Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens Wu Yanzu in South China for the delivery of clues! CTOnews.com August 28 news, the Secretary General of the Federation of passengers Cui Dongshu yesterday night in the personal official account analysis of the profit margin of the automobile industry as of July this year. CTOnews.com collates the data as follows:

The income of the automobile industry from January to July 2023 was 5.3148 trillion yuan, an increase of 12% over the same period last year.

Cost 4.6378 trillion yuan, an increase of 12%

The profit was 258.3 billion yuan, up 1% from the same period last year.

The profit margin of the auto industry is 4.9%.

Automobile production in July 2023 was 821.7 billion yuan, an increase of 5%.

The cost is 714.9 billion yuan, up 6%.

The profit was 40.7 billion yuan, down 30% from the same period last year.

The profit margin of the auto industry is 5.0%.

Cui Dongshu points out that the average profit margin of the automobile industry relative to the entire industrial enterprise is still on the low side. In addition, the production and marketing of the automobile industry is better under the high base, fuel vehicles can achieve profits but shrink rapidly, new energy vehicles have high growth but large losses, and there is greater contradictory pressure.

In addition, Cui Dongshu, the official account of ▲ Tuyuan, in the first half of the year, due to the implementation of the "world's strictest" national six B standard, also brought certain pressure on the production of automobile companies, thus taking measures to reduce production and inventory, resulting in a greater loss of overall profits.

According to data released by Tuyuan Pexels, retail sales of passenger cars in China reached 1.775 million in July, down 2.3% from the same period last year and 6.3% from the previous month, while wholesale sales reached 737000, up 30.7% from the same period last year. The HKIFA pointed out that retail sales in July was the second highest in history, with a very strong trend. So far this year, retail sales in the passenger car market have totaled 11.299 million, up 1.9 per cent from the same period last year.

Referenc

In July 2023, the auto industry's revenue increased by 5%, profit decreased by 30%, profit margin decreased by 5%.

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