Cui Dongshu: From January to May, the profit of the automobile industry reached 204.7 billion yuan, a year-on-year increase of 17.9%

On June 28, Cui Dongshu, Secretary-General of the Travel Association, issued a document saying that in May this year, as the implementation of macro-portfolio policies was refined and market demand continued to pick up, the effects continued to show.

According to the data it shared, from January to May this year, industrial enterprises above designated size achieved operating income of 53.

03 trillion yuan, a year-on-year increase of 2.9%. operating costs were 45.

27 trillion yuan, an increase of 3.0%. and operating income profit margin was 5.

19%, an increase of 0.

02 percentage points year-on-year.

Among them, the automobile industry’s revenue from January to May was 3.

8966 billion yuan, a year-on-year increase of 7%.

the cost was 3.

4099 billion yuan, a year-on-year increase of 7%.

the profit was 204.

7 billion yuan, a year-on-year increase of 17.9%. the automobile industry’s profit margin was 5.

3%, compared with the average profit margin of downstream industrial enterprises.

1%, the automobile industry is still low.

As the production scale of the automobile market expands, PPI declines, upstream lithium carbonate costs decline, and the overall profits of automobile companies have improved slightly.

Photo source: Public account “Cui Dongshu”, Cui Dongshu said that from January to May, the automobile industry’s production and sales were relatively good under a low base.

However, due to high competitive pressure, profits mainly relied on exports and high-end luxury.

The profits of most other companies fell sharply, and some companies have increased their survival pressure.

It pointed out that domestic effective demand is still insufficient, the external environment is still complex and severe, and the foundation for the recovery of the benefits of industrial enterprises still needs to be consolidated.

As fuel vehicles still have meager profits, but they are shrinking rapidly, some companies have suffered serious losses.

new energy vehicles have high growth, but have large losses, resulting in greater contradictions and pressures.

Therefore, the central government and governments at all levels have stabilized automobile production and actively stabilized fuel vehicle consumption.

The overall situation of the automobile industry has stabilized and improved.

In addition, since the production and sales of the automobile industry are basically the same and the gap is not large, it used the output of the National Bureau of Statistics to calculate the economic indicators of single bicycles.

According to its disclosure, the unit cost of overall industrial enterprises was relatively stable in May.

Commodity prices are operating at low levels, and the pressure on raw material costs in the middle and lower reaches of the industry has been reduced.

The overall bicycle income of the automobile industry chain is 350,000 yuan, and the bicycle profit of the industrial chain is 26,000 yuan.

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Link to this article: https://evcnd.com/cui-dongshu-from-january-to-may-the-profit-of-the-automobile-industry-reached-204-7-billion-yuan-a-year-on-year-increase-of-17-9/

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