In the past 10 years, competition in the auto industry has become increasingly fierce. Auto parts companies are faced with not only the increasingly stringent safety and energy saving requirements of the automotive industry, but also the need for independent research and development technologies that require rapid progress and product upgrading, as well as cross-border parts and components. The company's strong competitive pressures. Recently, 74 auto parts companies listed on the Shanghai and Shenzhen stock markets have announced the third quarter of this year’s performance report. The operating performance of these 74 companies is the best summary report of China’s auto industry development. It is worth mentioning that many companies are very optimistic about the market changes in the fourth quarter of this year and the operating results this year. Huayu Weichai Leads Industry Revenue Growth According to statistics from companies in the third quarter of this year, the total operating income of 74 auto parts companies was approximately 252.238 billion yuan in the first three quarters of this year. More than 70% of the company's operating income grew steadily compared to the same period of last year, and the operating income of 39 companies increased year-on-year. The rate is above 10%. From the net profit of the listed shareholders (hereinafter referred to as “net profitâ€), the total net profit of 74 auto parts companies was approximately RMB 15.119 billion, about 30% of the company’s net profit fell compared to the same period last year, and 30 companies’ net profit increased year-on-year. More than 20%. Hua Yu Automobile and Weichai Power still lead other companies. In the first three quarters of this year, Huayu Automotive completed an operating income of 50.675 billion yuan, an increase of 17.08% over the same period of last year, and achieved a net profit of 2.569 billion yuan, an increase of 8.42% over the same period last year. Huayu Automotive stated that although the domestic macroeconomic growth slowed further, the domestic passenger car market still maintained a good growth rate. The stable cooperation relationship between Huayu Automotive and its customers prompted Huayu Automotive to continue its good growth performance in the first half of the year. . The first three quarters of Weichai Power's operating income was approximately 43.332 billion yuan, an increase of 19.48% and a net profit of 2.704 billion yuan, an increase of 8.42% year-on-year. The “Yangtze River Delta Strategy†released recently by Weichai Power has added a lot to its listing performance. Reduce costs and increase profit growth Of the top 20 companies with the highest operating income, the three companies of Fangda Special Steel, Aeolus Co., and Tire Tire A have experienced a slight decline in operating income, but net profit has grown. Fangda Special Steel achieved a net profit of 482 million yuan in the first three quarters, an increase of 51.99% year-on-year. According to its report, net profit growth is the company’s internal management and effective control of costs, and its subsidiaries' production and business operations have turned losses into profits. Fengshen Co., Ltd. and Tire A achieved higher net profit growth rate due to the decrease in the cost of raw materials for products and the increase in tire sales. Aeolus shares achieved a net profit of 247 million yuan, a year-on-year increase of 8.72%.é»” Tire A achieved a net profit of RMB 129 million, a year-on-year increase of 106.23%. In the first three quarters of this year, Yunnei was the fastest growing net profit among all listed parts and components companies with a year-on-year growth rate of 120.31%. According to the Yunnei Power report, the company's operating profit has increased through the adjustment of product structure, coupled with cost reduction work, and the substantial reduction in losses of its subsidiaries. The net profit growth rate of the three companies of Shenyang Bearing, Dongfeng Technology, and Boyin Investment are all above 100%. The Boyion Investment Report stated that during the reporting period, the company adjusted its product structure and increased sales efforts. Its operating profit increased by more than 8 million yuan year-on-year. At the same time, the company strengthened production and operation management and corresponding assessment efforts, which effectively increased the gross profit level of product sales and reduced the company’s profit. Management expenses.
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