May 07, 2021

In 2007, the profit of automobile key enterprises increased by more than 70%


According to the major economic indicator report of key enterprises (groups) of the automobile industry from January to November in 2007, the economic operation of key enterprises (groups) of the automobile industry continued to maintain rapid growth, and profit, total profits and taxes remained strong, and the overall profitability was significant.

Output indicators continue to maintain rapid growth

From January to November, the key industrial companies (groups) of the automobile industry accumulated a total of 20.886 billion yuan in industrial added value, an increase of 31.85% over the previous year, which was 13.35 percentage points higher than the growth rate of the value-added of industrial enterprises above designated size (18.50%), and the growth amount was 482.91. Billion yuan, an increase of 0.79 percentage points from January to October, the cumulative total industrial output value of 858.29 billion yuan, an increase of 28.67%, an increase of 191.224 billion yuan, an increase of 0.48 percentage points from the 1 to 10 months; accumulated industrial sales The output value was 839.695 billion yuan, a year-on-year increase of 29.93%, an increase of 0.62 percentage points from January to October.

From January to November, the accumulative sales-to-sale rate of key auto enterprises (groups) was 97.83%, which was a year-on-year increase of 0.95 percentage points. The connection between production and sales continued to maintain a good level.

The annual main business income is expected to exceed 1000 billion yuan

Since 2007, the main business income of key enterprises (groups) of the automotive industry has always maintained rapid growth. Since the second quarter, the cumulative growth rate has remained between 26.11% and 28.62%. From January to November, key auto industry (group) accumulative realized main business income of 915.754 billion yuan, an increase of 27.12% over the same period of last year. According to this growth rate, the key business enterprises (groups) in the auto industry in 2007 will achieve a revenue of over RMB 100 billion.

From the perspective of realizing the main business income, 14 out of the 16 key enterprises (groups) achieved main business income in the first 11 months from the same period of the previous year, and most companies continued to maintain double digits Growth rate. Among which: CNHTC Group, Southeast Company and Guangzhou Group achieved the top 3 in terms of revenue from main business operations with growth rate exceeding 50%, with growth rates of 7..82%, 56.37% and 50.92% respectively; Brilliance Group and Chery Company The growth rate of the main business income of Jianghuai Group, Geely Group, and Chang'an Company continued to exceed 30%, with growth rates of 39.03%, 35.82%, 34.35%, 32.57%, and 30.93% respectively; Qingling Company, FAW Group, The growth rate of the main business income of SAIC and Dongfeng also maintained at 20% or above, which was 29.62%, 24.88%, 23.49%, and 22.09% respectively. The growth rate of main business income of Beijing and Nanjing Automobile Group was 9.80. % and 5.61%; Hafei Group and Changhe Company achieved a year-on-year decrease of main business revenue by 18.58% and 16.72%, respectively.

Annual profit is expected to exceed 60 billion yuan

From January to November, the key enterprises (groups) of the automobile industry realized a total profit of 58.958 billion yuan, a year-on-year increase of 75.64% and an increase of 25.391 billion yuan. According to this growth rate, the total profit of key enterprises (groups) in the auto industry in 2007 will exceed 60 billion yuan. From January to November, the total amount of profits and taxes realized by key enterprises (groups) of the automotive industry totaled 115.64 billion yuan, an increase of 47.99% year-on-year, with an increase of 37.501 billion yuan. Among them, the main business tax and surcharges were 28.306 billion yuan, a year-on-year increase of 28.17%, an increase of 6.222 billion yuan, and the VAT payable was 28.377 billion yuan, an increase of 26.18% over the same period of last year, with an increase of 5.887 billion yuan.

From the perspective of realizing the profits of key enterprises (groups) in the auto industry, the overall profitability is significant. Some companies have seen a decrease in their profit margins from January to October, but they still showed rapid growth year-on-year. The profits of FAW Group, Qingling Company and Chery Company were particularly prominent among the key enterprises, and the growth rate continued to maintain a three-digit growth rate of 182.05%, 166.30% and 121.55% respectively; the profits of the Guangzhou Group, CNHTC Group and Beijing Company continued Maintaining a growth rate of over 50%, the growth rates were 89.47%, 61.96%, and 58.52% respectively; SAIC and Dongfeng also maintained rapid growth in their profits, with growth rates of 49.94% and 33.05%, respectively; Chang'an Geely Group achieved profit growth rates of 16.09% and 13.11% respectively; Jianghuai Group realized a profit growth rate of 2.67%; Nanjing Automobile Group realized a 68.75% year-on-year decrease in profits; Huachen Group and Hafei Group continued to maintain profitability; Employees' efforts have turned from losses to profits; Changhe has still shown losses, and the amount of losses continues to increase.
Increase in the net amount of accounts receivable slightly increased the increase in funds for finished goods inventory

At the end of November, the net amount of accounts receivable of key enterprises (groups) of the automobile industry was 55.585 billion yuan, an increase of 20.97% over the same period of last year, and increased the occupation of funds by 9.637 billion yuan, an increase of 0.09 percentage points over the end of October; at the end of November, key enterprises of the automobile industry ( The Group's inventory of finished products was 4.785 billion yuan, a year-on-year increase of 16.18%, and an increase of 6.646 billion yuan in funds, an increase of 7.84 percentage points from the end of October.

At the end of November, the proportion of net accounts receivable and finished product inventory accounts for current assets of key enterprises (groups) of the automobile industry accounted for 24.46%, an increase of 0.46 percentage points from the end of October.

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