In recent days, about 40% of auto companies in Shenzhen and Shanghai have announced the third quarter report. In general, although half of the company's revenue continued to increase year-on-year in the third quarter, 80% of the company's net profit declined year-on-year. There are almost no sedan companies. Fortunately, 20% of the companies are mainly passenger cars and auto parts companies. Types of cars: Gross profit down expenses increased by the number of listed companies in cars. Among them, Shanghai Automotive (600104)'s third-quarter net profit fell 23% year-on-year; Chang'an Auto (000625) fell 32% year-on-year. The decline in the price of cars and the substantial increase in operating expenses are two main reasons for the profitability of companies. Companies have either actively or passively adjusted the price of their products. With regard to the substantial increase in operating expenses, companies have often explained that because of fierce market competition, marketing costs have been forced to rise significantly. It is worth noting that the receivables and inventory of some companies have increased significantly compared to the beginning of the year. Passenger Cars: Gross profit margin further downgraded In addition to Yaxing Bus (600213), other bus companies’ sales revenue maintained a certain growth in the third quarter. Although the gross profit margin of passenger cars has been at a relatively low level, mostly between 10% and 15%, due to fierce competition, the gross profit margin of passenger cars in the third quarter was further reduced, resulting in a decrease in the profits of each company. Cargo category: macro-control impact Big Star Ma Automobile (600375) dominated products are bulk cement trucks and concrete pump trucks, and other special vehicles. In the third quarter, the company's main business income and profits all dropped by about 40%, the company said, mainly Affected by the country’s macroeconomic control policies such as the suppression of investment in overheated industries, investment in fixed assets and the scale of banks’ tightening auto consumer credit. Auto parts: hard to increase profits, most auto parts listed companies continued to maintain a good growth momentum in the third quarter, but due to the decline in vehicle prices, coupled with high raw material prices such as steel, auto parts sales Gross margin also generally declined, which directly led to a year-on-year decline in the company's net profit in the third quarter. (According to "Securities Times")
In the first three quarters, Bacheng Motor Company's net profit declined
In recent days, about 40% of auto companies in Shenzhen and Shanghai have announced the third quarter report. In general, although half of the company's revenue continued to increase year-on-year in the third quarter, 80% of the company's net profit declined year-on-year. There are almost no sedan companies. Fortunately, 20% of the companies are mainly passenger cars and auto parts companies. Types of cars: Gross profit down expenses increased by the number of listed companies in cars. Among them, Shanghai Automotive (600104)'s third-quarter net profit fell 23% year-on-year; Chang'an Auto (000625) fell 32% year-on-year. The decline in the price of cars and the substantial increase in operating expenses are two main reasons for the profitability of companies. Companies have either actively or passively adjusted the price of their products. With regard to the substantial increase in operating expenses, companies have often explained that because of fierce market competition, marketing costs have been forced to rise significantly. It is worth noting that the receivables and inventory of some companies have increased significantly compared to the beginning of the year. Passenger Cars: Gross profit margin further downgraded In addition to Yaxing Bus (600213), other bus companies’ sales revenue maintained a certain growth in the third quarter. Although the gross profit margin of passenger cars has been at a relatively low level, mostly between 10% and 15%, due to fierce competition, the gross profit margin of passenger cars in the third quarter was further reduced, resulting in a decrease in the profits of each company. Cargo category: macro-control impact Big Star Ma Automobile (600375) dominated products are bulk cement trucks and concrete pump trucks, and other special vehicles. In the third quarter, the company's main business income and profits all dropped by about 40%, the company said, mainly Affected by the country’s macroeconomic control policies such as the suppression of investment in overheated industries, investment in fixed assets and the scale of banks’ tightening auto consumer credit. Auto parts: hard to increase profits, most auto parts listed companies continued to maintain a good growth momentum in the third quarter, but due to the decline in vehicle prices, coupled with high raw material prices such as steel, auto parts sales Gross margin also generally declined, which directly led to a year-on-year decline in the company's net profit in the third quarter. (According to "Securities Times")