The most popular four listed bus companies' subsid

2022-08-02
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4. The decline in subsidies for listed bus companies has resulted in a loss of 142million yuan. Recently, Jinlong bus, and four listed bus companies have successively released semi annual reports. China Business Daily found that the industry environment as a whole is greatly driven by new energy, the decline of subsidies has a certain impact on profits, and the sales volume of the four auto companies increase or decrease each other; The new subsidy policy puts forward higher requirements for the vehicle technology level of vehicle enterprises, but not all vehicle enterprises choose to increase R & D efforts. Some vehicle enterprises try to increase categories and strive for greater market space

at the same time, in the first half of the year, the industry's overseas market sales fell year-on-year. However, analysts pointed out that in the long run, domestic car companies still have strong competitiveness in going to sea, and the market space may improve in the future

the sales volume of new energy passenger cars far exceeded the growth rate of the industry

in August, the statistics of Chinese passenger cars showed that in the first half of 2018, the sales of passenger cars over 6 meters in the industry was 6564600, an increase of 10.4% year-on-year. The main factor driving the growth of the industry is the large year-on-year growth of new energy buses: in the first half of the year, the cumulative sales of new energy buses over 6 meters were 30500, an increase of 96.24% year-on-year, while the sales of domestic road buses, school buses and overseas export buses decreased to varying degrees

the statistical data of commercial vehicles (passenger cars) of China Association of automobile manufacturers shows that from January to June, the national passenger car sales reached 215700, an increase of 5.37% year-on-year. Among them, the domestic market increased by 7.5% year-on-year, and the export market decreased by 8.3% year-on-year

it is found that in the first half of the year, among the four listed bus companies, except Ankai bus, the revenue increased year-on-year

among them, Jinlong bus achieved an operating income of 9.029 billion yuan, a year-on-year increase of 57.32%, ranking the first in terms of growth rate; Yutong Bus achieved an operating income of 120 RMB 200million was utilized in various fields, with a year-on-year increase of 29.03%; Zhongtong bus achieved an operating income of 2.401 billion yuan, a year-on-year increase of 5.37%; Ankai bus achieved an operating income of 1.493 billion yuan, a year-on-year decrease of 37.16%

in terms of sales volume, the four listed companies increased or decreased each other. Jinlong bus sold 28800 buses of various types, with a year-on-year increase of 18.35%; Yutong Bus sold 24500 buses in total, with a year-on-year increase of 13.52%. According to the production and sales data of June previously disclosed by Zhongtong bus, the sales volume of bus in the first half of the year was 5800, a year-on-year decrease of 10.30%; Ankai bus sold 3246 vehicles in the first half of the year, a year-on-year decrease of 20.68%

the sales volume of new energy passenger cars increased significantly. According to the financial report, Jinlong bus sold 5860 new energy buses in the first half of the year, with a year-on-year increase of 549.67%; According to the statistical data released by the commercial vehicle consulting agency in July, Yutong Bus sold 8765 new energy buses, Zhongtong sold 2161, and Ankai bus was not included in the statistical scope

compared with the data released by insight in July last year, it can be found that the sales volume of new energy buses of Yutong and Zhongtong increased significantly, of which the sales volume of Yutong new energy buses increased by 198.4% and that of Zhongtong new energy buses increased by 39%

neither Ankai bus nor Zhongtong bus explained the reasons for the decline in sales in the financial statements. When calling the relevant personnel of Ankai bus, the other party said that he had received the interview letter, but there was no official reply to provide at present

Ankai Bus Lost 142million yuan, down 393.78% year on year.

in February this year, four ministries and commissions jointly issued a new policy on new energy subsidies

it is found that in the first half of the year, most of the above four auto enterprises experienced a decline in gross domestic product or even "increased income without increasing profit", which was mostly explained by the decline in subsidies

for example, the net profit of Jinlong bus attributable to the shareholders of the listed company was 79million yuan, a year-on-year increase of 106.41%, but the gross profit was 13.2%, a year-on-year decrease of 2.4 percentage points; The net profit attributable to parent company of Yutong Bus was 616million yuan, a year-on-year decrease of 23.42%; The net profit of Zhongtong bus attributable to the shareholders of the listed company was 30.562 million yuan, a year-on-year decrease of 50.36%; Ankai bus realized a loss of 142million yuan in net profit attributable to the listed company, a year-on-year decrease of 393.78%, while the net profit in the same period of 2017 was only 28.784 million yuan. In the financial report, Ankai bus said that the expansion of the loss was due to the impact of the new energy policy, the decline of the company's product sales scale, the change of product structure and the loss of associated enterprises

the decline of subsidies has put forward higher requirements for the new energy technology level of relevant auto enterprises, but not all auto enterprises are increasing their R & D efforts. In the financial report, Jinlong bus said that the active new material market sector would strengthen the R & D and application of new energy bus technology, master the core technology of new energy bus, continuously reduce the cost of new energy bus, accelerate the commercialization and promotion of new energy bus, and reduce the dependence on policies. However, the R & D cost decreased from 264million yuan in the first half of last year to 240million yuan this year, a decrease of 9.24%; The overall task cost for the research and development of the pipe drop hammer impact machine control system of Zhongtong bus decreased from 68.03 million yuan to 66.36 million yuan, a similar decrease of about 2%; The R & D cost of Ankai bus decreased from 41.54 million yuan to 33.46 million yuan, a decrease of 19.46%

in response to the new policy of new energy subsidies, Zhongtong bus did not propose to accelerate product upgrading, but said that it would promote the business strategic layout focusing on new energy, "multi-point breakthroughs in overseas markets, conventional buses, school buses, tour buses, scenic spot vehicles and logistics vehicles", seize market orders, strengthen internal marketing management and service management, and do a good job in product transformation and upgrading

among the four automobile enterprises, only the R & D expenditure of Yutong Bus increased significantly, from 555million yuan in the first half of last year to 764million yuan, an increase of more than 50%. Yutong Bus said that the subsidy policy further improved the technical requirements for new energy buses after the transition period. In the first half of the year, the company focused on upgrading the technology and products of new energy buses, increasing the R & D expenses

the export market fluctuated

according to the statistical data of China's passenger car statistical information, in the first half of 2018, the industry exported 10447 large and medium-sized passenger cars, a year-on-year decrease of 8.6%, which was mainly affected by the year-on-year decrease in the order demand of some market projects such as Angola and Myanmar

however, it is found that the major automobile enterprises have different reactions. (10.610, -0.03, -0.28%) 8189 vehicles of various types were exported in the first half of the year, with a year-on-year increase of 31.19%; The revenue was 2.253 billion yuan, a year-on-year increase of 50.60%

Zhongtong bus said that the company's new energy bus, school bus and overseas export markets have achieved substantial growth, but the specific data have not been disclosed; Ankai bus also did not disclose data; Yutong exported 3059 vehicles, a year-on-year decrease of 29.8%, due to the impact of the industry decline and the delayed implementation of project orders in Cuba, Venezuela and other markets

analysts pointed out that in the long run, the prospect of domestic passenger cars going to sea is promising. "Domestic new energy buses are very competitive." On August 31, cuidongshu, Secretary General of the national passenger car market information joint committee, said to, "but whether we can successfully enter the foreign market depends on the local supporting facilities."

cuidongshu believes that with the improvement of torque supporting facilities for high-precision torque sensors in Southeast Asia and other developing countries to collect samples, the export of China's passenger cars and new energy passenger cars is expected to have more room for growth

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