Slow pace of development of key automakers in China

After spurring all the way, this year the Chinese auto industry has ushered in a period of gentle development. The Jianghuai Group changed from positive growth in the previous February to negative growth; the total profits of FAW Group, Geely Group, Southeast Automotive, GAC Group and BYD were all lower than the same period of last year, while the total profits of Southeast Automotive and BYD decreased significantly compared with the same period last year. More than 80%. In the latest quarterly report on major economic indicators of key enterprises (groups) of China's automobile industry, the major economic indicators of key enterprises (groups) of the Chinese automobile industry in the first three months of this year are in a steady growth trend, but at the same time the comprehensive economic efficiency index is low. In the same period last year.

According to data from the China Association of Automobile Manufacturers, the comprehensive index of industrial economic efficiency of key enterprises (groups) of the Chinese automobile industry in the first quarter was 495.22, which was lower than the same period of last year. In addition, in the first three months of this year, China's automobile industry key enterprises (groups) have cumulatively increased their industrial added value by 13% year-on-year, which is lower than the 1.28 percentage point increase in industrial added value of industrial enterprises above designated size.

According to express reports, in the first quarter, the profits and profits and taxes of China's automobile industry key enterprises (groups) increased year-on-year, but their growth rates did not exceed 10%, and the growth rate slowed down. In addition, from the specifics of the total profit realized by key enterprises (groups) of the Chinese automobile industry, 17 key auto companies (groups) in China have realized profits in the first quarter of this year. But not much.