22/04/29
Lead
No matter from what point of view, as long as the epidemic can be effectively controlled in a short period of time, GAC Group will still retain its past glory in 2022.
Author 丨 Cao Jiadong
Responsible editor 丨 Luo Chao
Edit 丨 Chic
Since the two sectors of joint venture and autonomy have gone together, GAC Group seems to be becoming more and more comfortable in making money. Especially in the development of the new energy industry, from GAC Aian to GAC Toyota and GAC Honda, the answers given by each of them at this level not only compare the entire industry, but also have a clear potential, which has played a strong role in promoting the transformation of the entire group.
Recently, according to the first quarter report of 2022 released by GAC Group, the company achieved a total operating income of 23.145 billion yuan during the reporting period, an increase of 45.67% year-on-year; a net profit attributable to the mother of 3.009 billion yuan, an increase of 27.17% year-on-year; and a net profit attributable to listed shareholders after deducting non-recurring gains and losses of 2.898 billion yuan, an increase of 30.18% year-on-year.
In addition to the increase in profits driven by the substantial increase in the investment income of the joint ventures, gac motor group is also due to the significant increase in sales volume of its major subsidiaries in the terminal market throughout the reporting period.
Indeed, looking at the performance of the entire Chinese car company in the first quarter, the latest data from the China Automobile Association shows that the year-on-year growth rate of domestic automobile production and sales has declined to a large extent, only about 6.5 million vehicles.
However, in the same period, GAC Group completed production and sales of 598,100 units and 608,200 units, with a year-on-year increase of 25.0% and 22.5%. In fact, it can be shown that based on the understanding of the existing market, the response measures made by GAC Group must be more effective.
In detail, in the joint venture, GAC Toyota and GAC Honda must be the core forces supporting the group's acceleration to the head camp. You can also see the hint in the sales board. Both contributed cumulative sales of 247,006 units and 212,424 units in the first quarter, respectively.
Taking a closer look, GAC Toyota's overall research and judgment on china's auto market and the adjustment of its own supply chain, the market advantages achieved in the past two years, and the upward strength instilled in the group are what we must admit. Today, a large number of new models and re-optimized channel channels for new market segments can make the outside world perceive the potential of GAC Toyota.
In other words, since Toyota accelerated the introduction of new models derived from TNGA's global architecture, the entire GAC Toyota has a detailed logic in the follow-up development, whether it is to continue to innovate in the fuel vehicle market, or in the name of e-TNGA, GAC Toyota will go faster and faster on the road of active expansion.
In the future, after the bZ4X, the first model of GAC Toyota's bZ pure electric exclusive series, officially enters the market, this series of new products will not only bring strong vitality to it, but also allow it to make the most thorough reinforcement in the improvement of the new energy market at all levels.
As GAC Toyota plans to reach nearly 60% of its electrified models by 2025 and 100% in 2035. Then, starting from the bZ4X, what we will also see is the determination and perseverance of GAC Toyota to tunnel towards electrification.
Compared with this, although the sales growth rate of GAC Honda is not as good as that of GAC Toyota, its contribution to the group's profit is obviously clear in view of its supply of high-value models such as Accord and Odyssey throughout the first quarter.
What we must also see is that with gazing honda's emphasis on electrification, from the launch of the new pure electric brand e:NP polar pan to the new pure electric SUV model e:NP1, GAC Honda has made a more substantial preparation for the future market competition in the first quarter.
To be sure, since February, the multi-point spread of the epidemic has indeed sent a dangerous signal to the entire Chinese auto market. When the impact of unfavorable factors such as rising raw material prices has not been solved, the ensuing suspension of the logistics industry is bound to lead to the entire market entering a painful period from the source, and the profitability of car companies is inhibited, which is beyond reproach.
All, if GAC Group still maintains its upward trend at this time, it is actually worth saying. The report also revealed that the more eye-catching point is that the vitality shown by GAC Eian New Energy Business, which the group is currently focusing on, is also to a large extent helping the Trumpchi brand to maintain a balance at the development level.
Throughout the First to Third months, Aeon's cumulative sales volume was 44,874 units, an increase of more than 150% year-on-year.
On the surface, the rapid breakthrough in EIAN sales is indeed due to the expansion and upgrading of the factory's production capacity completed in February, and the scale of production capacity has doubled to ensure supply security. But the more concrete side is because of the innovative way of playing in technology, products, channels, marketing and other aspects of EAN, especially the comprehensive innovation and change brought about by mixed reform.
I still remember that Feng Xingya, general manager of GAC Group, said at the annual report exchange meeting, "The goal of Aean's mixed reform is at least to turn the current 'Wei Xiaoli' into 'Ai Xiaowei'!" "I think that no matter how the outside world views Aeon's brand image, using sales to put pressure on the existing pattern of "Wei Xiaoli" is the mission of E-an to accelerate the change of the entire new energy market pattern.
In March this year, GAC Aeon completed a new round of capital increase and share expansion. At the same time, Aeon also realized employee and technician shareholding. These signs actually show that GAC Group's vision of using the new energy industry to complete its transformation is confident.
Facing the future, GAC Group said that a large number of projects in the field of new energy and intelligent networking are being promoted, which will strongly support the goal of increasing gac group's annual production and sales by 15% in 2022. However, no matter from what point of view, as long as the epidemic can be effectively controlled in a short period of time, GAC Group will still retain its past glory in 2022.
Cao Jiadong
Gasoline running in the blood,
Only fast is not broken!