·In the auto industry, half of the car companies reported a decline in profits in the first half of the year

On August 30, as Changan Automobile disclosed its first-half financial report, this year's semi-annual report of the whole vehicle company was unveiled. Statistics show that among the 22 automakers, profits have become more differentiated, 11 of the total vehicle profits have declined, and 10 companies' profits have increased year-on-year. Among them, FAW Xiali has fallen by 9608.69% year-on-year. The analysis pointed out that after the overall growth rate of the auto market fell to single digits this year, the profit of auto companies was divided, which was mainly dragged down by the poor performance of the independent brand market. It is expected that the market situation may change with the arrival of the sales season in the second half of the year.

Half of car companies' profits have fallen

FAW Xiali Financial News shows that in the first half of this year, operating income was 1.575 billion yuan, down 3.065 billion yuan from the same period of the previous year, down 48.59% year-on-year. However, the net profit attributable to shareholders of listed companies was negative 435 million yuan, down 9608.69% from the previous 450 million yuan. This was mainly due to the decline in the sales of FAW Xiali, which led to a certain impact on the operation. At the same time, the sales volume of Tianjin FAW Toyota, which participated in the stock market, decreased year-on-year, resulting in a decrease in investment income compared with the same period last year. It is reported that in the first half of the year, FAW Xiali produced 39,282 cars, down 50.51% year-on-year, and sold 37,301 cars, down 47.85% year-on-year.

The sharp decline in profits of FAW Xiali in the first half of the year is the embodiment of the difficulties faced by independent brands in the unprecedented market. According to the data of China Automobile Association, the market share of self-owned brand passenger cars and cars in July this year both fell to “eleven consecutive declines”, down to 34.6% and 17.7% respectively. Among them, the car market share fell below 20% for the first time, creating a monthly low since 2009.

According to the statistics of the reporters, among the 21 vehicle manufacturers, 11 car companies involved in the manufacture of passenger vehicles, and the profits of FAW Car, FAW Xiali, BYD, Jianghuai Automobile, Jinbei Automobile and Great Wall Motor declined. Haima Automobile and Shanghai Auto. Group, Changan Automobile, Guangzhou Automobile Group and Lifan's profit increased year-on-year. This means that the six car companies whose profits have fallen are all self-owned brands. Among the rising profit companies, only Haima Automobile and Lifan are mainly independent brands, while SAIC, Changan Automobile and Guangzhou Automobile Group Based on joint venture brands.

Among them, Changan Automobile's profit was 3.628 billion, an increase of 194.85%. This is mainly because the joint ventures and joint ventures have completed the sales of 1.32 million vehicles, a year-on-year increase of 25%, which is higher than the automobile industry by 16.6 percentage points. The sales of Changan's own passenger vehicles (including new micro-customers, excluding joint ventures) were only 392,000.

Growth or improvement in the second half of the year

Compared with the decline in the profit of passenger cars over half of the car companies, the commercial vehicle enterprise market is also under pressure. Among the 10 commercial vehicles of Jiangling Motors, Ankai Bus, China National Heavy Duty Truck, Zhongtong Bus, Dongfeng Motor, Yutong Bus, Foton Motor, Yaxing Automobile, Valin Automobile and Jinlong Automobile, 4 of the car companies also saw a year-on-year decline in profit. . Only Jiangling Motors, China National Heavy Duty Truck, Zhongtong Bus, Dongfeng Motor, Yutong Bus and Jinlong Automobile have risen.

Faced with the situation of continuous differentiation of performance, some analysts pointed out that with the arrival of the sales season in the second half of the year, the gap in the performance of car companies may be reduced. FAW Xiali also said that it is necessary to strengthen marketing management, increase product sales, ensure the successful launch of Chunpai D60, strengthen the research and development of new products, upgrade product quality and product structure, strengthen product strength, and steadily introduce new personnel system and improve management level. . In the field of commercial vehicles, the year-on-year growth rate of heavy truck sales in July has returned to positive growth, and the annualized sales volume has also increased from the previous month. However, the self-owned brands have a seasonal pattern of increasing market share in the second half of the year, and may enter the share up channel after August.

Cao He, a researcher at China National Securities, also said that under the task of eliminating yellow label cars and old cars, the elimination rate will be greatly accelerated in the next four months after the second half of the year, otherwise it will greatly affect the elimination of 6 million vehicles in 2015. It will further stimulate the acceleration of the automotive market.

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