The first three quarters of car companies financial report released: Great Wall Jianghuai profits plummeted


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From November to November, various auto makers began to publish financial reports for the first three quarters in succession. In these tedious data, the interface car found that every car company has marked a radical change in the Chinese auto consumption market. The curve, in which GAC and SAIC performed relatively stable, FAW is also worthy of praise, while the serious Great Wall, JAC and BYD (67.560, -0.43, -0.63%), began to panic to collapse. Slowly swallow the bitter fruit in alternating expressions.

FAW Car (12.220, -0.15, -1.21%): Mania after Stripping Bad Assets

According to official data, in the first three quarters, FAW Cars achieved revenue of 19.827 billion yuan, an increase of 32.17% year-on-year. The net profit attributable to shareholders of listed companies in the first three quarters was 291 million yuan, an increase of 140.69% over the same period of the previous year. At the same time, the net profit increased by more than 100% year-on-year, which was no different from FAW's huge losses before the end of the sales sprint.

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In terms of sales volume, Mazda, a joint venture company, has contributed a lot. The sale of 88,600 units has made FAW Mazda the best time to enter the domestic market. The increasingly popular brand image and products close to young people have led Mazda to It became the best power source for FAW's magnificent turn (7.520, -0.01, -0.13%). The other independent brand Pentium also performed well under the leadership of SUV products. Since the launch of the X40, the monthly sales of the X40 have been around 5,000, which contributed to the cumulative sales of the Pentium brand of 80,400 vehicles.

Note: FAW Cars includes two Mazda and Pentium brands, not including FAW-Volkswagen, FAW Toyota.

SAIC (32.290, 0.85, 2.70%): Doing Big Brother for many years

SAIC Volkswagen, SAIC General Motors, and SAIC Passenger Vehicles, any one of the performance is enough to make other car dealers endless: the first three quarters of SAIC Group's total operating income of 608.049 billion yuan, an increase of 14.38%; attributable to shareholders of listed companies net profit 24.46 billion yuan, a year-on-year increase of 6.7%, people can not help but lament: Even if the car situation changes, the older brother is still not moving.

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Among which, SAIC Motor’s cumulative sales volume in September was 1.47 million units. SAIC GM’s cumulative sales for the first nine months of this year reached 1.362 million units. SAIC Motor’s cumulative sales in the first nine months of this year totaled 4,821,400 units, an increase of 7.57% year-on-year. Two old-fashioned joint-venture giants' old-fashioned products have almost sold off: Santana, Tiguan L, Passat, Hideo, Regal, LaCrosse, Encore, GL8, ATS-L, and XT5 are among the best in their respective market segments. The introduction of new products such as GL6 and Storon also doubled the strength of the giant's reserve echelon.

Of course, the most worth mentioning is the SAIC passenger car. The Roewe RX5 and the MG ZS have been the heroes of the reversal. Roewe RX5 has sold 164,000 units from January to September this year and has exceeded 20,000 for several months in a row. In September, it was 25066 vehicles. The monthly sales volume of the small SUV MG ZS launched on March 4 this year has exceeded 7,000 units since its launch. On October 16th, the 60,000th vehicle has already been rolled out at the production base in Zhengzhou. Amazing

GAC Group (27.760, 0.16, 0.58%): No more balanced companies have been seen

Toyota, Honda, Mitsubishi, and Fiat Chrysler have uploaded data. The synergy between the joint venture brand and the self-owned brand of GAC Group is difficult to achieve in the current Chinese auto market, and it is difficult to absorb the two models as sponges. The transmission of nutrients has also gradually grown into a unique landscape in its own brand.

According to GAC Group's financial report, it showed operating income of 51.631 billion yuan in the first three quarters of this year, an increase of 50.15% year-on-year; net profit attributable to shareholders of listed companies was 8.962 billion yuan, a year-on-year increase of 59.79%. As of September this year, GAC Group sales reached 1.467 million units, an increase of 27.6% year-on-year, and the annual target of 1.9 million units was already quite close.

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In respect of the joint venture brand, GAC Toyota sales reached 239,300 units in the first three quarters, an increase of 8.22% year-on-year; GAC Honda sales reached 502,900 units in the first three quarters of the year, a year-on-year increase of 14.25%; GAC Fick sold 151,500 units in the first three quarters of the year. Growth of 48%, of which Jeep brand sales are quite eye-catching.

GAC passenger car also did not pull down the progress, the first three quarters sold a total of 376,200 vehicles, an increase of 46.12%, this result is second only to the group after the turbocharged engine continues to promote the Guangzhou Automobile Honda, and higher than the product spectrum is Guangzhou Auto Toyota is in the update phase.

Changan Automobile (13.440, -0.15, -1.10%): The opposite situation to Guangzhou Automobile

Apart from Changan Mazda, Changan Automobile's overall performance this year has fallen into a sudden and cold downfall. After a time-tested joint venture brand in the Chinese market began to release negative toxins: Chang An Suzuki, Chang'an Peugeot Citroen's wail began for the entire Changan Automobile A less coordinating prelude, with a performance of 32.47% and 64.17%, respectively, can be completely described by the cliff style.

In the first three quarters, a total of 573,400 units were sold, and Changan Ford lost 12.8% year-on-year. It lost its former charm. Fox, the core model, lost ground in the contest with Civic. The crisis also opened its doors to Changan Automobile in the fall of Ford. Gloomy wings.

In the data of the CUCH, Changan’s own-brand passenger cars sold a total of 762,700 units in the first nine months, a year-on-year decrease of 8.1%. Compared with the same period of last year, its share in the self-owned brand market dropped from 11.74% to 10.37. %. The share of the self-market is constantly eroded by Geely and Chuan, whose products are more powerful. It is also attributed to the above reasons, Changan Automobile achieved operating income of 51.431 billion yuan in the first three quarters of this year, a year-on-year decrease of 4.06%; and the net profit attributable to shareholders of listed companies was 5.811 billion yuan, a year-on-year decrease of 24.92%. For the next Jedi fight back, the interface car thinks it may be minimal.

Great Wall Motor (11.410, -0.05, -0.44%): Can SUVs be sold only? The answer is NO

If you pay attention to the monthly sales report issued by the Great Wall Motor, you will see Haval H6 get 40,000 sales figures. If you study it carefully, you will find that in addition to the Haval H6, the rest of the Haval SUVs are weak. For example, hit the high-end H7, H8 and the quality of the H9. In the first two quarters of this year, the net profit of Great Wall Motors has dropped by 50.87%, and the official blames the expenses incurred in the development and promotion of new products WEY.

According to the financial report, Great Wall Motor’s operating income for the first nine months was 62.99 billion yuan, down 0.6% year-on-year, and the net profit attributable to shareholders of listed companies was 2.897 billion yuan, a year-on-year drop of 60.05%. This kind of sales data and revenue results are quite ambiguous. On the one hand, the vehicles sell a lot, the hegemony list is also on a monthly basis, and on the other hand, the money earned is reduced month by month, and there are quite a few shareholders' vehement words. I do not know that at the Frankfurt Motor Show. After chatting with foreign journalists and waiting to climb BMW's thighs, Jianjun Wei should deal with the GREAT WALL and WEY walking on one leg every year.

JAC (10.080, -0.16, -1.56%): What's wrong with the lack of sales?

The manuscript about the decline in sales volume of Jianghuai Automobile will be rolled out online on the 10th or so every month. The sharp decline of the Ruifeng series of main SUV products will no longer be the headline news. The accumulated sales of Jianghuai Automobile in the first three quarters have been 90 , 545 units, down 54.62% year-on-year directly led to the company's revenue in the first three quarters of 35.581 billion yuan, down 6.69% year-on-year, attributable to shareholders of listed companies net profit of 219 million yuan, a year-on-year drop of 73.24%.

Of course, the last straw that cuts off the lifeline of JAC will never be an SUV. For Jianghuai Automobile, what needs to be dealt with is how to find new support points in the reality that the state's subsidy is gradually declining. It is true that the joint venture with Volkswagen and the OEM vehicle Weilai are two good things for Jianghuai, but in essence these are the operating methods of “living chickens and eggs”. Whether it is the masses’ cheap electric vehicles or Weilai The ES8 was none other than to bring about fundamental reforms for the JAC. The eggs were taken away and the chickens were housed in captivity, leaving behind nothing but chicken feathers.



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