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In the third quarterly report of 18 listed companies with auto parts as their main business, there were 16 companies whose ROE declined year-on-year, and most companies saw a sharp decline in their net profit while the main business income increased significantly. . According to industry analysts, of the 18 auto parts listed companies in Shanghai and Shenzhen, only the return on equity of Guihang and Aeolus Tire increased year-on-year, indicating that the operating conditions and asset status of other companies are in a crisis. "A person in the industry took the listed company's report as an analysis of the reporter.
This is an alarming third quarter report. Of the 18 listed companies with auto parts and components as the main business, only the Guihanggufen and Fengshen Tire 2 companies' ROE increased over the same period of last year. The former’s return on net assets from January to September this year was -0.84%, and its net profit was -4.82 million yuan. That is to say, the company was only losing money compared to the same period of last year. The latter's ROE was only Increased by 0.52%.
If only from the perspective of economics, this means that the profitability of assets of domestic parts and components companies has dropped significantly. From the information disclosed by various companies, these parts and components companies almost without exception this year's poor operating conditions attributed to "increased market competition, raw material prices, supporting price decline" and other factors. This shows that when the overall vehicle sales situation is not good this year, the domestic auto parts companies' living environment becomes worse and worse.
Affected by the declining growth in vehicle sales this year and intensified competition, a number of parts and components companies have experienced a substantial increase in their revenue, but their net profits have been declining at a higher rate of acceleration, and companies have fallen into the embarrassing situation of not increasing production.
There are 6 such enterprises, namely G Changli, Ningbo Huaxiang, Yunnei Power, Jiatong Tire, Fengfan Shares and Dongfeng Technology.
The representative of the company Dongfeng Science and Technology explained this situation: "The cost of raw materials for parts and components has risen, and the market sales price has fallen sharply."
This point is most evident in Dongfeng Technology: The company's main business income from January to September reached 690 million yuan, an increase of 14.54% year-on-year, but the company's business suffered losses, net profit of -801,000 yuan, a year-on-year decrease of 130.83% .
Compared with the above-mentioned enterprises, other companies have fallen into a worse state—these companies’ main business income and net profit have both declined, indicating that the company’s operating conditions are not good.
The net profit of the above 10 parts and components companies is declining.
It can be seen from statistics that although Wanxiang Qianchao and other four companies have achieved growth in their main business revenues and net profits, the growth rate of the two companies is quite different, and the company’s stocks’ net asset return rate is also falling year-on-year. This shows that the survival environment of these parts and components enterprises this year has become worse than last year.
In addition, two companies, FAW Sihuan and ST Hengli, have fallen into a situation of total loss. The report shows that the main business income of FAW Fourth Ring fell by 38.7%, net profit was -69.56 million yuan, a year-on-year decrease of 308.6%, and the company has issued a performance warning alert. ST Hengli's main business revenue fell 1.6%, net profit was -50.1 million yuan, compared with the same period last year to reduce the loss of 4.5%, the company has faced the risk of delisting.
Among the 18 listed parts and components companies, only Fengshen Tire achieved a positive growth in its main business income, net profit and return on net assets. The report shows that the company's main business income increased by 29.37%, net profit increased by 92.44%, and net asset yield increased by 0.52% over the same period of last year. However, the company also stressed in the report that the company was affected by the increase in raw material prices and the downward adjustment of the matching prices, and the gross profit of the products declined.
Judging from the operating conditions of the above 18 companies, domestic parts and components companies are generally faced with the impact of the decline in product gross profit. Although the specific reasons are not the same, the low technical content of domestic parts and components makes the company's ability to resist risks under the background of the market downturn. What is even more worthy of attention is that the domestic parts and components companies share the cost of reducing the price of the entire vehicle company's products, and the living environment becomes even worse.