The profit rate of auto enterprises is two distinct

In the first quarter of this year, the domestic automobile market achieved rapid growth. The net profit of the overall Chinese listed companies that benefited from this showed an overall increase, reversing the downward trend of the previous year. According to data compiled by reporters, in the first quarter of this year, the total revenue of 23 Chinese listed companies listed in Shanghai and Shenzhen rose by 12.4%, and the total net profit increased by 5.3%. Among them, the highest increase is FAW Car, BYD and Changan Automobile.

FAW Cars, which have been losing money for many years, turned losses into profits in the first quarter of this year, with a loss of 10.86 million yuan in the same period last year and a net profit of 356 million yuan in the first quarter of this year. The reason is not only related to the recovery of the auto market and the increase in sales volume of the company, but also related to the depreciation of the yen and the decrease in the cost of imported parts and components.

Although BYD's net profit plummeted by 90% for the entire year and it only achieved 81.38 million yuan, net profit in the first quarter of 2013 soared by 316% to 112 million yuan (over the full year of last year). The company expects its net profit for the first half of this year to accumulate 400 million to 500 million yuan, an increase of 2356.5% from the same period last year, to 2973.1%. It is mainly based on the expectation that sales of BYD vehicles will increase year-on-year in the first half of the year and drive the overall profitability of the automotive business to increase. At the same time, the mobile phone parts and assembly business will be expanded, while the loss of the photovoltaic business will be reduced.

Chang'an Automobile's first-quarter net profit increased 275% YoY to RMB 549 million, which was mainly due to the high sales of its own brand (a 121% increase in the first quarter) and Changan Ford’s sales growth.

In addition, Jianghuai Automobile and Great Wall Motor also achieved high net profit growth in the first quarter. JAC's net profit rose 93% to 208 million yuan; Great Wall Motor increased 73.4% to 1.896 billion yuan. Among 23 companies, net profit was second only to SAIC, and its 14.9% net profit was the highest among these companies. The first-quarter net profit growth of Haima Motors, Jinbei Automobile and China National Heavy Duty Truck exceeded 20%.

However, there are also many companies in the first quarter of this year, net profit fell or even a loss. FAW Xiali, Dongfeng Motor, Shuguang Co., Ltd., Yaxing Bus and China Aviation Panthers suffered losses in the first quarter of this year. Among them, the losses of Yaxing Bus and CNAF Panther have decreased compared to the same period of last year; the loss of Shuguang shares has increased slightly; Dongfeng Motor and FAW Xiali have turned from profit to loss; they have lost 44.83 million yuan and 58.14 million yuan respectively in the first quarter of this year, while last year During the same period, the net profits of 53.38 million yuan and 54.86 million yuan were realized respectively, and the reasons were all related to the decline in sales volume of enterprises.

In addition to the loss-making enterprises, net profit declined in the first quarter of this year, including Ankai Bus, Foton Motor, GAC Group, Jinlong Auto, Lifan and Zhongtong Bus. Among them, Foton Motor's net profit fell the most, down 86.6% year-on-year to 190 million yuan, mainly due to the same period last year, the company invested in the Futian Daimler joint venture company, the company confirmed the value of the resulting increase in base value. The net profit of Ankai Bus and Guangzhou Automobile Group dropped by 52.6% and 47% respectively. The net profit of Golden Dragon Motors, Lifan Motors, and Zhongtong Buses both dropped by more than 10%.

Triangle Puzzle Mat

Triangle Puzzle Mat is a modern and fashion foam puzzle mat compared with the normal square puzzle mat. It looks great in any room of the house will add to your home`s decor and style. While providing a safer environment for play and learning time.

Take them with you on picnic or camping or place in your kid room and have fun on these soft and safe puzzle mats. Comfortable to walk on and fun to play on these mats will become favorite of your kids. Available in beautiful colors you can put them together in any funky design and shape.

Triangle Puzzle Mat,Kids Triangle Puzzle Mat,Triangle Foam Puzzle Mat,Interlocking Triangle Puzzle Mats,Triangle Kids Foam Puzzle Mat,Triangle Interlocking Puzzle Mat

Huizhou City Melors Plastic Products Co., Limited , https://www.melorsfloor.com