Third-quarter net profit rate of parts and components companies overtakes vehicle sales

According to the 2010 third-quarter financial report released by 57 listed auto parts enterprises, it was found that although the average net interest rate of Chinese auto parts listed companies in the third quarter of 2010 (6.58%) was lower than the same period in 2009 (7.22%), the business Both revenue and net profit have increased compared with the same period in 2009.

In the third quarter, the average net profit margin of China's major automobile's 21 listed companies was only 4.33%, lower than the parts listed companies 2 percentage points. It can be seen that in the third quarter of 2010, the net interest rate of China's auto parts listed companies once again surpassed that of listed vehicles.

For a long time, the net interest rate of auto parts companies in the international market is generally higher than that of the entire vehicle company. The net interest rate of China’s auto parts listed companies has been lower than that of the entire vehicle company. According to the statistics of net profit rate in the first quarter of 2010, the average net interest rate of China's domestic vehicle-listed companies is 7.8%, while the average net profit rate of parts-listed companies is 6.96%, which is close to 7.0%. The net profit rate of vehicle companies is higher than zero. Parts companies. The increase in the prices of various raw materials in early 2010 caused greater pressure on the profits of China's auto parts enterprises; in the final analysis, the auto parts companies in China increased their added value in product technology, and the management and management (especially the cost) of each link. The capability is still in the early stage of exploration and development and needs to be improved.

However, starting from the second quarter of 2010, the net interest rate of China's auto parts listed companies has begun to overtake the vehicle manufacturers. Statistics show that in the first half of the year, the operating income and profits of China’s auto parts listed companies have increased significantly compared with the same period in 2009, and the average net interest rate has also increased to approximately 7%, while the average net interest rate of vehicles listed companies is only 5.46%. This shows that since the second quarter, the profitability of China's auto parts companies has been increasing, but the profit growth performance of parts and components companies varies, and some companies have realized substantial growth in profits, while other parts companies have seen a decline in profits, including glass companies. The highest net profit rate, tire companies have lower net margins.

The third-quarter net interest rate is still at the end of China's several major tire listed companies (Huanghai, Qingdao Double Star, Shuangqin shares, Aeolus shares), the net profit rate of these companies compared with the same period in 2009 showed a downward trend. The loss situation further increased. Among some listed auto parts companies with reduced profit growth, the third quarter report of parts companies such as Dongan Panthers, S-Guitar, and Tire Tire A showed that profits declined, and rising raw materials was the main reason for the decline in corporate profits. In addition, the increase in corporate management and operating costs has also led to further reductions in profits.

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