Rapid increase in profit growth has slowed down--Analysis of the economic benefits of key enterprises (groups) in the automobile industry from January to April 2007


According to the key economic indicators released by key enterprises (groups) of the automobile industry from January to April in 2007, the major economic indicators showed a rapid growth compared to the same period of the previous year, which was a drop from the first quarter.

Rapidly increasing and decreasing output indicators

In the first four months, the key industrial companies (groups) of the automobile industry completed a total of 72.526 billion yuan of industrial added value, an increase of 34.53% year-on-year, an increase of 7.10 percentage points from the first quarter; the accumulated industrial output value was 304.267 billion yuan, a year-on-year increase of 28.66%. Compared with the first quarter, it fell 2.78 percentage points; the accumulated industrial output value was 299.590 billion yuan, a year-on-year increase of 27.27%, and the increase rate was 0.92 percentage points lower than the first quarter.

In the first four months, the production and sales ratio of key enterprises (groups) of the automobile industry was 97.18%, which was 1.15 percentage points higher than that in the first quarter. The connection between production and sales was good.

Geely Group still maintains the highest growth rate of main business revenue

In the first four months, the major automobile industry (group) realized rapid growth in its main business income, and achieved a total of 319.102 billion yuan in main business income, a year-on-year increase of 26.11%, and an increase of 10.5 percentage points from the first quarter.

From the specifics of realizing the main business income of key enterprises (groups) in the automotive industry, the growth rate of most companies' revenue in the first four months was higher than that in the same period of last year. From the perspective of growth rate, Geely Group remained the highest among key enterprises, reaching 193.08%, which was basically the same as that in the first quarter; Guangzhou Group, CNHTC Group, Southeast Company, and Huachen Group achieved growth rate of main business revenue exceeding 60%. , respectively, were 76.33%, 73.30%, 67.77% and 66.13%; Chery, Jianghuai, SAIC, Dongfeng, FAW, and Changan also achieved double-digit growth in their revenue from main operations, which were 40.81. %, 33.80%, 23.59%, 19.85%, 17.87% and 11.01%; Nanjing Automotive Group, Beijing Company and Qingling Company achieved revenue growth rate of main business within 10%, respectively 9.96%, 5.04% and 4.74%. From the point of view of growth rate, compared with the first quarter, Beijing, Nanjing Automobile Group, Jianghuai Group, Southeast Company, Dongfeng Company, Guangzhou Group, Qingling Company and Chang'an Company all increased in different degrees. The increase was 0.2%. Between 12.31% and 12.32%, the growth rates of Huachen Group, China FAW Group, SAIC Group, Geely Group, Chery Automobile Group and CNHTC Group declined at different levels, with a range of 1.08 to 44.86 percentage points; Hafei The growth rate of the Group's and Main River's main business income continued to decline year-on-year, with a decrease of 5.71% and 9.24%, respectively, and the decrease was larger than in the first quarter (see the attached table for details).

The rapid growth of profits, part of the company's growth rate fell

In the first four months, the profits, profits, and taxes of major auto industry (groups) realized a rapid growth year-on-year, which was a drop from the first quarter. In the first four months, key auto enterprises (groups) realized a total profit of 18.102 billion yuan, a year-on-year increase of 51.32%, a decrease of 18.58 percentage points from the first quarter, and total realized profits and taxes amounted to 39.445 billion yuan, a year-on-year increase of 3..44%. The increase was 5.04 percentage points lower than the first quarter. Among them, the main business tax and surcharges were 9.959 billion yuan, an increase of 36.08% year-on-year; the VAT payable was 11.384 billion yuan, a year-on-year increase of 10.76%.

From the specifics of realizing the profit of key enterprises (groups) in the auto industry, most companies have achieved profits year-on-year, with growth rates exceeding double digits. Compared with the increase in the same quarter, some companies have declined in different degrees. Chery, CNHTC and Qingling achieved a total profit growth rate of more than 100%, which was 221.81%, 215.06% and 152.94% respectively. Compared with the first quarter, Qingling Company increased 112.72 percentage points, and Chery’s CNHTC Group retreated 188.87 percentage points and 330.08 percentage points respectively. The total profit growth rate of Guangzhou Group, SAIC Group, Nanjing Automobile Group, and Beijing Corporation was also relatively high, which was 71.07%, 57.13%, 53.63%, and 49.57%, respectively; compared with the first quarter, Beijing companies increased by 24.86%. The profit of Nanjing Automotive Group continued to grow, with Guangzhou Group and SAIC Group falling 16.46 percentage points and 14.81 percentage points respectively. The total profit growth rate of FAW Group, Dongfeng Company and Chang'an Company was 34.60%, 22.07% and 16.23%, respectively; compared with the same quarter, Changan Company increased by 12.40 percentage points, FAW Group and Dongfeng Company fell by 1.30 percentage points respectively. 2.93 percentage points. The total profit growth of the Jianghuai Group fell 5.96% year-on-year, a 13.2 percentage point drop from the first quarter. The profits of Huachen Group, Geely Group and Southeast Company achieved a year-on-year change from loss to profit; compared with the same quarter, the company's revenue increased slightly, while Huachen Group and Geely Group decreased in different degrees. The total profit of Hafei Group turned positive, and Changhe Company still suffered losses, and the amount of losses increased from the first quarter.

Increase in the net increase in accounts receivable increased

At the end of April, the net amount of accounts receivable of key enterprises (groups) of the automobile industry was 52.963 billion yuan, an increase of 28.28% year-on-year, an increase of 17.67 percentage points from the end of March; at the end of April, the inventory of finished goods inventory of key enterprises (groups) of the automobile industry was RMB 41.93 billion, an increase of 24.12% year-on-year, representing an increase of 10.89 percentage points from the end of March.

At the end of April, the proportion of net accounts receivable and finished product inventory accounts for current assets of key enterprises (groups) of the automotive industry accounted for 24.32%, which was an increase of 0.47 percentage points from the end of March.


Schedule: Comparison of Growth Rate of Main Business Revenue of Key Enterprises (Groups) in the Automotive Industry from January to April in 2007
Business Name Growth Rate (%) Increased Percentage (+/-)
1~4 months 1~3 months
Beijing company 5.04 2.80 2.24
Chery Corporation 40.81 53.65 -12.84
Huachen Group 66.13 79.13 -13.00
Southeast Company 67.77 55.45 12.32
FAW Group 17.87 62.73 -44.86
Changhe Company -9.24 -1.07 -8.17
Hafei Group -5.71 -0.60 -5.65
Heavy Truck Group 73.30 87.02 -12.72
SAIC Group 23.59 25.47 -1.88
Dongfeng Corporation 19.85 19.24 0.61
Nanjing Auto Group 9.96 6.37 3.59
Guangzhou Group 76.33 76.13 0.2
Geely Group 193.08 194.16 -1.08
Qingling Company 4.74 -0.06 4.68
Jianghuai Group 33.80 27.68 6.12
Changan Company 11.01 7. 9 3.62

CNC Machine

Jiangsu Bestech Industrial Co., Ltd. , https://www.jsbestmachine.com