In 2020, the automobile market was impacted by the epidemic, the market share base was low, and the automobile market recovered in 2021. Under this background, the outside world was full of expectations for the performance of automobile enterprises in the first half of this year, but Chang’an Automobile gave a disappointing answer.
On the evening of July 14, Chongqing Chang’an Automobile Co., Ltd. (000625. SZ, hereinafter referred to as Chang’an Automobile) released the performance forecast for the first half of this year. The forecast shows that in the first half of this year, the net profit attributable to the parent company of Chang’an automobile is expected to be 1.6-1.9 billion yuan, a decrease of 26.98% – 38.51% compared with 2.602 billion yuan in the same period last year. The net profit after deducting non recurring profits and losses was RMB 600-900 million, with a year-on-year increase of 122.93% – 134.39%.
In fact, Chang’an automobile has always been slow. For example, when many independent brand models were laid out in high-end, Changan Automobile seemed to be a bit slow, whether in the field of fuel vehicles or electric vehicles. Even in recent years, Chang’an automobile has gone a lot smoothly, but with the accelerated change of the new round of automobile industry, the entrants are more and more diverse and the competition is more and more fierce. Facing the development prospect in the next 10 years, Chang’an Automobile road is blocked and long.
Non recurring profit and loss decreased by 4.2 billion
As for the reasons for the decline in the profits of Chang’an Automobile in the first half of the year, the daily financial report found that it was mainly related to the sharp decline in sales in the second quarter of this year.
Because in fact, the performance of Chang’an Automobile also maintained a growth trend in the first quarter of this year. Its performance announcement in the first quarter of this year showed that the company’s total revenue was about 32.027 billion yuan, nearly tripled year-on-year. Among them, the net profit attributable to the shareholders of the listed company was 853 million yuan, an increase of 35.26% compared with the net profit of 631 million yuan in the first quarter of last year, and the net profit deducted was 720 million yuan, a year-on-year increase of 140.15%. In the face of such an increase in the first quarter, the net profit of Chang’an Automobile fell in the first half of the year, so the reason must be in the second quarter.