14 On the evening of April, Changan Automobile released the 20 19 performance report. The report shows that in 20 19, Changan Automobile's revenue totaled 70.595 billion yuan, up 6.48% year-on-year; The net profit attributable to shareholders of listed companies was-2.647 billion, down 488.438+0% year-on-year.
Changan Automobile pointed out that the sharp decline in net profit was mainly due to the decline in investment income of joint ventures. According to statistics, the cumulative sales volume of Changan Automobile in 20 19 was1760,000 vehicles, down 15 16% year-on-year.
Among them, self-owned brand passenger cars benefited from CS75, CS55 and CS35, and the sales volume in 20 19 was 849,600, down 7.84% year-on-year.
The decline of joint venture brands is even greater. The cumulative sales volume of Changan Mazda in 20 19 years was 133600, down 19.66% year-on-year. The cumulative sales volume of Changan Ford was184,000 vehicles, down 5 1.30% year-on-year, which became the two key points that dragged down the annual performance of Changan Automobile.
This is also the first net profit loss since Changan Automobile went public.
A senior industry insider told Caijing Automobile that Changan, as a highly independent military enterprise, emphasizes independence and self-research, and pays more attention to the right to speak of joint ventures, which is rare in joint ventures where technology and products are generally controlled by foreign parties. This can be said to be his advantage, but sometimes it may also affect the cooperation effect with the joint venture company. This is one reason why Chang 'an's independent plate is stronger than the joint venture plate for a long time.
To this end, Chang' an has been "slimming" for two or three years. First, 2065438+2008 acquired all the shares of Changan Suzuki held by Suzuki for one yuan, and let Suzuki withdraw from the China market.
Subsequently, at the end of 20 19, 50% equity of PSA Company was sold to Baoneng at 163 billion yuan.
Changan Automobile signed an equity transfer agreement with Qian Hai Reiz, which will hold Changan PSA? 50% of the shares were all transferred to Qianhai Ruizhi, and the transfer amount was 65.438+63 billion yuan. After the completion of this equity transfer, Changan Automobile no longer holds the equity of Changan PSA.
Since 20 18, changan automobile has eliminated more than 20 uncompetitive products, complete vehicles, engines, etc. 1 10,000 backward production capacity.
Since the beginning of 2020, Changan Automobile has also accelerated the launch of new products, and successively launched Yidong PLUS and the new brand "Gravity". The first new car UNI-T, UNI-T represents the impact of Changan on the high-end market.
Changan Automobile predicted in its performance report for the first quarter of 2020 that it would turn losses into profits in the first quarter of 2020 and realize a net profit of 500-750 million yuan, up by 65,438+023.85%-65,438+035.78% year-on-year.
In the first quarter, the net profit returned to the mother turned losses sharply. Changan Automobile said that it benefited from the improvement of the company's product structure and the improvement of profitability. At the same time, Chongqing Changan New Energy Automobile Technology Co., Ltd., a wholly-owned subsidiary, introduced strategic investors, and the company gave up the preemptive right to increase capital, which is expected to increase the current non-recurring profit and loss by 22? About 100 million yuan.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.