For new energy vehicles in 2017, it is a year of "painful and happy." Judging from the performance forecast announced by several auto companies in recent days, the subsidy withdrawal has had a direct impact on the industry, and corporate profits have declined; at the same time, the production and sales volume of new energy vehicles has grown steadily. Professionals expect to sell new energy vehicles in 2018. Will reach 1 million vehicles.
On the evening of January 23, Zhongtong Bus (10.620, -0.06, -0.56%) (000,957) issued a performance forecast that the company's net profit in 2017 is expected to be 170 million to 230 million yuan, a year-on-year decrease of 70.98% to 60.75% . Zhongtong Bus stated that the company's operating performance in 2017 decreased compared to the same period of the previous year, which was due to the significant reduction in the national new energy passenger vehicle subsidy standard in 2017, and the company's product gross profit margin declined significantly.
The performance forecast of Foton Motor (2.790, 0.00, 0.00%) (600166) also showed that the subsidy retreat has had a negative impact on the company's operating performance. Foton Motor said that the company's net profit in 2017 will be reduced by 396 million to 510 million yuan over the same period of last year, a decrease of 70% to 90% year-on-year, of which deducted non-net profit significantly reduced by 120% to 150%.
Foton Motor believes that the pre-reduction of company performance is mainly due to the decline in the national new energy subsidy standards and the delayed delivery of policies, rising raw material prices, exchange rate fluctuations, increased loans and rising interest rates and other factors affecting recurring gains and losses, affecting 445 million yuan. RMB ~ 569 million yuan.
And BYD (66.510, -0.30, -0.45%) (002594), the industry leader in new energy vehicles, has shown signs of weak growth in 2017's interim results and third quarter results. In the first half of 2017 and the first three quarters of the year, BYD’s net profit fell by 23.75% and 23.82% year-on-year. BYD expects net profit for 2017 to fall by 15% to 20% year-on-year.
In contrast, traditional auto vehicle companies have achieved steady growth in their performance. SAIC (33.960, -0.01, -0.03%) (600104) expects net profit to increase by 7% in 2017. GAC Group (24.240, -0.15, -0.62%) (601238) expects net profit to increase by 55% in 2017~85 %. GAC Group stated that the company’s 2017 growth was mainly due to the growth of its main business.
However, from the perspective of market sales, new energy vehicles are enjoying a good uptrend. According to the data from the China Automobile Association, in 2017, the production and sales of China New Energy (7.810, 0.17, 2.23%) vehicles were nearly 800,000, reaching 794,000 vehicles and 777,000 vehicles, respectively, an increase of 53.8% and 53.3% respectively year-on-year. Among them, among the new energy passenger vehicles, the production and sales of pure electric passenger cars were completed with 478,000 units and 468,000 units respectively, an increase of 81.7% and 82.1% year-on-year respectively; the production and sales of plug-in hybrid passenger cars were completed at 114,000 units respectively. 111,000 vehicles, an increase of 40.3% and 39.4% year-on-year respectively. Some people from China Automobile Association stated that sales of new energy vehicles in 2018 will definitely reach 1 million.
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