On July 16th, in the morning session, the automotive sector continued to rise. By noon, Ankai Bus, Jinlong Automobile, and Haima Automobile hit the limit up, Jianghuai Automobile rose more than 6%, Lifan Technology, Dongfeng Automobile, and Sailis followed suit.
Prior to this, car companies have disclosed their June production and sales reports, with most companies experiencing strong production and sales in the first half of the year. Ankai Bus produced 298 buses in June, with a total production of 2686 buses in the first half of the year, an increase of 63.18% year-on-year; sold 382 buses in June, with a total sales of 2714 buses in the first half of the year, an increase of 68.89% year-on-year. Siles new energy vehicles sold 44,126 vehicles in June, a year-on-year increase of 372.04%; from January to June this year, Siles new energy vehicles accumulated sales of 200,949 vehicles, a year-on-year increase of 348.55%.
Several car companies have disclosed their performance forecasts for the first half of the year. Ankai Bus expects a net profit of 6.5 million to 8.5 million yuan, turning losses around. Haima Automobile expects a loss of 140 million to 180 million yuan, compared to a loss of 63.64 million yuan in the same period last year. Saic-Iveco expects a net profit of 1.39 billion to 1.7 billion yuan, turning losses around compared to a loss of 1.34 billion yuan in the same period last year. Jianghuai Automobile expects a net profit of around 290 million yuan, an 86.86% increase year-on-year. Many securities research reports are optimistic about the future of the entire automotive industry.
Dongguan Securities research report on July 15th stated that since this month, many new energy vehicle models such as BYD Dolphin, Huawei Enjoy S9, and Geely JiKe X have been launched. In addition, the price war of new energy vehicles has cooled down, and the policy issued by the National Development and Reform Commission is promoting the expansion of the automotive consumption scene, with the sales volume and penetration rate of new energy vehicles expected to continue to rise. TF Securities research report on July 15th believes that with efforts from the policy and supply side, the demand in the automotive industry is expected to pick up in the second half of the year, and the sector’s market outlook may gradually become optimistic. As of 12:00 pm on June 25th, the Ministry of Commerce’s platform for trading in old cars for new ones has received 113,000 applications for car scrappage and renewal subsidies, with over 36,000 new subsidy applications in the past week, showing an accelerating growth trend. At the same time, with the launch of Xiaomi SU7, the release of many new cars at the Beijing Auto Show, and the upcoming launch of a series of new cars such as BYD DM5.0 and Hongmeng ZhiXing in the second half of the year.