According to special reporter Yang Xiaolin, statistics released by the China Association of Automobile Manufacturers in the middle of August showed that in the first half of this year, China's auto industry key enterprises (groups) had a total realized profit of 30.206 billion yuan, a net increase of 11.497 billion yuan compared with the same period of last year. Yuan, an increase of up to 65.79%.
At the information conference held at the Beijing Asian Games Village Auto Trade Market, Zhu Yiping, Director of the Information Department of the China Automobile Industry Association, disclosed to the outside world the economic benefits of key enterprises (groups) in the automotive industry in the first half of the year. According to Zhu Yiping, in the first half of the year, other key economic indicators (except for asset-liability ratios, such as production and sales ratio, return on net assets, and cost-cost margins) were all higher than those of the same period of last year. The added value was 109.148 billion yuan, a year-on-year increase of 34.13%, which was significantly higher than the 18.50% growth rate of the industrial added value of enterprises above designated size in the country.
According to Zhu Yiping, in the first half of the year, key automakers (groups) of the automotive industry realized a total of 486.37 billion yuan in main business income, an increase of 26.58% year-on-year, and 14 of the country’s 16 key automakers achieved revenue from their main operations more than in the same period of the previous year. Among them, the first echelon led by FAW Group, SAIC Motor and Dongfeng Group all exceeded RMB 80 billion in the first half of the year. Following the first tier are GAC, BAIC, Chang'an, Brilliance, CNHTC, Chery and JAC.
In the analysis of the reasons for the rapid growth of profits and total profits and taxes of major domestic automakers in the first half of the year, Zhu Yiping pointed out: “The country’s macroeconomic growth, main business income growth rate is higher than the cost increase rate, key automakers strengthen management and financial expenses have decreased significantly ( The drop of 83.80% is the four most important factors."
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