Last year, 4 car companies reported a 50% decline in their net profit. Ankai bus and other 3 companies lost money.

As time entered in February, more and more car companies have announced last year's transcripts. "Securities Daily" reporter through the Choice financial terminal statistics found that as of the evening of January 31, a total of 18 listed car companies to disclose 2017 performance forecast. Among them, the performance of the 10 companies achieved year-on-year growth (5 pre-increase, 3 turn losses, 2 increase slightly), and the performance of the 8 companies fell (5 pre-decrease, 3 first-loss).

Specifically, four car companies, including Great Wall Motors and Zhongtong Bus, expect the net profit decline in 2017 to exceed 50%. Of the 3 car companies with pre-loss losses, FAW Xiali suffered the largest loss, with an estimated loss of 1.605 billion yuan -1.685 billion yuan.

In stark contrast to this, FAW Cars, both of which are FAWs, are expected to achieve net profit of 260 million to 320 million yuan in the first half of the year, a year-on-year increase of 127.25% to 133.54%. From this point of view, the differentiation between the two further expanded.

FAW Xiali said that the main reason for the loss of the company is that the product structure adjustment has not yet been completed. The "Securities Daily" reporter to review the production and sales data found that since last June, the Xiali series has been in the state of production shutdown, its December sales have also dropped to 46 vehicles. At the same time, the Wei Series has also been shut down for several months last year.

A dealer told reporters that at present, FAW Xiali's three major models, can only rely on Junpai series to maintain sales, which as the new energy Jun sent A70E is placed high hopes.

In response, Zhongshi, an auto analyst, said that although FAW Xiali had the idea of ​​creating a new brand and transforming it into an electric vehicle, it lacked funds, talent, and advanced equipment. Facing the offensive of other independent brands, FAW Xiali has great competitive pressure.

3 car companies net profit loss

Specifically, a total of 10 automakers had a pre-increase in performance, and all of them achieved profitability. Another five car companies saw a drop in net profit margins. Among them, four car companies such as Great Wall Motor, Jianghuai Automobile, Zhongtong Bus, and Foton Motor expect their net profit in 2017 to decline by more than 50% year-on-year.

Although Jiangling Motors' net profit has not fallen by more than 50%, it has also approached 50%. According to its performance report, the company expects to achieve operating revenue of 31.346 billion yuan in 2017, an increase of 17.69% year-on-year; net profit attributable to shareholders of listed companies will be 690 million yuan, a year-on-year decrease of 47.65%.

In addition, there are three car companies that are expected to lose money in 2017, namely Haima Motors, FAW Xiali and Ankai Buses.

Among them, the Haima Motor announced that it expects the company to lose 940 million yuan to 1.04 billion yuan in 2017. According to the company, the main reason for the change in performance was the significant year-on-year decline in sales of the company's automobiles. At the same time, the company was impaired or expensed for the related assets or R&D expenditures involved in the delisting or the suspension of research and development of some products or ongoing research projects.

According to public data, Haima Motor sold a total of 140,000 vehicles in 2017, a far cry from the annual sales target of 300,000 vehicles set at the beginning of the year. At the same time, it is worth noting that this is the first time that Haima Motor has suffered an annual loss forecast since 2010.

FAW two companies differ greatly

Earlier, FAW Car disclosed a performance forecast that it expects to achieve a net profit of 260-320 million yuan in 2017, a loss of 954 million yuan in the same period of last year, and the company achieved profitability.

FAW Car said that in 2017, the company implemented deepening reforms, actively and orderly carried out various tasks, kept a close eye on the market, and successfully launched the Pentium X40, an intelligent network-linked model; and continued sales of the cooperative brand double-star models, the company realized the whole year The sales of vehicles were 239,600, an increase of 23.8% over the previous year, and the operating results achieved a turnaround.

A dealer told reporters that from the perspective of specific models, Mazda CX-4 and the new Artz monthly sales remained high, the Pentium X40 quickly became the Pentium brand after the listing of the main models, which effectively promoted the company's performance growth.

In fact, since Xu Liuping was transferred to any steam in August last year, FAW Group has been in a fast-paced reform and adjustment process, and its existing organizational structure and personnel arrangements have undergone major adjustments. Many people in the industry believe that FAW Group, which has experienced the mobilization of its chief, has ushered in new opportunities for development.

In this reform process, FAW Cars achieved a turnaround in performance. "Securities Daily" reporter noted that as early as the first half of last year, FAW Cars realized a net profit of 270 million yuan, an increase of 132.74% over the loss of 826 million yuan in the same period last year.

However, it is worth noting that FAW Xiali’s performance is still not satisfactory compared to FAW's beautiful “turnover”. According to a January 31 announcement issued by FAW Xiali, it is estimated that the net profit attributable to shareholders of listed companies in 2017 will be approximately 1.605 billion yuan -1.685 billion yuan.

FAW Xiali said that the main reason for the loss of the company is that the product structure adjustment has not yet been completed, and the current production and sales scale of the product is low, and its profitability is weak. The company said that it is currently intensely preparing for the production of new products. It is expected that in 2018, the newly-designed Junpai A50 sedan, Chunpeng CX65 crossover car and A-SUV will be successively launched, and the product line will be enriched. The scale of production and sales will also be improved.

The reporter noted that according to its previously released production and sales data, in 2017, the company sold 27,000 vehicles, a decrease of 26.39% compared with the same period of last year. Among its three major models, sales of the Xiali Series and Wei Series in 2017 all showed year-on-year declines, which were 5,949 vehicles and 3,528 vehicles respectively. The cumulative sales volume of the Junpai series only achieved an increase of more than 1,000 vehicles compared to the previous year, but only 17,597 vehicles.