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The listed car enterprises in bad karma
Date:2013/10/15

2011 really is the sad year of car prices. In the market growth sharply in the background, had deep pockets of car prices, a purse.  

by the end of the month, the domestic automobile listed company announced full performance in 2011, the profit growth, almost Starving people fill the land. In the passenger car as the main business of listed companies, only SAIC, Geely Automobile, the Great Wall automobile and brilliance auto four to get a larger increase in the rest of the general decline in the growth rate recorded the largest decline, reaching nearly 90% more.

biggest profit fell nearly 90%

, last year's profit "loss of blood", the most important is FAW car. According to FAW car announced, in 2011 revenue fell 12.45% to 32 billion 650 million yuan, but the net profit dropped by 88.34% to about 220 million yuan. Such a large decline, in addition to the overall market cooling impact, FAW car pointed out, "because of intense competition in the automobile market, the terminal price competition, product sales price range down; the rising yen, raw material prices and other factors increase the company's cost pressures, comprehensive factors contributing to the profitability of reduced business profit, total profit, net profit, earnings per share were up sharply reduced data."

BYD also recorded second consecutive profit decline. In 2011, although BYD's turnover was quite the same as that of the previous year, the profit margin declined by 45.13% to 1 billion 384 million yuan, and a larger decline was expected in the first quarter, down from 65%-95%. In the car business, BYD sales fell 13.33% last year, but sales revenue also rose slightly, gross margin decreased by 2 percentage points. BYD said: "despite the decline in car sales, benefit from changes in vehicle structure, auto business revenue is still slightly growth."."

JAC's net profit last year was as high as about 47Þcline, only 618 million yuan, but revenue has increased by 2.58%. Jac said that last year's sales and sales of 91.4% and 93% respectively of the annual operating plan, but due to rising raw material prices and other adverse factors, leading to a sharp decline in profits.

"Qian Jing" differentiation serious

, in fact, between car prices are seriously divided. Industry leader "SAIC", last year net profit of more than 20 billion yuan, an increase of more than 20%, the Great Wall motor, Geely Automobile and other profit growth of the car prices, an increase of two figures. Car listed companies last year, the performance of the existing small part of the rapid growth, most of the rapid decline in the situation.

looking at the industry as a whole, it doesn't seem so bad. According to the Automobile Association of automobile industry 17 key enterprises (express) economic growth situation, the main index of automobile industry key enterprises showed a certain extent 11 year ago. Operating income increased 1-11 month growth of 9.60%, higher than the same period last year fell 31.92 percentage points; total profit grew 11.25%, higher than the same period last year fell 65.92 percentage points; total profit grew 12.81%, higher than the same period last year fell 45.16 percentage points.

from the car prices "money king" differentiation situation, can maintain stable sales scale, sales growth, better product structure and ability to resist rising costs, become the key to wrestling.

from SAIC, Geely Automobile, the Great Wall car and four China brilliance won last year profit growth enterprises, because SAIC continued to lead the market's three joint venture enterprises, and maintain a good state of sales scale and growth, leading the market is almost Yiqijuechen; while the other two achieved considerable profit growth is the private car Geely and the Great Wall car, if compared to nearly two years of profit decline and BYD can be found in the Great Wall and Geely have realized the transformation of more robust, optimize the product structure, so as to improve profitability; and brilliance can achieve growth, mainly from its high quality resources joint venture of BMW brilliance.

this is highlighted, in the domestic car market micro growth era, the beginning of the year, the pressure of competition has been fully revealed.

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Harbin Ai Rui emissions control technology Limited by Share Ltd

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