The hottest quarterly financial report has been re

2022-09-22
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The financial report of the first quarter came out: the net profit of heavy truck quadrupled, which is bright.

Abstract: the plates are big, and there are places to spend money everywhere: investment and construction of new plants, research and development of new technologies, upgrading of product lines, optimization of product structure, bicycle profit control... The larger the scale, the higher the income of enterprises, the more places to spend money. Finally, the net profit is really not comparable to those smaller competitors in the same industry

in May, all listed auto companies released their financial reports for the first quarter of 2017. In the first quarter, the sales volume of truck manufacturers increased, and good news came frequently. Do you earn more if you sell more? That's not necessarily true

note: net profit rate of revenue = net profit/operating revenue, which is an important indicator to measure the profitability of an enterprise.

according to the financial report analysis data of various listed auto enterprises, in the first quarter, JAC's operating revenue was 13.675 billion yuan and Futian's operating revenue was 10.973 billion yuan, making it the only two enterprises with a revenue of more than 10 billion yuan; However, the net profit rate of revenue of both companies is not high. The operating revenue of more than 10 billion yuan in the first quarter of Foton is only a net profit of more than 71 million yuan, and the net profit rate of revenue is only 0.65%; Jac's net profit margin of revenue is relatively good, 1.87%, almost three times that of Foton

third, Jiangling Motors' operating revenue in the first quarter was 8.156 billion yuan, with a net revenue margin of 2.8%, ranking first among the six major auto companies, and can be called the most profitable auto company. Next, heavy truck (Jinan truck Co., Ltd.) had an operating revenue of 7.137 billion yuan in the first quarter, with an operating net profit rate of 2.79%, almost the same as that of Jiangling, and its performance was also very excellent

Dongfeng Co., Ltd. had an operating income of 3.836 billion yuan in the first quarter, but eventually lost more than 6 million yuan, becoming the only enterprise with a net loss among the six listed auto companies; The operating revenue of Valin Xingma in the first quarter was 1.38 billion yuan, ranking last, and its net profit margin of revenue was 0.72%

● JAC automobile: revenue and net profit both decreased

the operating revenue of JAC automobile in the first quarter was 13.675 billion yuan, a year-on-year decrease of 6.47%; The net profit was 256 million yuan, a year-on-year decrease of 7.47% - in fact, the growth of JAC's operating revenue has gradually weakened since 2016, and finally fell to negative growth in the first quarter of this year, and its net profit also fell below the level

according to its financial report disclosure, JAC has recently suffered a series of "half cuts in the field of traditional passenger cars and new energy vehicles, and all words should not appear on the page". However, many problems, such as the decline of passenger vehicle gross profit margin, low single vehicle profit, the mediocre performance of the mainstream market that focuses on power, and excessive reliance on new energy subsidies, finally led to the "double drop" of JAC's operating revenue and net profit in the first quarter

in the field of commercial vehicles, JAC performed well and increased significantly. In the first quarter, JAC light truck increased by 13% and heavy truck increased by 89.62%, diluting its losses in the field of passenger cars and new energy vehicles to a certain extent

● Foton Motor: revenue increased by 31.92% year-on-year, net profit increased by 26.18% year-on-year

Foton's operating revenue in the first quarter was 10.973 billion yuan, up 31.92% year-on-year; The net profit was 72 million yuan, up 26.18% year-on-year. Relatively speaking, Foton's operating revenue and net profit in the first quarter were good, and it is a rare "double rise" enterprise

Foton Auman EST super truck 460 HP 6x4 tractor

Foton sold 151601 vehicles in the first quarter, an increase of 31.31% over the same period last year. Among them, the sales volume of medium and heavy trucks was 29530, an increase of 58.4% over the same period last year; The sales volume of light trucks (including micro trucks) reached 94338, an increase of 12.7% over last year. Light trucks still rank first in the industry in China

Foton stated in its first quarter financial report: the next step will be to accelerate the launch and promotion of lightweight products, adjust the structure in time, meet market demand and improve market competitiveness; At the same time, accelerate the development and launch of five products with the substantial expansion of power battery capacity in China, and do a good job in the listing and promotion of new products

● Jiangling Motors: revenue increased by 52.69%, net profit decreased by 44.72%

the operating revenue in the first quarter was 8.155 billion yuan, with a year-on-year increase of 52.69%, but the net profit was only 228 million yuan, a sharp drop of 44.72%. According to the first quarter financial report of Jiangling, the main reason for the decline in profits is the change in sales structure and the reduction of government subsidies

Jiangling Kaiyun upgraded wide body 116 HP 4.1-meter single row van light truck (hydraulic brake)

Jiangling Motors achieved growth in sales and operating revenue in the first quarter, but its net profit fell year-on-year. In the first quarter, the sales volume of Jiangling Automobile was 79553, with a year-on-year increase of 31.99%. Among them, Jiangling Yusheng brand products performed prominently, with a year-on-year increase of more than four times

what are Jiangling's plans for the next step? Some time ago, Jiangling launched Weilong heavy truck at Shanghai auto show, mainly for the long-distance transportation market; Next year, special vehicles such as dump trucks, mixer trucks, warehouse grate trucks and lift trucks will be launched for the construction industry. It seems that Jiangling is trying to launch more models to meet the needs of various market segments, and Jiangling has a wide range of plans in the future

▎ heavy truck (Jinan truck Co., Ltd.): the net profit increased nearly four times, with the largest increase

the operating revenue of heavy truck (Jinan truck Co., Ltd.) in the first quarter was 7.137 billion yuan, an increase of 84.72% year-on-year; The net profit was 199 million yuan, up 371.49% year-on-year, almost four times. It can be called the enterprise with the largest growth rate of net profit in the industry

SINOTRUK santrak c7h 540 HP 6x4 tractor

sinotruk (Jinan truck Co., Ltd.) explained in the first quarter financial report that due to the impact of national policies and the warming of the industry, the production and sales volume increased significantly compared with the same period last year. According to statistics, the sales volume of Haohan has reached 6000 in the first quarter, and the star product howo-t series is the head Huadan of China National Heavy Duty Truck Sales Department, helping China National Heavy Duty Truck Sales Department to open up multiple markets such as express delivery

in fact, since the cooperation between sinotruk and Manchester United in 2012, it has put road vehicles on the height of making up for shortcomings. In 2016, the sales volume of road vehicles of the Sales Department of SINOTRUK has reached 54.8% of the total sales volume, and the sales volume of road vehicles has increased by 42.7% year-on-year. While the traditional advantageous products, dump trucks and mixer trucks, rank first in the industry, of which muck trucks account for 30% of the total sales volume of the country

at present, from the perspective of product structure, China Heavy Truck Sales Department has formed a pattern that road vehicles and engineering vehicles complement each other and go hand in hand

● Dongfeng shares: in the first quarter, the revenue increased by 15.85%, but the loss was 06 million

in the first quarter, Dongfeng shares achieved an operating revenue of 3.836 billion yuan, up 15.85% year-on-year; However, its profit margin suffered a sharp decline, and the final net loss in the first quarter was 06million yuan

Dongfeng Dorica D9 Zhongka 160 HP 4x2 6.2m half rail truck

the business scope of Dongfeng Co., Ltd. is mainly focused on the production and manufacturing of light trucks, passenger cars, Dongfeng Cummins engines and related parts. Dongfeng Co., Ltd. sold 40118 vehicles of various types in the first quarter, a slight decrease of 0.57% year-on-year. Among them, a total of 16919 light truck vehicles were sold, a year-on-year decrease of 2.87%; A total of 10805 truck chassis were sold, with a year-on-year increase of 31.40%

insiders pointed out that Dongfeng light truck product series is relatively backward, its Dongfeng Dorica, freica and other products have not been updated for a long time, and other products are in an embarrassing situation of suspension of sales, so it is difficult to make a breakthrough in the fierce market competition

in fact, at present, heavy truck, Foton, JAC and other major manufacturers are optimizing and upgrading their product structure, and the speed of product upgrading is accelerated. If Dongfeng Co., Ltd. does not catch up, its losses will only further intensify

● Valin Xingma: the operating revenue doubled, and finally turned losses into profits

in the first quarter, the operating revenue of Valin Xingma was 1.38 billion yuan, up 106.96% year-on-year, and the revenue doubled; Although its net profit was only 9.93 million, it finally reversed the long-term loss situation and made little progress

as we all know, Valin Xingma has been committed to promoting the R & D and promotion of its own Hanma power in recent years, which is a very "money burning" move; Despite the increase of government subsidies (on November 30, 2016, Valin received 22.5 million R & D subsidies for the "national fourth vehicle model"; on December 28, Valin received another 172 million government subsidies), it has not achieved real independent, stable and long-term growth. China Zhongwang signed a contract with Jaguar Land Rover

from the production and sales data, the sales volume of Valin heavy trucks in the first quarter increased by 1. Coupled with the festive label of 06.66%, the rise was strong. And its Hanma power is also very successful. It is reported that at present, the loading rate of Hanma engine in Valin vehicle products has reached 75%, which can be said to have completed its own transformation and upgrading. Perhaps, the child who made great efforts to invest and cultivate at the beginning has reached the time to earn money to repay his mother

let's wait and see what the revenue of Valin will be like next

generally speaking, people will think that "the higher the income, the more you earn". In fact, it's not always true when you think about it carefully

I believe there are many such examples around you: many people who work in first tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen have a monthly salary of 10000 or 20000, but excluding rent, food, transportation, daily consumption and other expenses, there are many people who have nothing left or even debt in a month, which is called zero profit or net loss

in contrast, some of our truck drivers earn only a few thousand yuan, but this is a net fall. They earn more than the "white-collar" workers in the city in a year

especially for these listed enterprises, the plates are bigger, and there are places to spend money everywhere: investing in new plants, developing new technologies, upgrading product lines, optimizing product structure, and controlling single vehicle profits... The larger the scale, the higher the income, the more places to spend money. Finally, the net profit is really not comparable to those smaller competitors in the same industry

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