As of August 28, 2011, 78 listed companies in the automotive and parts industry released the 2011 interim report. These companies achieved a total net profit of 14.7 billion, an increase of 8% year-on-year. After the domestic auto industry has experienced high growth for two consecutive years, the performance growth has slowed down significantly. Over the past two years, driven by policy stimulus and consumption upgrades, many auto companies have consistently achieved high growth. In 2009, 21 domestic automobile manufacturers achieved a total net profit of 14.96 billion yuan, an increase of 4.6 times from 3.22 billion yuan in 2008. Judging from the situation in the first half of this year, the performance of some large vehicle companies has apparently grown sluggishly. For example, the first financial report of BYD, the star company that enveloped Buffett's aura, returned to A-shares. The first financial report showed a significant decline. The net profit in the medium-term was only 275 million yuan, a year-on-year drop of 88.63%. The performance of FAW Car was also not satisfactory. In the first half of the year, the company achieved a total operating income of 19.08 billion yuan, a year-on-year increase of 6.53%, and a net profit of 804 million yuan, a year-on-year decrease of 39.87%. In the first half of this year, the domestic automotive industry encountered changes in markets, resources, and other expectations. With the tightening of national financial and monetary policies, inflation intensification, the withdrawal of automobile encouragement policies, rising oil prices, and Beijing restrictions on purchases, the growth rate of the domestic passenger car market has fallen sharply, and independent products have been hit harder. In addition, due to factors such as falling prices, rising costs and depreciation, many automobile companies have seen their profitability decline in the first half of the year. The top companies in the auto and parts industry are Yaxing Bus and Qingdao Shuangxing. Although the performance of these companies seems to be increasing greatly, they are all due to the small base last year, and their operations are not particularly large. point. Among companies in the automotive and parts industries, Weifu Hi-Tech has grown more prominently, and its performance has actually grown in a contrarian direction. Weifu Gaoke's net profit for the first half of 2011 increased 102% year-on-year. Analysts believe that the company has long benefited from diesel emission upgrades. In addition, from the published data, the company's cash flow has tightened. Last year, the total net cash flow generated by these companies’ operating activities was 10 billion yuan, and this year, the figure was reduced to 5.3 billion yuan. Behind the numbers, is the decline in the degree of auto sales. quartz sand,quartz and sand,quartzose sand,high purity quartz sand,silica quartz sand JAR HING PRODUCTS.,LTD , https://www.jarhingsand.com
78 auto parts companies slowed their net profit growth
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