Automotive and Automotive Parts Industry: Three Quarterly Reports

The auto industry accounts for about 2-3% of the weight of Shanghai-Shenzhen 300 (2750.195, 55.19, 2.05%), which is a hot spot for the market. As of October 31, the auto industry's third quarterly report has been disclosed. We have scanned 62 companies in the automotive and parts industries based on market attention, changes in the main business, and data traceability. This is incomplete statistics, but there are also A considerable representation. This report is mainly an analysis of the financial statements. Although it lags behind, it is also valuable for the growth of the automotive and parts industry in the first three quarters, profitability, and operational status.

When the auto industry enters the current stable period from the high growth stage, the focus of the market shifts from growth to profitability. To this end, we continued the analytical framework of the first half of the year to quantitatively analyze the impact of cost on the profitability of the automotive industry. In addition, we have separated the auto parts industry into core components and non-core components. The core ideas are as follows:

Looking at the situation in the third quarter, the number of shareholders in our company, which has a total of about 23, rose, and the industry's disparity dropped slightly, with the sector's earnings worsening. The relative return of the sector in the third quarter was -0.41%. The related companies of heavy trucks are Foton Motors (8.08, 0.28, 3.59%), Jianghuai Automobiles (7.37, 0.18, 2.50%), and Changan Automobile (4.99, 0.00, 0.00%), a vehicle manufacturer of passenger vehicles. 15.89, 0.40, 2.58%) all have risen in the number of shareholders, and the market tends to be cautious about the views of the heavy truck industry and the passenger vehicle industry.

In the third quarter, the operating income of the automotive industry increased by 8.99% year-on-year, which was a month-on-month slower than the 15.67% year-on-year growth in the first half of the year, but it was higher than the growth rate of 3.36% in the second quarter. The decline in gross profit margin in the automotive industry was mainly due to the lack of demand, while the recovery in the cost ratio during the third quarter of the automobile industry indicated that the conclusion of the “pseudo-dip” conclusion in the first half of the year was actually fulfilled. In terms of industry operating efficiency, various operating indicators in the third quarter continued the downward trend in the first half of the year, but the rate of decline slowed down.