The performance of the entire vehicle company is generally floating
Recently, some listed vehicle companies and car dealership groups have issued 2015 performance forecasts in succession. Although China's automobile production and sales only showed a slight increase in 2015, and the growth rate slowed down compared with the same period of last year, from the performance forecast announced by major auto companies, the majority of car companies realized a different degree of net profit growth. In particular, commercial vehicle companies have changed their downturn since 2013 and achieved a general increase in business performance in 2015.
At the same time, in 2015, most dealership groups were in line with overall vehicle performance, and most listed car dealership groups also achieved growth in performance. What is worth mentioning is that new energy vehicles have been nurturing for many years and have begun to contribute more profits to auto companies. BYD and Zhongtong bus companies have benefited from this.
Passenger car steadily rose In 2015, although the growth rate of China's passenger car market has also slowed down, it still maintains a stable growth. According to the data released by the China Automobile Association, the sales volume of passenger vehicles in China last year was 21,144,300 units, a year-on-year increase of 7.3%, which was 2.6 percentage points higher than the total number of cars, and exceeded 20 million for the first time. Under this background, most of the passenger car companies have performed well and have achieved growth in performance.
In particular, it is commendable that in 2015 China's own-brand passenger vehicle sales achieved 8.737 million units, an increase of 15.3% year-on-year, which laid the foundation for the growth of the performance of some autonomous automakers, and also changed many auto companies’ reliance on joint venture brands to ensure business performance. The dilemma of growth.
Vehicle sales led growth <br> <br> performance SAIC and Changan Automobile Group, the two cars is still very good. According to the performance forecast of SAIC Group, the company expects that the net profit attributable to the shareholders of the listed company in 2015 will increase by about 6% to approximately RMB29.651 billion. Changan Automobile expects to achieve a net profit attributable to shareholders of listed companies of RMB 9.3 billion to RMB 10.1 billion in 2015, a year-on-year increase of 23%-33.58%. The announcement shows that the performance of these two listed companies has improved, thanks to the increase in sales of their vehicles. In addition, the figures show that Dongfeng Motor, GAC Group and JAC also achieved growth in performance.
The FAW Xiali, who had been wearing a hat of ST (the listed company’s loss for two consecutive years and was specially treated), finally ended the downward trend and turned losses into profits. FAW Xiali said that during the reporting period, the company increased the sales of Jun’s products, reduced costs, and increased efficiency. The average selling price of the products increased, and self-owned operations improved.
One of the reasons the new energy performance driving <br> <br> at major auto groups rely on the performance of a general increase in vehicle sales environment, Dongfeng Motor also specifically mentioned in the announcement, the new energy vehicle sales breakthrough also enhance the performance of its . And BYD is undoubtedly one of the most eye-catching companies in performance last year. Thanks to the promotion of the new energy auto market, BYD’s profit rose sharply in 2015. BYD said that in the fourth quarter of 2015, the development of domestic new energy vehicles showed an explosive growth, which also contributed to the company's electric vehicles are in short supply, which has led to a substantial increase in the company's profit levels.
In 2015 the poor performance of individual business performance <br> <br> has been doing well, the leading independent car prices and Great Wall Motors in 2014 was essentially flat. According to reports, although Great Wall Motor achieved sales growth in 2015 and completed its sales target set at the beginning of the year, it adopted a preferential sales promotion strategy to cope with the slowdown in macroeconomic growth and the intensified competition in the auto industry. Although it brought sales and income growth, Great Wall Motor Co., Ltd. The level of interest rates fell slightly, and therefore achieved a net profit that was the same as last year.
FAW Cars, however, continued its downward trend in 2014 and became one of the few companies that experienced declining performance last year. FAW Car said that in 2015, the company’s total vehicle sales were 235,900 units, a decrease of 19.6% year-on-year, and operating income and net profit had decreased compared to the same period of last year.
<br> <br> commercial vehicles bucked the market trend in recent years, China's commercial vehicle market remains in the doldrums. In 2015, the production and sales of commercial vehicles continued to decline. The data show that in 2015, commercial vehicles completed production and sales of 3,439,900 units and 3,451,300 units respectively, representing a year-on-year decrease of 9.97% and 8.97%, and the decline further expanded. However, unlike 2014, the profit of listed automakers in the commercial vehicle business in 2015 did not show a year-on-year decline, but rather it reversed the trend and some car companies even increased by more than 100%.
Thanks to the substantial increase in the sales of its new energy passenger vehicles, the profit growth of the main business has been driven by a significant increase. Even if the Zhongtong Bus has a large revenue base due to disposal of assets in 2014, it is expected that net profit will still increase year-on-year. Its financial report showed that the net profit attributable to the parent company of the listed company increased by 21.6% from the same period last year to 49.86%, reaching 340 million to 419 million yuan. New energy vehicles have also become one of the profit growth points of Golden Dragon Motors. The company stated that the reasons for the growth in performance include a significant increase in sales revenue of new energy vehicles, a year-on-year increase in gross profit margin, and the completion of the acquisition of 100% equity of Xiamen Chuangcheng Environmental Protection Technology Co., Ltd. in 2015.
In addition, among the listed car companies that mainly run the commercial vehicle business, Jinbei Automobile achieved profitability, and Jiangling Motors and Ankai Buses also maintained steady growth in their performance.
Most dealer group sales rose <br> <br> In recent years, China's auto sales growth slowing, increasingly competitive industry, sales profits will shrink, and the first to be reflected in the dealer body. In 2014, the profits of many listed distributor groups have dropped significantly, showing losses. In the face of increasingly difficult survival difficulties, major auto dealer groups began to actively seek opportunities to accelerate the company's transformation by expanding auto financing leases, new energy vehicles, parallel imported vehicles, and the “Internet†business. From now on, the dealer's transformation measures have been effective. In 2015, the performance of most distributor groups increased.
Both Huge Group and Guanghui Automotive achieved profit growth. Huge Group expects net profit attributable to shareholders of listed companies to increase by 40% to 60% in 2015 compared to the same period in 2014. The giant group stated that the main reason for the increase in performance last year was that while the company’s traditional auto sales business was gradually stabilizing, new businesses such as new energy vehicles and parallel imported automobiles contributed a lot to the company’s profits, and the company’s overall profitability was greater than that of the same period last year. Increased. CGA expects that the net profit attributable to shareholders of listed companies will increase by approximately 16.39% year-on-year in 2015. The increase is attributable to the increase in profits contributed by the rapid development of the company’s passenger car finance lease business and the increase in sales of passenger car sales and services, and the company’s Strengthen fine management and cost control.
In sharp contrast with the above-mentioned distributor groups, the company is mainly engaged in the sales of imported automobiles. The net profit attributable to shareholders of listed companies last year was 487 million yuan, a year-on-year decline of 43.03%. This is inconsistent with the continuing “supply and demand decline†in the imported automobile market in China in 2015, resulting in a decline in operating income of China National Motors last year. At the same time, due to the impact of changes in the exchange rate of the renminbi, it also caused the exchange losses of SINOMACH to be greater.
SINOMACH stated that it is responding to the downward pressure on its core import vehicle wholesale service business. In 2016, the company will increase its business development efforts to find new growth drivers, including upgrading value-added services and exploring parallel import business. In addition, the company will further expand its scale in the fields of car leasing business, parts and components business, auto finance business, import and export business, and cultivate new profit growth points.
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