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Changan Automobile, which has the reputation of "profit Milk year", once ranked first among domestic independent car brands, but now Changan Automobile is gradually being left behind by many other independent brand car companies more and more farther and farther. It has even slipped down the second ladder of domestic brands. On January 30, Changan Automobile issued the latest performance forecast, which estimated that the company would lose 2.4 billion-2.9 billion yuan for the whole of 2019, while the company still made a profit of 680 million yuan in the same period last year. The profit changed from profit to loss, a drop of as much as 452.56%, 526% compared with the previous year. For the sharp decline in the 2019 performance forecast, Changan Automobile is interpreted as "sold.
Due to the sharp decline in sales and the poor performance of independent and joint venture brands, the half-year loss of Changan Automobile reached an all-time high. On August 30th, Changan Automobile released its semi-annual performance report, with operating income of 29.876 billion yuan, down 16.18% from the same period last year. The net profit belonging to listed shareholders was-2.24 billion yuan, down 239.17% from profit to loss. Changan said the decline in performance was mainly affected by a decline in sales. According to the sales report released by Changan Automobile, both independent brands and joint ventures are in dire straits. In the first half of 2019, the overall sales of Changan Automobile fell 31% compared with the same period last year.
According to the latest figures released by Changan Automobile on August 9, the group sold 164931 vehicles in July and 1378788 from January to July. Judging from the sales structure of Changan Automobile Group, the performance of self-owned brands is much better than that of joint ventures, which grew this month while Changan Mazda declined. Changan Mazda suffered a double-digit decline this month. Data show that Changan Mazda sold 10005 vehicles in July, down 16.07 per cent from a year earlier. At present, Changan Mazda has four models: CX-5, Onksera, CX-8 and CX-30.
On July 14, Changan Automobile released a forecast of results for the first half of 2021, which shows that the net profit belonging to shareholders in the first half of the year is expected to be 1.6 billion-1.9 billion yuan, down 26.98%-38.51% from the same period last year; net profit after deducting non-recurring profits and losses is 600-900 million yuan, an increase of 122.93%-134.39% over the same period last year. Changan Automobile said that the year-on-year decline in net profit was mainly due to a sharp drop in non-recurrent profit and loss by about 4.2 billion yuan compared with the same period last year. According to the first half of 2020 performance report, Changan Automobile in the first half of the net profit of shareholders of listed companies 2.602 billion yuan, an increase over the same period last year.
A few days ago, Changan Automobile Co., Ltd. announced its April sales. According to data, Changan sold a total of 121200 new cars in April 2019, down 35.05% from a year earlier. From January to April 2019, Changan Motor sold a total of 570100 new cars, down 32.54% from the same period last year. The performance of the joint venture brand is not as good as that of its two joint venture brands, Changan Ford and Changan Mazda. Changan Mazda's April sales data were 8597 vehicles, down 47.05% from 16236 in the same period last year, and the cumulative sales of new cars from January to April 2019.
Changan Automobile officially announced its production and sales in January 2020 on February 14. Data show that the production and sales of Changan cars in January were 123913 and 134578 respectively, down 13.7% and 4.6% respectively compared with the same period last year. In terms of independent brands, the cumulative sales of Chongqing Changan, Hebei Changan and Hefei Changan in January were 81338, an increase of 3.29% over the same period last year. In terms of joint venture brands, Changan Ford sold 15358 vehicles in January, up 4.2 per cent from a year earlier, while Changan Mazda sold 8866 vehicles in January, down 27.8 per cent from a year earlier. From the point of view of the subdivided data, the independent brand of Changan automobile has not been affected.
In the context of the decline in revenue and profits of a number of car companies, Changan Automobile unexpectedly achieved reverse growth in this way in the first half of this year. On August 30, Chongqing Changan Automobile Co., Ltd. officially disclosed its semi-annual performance report for 2020. According to the report, Changan Automobile achieved an operating income of 32.782 billion yuan in the first half of the year, an increase of 9.73 percent over the same period last year, and the net profit belonging to shareholders of listed companies was 2.602 billion yuan, an increase of 216.17 percent over the same period last year, including 216 million yuan in government subsidies. The reason why Changan Automobile was able to achieve counter-market growth, mainly obtained three non-recurrent profit and loss items contributed a total net profit of about 52.
Changan Automobile released a forecast of results for the first half of 2019. Affected by the decline in sales, the net loss in the first half of the year was as high as 1.9 billion yuan to 2.6 billion yuan. Changan brands and joint venture brands are in dire straits, of which Changan Ford has been the mainstay of Changan's profits, with sales of 75000 vehicles in the first half, down 67 per cent from a year earlier. China's auto market has been growing negatively since June 2018, and Changan car sales have plummeted due to the depressed environment of the industry, making it difficult to make a profit. The announcement shows that Changan Automobile's sales in June were 141700, down 24.8% from the same period last year. The cumulative sales from January to June were 825000.
Changan Automobile issued a performance forecast today, predicting a net profit of 2.4 billion yuan to 2.8 billion yuan in the first three quarters, compared with a profit of 1.163 billion yuan in the same period last year. Changan Automobile said the decline in the company's overall performance was mainly affected by the decline in sales. In fact, Changan Automobile has lost 2.24 billion yuan in the first half of the year, which means a loss of 160 million yuan to 560 million yuan in the third quarter, narrowing the loss. Changan Automobile said that it is mainly due to the improvement of the profit structure brought about by the optimization of the product structure of Changan's own brand. Changan car sales pick up. September data show that Changan Department of independent brand cars sold 116015 vehicles in September.
Mid-October has passed, a number of domestic car companies have released the latest performance forecasts for the first quarter, with the introduction and landing of the government and the rapid recovery of the domestic macro-economy, a number of head car companies showed varying degrees of profit growth in the third quarter, but it is still difficult for marginal car companies to recover the declining situation. The net profit of Changan and BYD both soared, and the profit of the main business was weak. On October 15, Changan Automobile issued a forecast for its third performance, showing a profit of 5.98-1.198 billion yuan in the third quarter of 2020, an increase of 241.84% and 384.2% over the same period last year.
On September 26, the industrial and commercial change occurred in Chongqing Changan New Energy Automobile Co., Ltd., and the enterprise name was changed to Chongqing Zhilaida Road New Energy Co., Ltd. According to the data, Changan New Energy vehicle was founded in July 2008. its legal representative is Su Ling, with a registered capital of 29 million yuan, and its business scope includes Xineng.
On May 5, Changan Automobile released its April production and sales report, which finally ushered in growth after many months. Changan Automobile sold a total of 159600 vehicles in April, up 32 per cent from a year earlier, according to the report. Affected by the epidemic and other factors, Changan car sales from January to April were 462600, showing a decline of 18.45%.
According to Tianyan, Changan Ford New Energy Automobile Technology Co., Ltd. was established on September 20, with a registered capital of 250 million yuan and the legal representative is Yang Dayong. the scope of business includes auto parts retail, minibus rental services, new energy vehicle sales, wearable smart device sales, batteries.
On April 15, Changan Automobile released its 2019 performance KuaiBao. Changan Automobile realized operating income of 7.0595 million yuan in 2019, an increase of 6.48% over the same period last year, and the net profit belonging to listed companies was-264700 yuan, down 488.81% from the same period last year. As for the reason for the year-on-year collapse in net profit, Changan Automobile said it was "mainly due to a decline in investment income from joint ventures". According to the previous sales data released by Changan Automobile, the cumulative sales of Changan Automobile in 2019 was 1759971 vehicles, down 15.16% from the same period last year. In terms of sales volume, whether it is Changan's own brand or joint venture.
Changan Automobile, which used to rank first in independent car sales, announced its results for 2018, showing that its total operating income in 2018 was 66.3 billion yuan, down 17.14 percent from the same period last year, with an operating loss of 228 million yuan, but the total net profit attributed to shareholders was 654 million yuan, down 90.8 percent from the same period last year. Changan Automobile said the sharp drop in profits was mainly due to a decline in investment income from joint ventures. It means that joint ventures such as Changan Ford and Changan Mazda did not perform well in terms of sales last year. From the perspective of Changan automobile independent sales and joint venture brand sales, sales are declining rapidly.
For the end of the year 2020, a number of car companies have released annual new car production and sales reports. Affected by the shrinking market in the first half of this year and the impact of the COVID-19 epidemic, the annual sales of many car companies are on a downward trend, and only a few car companies rebounded strongly after the market recovered in the second half of the year.
On July 14, Changan Automobile issued a semi-annual performance forecast for 2022. The report shows that in the first half of the year, the net profit of Changan Automobile belonging to the shareholders of listed companies was 50-6.2 billion yuan, an increase of 189.14%, 258.54% over the same period last year, and the net profit after deducting non-recurrent profit and loss was 2.5-3.5 billion yuan.
Changan Automobile announced today that it received a total of 650 million yuan in financial subsidies. According to the announcement, Changan Automobile recently received 350 million yuan in enterprise subsidies allocated by the Chongqing Municipal Finance Bureau, including 300 million yuan for product research and development and 50 million yuan for brand promotion. Hefei Changan, a subsidiary, received 300 million yuan in subsidies for new car research and development. Through the statistics of the past six months, Changan Automobile has received a number of subsidies and awards, with a total of 1.45 billion yuan. However, in the first quarter of this year alone, Changan Automobile lost 2.1 billion yuan. The government subsidies and incentives in the announcement will be included in the current profit and loss, so it can further improve the financial performance report of Changan Automobile. Except for the above 6.
According to the latest data released by the Federation of passengers, the retail volume of narrow passenger cars in China was 1.177 million in February 2021, an increase of 371.9% over the same period last year and a decrease of 45.5% from the previous month. The month-on-month drop and year-on-year rise has become common, but it doesn't make much sense. Due to the impact of the epidemic, almost the entire car market was paralyzed in February 2020, and the sales volume of the domestic narrow passenger car market rose sharply in February this year. At the same time, affected by the Spring Festival holiday, the number of legal working days decreased significantly in February, which was significantly lower than that in January. However, the performance of the car market in February this year was normal, flat compared with 2019.
As the second model of Changan high-end series products, Changan UNI-K carries forward the family design style, borderless forward gas grille design fashion and science fiction coexist, deeply sought after by young people, coupled with the new 2.0T+8AT combination, the performance in the same class is not bad. In addition, in addition to appearance and power, what attracts consumers most is UNI-K cool techs, such as L3 autopilot, remote automatic parking, welcome light show and so on. For example, remote automatic parking carries Changan automobile APA6.0 remote intelligent parking technology, which can realize unmanned parking and moving cars. As a result, there is no lack of elimination.
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