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Recently, auto listed companies have successively disclosed their interim results. According to the data released so far, due to the sharp decline in the sales of domestic commercial vehicles in the first half of the year, the income and profit of commercial vehicle companies have appeared "big diving."
Statistics show that the cumulative sales of commercial vehicles in the first half of the year reached 1,984,600, a year-on-year decline of 10.4%. Among them, the heavy-duty truck industry with a more pronounced drop in sales volume has even fallen by 31.65%. Affected by this, many domestic commercial vehicle enterprises are hard to "go their own business," and both operating income and profits have become common.
Heavy trucks are the "hard-hit areas" of the commercial vehicle industry
As the "heavy-hit area" of the commercial vehicle industry, the performance of heavy-duty truck companies is the most declining. The semi-annual report recently issued by China National Heavy Duty Truck showed that although the company increased its product structure adjustment efforts in the first half of the year, it also achieved major breakthroughs in the promotion of new models such as LNG, CNG gas vehicles, and HOWO70 mining vehicles, but it was still difficult. The decline in sales and income has been declining. In the first half of the year, the sales of heavy truck heavy trucks totaled 40,300 vehicles, down 34.7% year-on-year, and the market share dropped by 0.6% to 10.8%. The unsatisfactory sales situation led to a 34.19% year-on-year decrease in the company's operating income. The performance of net profit was even less optimistic, with a drop of more than 80%.
Valin Xingma’s performance, which focuses on heavy trucks and special vehicles, also slowed down. According to the semi-annual report of the company, its net profit in the first half of the year dropped 70% year-on-year. Valin Xingma's sales of heavy trucks and special vehicles decreased by 15.4% and 68.3% respectively year-on-year.
In a dismal market, Foton Motors performed slightly better. In the first half of the year, its heavy trucks achieved sales of 46,472 vehicles, a year-on-year decrease of 29.3%, which was lower than the industry's decline rate. The competitiveness has improved, and the market share has increased by 0.4% to 12.5%. According to relevant analysts, the main reason why Foton's heavy-duty truck business outperformed the industry in the first half of the year was due to the availability of lightweight Auman tractors.
Jiangling Motors, which specializes in light trucks and light passengers, are inevitably affected by the decline of the industry. In the first half of the year, the company sold a total of 102,000 vehicles, a year-on-year decrease of 3%, and sales revenue decreased by 5% year-on-year.
The unsatisfactory sales of commercial vehicle vehicles has also caused a sharp increase in the operating pressure of related parts and components companies. Among them, Weichai Power was dragged down by the heavy-duty truck industry. In the first half of the year, the company's revenue fell by 26.12%, and net profit declined by a much higher rate of 45.82%. The Weifu Hi-tech Division, which mainly produces fuel injection systems and air intake systems, has also significantly reduced its orders, resulting in a drop in operating income by more than 19%; net profit was only 446 million yuan, a drop of 30.77%.