Group shares have explained that the decline was mainly due to the expected benefits of the new crown outbreaks since January 2020 outbreak seriously affected China the company’s business operations and consumer spending.
is mainly affected by the epidemic led to the decline in net profit as well as Guangzhou Automobile Group, Geely, Great Wall Motor, which appear respectively 52.9 percentage, 42.7 percentage, 24.5 percent decline.
which, in addition to Guangzhou Automobile Group epidemic affecting car sales decline, the profits of the joint venture to reduce its car is also an important reason. In the first half, “return on investment in associates and joint ventures” for the 3.987 billion yuan, compared to the same period last year (4.866 billion yuan) less 879 million yuan.
is the fourth of Changan Automobile, which is a small number of revenue – increasing corporate profits: the first half of revenue achieved 32.782 billion yuan, up 9.7 percentage upgrade; to achieve net profit of 2.609 billion yuan, surged 217.7 percentage. The highest increase in net profit in the statistics of the enterprise.
Although profits double revenue growth, but the reason Changan Automobile source of profit is not the main from the automotive business, its profit growth is inseparable from the transfer of credit Changan PSA equity holders of Ningde era of rising stock prices, Changan new energy.
and in addition to Changan Automobile, BYD, * ST Xiali, ST hippocampus three companies profit growth were also rely on non-automotive business.
BYD first half of the revenue realized 60.503 billion yuan, down 2.7 percentage net profit of 1.662 billion yuan, an increase of 14.3 percentage. BYD in 2020 January-June sales of 158,600 new vehicles, down 30.5 percentage, down 5.62 percentage of its automotive and automotive-related products business revenue. Therefore, profit growth did not come from BYD car business.
BYD two other business but had growth: mobile phone parts and assembly operations increased by 0.24 percentage, rechargeable batteries and photovoltaic business grew 7.59 percentage. At the same time, it is worth mentioning that, during the epidemic, BYD put into masks, this part of the business’s revenue and profit are included in the performance car business.
* ST Xiali half of this year swung to a net profit of 388 million yuan. Its profits mainly from investment income –7.36 million, mainly for sale equity investment income Beverly confirmed.
ST hippocampus during the first half of this year net loss of 173 million yuan, compared to the same period last year narrowed. By the sale of real estate, the hippocampus car parts this year in June, 2012 to achieve a “Reaching for the Stars” But the present situation is still not optimistic.
Finally, it is worth mentioning that, in addition to the ST hippocampus, as well as a loss of * ST Lifan, Beiqi Blue Valley, * ST Thai public, well-off shares.
* ST Lifan bottom net profit in the first half of this year net loss of 2.595 billion yuan, compared to last year’s 947 million yuan to expand the percentage of 174.0. Recent news, * ST Lifan controlling shareholders was convicted of substantive consolidation reforming, keep delisting risk.
* ST Thai public release of financial results, first-half net loss of 1.034 billion yuan, compared to the same period last year to expand the percentage of 256.1. Thai people fall into financial difficulties, without external financial support will also face the risk of delisting.
Beiqi Blue Valley by a surplus to deficit in the first half, net profit fell from last year’s 069 million yuan this year’s -18.63 billion, year on year decline in the 2815.0 high percentage, in statistical enterprise highest net profit decline.
aspects of Beiqi Blue Valley said the net loss is mainly affected by the new crown pneumonia epidemic, new energy car sales declined due. The first half of 2020, cumulative sales of new energy BAIC only 16,700, down 78.5 percentage.
Finally, a loss-making company is well-off shares, its first half net loss of 429 million yuan, compared to the same period last year expanded 53.0 percentage. Its net loss increase is due mainly affected by the new crown pneumonia epidemic.
car poly Summary
Overall, the first half of the automobile market downturn, the day is not better than car prices , and you can look over the “good old days” of only two categories: one is to rely on the luxury car “profit cow” business; the other is non-automotive businesses rely on business to achieve profitable growth.
In this regard, readers, how do you see?