Entering the May Day holiday, many people have entered the state of vacation, but car companies still seem to be very "volume", especially the new forces of car manufacturing, which have recently released April sales. Of course, some car companies recently announced their financial reports for 2021 and the first quarter of this year, and Changan Automobile is one of them. In the financial reports of many car companies, Xiaobian believes that Changan's financial reports have a lot of points to watch, after all, the data displayed in the financial reports is more eye-catching. What exactly is it? Let's take a look.
Revenue exceeded 100 billion, and non-net profit turned positive
The 2021 financial report shows that Changan Automobile's operating income in 2021 was 105.142 billion yuan, an increase of 24.33% year-on-year, and the data is very eye-catching, and this is also the first time that Changan Automobile's operating income has exceeded 100 billion. In addition, it can be seen that the net profit attributable to the shareholders of the listed company reached 3.552 billion yuan, an increase of 6.87% year-on-year; the net profit attributable to the shareholders of the listed company after deducting non-recurring gains and losses was 1.653 billion yuan, an increase of 150.85% year-on-year, ending the negative state of deducting non-net profit in the past 2 years.
In fact, it truly reflects the level of profitability of an enterprise under normal operating conditions. Changan's 2021 financial report shows that its net profit attributable to the shareholders of the listed company after deducting non-recurring gains and losses has turned from negative to positive, which actually means that Changan has made money by selling cars alone, which is naturally good news for a car company.
It is worth mentioning that the data of Changan Automobile's financial report in the first quarter of 2022 is also not bad, with operating income of 34.576 billion yuan, an increase of 7.96% year-on-year, and the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses is 2.269 billion yuan, which has a good development trend.
Independent and joint venture brands work together
Whether it is the annual financial report or the quarterly financial report, Changan Automobile has achieved double growth in revenue and profit, which is inseparable from the blessing of its major independent and joint venture brands. From the perspective of sales volume, Changan Automobile sold 2.301 million units in 2021, of which the contribution of independent brands was not small, and the sales of Changan Chinese brands were 1.755 million units, accounting for 76.3% of the total sales. By brand, Changan Automobile's brand sales were 966,000 units, Auchan's brand was 228,000 units, and Changan New Energy played an outstanding role, with sales exceeding the 100,000-unit mark for the first time.
In terms of joint venture brands, Changan Ford also had a good performance in 2021, with sales reaching 305,000 vehicles, an increase of 20.9% year-on-year, with annual operating income of 61.765 billion yuan and net profit of 2.284 billion yuan. Among them, the Lincoln brand plays a great role, and the sales of Lincoln after localization will reach 89,000 vehicles in 2021, an increase of 109.1% year-on-year.
In addition, although Changan Mazda did not play a very good role in sales, after its merger with FAW Mazda, the significance and height of the entire brand are different, and the future development is worth looking forward to.
Whether it is an independent brand or a joint venture brand, they play an excellent role, and they are also inseparable from the update iteration or launch of their products. Last year, Changan had many new products, such as the launch of the 2022 CS75PLUS, the second generation of CS55PLUS, the 2021 Yidong PLUS, UNI-K, the new UNI-T Ford EVOS, MAZDA3 Axela and so on. From this year, the pace of new product launches has not slowed down, such as the new generation of Mondeo, UNI-V, and a series of new products launched this year are expected to increase the overall sales of Changan Automobile Group.
Ambitious and multi-directional
In fact, in addition to the new generation of Mondeo and UNI-V this year, Changan Automobile Group also has many products launched. Moreover, Chang'an will also focus on the layout of the new energy field this year, and its ambitions are not small. According to the plan, Changan Automobile plans to achieve a total sales target of 4 million vehicles in 2025, of which the new energy sales target is 1.05 million units, which is equivalent to changan automobile's average monthly new energy sales of nearly 100,000 units in 2025.
However, in terms of sales in 2021, the annual sales of Changan New Energy are also more than 100,000 vehicles, and now it is 2022, and it is only 3 years away from 2025, how to double the sales of new energy is a serious problem. However, from the perspective of the planning and layout of Changan Automobile, it is not impossible.
According to the layout, its new energy field will cover the low- and high-end markets, of which the high-end market is responsible for the Avita brand, and the high-end market is responsible for the recently released deep blue brand, and Changan C385 is one of the representative products of the brand. The low-end brands are attacked by micro-owners such as Changan Benben and the recently released Changan LUMIN. In other words, Changan Automobile will have a comprehensive layout in the field of new energy, and it is believed that its market share in the field of new energy will increase rapidly this year.
Auto Network Review: Changan ushered in substantial development
In 2021, the global epidemic situation is repeated, no matter what the industry, most companies face severe supply chain problems, and the automotive industry is the same. Last year's auto market, the challenges faced are no less than in 2020, or even more than that, and Changan Automobile Group can break through in such a context, achieve revenue of more than 100 billion, and deduct non-net profit from negative to positive, it can be said that it shows a strong brand strength and anti-risk ability.
From the analysis of financial report data, whether it is 2021 or the first quarter of this year, Changan Automobile has ushered in substantial development, and may continue to break through this year to bring surprises. Many times, we tend to underestimate the strength and ability of our own brands, but they can respond through achievements again and again, and Changan Automobile is one of them.