In May, various listed car companies released the financial report for the first quarter of 2017. In the first quarter, the sales of all truck manufacturers rose, and the success was frequent. Do you sell more and earn more? Not always.
Note: Net profit margin = net profit/operating income, which is an important measure of a company's profitability
According to the analysis and analysis of various financial reports, among the listed car companies, Jianghuai's operating income in the first quarter was 13.675 billion yuan and Futian's operating income was 10.973 billion yuan, making it the only two companies with revenues exceeding 10 billion; however, the two camps The net interest rate is not high, Fukuda's operating income of more than 10 billion yuan in the first quarter was only 71 million net profit, and the net profit rate was only 0.65%. JAC Auto's net profit margin was relatively good, and 1.87% was almost Futian. Three times.
The third-placed Jiangling Motors had a revenue of RMB 8.158 billion in the first quarter, and a net profit margin of 2.8%. It ranked first among the six largest car companies and was rated as the most profitable car manufacturer. Next, heavy truck (Jinan truck shares) operating income of 7.137 billion yuan in the first quarter, net profit rate of 2.79%, almost equal to Jiangling, performance is also very good.
Dongfeng’s operating income was 3.836 billion yuan in the first quarter, but it eventually lost more than 600 million yuan, becoming the only net loss in the six major listed companies; Hualing Xingma’s operating income was 1.38 billion yuan in the first quarter, ranking the last place. The net rate of revenue is 0.72%.
JAC: Both revenue and net profit declined
In the first quarter, Jianghuai Automobile's operating income was 13.675 billion yuan, a year-on-year decrease of 6.47%; net profit was 256 million yuan, a year-on-year decrease of 7.47% - In fact, Jianghuai's operating income has gradually weakened since 2016, and finally declined in the first quarter of this year. To negative growth, its net profit will also fall below the horizontal line.
According to its financial disclosure, Jianghuai Automobile has recently encountered "convenience" in traditional passenger cars and new energy vehicles. The drop in gross profit margin of passenger vehicles, low profitability of bicycles, the mediocre mainstream market performance, and excessive reliance on new energy subsidies have finally led to a “double drop†in operating income and net profit of Jianghuai Automotive in the first quarter.
First quarter financial report released: SINOTRUK's net profit has been quadrupled and it has been revealed that the JAC G7 K7 6X4 tractor
In the area of ​​commercial vehicles, Jianghuai actually performed well and grew significantly. In the first quarter, the cumulative growth of the JAC light trucks was 13%, and the cumulative increase in heavy trucks was 89.62%, diluting the losses it suffered in the area of ​​passenger vehicles and new energy vehicles to some extent.
â— Foton Motor: Revenue rose 31.92% year-on-year, net profit rose 26.18% year-on-year
In the first quarter, Foton's operating income was 10.973 billion yuan, up 31.92% year-on-year; net profit was 0.72 billion yuan, up 26.18% year-on-year. Relatively speaking, Fukuda's operating income and net profit all performed well in the first quarter and it was a rare "double rise" company.
Foton Auman EST Super Truck 460 HP 6X4 Tractor
In the first quarter, Foton sold 151,601 vehicles, an increase of 31.31% over the same period of last year. Among them, sales of medium and heavy trucks reached 29,530 units, an increase of 58.4% over the same period of last year; sales of light trucks (including micro-cards) reached 94,338 units, an increase of 12.7% over the previous year, and light trucks remained the No. 1 in the industry.
Fukuda explained in its first-quarter financial report: The next step will be to accelerate the launch and promotion of lightweight products, adjust the structure in time, meet market demands, and increase market competitiveness; at the same time, accelerate the development and launch of China Five's products, and do a good job of listing new products and Promotion work.
â— Jiangling Motors: Revenue increased by 52.69% and net profit decreased by 44.72%
In the first quarter, operating income was 8.155 billion yuan, an increase of 52.69% year-on-year, but net profit was only 228 million yuan, a drop of 44.72%. According to Jiangling's first-quarter financial report, the main reason for the decline in profits was the change in sales structure and the decrease in government subsidies.
Jiangling Kaiyun upgraded version of the wide body 116 hp 4.1 meters single-box type light truck (liquid brake)
Sales and operating income of Jiangling Motors all increased in the first quarter, but net profit declined year-on-year. In the first quarter, Jiangling Motors sold 79,553 vehicles, an increase of 31.99% year-on-year. Among them, Jiangling Yusheng brand products have achieved outstanding performance, increasing by more than four times year-on-year.
What kind of plan does Jiangling have next? Some time ago Jiangling launched the Veyron heavy truck at the Shanghai Auto Show. It was mainly built for the long-distance transportation market; next year, it will also launch special vehicles such as dump trucks, mixer trucks, silo cars and carriages for the construction industry. It seems that Jiangling is trying to launch more abundant models to meet the needs of various market segments.
Heavy Truck (Jinan Trucks): Net profit rose nearly 4 times, the largest increase
In the first quarter, the operating revenue of CNHTC (Jinan Truck Co., Ltd.) was 7.137 billion yuan, up 84.72% year-on-year; net profit was 199 million yuan, up 37.49 percent year-on-year, almost nearly quadrupled, and it was rated as the company with the largest net profit growth in the industry.
China National Heavy Duty Truck TUDEKA SITRAK C7H heavy truck 540 HP 6X4 tractor
Heavy Truck (Jinan Trucks Co., Ltd.) explained in its first-quarter financial report that due to the influence of national policies and the warming of the industry, production and sales volumes have increased significantly compared to the same period of last year. According to statistics, Haohao's sales volume reached 6,000 units in the first quarter, and the star product HOWO-T series was the head of China National Heavy Duty Truck Sales Department, helping China Heavy Duty Truck Sales to open multiple markets such as Express Express.
In fact, since the cooperation between Sinotruk and Mann in 2012, we have put road vehicles on the level of short-cutting boards. In 2016, the sales volume of road vehicles used by CNHTC Sales has reached 54.8% of the total sales. It increased by 42.7%, while the traditional superior products, dump trucks, and mixer trucks all ranked first in the industry, among which the residue trucks accounted for 30% of the country's total sales.
At present, from the perspective of product structure, CNHTC Sales has formed a pattern in which road vehicles and construction vehicles complement each other and go hand in hand.
â— Dongfeng Co., Ltd.: Revenue increased by 15.85% in the first quarter, but it was a loss of 0.06 billion.
In the first quarter, Dongfeng shares achieved operating revenue of 3.836 billion yuan, up 15.8 percent year-on-year; however, it suffered a major decline in profit margins, and ultimately a net loss of 0.06 billion yuan in the first quarter.
Dongfeng Dolika D9 card 160 horsepower 4X2 6.2 meters half-board truck
Dongfeng's business scope is mainly concentrated in the production and manufacturing of light trucks, buses, and Dongfeng Cummins engines and related components. In the first quarter, Dongfeng Motor Co., Ltd. sold a total of 40,118 vehicles of various types, a slight decrease of 0.57% year-on-year. Among them, the cumulative sales of light trucks 16,919 vehicles, a year-on-year decrease of 2.87%; cumulative sales of truck chassis 10805, an increase of 31.40%.
Insiders pointed out that the Dongfeng light truck product line is relatively backward, its Dongfeng Dolika, Furika and other products have not been updated for a long time, other products are in the embarrassing situation of suspension of sales, in the fierce market competition is difficult to achieve a breakthrough.
In fact, currently major manufacturers such as China National Heavy Duty Truck, Foton, Jianghuai, and others are all carrying out product structure optimization and upgrading, and the speed of product replacement is accelerating. If Dongfeng shares no longer catch up, their losses will only increase further.
â— Valin Xingma: Operating income doubled and finally turned profitable
In the first quarter, Valin Xingma's operating income was 1.38 billion yuan, up 106.96% year-on-year, and revenue doubled. While its net profit was only 9.93 million, it was finally reversed the long-term loss situation, and it was considered a small improvement.
As we all know, in recent years, Valin Xingma has been committed to promoting the research and promotion of its own Hanma Power. This is a very “money-burning†move; despite the government grant blessing (November 30, 2016, Valin won the “State†The four models' R&D subsidy funds amounted to 22.5 million; on December 28, Valin again received 172 million government grants, but it has not achieved truly independent, stable, long-term growth.
From the production and sales data, the sales volume of Valin heavy trucks increased by 106.66% in the first quarter, indicating strong growth. The Hanma Power is also very competitive. It is reported that the loading rate of the Hanma engine in Hualing's entire vehicle product has reached 75%. It can be said that it has completed its own transformation and upgrading. Perhaps the child who had invested a lot of money in the past has already come to make money to return to his mother.
Next, what is the revenue of Valin, let's wait and see!
From a common sense point of view, everyone thinks that "the higher the income, the more you earn." In fact, it is not entirely necessary to think carefully.
I believe that there are many examples of this: There are many people who work in the first-tier cities of Guangzhou, Shenzhen and Shenzhen, earning a monthly salary of 20,000 to 10,000 yuan, but all expenses such as rent, food, transportation, and daily consumption are reduced by one month. There is no one left, or even a large number of people who are backing a debt. This is called a zero profit or a net loss.
In contrast, some of our truck driver drivers, although the wages are only a few thousand, but this is a net fall, one year down more than the "white collar" in the city can earn more!
In particular, for these listed companies, the plate shop is large, and everywhere is spending money: investing in new plants, developing new technologies, upgrading product lines, optimizing product structure, and controlling profitability of bicycles... The bigger the scale, the higher the income. The more money the company needs to spend, the more it can be calculated, the net profit is really inferior to those smaller competitors.
This series of grinders are used to grind the outer ribs of single or double-row cylindrical roller bearings.
1.Adopting double-point diamond pen for dressing of the wheel automatically. The section of wheel is a shape of herringbone and double ribs and quadruple ribs can be fit in the fixture at same time and grinding separately. Using two conic faces of the herringbone wheel, it can grind the two ribs in the front and back of the raceway separately. In order to avoid burn of grinding face, a small reciprocating grinding for workpiece can be used simultaneously.
2.AC servo motor drive is used for the carriages of the workpiece and grinding support. With the support of cross roller rail, a micro-oscillation can be achieved during the grinding.
3.Adopting SIEMENS, FANUC^ MITSUBISHI all-digital AC servo control system.
4. grinder is convenient to operate and adjust.
5.Adopting a high-precision shaft with sleeve for workpiece shaft, the motor of workpiece adopts AC frequency variable motor, frequency variable speed.
6.High rigidity steel is used for the spindles of full-automatic grinder. And a high rigidity, high-precision and high-speed belt shaft is used for the semi-automatic grinder, with the frequency variable speed, grinding at the high-speed of 60m/s.
Lip Grinder,Bearing Lip Grinding Machine,Bearing Grinding Machine,Bearing Lip Grinder
Xinxiang Sunrise CNC Bearing Equipment Co., Ltd. , https://www.cncsunrise.com