SAIC plunged 16 billion yuan into a profitable Wang Yiqi car Matting Agent For Leather Coatings Matting Agent For Leather Covering,Silica Powder For Leather Paint,Best Leather Paint Agent Silica 7631-86-9 Guangzhou Quanxu Technology Co Ltd , https://www.silicamattingagent.com
At the end of August, a number of listed car companies took the last last bus to issue a semi-annual report. From the net profit and half-year sales of the 14 car companies that have announced the first half of the financial report, it is a few happy ones.
Among them, in terms of net profit, SAIC Group has been far ahead of the performance of 15.958 billion yuan in the first half of the year and has become a well-deserved profitable king. Compared with the second-ranked Dongfeng Motor Group (net profit of RMB 7.037 billion in the first half of the year) and the third-ranked Guangzhou Automobile Group (net profit of RMB 6.183 billion in the first half of the year), the sum of the net profit of the latter two is still better than SAIC Group has a total of 2.738 billion yuan.
Among the 14 listed car companies, only FAW Xiali’s net profit was negative, with a loss of 686 million yuan. The FAW sedan, which belongs to FAW Group, achieved a turnaround in its performance in the first half of the year, and its net profit increased by 132.74% year-on-year.
At the same time, the net profit of seven car companies fell year-on-year, namely FAW Xiali, Changan Automobile, Great Wall Motor, Jianghuai Automobile, BYD, Haima Automobile and Lifan. Among them, Haima Motors lost the most, and its net profit decreased by 86.04% compared with the same period of last year.
It is worth noting that the largest change in net profit among the 14 car companies is Zhongtai Auto. The net profit for the first half of the year reached 222 million yuan, a year-on-year increase of 495.12%.
In terms of sales volume, there were three car companies that sold more than one million units in the first half of the year, namely SAIC, Dongfeng Motor Group and Changan Automobile. The largest change in sales volume was Geely Automobile, which increased by 89% year-on-year.
Cui Dongshu, secretary-general of the Association, said that the market continued to slump this year because the market was overdraft and still in the process of recovery. The external environment such as the property market also had certain adverse effects. He said that the car market still needs to be cautious in the second half of this year, and the retail trend in the second half of the year is not optimistic.
　　 SAIC into profitable king
Affected by factors such as the adjustment of small-displacement vehicle purchase tax, in the first half of this year, the growth rate of vehicle sales in the domestic market fell by 3.2 percentage points to 4.2%.
In this context, on August 29, SAIC Group released the 2017 semi-annual report. In the first half of the year, the Group achieved a total operating income of 396.406 billion yuan, a year-on-year increase of 12.85%; net profit increased by 5.96% year-on-year to 15.958 billion yuan.
In terms of sales volume, from January to June, SAIC Group achieved 3.175 million vehicle sales, a year-on-year increase of 5.8%, and the domestic market share reached 23%, an increase of 0.2 percentage points over the same period last year.
In this regard, the relevant person in charge of SAIC Group told reporters that in recent years, in the face of changes in the market and industry structure, SAIC Group is continuously exerting the overall competitive advantage of the industrial chain and expanding its leading position in the domestic market.
According to the segmentation brand, its own brand vehicle business has grown rapidly. Self-owned brand passenger cars Roewe and MG sold a total of 234,000 units in the first half of the year, up 113% year-on-year; SAIC Chase sold 28,000 units in the first half of the year, up 30% year-on-year. In contrast, the sales growth of its joint venture brand was weak. SAIC Volkswagen sold 970,000 units, which was the same as that of the same period of last year. SAIC GM sold 867,000 units, a year-on-year increase of 4%.
In this regard, Founder Securities analyst Yu Te said that although its own brand is still not profitable in the first half of the year, it has significantly reduced losses, and continues to maintain sales growth momentum is expected to contribute to the growth of the year. Industrial Securities also mentioned in the research report that from the second half of this year to the first half of next year, SAIC Group will welcome the harvest from the main brand.
　　 FAW Department's two companies' performance differentiation
Many insiders believe that FAW Group, which has undergone the transfer of its head, has ushered in new development opportunities. On August 30, FAW Car and FAW Xiali simultaneously disclosed the semi-annual report. In the first half of the year, FAW Car achieved a year-on-year turnaround, while FAW Xiali’s loss increased year-on-year.
According to the data, in the first half of this year, FAW Car's revenue was 13.401 billion yuan, a year-on-year increase of 57.84%, and net profit was 270 million yuan, an increase of 132.74% from the loss of 826 million yuan in the same period last year.
The company said that it is actively promoting the implementation of various business measures, by speeding up the launch of new products, successfully launching the new Pentium X40, optimizing product layout, improving marketing capabilities, etc., to fully improve the quality of operations and efficiency, and turn off the operating results.
It is reported that after Xu Liuping went to any steam, he had proposed to find the bottom within one month, and to propose a reform and development plan within two months, and put it into practice within three months. In the 10 days after he took office, he conducted four investigations on FAW Car and conducted several work communication with Hu Wei, general manager of FAW Car.
According to this statement, FAW Car is undergoing a series of adjustments including institutional changes and work style changes.
However, compared with the beautiful “turning over†of FAW Car, the performance of FAW Xiali is still not satisfactory. Data show that FAW Xiali's revenue for the first half of this year was 623 million yuan, down 37.9% year-on-year, and net profit loss was 686 million yuan, down 32.17% from the loss of 519 million yuan in the same period last year.
The statement given by FAW Xiali is that the company's internal product structure adjustment has not yet been completed. The reporter checked the data and found that due to the aging and structural singleness of the existing models, the total sales volume of FAW Xiali was only 11500 units in January-June this year, down 39.38% year-on-year. Our matting agents' main material is silica dioxide, a natural material that can be found in quartz or sand. We change the original silica dioxide's chemical parameters to make it turn into different types silica Matting Agent that are suitable to use in different using areas.
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