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Cui Dongshu: in August 2023, the revenue of the automobile industry increased by 6%, profits increased by 11%, and profit margin increased by 5%.

2025-04-02 Update From: SLTechnology News&Howtos shulou NAV: SLTechnology News&Howtos > IT Information >

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CTOnews.com news on October 3, according to the official account of Cui Dongshu, the passenger association, it summarizes the income situation of the domestic automobile industry in August 2023, and believes that the cost of automobile enterprises has declined in August, the marginal improvement, the recovery of market demand, and the cumulative increase of positive factors, so the operating income profit margin of the automobile industry has increased.

Cui Dongshu listed the core data of the August car city as follows:

From January to August 2023, the income of the automobile industry was 6.1652 trillion yuan, an increase of 11% over the same period last year, and the cost was 5.3736 trillion yuan, an increase of 11%.

The profit is 303.6 billion yuan, up 2% from the same period last year; the profit margin of the automobile industry is 4.9%, which is still on the low side compared with the average profit margin of 5.5% of the entire industrial enterprise. The automobile business industry reached 850.4 billion yuan in August, an increase of 6%.

The cost was 735.8 billion yuan, an increase of 5%; the profit was 45.3 billion yuan, an increase of 11% over the same period last year. The profit margin of the auto industry is 5.3%.

CTOnews.com learned from the article that Cui Dongshu believes that the production and marketing of the automobile industry is better under the high base. Fuel vehicles are profitable, but they are shrinking faster. New energy vehicles have a high growth, but the loss is larger, and the contradictory pressure is greater. At present, the relevant departments are stabilizing automobile production and actively expanding market consumption, and the overall situation is stable and improving.

Cui Dongshu, ▲ Tu Yuan Association, the overall profit performance of the automobile industry in 2022 is not strong, and the sales profit margin is only 5.7%, which is much lower than the historical normal level. From January to August in 2023, the sales profit margin of the automobile industry was only 4.9%. The profit margin of cars in August was 5.3%.

The overall unit cost of industrial enterprises was stable in August. Commodity prices are low, and the pressure on raw material costs in the middle and lower reaches of the industry has been reduced. The fall in the price of lithium carbonate upstream has led to an increase of 5% in the cost of the automobile industry, 6% in sales revenue, 11% in profit, high cost of new energy production and large losses.

At the same time, Cui Dongshu makes a specific analysis of the supply chain behind the auto market, and believes that the profits of the auto industry are difficult at present:

Cui Dongshu, ▲ Tu Yuan Association, believes that commercial vehicles are strong and passenger cars are weak in the past two years. Among them, 26.53 million cars were produced in 2021. The consumption structure is further detrimental to consumption, the growth rate of car production is low, which is weaker than the average growth rate of cars, and the growth rate of SUV production is lower than the overall growth rate of cars, which has become a depressed factor to restrain consumption.

In 2018, 1.3 million new energy vehicles were produced, an increase of 40% over 2017, and continued to maintain a strong high growth trend. Production of 1.19 million new energy vehicles in 2019, down 1%, is weak.

In 2022, 27.48 million cars were produced, an increase of 3 percent over the same period last year, and the production of new energy vehicles was 7.22 million, an increase of 98 percent, with a penetration rate of 26 percent.

From January to August 2023, 17.92 million cars were produced, an increase of 5 percent over the same period last year; and 5.16 million new energy vehicles were produced, an increase of 30 percent over the same period last year, with a penetration rate of 29 percent, which is a high growth.

In August 2023, automobile production was 2.51 million, an increase of 5% over the same period last year; new energy vehicle production was 800000, an increase of 14% over the same period last year, with a penetration rate of 32.4%, which is a return to steady growth.

From January to August of 2023, the income of the automobile industry of Cui Dongshu, a federation of ▲ maps, was 6.1652 trillion yuan, up 11% from the same period last year; the cost was 5.3736 trillion yuan, up 11%; the profit was 303.6 billion yuan, up 2% from the same period last year; and the profit margin of the automobile industry was 4.9%, which was still on the low side compared with the average profit margin of 5.5% for the entire industrial enterprise.

In August, the income of the automobile industry was 850.4 billion yuan, up 6%; the cost was 735.8 billion yuan, up 5%; and the profit was 45.3 billion yuan, up 11% from the same period last year. The profit margin of the automobile industry is 5.3%, and the cost of upstream lithium carbonate is too high, resulting in high production costs of new energy and large losses.

Combined with the downward trend of profit margins in previous years, the recent profit decline in the automotive industry has significantly improved, and the market pressure has increased sharply.

The obvious improvement in profits is mainly due to the recovery of luxury car production, and the early chip loss led to a downturn in luxury car production, which affected the huge profit growth. In the future, the growth of luxury cars will resume, and the profits of the auto industry will still improve.

Referenc

In August 2023, the revenue of the automobile industry increased by 6%, profits increased by 11%, and profit margin increased by 5%.

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