The semi-annual report of the auto makers floats across the board: earning more than 180 billion yuan in profits

As of last Friday, the mid-year report of nearly 20 auto listed companies revealed that the first half of the year's results were all over the board. Under its boost, the total profits of the auto industry in the first half of the year exceeded 180 billion yuan, an increase of more than 140% over the same period of last year.

Prior to the press release last Friday, the company included Shanghai Automotive, Beiqi Futian, Jianghuai Automobile, Jiangling Motors, FAW Car, FAW Xiali, Jinlong Automobile, Ankai Automobile, Yutong Bus, Yaxing Passenger Car, Xingma Automobile, Huayu Automobile and FAW. Nearly 20 auto listed companies, including Fuwei, Dongan Power, Geely Auto and BYD, announced semi-annual reports.

Shanghai Automotive Leads Earnings Growth

In the first half of the year, the listed auto companies with more than 300% earnings growth include Shanghai Auto, JAC, FAW Xiali, Xingma Automobile and Ankai Auto. And Shanghai Autos has achieved outstanding performance.

In the first half of the year, SAIC Motor’s operating profit was 12.73 billion yuan, an increase of 42.931% year-on-year. During the reporting period, Shanghai Automotive sold 1.776 million vehicles, an increase of 44.9% year-on-year, and continued to maintain its leading position in the domestic market.

According to the report, Jianghuai Automobile achieved an operating profit of 568 million yuan, a year-on-year increase of 683.28%, and an operating revenue of 16.16 billion yuan, an increase of 73.31% year-on-year. FAW Xiali achieved a total operating income of 4.88 billion yuan, an increase of 11.04% over the same period of last year, and an operating profit of 290 million yuan, an increase of 424.2% year-on-year. Ankai Automobile achieved an operating profit of RMB 24 million, an increase of 226.39% year-on-year. Xingma Automobile achieved a net profit of 149 million yuan, an increase of 341.24% over the same period of the previous year, and achieved an operating profit of 173 million yuan, an increase of 311.08% over the same period of last year.

Shanghai, Shenzhen and Hong Kong listed auto stocks floated

Other automobile stocks listed in Shanghai, Shenzhen, and Hong Kong in the first half of the year were also full of red flags.

According to the report, Beiqi Foton achieved an operating profit of RMB 1.313 billion in the first half of the year, an increase of 136.2% year-on-year, and realized a total profit of RMB 1.35 billion, a year-on-year increase of 134.94%. In the first half of the year, the company achieved sales of 371,112 vehicles, with a market share of 15.8%, and continued to maintain its sales volume in the domestic commercial vehicle industry.

In the first half of the year, FAW Cars achieved an operating profit of 1.608 billion yuan, an increase of 159.71% year-on-year, and a total profit of 1.6 billion yuan, an increase of 161.22% year-on-year. Jiangling Motors achieved an operating profit of 1.245 billion yuan, an increase of 127.23% over the same period last year, and a total profit of 1.241 billion yuan, a year-on-year increase of 125.6%. Yutong Bus achieved an operating profit of 404 million yuan, an increase of 86.62% year-on-year, a net profit of 362 million yuan, an increase of 88.06% year-on-year, and a total profit of 416 million yuan, a year-on-year increase of 86.78%.

The Hong Kong-listed Geely Automobile and BYD Co., Ltd. also achieved rapid growth in their first-half results. Geely Automobile achieved a turnover of 9.236 billion yuan in the first half of the year, an increase of 55% year-on-year, and a profit of 912 million yuan, a year-on-year increase of 139.4%. The BYD shares, which were also listed in Hong Kong, achieved a profit of 2.588 billion yuan in the first half of the year, a year-on-year increase of more than 100%. Among them, the turnover of automobile business increased by approximately 46.34% to 12.99 billion, accounting for 53.58% of the total turnover of the Group.

Parts companies are not to be outdone

A public listed company is not to be outdone.

SAIC's Huayu Automotive achieved an operating profit of 2.416 billion yuan in the first half of the year, an increase of 166.53% year-on-year. FAW-owned FAW Fuwei achieved operating income of 2.838 billion yuan in the first half of the year, an increase of 108.14% year-on-year, and achieved a total profit of 266 million yuan, a year-on-year increase of 153.66%. Dongan Power achieved a sales income of 1,342.95 million yuan in the first half of the year, a year-on-year increase of 21.42%, and a net profit of 102 million yuan, an increase of 8.38% year-on-year.

Thanks to the improvement of the market, a number of auto listed companies were able to turn around in the first half of the year. According to the report, Zhongtong Bus achieved an operating profit of RMB 19 million in the first half of the year, compared with a loss of RMB 9.11 million in the same period of last year. The Yaxing Bus realized a net profit of 2.71 million yuan. In the same period last year, Yaxing Bus had a loss of 24.18 million yuan.