Majority Automobile Companies Lower Their Production and Sales Goal for This Year

Up to now, among the 15 annual reportpublished companies, 12 companies of them realize profit growth, and 6 companies of them even realize more than 50% profit growth. Analyst points out that automobile industry situation this year is not very bright, and some companies may change their strategy. New energy automobile mass production, traditional segment subdivided is the tendency this year.

In year 2013, Chinese automobile manufacture situation is better than last 2 years did. As statistics by China Automobile Association that automobile production of year 2013 is 22.17 million, and sales is 21.98 million, which has increased 14.76% and 13.87% over the performance of last year. Both production and sale of passenger car and commercial car realize not small growth.

The industry upturn is reflected by aural report of listed automobile companies. As statistics by Wind, Marjory of automobile companies, which published their financial report, perform well. GAC, BYD, Dongfeng Auto and FAW net profit growth even exceed 100%.

SAIC, a benchmark of automobile plate car sales of year 2013 is 5.11 million, which has increased 13.7%. Besides, Shanghai GM and Shanghai Volkswagen sales are taken top 2 ranks among national passenger car sales. SAIC- GM- Wuling still leads mini bus market. The Group has realized 24.8 billion CNY, which has increased 19.53% over last year did. FAW annual report says that the company has realized income of 29.68 billion CNY, which has increased 26.9% over last year, which realizes net profit for stakeholders of 1 billion CNY, which has increase 233.13%.

GAC Group says that the good marker performance is contributed by China automobile industry recovery. Besides, synergistic effect among surround business units strengths the situation. Automobile accessory, insurance, automobile finance and trade service have increased rapid. BYD has realized income of 27 billion CNY, which has increased 9.62%. The second charging and new energy business have contributed a lot for group achievement.

Some institution says automobile industry has recovery season. Its market performance follows expectation.