Profit statement of Great Wall Geely with rapid gr

2022-10-22
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The performance of listed automobile companies has increased rapidly: Great Wall and Geely have "the most eye-catching" profit performance

recently, major automobile groups have announced their financial reports and financial forecasts for 2016. NBD automobile (No.: nbd-auto) combed the financial reports and found that the listed automobile companies were in a rapid growth trend as a whole last year, and most of the automobile enterprises had achieved both revenue and profit

in this regard, an investor, who has become the backbone of Shandong's new material industry, analyzed that last year, due to the stimulation of policies such as halving the purchase tax, the sales volume of the overall automobile market hit a new high, and the sales volume of major automobile enterprises, especially independent brands, also achieved rapid growth, which is the main reason for the increase in the revenue and profits of the automobile capital market last year

according to the data of China Automobile Industry Association, in 2016, the cumulative sales of self owned brand passenger cars were 10.529 million, with a year-on-year increase of 20.5% oxide layer), outperforming the overall passenger car market by 5.6 percentage points

it is worth noting that under the background of the overall market improving last year, the performance of independent brands increased more rapidly. Several independent brands represented by great wall and Geely were in the leading position in the industry in terms of sales and profit growth

Chang Jingchuan, investment director of Zhongjun Tianbao capital management (Beijing) Co., Ltd., told NBD that for independent brands, their improvement in sales channels and supply chain system is better than that of joint venture brands. Therefore, from the perspective of financial report profit data, the profit performance of independent brands is very good, and this situation will continue this year

cuidongshu, Secretary General of the national passenger car market information joint committee, believes that with the gradual "upward" development of independent brands, they will gain greater profit space in the future

2016 automobile enterprises' performance is generally red

according to the financial reports and forecasts of major automobile enterprises, the performance of major automobile listed enterprises in 2016 is generally red. Among the large-scale automobile groups, Geely Automobile's revenue and net profit increased the most. According to the financial report, Geely Auto achieved a total operating revenue of 53.721 billion yuan in 2016, an increase of 78.3% year-on-year, and a net profit attributable to shareholders of listed companies of 5.112 billion yuan, an increase of 126% year-on-year

in terms of total revenue and net profit, SAIC Group will still be in the first position. Although SAIC Group's financial report last year has not been announced, according to its published performance forecast, it is expected that the net profit attributable to shareholders of listed companies will increase by about 7.5% year-on-year last year. In other words, the net profit of SAIC Group last year is expected to reach 32.028 billion yuan, which is far from that of other automobile groups

compared with last year, BAIC Motor Corporation's revenue and net profit also increased steadily. The financial report shows that BAIC group achieved a total operating income of 116.199 billion yuan last year, an increase of 38.15% year-on-year, and a net profit attributable to shareholders of listed companies of 11.536 billion yuan, an increase of 82.5% year-on-year. In addition, most auto companies such as great wall, Chang'an and GAC also achieved a double harvest of revenue and net profit last year. However, the poor performance of FAW Xiali and FAW cars under FAW Group is that the overall listing plan of FAW Group last year has not been implemented, and the competition problem in the same industry has not been solved, which makes it still difficult for FAW cars and FAW Xiali to get out of the development dilemma

the performance forecast shows that FAW car is expected to lose 945million to 970million yuan in the net profit attributable to the shareholders of the listed company in 2016, while FAW Xiali is expected to barely realize the profit attributable to the shareholders of the listed company of 155 to 195 million yuan, but the main reason is that it transferred 15% of the equity of Tianjin FAW Toyota Motor Co., Ltd. to the controlling shareholder FAW China Limited, which realized the evaluation appreciation and increased the current profit and loss

in this regard, Chang Jingchuan told NBD auto that the overall auto market was hot last year, and the sales volume of most auto companies increased beyond expectations. The hot physical market was the main reason for the rapid rise in the performance of the auto capital market

is the average "single vehicle profit" of Great Wall the most eye-catching

it is worth noting that in last year's financial report, the sales volume and profit performance of independent brands are relatively outstanding

according to the financial report of Great Wall Motors, the net profit attributable to the shareholders of listed companies last year was 10.551 billion yuan, an increase of 30.92% year-on-year, and the cumulative sales volume was 1.0745 million vehicles. If the profit sales ratio is simply calculated, it can reach 98 million yuan (100 million yuan/10000 vehicles), and the "single vehicle profit" may reach 9800 yuan

Geely Auto's financial report shows that last year, the company's net profit attributable to shareholders of listed companies was 5.112 billion yuan, with a cumulative sales of 765900 vehicles. The simple calculated profit sales ratio is 67 million yuan (100 million yuan/10000 vehicles), and the "single vehicle profit" may reach 6700. Therefore, it is necessary for petrochemical enterprises to carefully evaluate the investment yuan related to raw materials under a series of price scenarios

of course, the "single vehicle profit" described above cannot strictly reflect the company's profitability. The performance of listed companies will be affected by multiple factors, especially for automotive companies that need long-term technical reserves and medium and long-term layout, large-scale investment will generally have a great impact on the current year's earnings

Cui Dongshu told NBD automobile that in the past two years, independent brands have focused on the SUV field, such as Haval H6, trumpchi GS4 and other popular SUV models. Their single vehicle profits have been different from the previous period of "low quality and low price". Last year, SUV models were the main driving force for the growth of sales of independent brands, so last year, independent brands increased rapidly in terms of profits

in this regard, Chang Jingchuan also told NBD automobile that for independent brands, unlike some parts of joint venture brands that need to be imported, independent brands have more advantages in the supply chain system, so their profit space is relatively larger; In addition, in terms of sales channels, independent brands have sunk in the third and fourth tier markets, which have relatively low car ownership and strong consumer demand. Therefore, independent brands have also achieved rapid growth in sales. The combined effect of these two factors makes independent brands achieve eye-catching results in last year's net profit

not only that, many independent brands began to move towards "high-end" last year, including high-end models represented by trumpchi gs8, but also high-end brands such as lynk CO and wey. In Cui Dongshu's view, upward development means the improvement of bargaining space. With the gradual implementation of the "high-end" strategy, independent brands will have more room to rise in terms of profitability in the future

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