The auto stocks that have collapsed for so long have finally ushered in a full-line recovery today, of which Changan Automobile's stock price has risen to the top.
Source: Flush
At the opening of the market in the morning, Changan Automobile blew today's horn with a word of stop and go, and there was no breakout throughout the day, and as of the close, there were still nearly 480,000 hand seals hanging on the stop price.
Source: Choice
On the news side, Changan Automobile announced the results of last year and the first quarter of this year, and the performance was beautiful.
In 2021, the operating income reached 105.142 billion yuan, an increase of 24.33% year-on-year, and the operating income hit a record high, and it exceeded 100 billion yuan for the first time, which is of extraordinary significance.
In 2021, the deduction of non-net profit was 1.653 billion yuan, an increase of 150.85% year-on-year, and for the first time since 2018, the loss of non-net profit was 3.165 billion yuan, 4.762 billion yuan and 3.25 billion yuan, respectively.
In the first quarter of this year, the operating income was 34.576 billion yuan, an increase of 7.69% year-on-year, and the non-net profit was 2.270 billion yuan, an increase of 215.24% year-on-year, and the profits of the whole year were earned in the first quarter of last year.
In the business structure of Changan Automobile, the proportion of fuel vehicle business is still absolute, but in today's new energy vehicles have become a trend, why can Changan Automobile still hand over such a beautiful performance?
The first is the overall recovery of the automotive industry last year, as a state-owned enterprise background car company, Changan Automobile naturally has no reason to fall behind, of course, this is also due to the domestic control of the epidemic.
Last year, the domestic automotive industry achieved a total of 26.275 million vehicles, an increase of 3.8% year-on-year, and the growth turned from negative to positive, ending the industry's three consecutive years of decline since 2018.
Source: China Association of Automobile Manufacturers
The second is that the company has a way of operation, in the context of the lack of core shortage in the whole industry, the company accurately implements policies, focuses on key suppliers, and formulates a "one factory, one policy" supply guarantee plan to minimize the risk of supply chain fluctuations.
Last year, Changan Automobile achieved a total of 2.3 million vehicle sales, an increase of 14.82% year-on-year, with a market share of 8.76%, up 0.84 percentage points from the same period last year, ranking fourth in the automobile group.
Among them, Changan's Chinese brand cars sold 1.755 million units, an increase of 16.7% year-on-year, ranking second in the industry.
In March this year, Changan Automobile topped the monthly automobile sales list with 133599 units, 11,402 ahead of FAW-Volkswagen, and FAW-Volkswagen is expected to panic.
Source: Multiplying Association
Although Changan Automobile has achieved good results, it should be noted that the era of fuel vehicles has passed, the trend of new energy vehicles is a foregone conclusion, and car companies will only be abandoned by the times in the future if they exert their strength in the new energy track.
Although the amount of new energy in Changan Automobile is still far inferior to the amount of fuel vehicles, it has also achieved gratifying results last year.
Last year, the company sold a total of 114,100 new energy vehicles, an increase of more than 200%, and achieved revenue of 1.236 billion yuan.
In terms of production capacity, the company built 1.07 million intelligent network and new energy vehicle production capacity, 600,000 high-efficiency engines, and 100,000 sets of new energy battery production capacity last year.
As of 2021, Changan Automobile's new energy vehicle production capacity will be 920,000 units.
Just this month, Changan Automobile released the world's first all-electric digital platform EPA1, which is based on pure electricity and expands a variety of energy supplement forms such as hydrogen fuel cells and extended range.
At the same time, a new digital pure electric brand - Changan Deep Blue and the first strategic model C385 were launched, which will be the first mass-produced hydrogen fuel cell sedan in China.
In addition to deep blue, the company has another new energy vehicle brand - Avita. The former is to do the low-end route, the latter to take the high-end route.
Avita, a high-end smart car brand jointly built by Changan Automobile, Huawei and CATL, said that the first model, Avita 11, will achieve mass production and complete the first deliveries in the third quarter.
According to the latest news, the current valuation of Avita Technology Company is 6.260 billion yuan, an increase of nearly 7 times compared with the valuation of 788.2 million yuan last year, of which Changan Automobile is the company's largest shareholder, with a current shareholding ratio of 39.02%.
In addition, changan automobile's other brands optimize the strategy and positioning of Changan UNI, Changan passenger car, Auchan and Kaicheng brands, and will also make a comprehensive transformation to electrification and electrification in the future.
Changan Automobile, which has hindsight, does not know whether it can match by BYD and other new energy vehicle giants in the future.
However, it can be seen that the company's ambitions are still very large, after all, the company is also very domineering to make a five-year and ten-year plan for itself.
By 2025, it plans to achieve a total sales target of 4 million vehicles, of which 3 million are Changan's own brands, including 1.05 million new energy sales, accounting for 35%;
By 2030, it plans to achieve a total sales target of 5.5 million vehicles, of which 4.5 million are Changan's own brands, including 2.7 million new energy sales, accounting for 60%, and overseas sales account for 30%.
The company also said it would peak carbon in 2027 and carbon neutrality in 2045.
In the future, will Great Wall Motors become the darling of the times on the new energy vehicle track? We'll see.