A car company must not only sell the car well, but also achieve a continuous increase in revenue (operating income). After all, car companies are not charities, and it is always necessary to have profit margins and make money when they come out to build cars, otherwise why squeeze in to build cars? It's better to go home and farm.
No, just recently, the four major domestic car brands have announced the group's operating income in 2021. Among them, BYD ranked first among the four major domestic automobile brands with an annual revenue of 216.142 billion yuan, while Great Wall Motors became the car company with the highest net profit among the four major domestic automobile brands in 2021 with a net profit of 6.73 billion yuan.
It can be said that today's domestic car brands are indeed "the more mixed the better", but also let the Chinese people see the confidence that domestic cars will one day be able to fully catch up with the joint venture car. So let's take a look at the actual operating income and net profit of these four major domestic car brands in 2021.
1. BYD
2021 operating income: 216.142 billion yuan
Net profit: 3.045 billion yuan
As a leader in the field of new energy vehicles in China, on the evening of March 29, BYD officially announced its 2021 annual performance report. According to the report, BYD's annual operating income in 2021 was 216.142 billion yuan, an increase of 38.02% year-on-year.
However, in stark contrast to the higher annual revenue, BYD's net profit attributable to shareholders of listed companies is only 3.045 billion yuan, and it has also dropped by 28.08% year-on-year, so does this also prove that BYD will make less money in 2021?
In addition, the report also disclosed that BYD's net cash flow from operating activities in 2021 was 65.467 billion yuan, an increase of 44.22% year-on-year, of which the revenue of automobiles, automobile-related products and other products business was about 112.489 billion yuan, an increase of 33.93% year-on-year.
Finally, BYD's new energy subsidy revenue in 2021 totaled 5.867 billion yuan, accounting for 2.7% of BYD's annual operating income.
As for the sales data, BYD's passenger car sales in 2021 were 713,400 units, an increase of 83.90% year-on-year. The annual sales of commercial vehicles were 7891 units, an increase of 18.64% year-on-year. Overall, the sales trend of BYD models is still very good, and 2021 can also be regarded as a year for BYD to achieve "take-off", so in the next 2022 years, we also expect BYD to deliver 2 better sales results and annual revenue report cards.
2. The Great Wall
2021 operating income: 136.4 billion yuan
Net profit: 6.73 billion yuan
Great Wall Motors is a private car company in Baoding City, Hebei Province, which first started with pickup trucks and SUV models, and developed to today, Great Wall Motors already has five major sub-brands such as Haval, Great Wall Pickup, Tank, WEY, and Euler, so in the domestic automobile market, Great Wall Motors can definitely occupy an important position.
On March 29, the Great Wall also officially released its 2021 financial report. According to the financial report, in 2021, Great Wall Motor's operating income was 136.4 billion yuan, an increase of 32.04% year-on-year; among them, Great Wall Motor's net profit was as high as 6.73 billion yuan, and an increase of 25.41% year-on-year, which also made Great Wall the highest net profit among the four major domestic car brands introduced today.
It is worth mentioning that Great Wall Motor's R&D investment in 2021 is as high as 9.07 billion yuan, an increase of 76.05% over last year, and also accounts for 6.65% of the operating income. In addition, Great Wall Motor currently has sufficient cash flow, and the net cash flow generated by operating activities is a net inflow of 35.32 billion yuan, an increase of 581.61% year-on-year. In the face of such a high net profit, we have to say that today's Great Wall Motors is really a "gold-sucking beast", what do you think?
Finally, Great Wall Motor achieved new car sales of more than 1.28 million units in 2021, an increase of 14.79% year-on-year. In addition, Great Wall Motors' brand upward strategy has also achieved certain results, you know, in 2021, the overall average bicycle price of Great Wall Motors exceeded 106,000 yuan, an increase of 15.02% year-on-year. In addition, Great Wall sold nearly 140,000 new cars in overseas markets last year, and overseas revenue reached 16.16 billion yuan, accounting for 11.85% of the annual revenue.
In short, as the largest private car company in China, Great Wall Motor's every move in the future will have a greater impact on the domestic automobile market. With the increase in the net profit of the Great Wall and the continuous increase in investment in research and development, we also believe that the models after the Great Wall will get better and better, and let the world truly recognize the models created by our Chinese brands.
3. Geely
2021 operating income: 101.6 billion yuan
Net profit: 4.35 billion yuan
Geely is also a private car company, and its founder is Li Shufu. However, compared with the Great Wall and BYD, Geely has acquired the Nordic luxury brand Volvo, so its reputation and reputation in China are also higher than that of the Great Wall and BYD. It is precisely because of the purchase of Volvo, an internationally renowned car brand, that Geely's models have made rapid progress.
At noon on March 23, Geely Automobile also released its 2021 annual performance report. According to the annual report, Geely Automobile sold 1.328 million vehicles in 2021, and its operating income reached 101.6 billion yuan, an increase of 10.3% year-on-year. It is worth mentioning that although the overall sales volume has increased and the revenue is good, Geely's net profit last year was only 4.35 billion yuan, which was not only less than the net profit of Great Wall Motor's 6.73 billion yuan, but also fell by 22% year-on-year.
However, the decline in Geely's net profit is mainly affected by share payments, which may be related to Geely's large-scale equity incentives in 2021. In addition, in the state of flat sales, the biggest feature of Geely's financial data in the past year is the improvement of gross profit, which also reflects the upward trend of the brand premium.
With the optimization of product structure and the improvement of profitability, the overall average bicycle revenue of Geely Automobile (including Lynk & Co) was 87,672 yuan, an increase of 9.0% year-on-year, and the overall gross profit margin increased to 17.1%. From the distribution chart of the product market guidance price, Geely's products with a price of 100,000-150,000 and more than 150,000 increased by 30%, of which the net profit of Lynk & Co increased by as much as 37%.
Finally, with the continuous improvement of Geely Automobile's product structure, bicycle revenue has increased significantly, profit diversification has developed, coupled with strong export sales, its cash flow level has also increased significantly. It should be known that in 2021, Geely Automobile's total cash level will reach 28 billion yuan, a record high, and net cash has reached 20.8 billion yuan. In short, Geely today is obviously confident of achieving the sales target of 1.65 million vehicles in 2022, and we wish Geely to achieve a better profit target in the future.
4. Chery
2021 operating income: 105.6 billion yuan
Net Profit: Undeclared
Chery Automobile is a state-owned car company, which was incorporated on January 8, 1997, headquartered in Wuhu City, Anhui Province, and the current chairman and general manager is Yin Tongyue. In the minds of consumers, Chery has always been a car company that adheres to positive research and development, and its gearbox and engine are also highly recognized by the Chinese people, which shows the profound car manufacturing strength of this car company.
Also recently, Chery Holding Group reported last year's operating data at the internal annual cadre conference. According to the report statistics, Chery Group achieved revenue of 105.6 billion yuan in 2021, an increase of 1.2% year-on-year. It is worth mentioning that this is the fourth consecutive year that Chery Group's revenue has exceeded 100 billion yuan, and at this point, Chery can definitely be called one of the top 5 domestic automobile brands.
In addition, although the epidemic continues to spread in 2021, Chery's annual export volume still reached 113,000 units, an increase of 18.7% year-on-year, which also enabled Chery to maintain the "throne" of the first place in the export of Chinese brand passenger cars for 18 consecutive years. Specifically, Chery has established 6 R&D bases, 10 overseas factories, more than 1,500 overseas dealers and service outlets around the world, and the total overseas production capacity is as high as 200,000 vehicles.
It can be said that today's Chery Automobile is a domestic and foreign "two blossoms", although the annual revenue of 105.6 billion yuan is not counted as NO.1 among the five major domestic automobile brands, but from the layout of Chery at home and abroad and the results achieved in technology, this car company can definitely go on forever. Therefore, in the future, we also wish Chery Automobile can get better and better and climb to a higher peak as soon as possible.
Well, the above is the revenue of the 4 major domestic car brands in 2021, for BYD's revenue in 2021 to achieve more than 200 billion, Great Wall Motor's net profit in 2021 to achieve 6.73 billion in the actual situation, what do you want to say? What are your opinions and opinions on Geely and Chery, two car companies that take the technical route? Leave a message in the comment area to talk about it, let's exchange and discuss it together. (Text/Univision Auto Dazhuo)
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