Chang 'an Car's First Quarter Report Deduction
There was a difference in Changan's first quarter's net profit figures. According to different years and seasons, Changan's net profit increased and decreased. For example, in the first quarter of 2021, the net profit of Chang 'an was 720 million yuan, up 140.2% year-on-year. However, in the first quarter of 2024, Chang 'an's net profit fell by 83.39% to 1.158 billion yuan. According to the 2023 first quarter report, Changan's net profit was 1.481 billion yuan, down 34.75% year-on-year. Therefore, it was impossible to obtain the specific situation of Chang 'an's first quarter deduction of non-net profit.
Chang 'an Car First Quarter Report 2024
Changan's net profit for the first quarter of 2024 was 1.158 billion yuan, down 83.39% year-on-year. In addition, the company achieved a total operating income of 37.023 billion yuan, an increase of 7.14% year-on-year. The data showed that Changan faced the challenge of a decline in net profit in the first quarter of 2024, despite an increase in total operating income. The specific reasons and influencing factors needed further investigation and analysis.
Chang 'an Car First Quarter Report 2023
Chang 'an's 2023 first quarter report showed that the company achieved revenue of 34.556 billion yuan, down 0.06% year-on-year. The net profit of the parent company was 6.97 billion yuan, up 53.65% year-on-year. Despite the decline in revenue, net profit increased significantly, exceeding market expectations. Among them, the investment income mainly came from the acquisition of Deep Blue Car, which contributed to the company's performance growth. Chang 'an's financial performance was excellent, including gross profit margin, cash flow, and expense ratio. Although vehicle sales declined slightly, it was still better than the overall passenger car market. Overall, Chang 'an Automobile continued its good development momentum in the first quarter of 2023, with a substantial increase in net profit, demonstrating the momentum of healthy and sustainable development.
Why is Chang 'an Car's first quarter report so good?
According to the 2022 first quarter report disclosed by Chang 'an, Chang' an achieved a substantial increase in operating income and net profit. Operating income increased by 7.96% and net profit increased by 431.45% year-on-year. Such a profit performance was unexpected and attracted many optimistic expectations. One of the important reasons was that the shares of Avita Technology, a subsidiary of Chang 'an Automobile, had completed the capital increase and share expansion in the first quarter. In addition, Chang 'an had made great progress in the core technology and reliability of its products. The appearance design, interior configuration, and technological sense of the products had also been recognized by consumers. Chang 'an also restricted the behavior of dealers through the Companion Partner Program and provided strong after-sales service, attracting more consumers to choose Chang' an's products. In addition, Chang 'an Automobile continued to promote cost reduction and efficiency enhancement across the region, striving to reduce the adverse impact of rising raw material prices on operating results. In summary, the reasons for Changan's outstanding performance in the first quarter included the magical use of equity investment, the improvement of product technology, the improvement of after-sales service, and the promotion of cost reduction and efficiency enhancement.
Changan Car First Quarter Report
There was no clear information in Changan's first quarter report.
Chang 'an Car reported its performance in the first quarter
Chang 'an's performance in the first quarter of 2024 was not good. Operating income was 37.023 billion yuan, up 7.14% year-on-year, but net profit fell by 83.39%. The net profit after deducting non-repetitive gains and losses was 112 million yuan, a year-on-year decrease of 91.77%. Changan explained that the decline in net profit was mainly due to the impact of the acquisition of Deep Blue Vehicle Technology Co., Ltd. in the same period last year. In addition, Chang 'an's investment income in the first quarter also fell by 96.43% year-on-year to 177 million yuan. Changan's new energy business was still in a state of loss and needed to rely on the profits of fuel vehicles to support it. Overall, Chang 'an's performance in the first quarter was not as good as expected, and its net profit fell sharply.
Chang 'an Car Financial Report
Chang 'an's 2023 financial report showed that the company achieved revenue of 151.298 billion yuan, a year-on-year increase of 24.78%. The net profit was 11.327 billion yuan, up 45.25% year-on-year. The sales of Changan's own brand of new energy increased by 74.8% year-on-year, and overseas sales increased by 39.2% year-on-year. The company's president, Wang Jungong, said that in 2024, Chang 'an would sprint to the sales target of 2.8 million vehicles and achieve the 5% cost reduction target. In addition, the company also had a series of new car plans, including the extended range pickup truck Chang 'an Hunter, Deep Blue G318, Avita's second SUVE15, Deep Blue C857 and Chang' an Kaicheng G393. Overall, Chang 'an's financial report showed the company's growth and development in 2023.
Xu Ji Electric 2021 First Quarter Report
Xu Ji Electric Co., Ltd. released the first quarter report for 2021 on April 26,2021. The report showed that the company achieved operating income of 2.509 billion yuan in the first quarter, up 42.29% year-on-year, and the net profit attributed to shareholders of listed companies was 105 million yuan, up 26.10% year-on-year. The basic earnings per share was 0.13 yuan, and the weighed average return on net assets was 1.97%. By the end of the first quarter of 2021, the net assets of the Company attributed to shareholders of listed companies were 5.684 billion yuan, up 0.61% from the end of last year; the net cash flow generated from operating activities was 217 million yuan, up 13.43% year-on-year. The company is mainly engaged in the research and development, production and sales of power system automaton and protection, power electronic devices and electric transmission devices, high and low voltage electrical appliances and complete sets of equipment, intelligent switch cabinets and components, instruments and meters, etc. While waiting for the TV series, you can also click on the link below to read the classic original work of "Dafeng Nightwatchman"!
Chang 'an Automobile reported its investment income in the first quarter
Chang 'an's investment income in the first quarter of 2023 was 177 million yuan, down 96.43% year-on-year. This was mainly due to the impact of the investment income confirmed by the acquisition of Deep Blue Vehicle Technology Co., Ltd. in the same period last year.
What's wrong with Chang 'an Car?
The current situation of Chang 'an Car was multi-sided. Chang 'an's revenue in the first quarter of 2021 increased by 7% year-on-year, and it achieved a strong return in 2020. Its net profit reached 9.882 billion yuan, an increase of 43.22% year-on-year. In addition, Chang 'an had made certain achievements in the field of new energy and intelligence. It had launched a variety of new energy products and built differentiated brand value. Through technological innovation, Changan had also mastered the integration and control technology of the three electric vehicles, and had also achieved certain results in marketing. In terms of sales volume, Chang 'an sold 1.215 million vehicles in the first half of 2021, an increase of 8% compared to the same period last year. In general, Chang 'an had achieved a certain improvement in terms of profit and sales.
Chang 'an Car, 30,000 to 50,000 yuan new car
Chang 'an had a variety of models to choose from in the price range of 30,000 - 50,000 yuan. Among them were Changan V3, Changan V5, Changan Xinbao Mini, Changan Ono, Ono S, and Changan Shenqi T20. The Chang 'an V3 was an entry-level mini-noodle product. It had a full appearance and a simple and practical interior. Compared to other cars of the same price, the Changan V3 had an advantage in terms of body size and could carry more items. The Changan Ono S adopted a brand new front and rear design, and the interior center console was also upgraded to make it more fashionable. The price range was 39,900 to 55,900 yuan. The model was equipped with a 1.5L naturally aspirated engine with a maximum power of 107 horsepower and a peak moment of 145 N·m. The transmission system was matched with a five-speed manual transmission. In terms of the chassis, the new car used the front McPherson independent suspension and the rear leaf spring non-independent suspension. He needed to know more about other specific models.