Parts companies generally surged in the first half
Compared with the previous vehicle companies, in the first half of this year, the performance of the upstream parts and components companies generally rose sharply, and the market performed far better than it did.
It is understood that in the stable growth of the industry, the performance of domestic mainstream component companies has risen sharply as a whole. Statistics on the total revenue of the 20 component companies in the first half of the year amounted to 140.9 billion yuan, a year-on-year increase of 9.2%, and net profit climbed from 7.72 billion yuan to 11.076 billion yuan, a surge of 43.5%, an increase far exceeding the increase in revenue. Its average net profit rate increased substantially, by 1.9 percentage points year-on-year to 7.9%.
Tire business performance is relatively poor
Of these companies, more than 80% of the companies’ net profits rose, while only three fell. Among them, Shangchaigufen first half net profit of 92.19 million yuan, down 15.2%. The company stated that this was mainly due to the increase in marketing expenses for new products and the decrease in government subsidy income from the same period last year. The other two companies are tire companies - S, Jia Tong, and tires A, its net profit fell 6.3% and 13.5% in the first half of this year to 89 million yuan and 104 million yuan.
As rubber and other raw materials prices continue to operate at low levels, the average sales of tires are lower than in the past. Compared with other types of companies, the overall performance of tire companies in the first half of the year is relatively unsatisfactory. In addition to S Galleon and A tires A, net profits of Aeolus and Shuangqian shares only increased by 4.1% and 2.6% in the first half of the year, respectively. Although the net profit of Racing shares surged by 51.8% (from 130 million to 197 million) ), but this is mainly due to the completion of its acquisition of a controlling stake in Jinyu Industrial, resulting in an increase in the scope of consolidated statements.
Weichai Power's net profit soared by 80%
The net profit of Ningbo Huaxiang, Weichai Power , Weifu Hi-Tech and Lingyun Co. also increased by more than 50% during the first half of the year, which was due to the increase in investment income. Among them, Weichai Power's first-half net profit increased by 80.6% to 3.765 billion yuan, far ahead of other companies, and its substantial increase in net profit was mainly due to the one-time investment income brought by KION. Weifu Hi-Tech is still the company with the highest net interest rate in this article's statistics. The net interest rate in the first half of the year was as high as 23.8%, up 5.3% year-on-year, and net profit increased 58.0% to 841 million yuan.
The first-half net profit of Camel, Wanfeng Aowei, FAW Fuwei, Fengfan, Huayu Automobile and Wanxiang Qianchao all increased by 30%-50%. Among them, Huayu Automobile is still the company with the highest revenue. In the first half of this year, revenue reached RMB 36.624 billion, up 10.1% year-on-year, and net profit increased by 33.3% to RMB 2.287 billion.
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