13 car companies reported double net profit

According to statistics from Wind, as of August 17th, a total of 106 listed companies in the Shanghai and Shenzhen markets disclosed their semi-annual report results and forecasts. There were 85 companies with pre-joy and 80% pre-joy. The industry believes that despite the apparent slowdown in the growth of passenger vehicle production in the first half of the year, many parts and components companies have been driven by sales due to the supply of high-growth independent brands such as Geely, GAC, and SAIC, and the high sales volume of heavy trucks has also promoted related listed companies. An important factor in the growth of performance.

Of the 106 companies that disclosed interim reports and advance notices, there were 32 companies with pre-increase, 5 companies with pre-reduction, 11 companies with renewal, 4 losses with losses, 3 losses with first losses, and 4 losses with losses. A slight increase of 38, a slight decrease of 5, and an uncertainty of 4.

On the whole, there are 85 pre-hi (including pre-increase, renewal, loss-loss, slight increase) companies, accounting for 80% of 106 companies, pre-dropped companies, that is, companies expected to decline in net profit year-on-year (including pre-reduction , continued loss, first loss, slightly reduced), there are 17 companies, accounting for 16%. In other words, of the 106 companies that currently disclose and forecast their interim results, the company's first-half net profit will increase year-on-year.

Looking further, of the listed auto companies whose net profit in the first half of this year will grow year-on-year, 13 companies expect net profit to increase more than twice as much as the previous year. They are Xiyi, Longzhou, Fulin Precision, Guangdong Hunchong, respectively. Wanliyang, Guangqi Technology, Zhongtai Automobile, Fuda Shares, Weichai Power, Xinquan Stock, China National Heavy Duty Truck, Xiaokang Stock, and Junsheng Electronics, among which Xiyi Group and Zhongtai Automobile expect the net profit to increase by more than three times. Among the companies whose performance is expected to decline, there are 4 companies that have reported a drop in net profit of 100% this year.

Since 2017, the heavy truck market has continued to pick up, and the listed companies have benefited from the increase in heavy truck sales. Weichai Power predicts that net profit in the first half of the year will increase by 125% to 150% year-on-year, and net profit attributable to shareholders of listed companies will be 242 million to 200 million yuan. According to the company, due to the impact of the macroeconomic situation and the overall situation of the industry, the company's sales of main products in the first half of 2017 continued to grow, and sales and sales revenues are expected to increase more than expected.