In the first half of the year, the net interest rate of Chinese auto parts listed companies is higher than that of whole vehicle companies

According to the 2010 semi-annual report of more than 60 automotive parts and components companies listed in Shanghai, Shenzhen, and Hong Kong, it can be seen that the operating income and profits of China’s auto parts listed companies have increased significantly in the first half of this year compared with the same period of last year. The average net interest rate is also Increase to about 7%.

The net profit rate of parts-listed companies in the first half of the year is higher

According to statistics from Gasgoo.com, in the first quarter of this year, the average net interest rate of Chinese listed companies was 7.8% higher than that of parts-listed companies (6.96%). In the first half of this year, the average net profit rate of China's 23 major auto listed companies is 5.46%. In the first half of last year, the average net profit rate of these vehicle companies was only 3.25%.

It can be seen that in the first half of this year, the net interest rate of Chinese auto parts listed companies has surpassed the total vehicle listed companies.

Among auto parts listed companies: Glass companies have the highest net profit rate, and tire companies have lower net profit rate

Of the 60 listed auto parts companies, the highest net interest rates in the first half of this year were two auto glass companies—Xinyi Glass and Fuyao Glass. The net interest rates were all above 20%. Although both companies operate automotive glass and other glass at the same time, auto glass contributes the most to the net profit rate of the two companies.

The average net profit margins of several major tire listed companies in China (Aeolus, Shuangqin, Qingdao Double Star, Yantai Tire A, Jiatong Tire, and Huanghai Stock) fell from 4.95% in the same period last year to 2.36% in China Auto. The list of listed companies' net profit rate is at the end of the list.

In spite of this, the net interest rate of the giant wheel shares engaged in the manufacture of tire molds in the first half of this year was 18.41%, which was equivalent to the level of the same period last year (18.29%). The average net profit rate of major tire steel cord companies (Xingda International, Stellar Technology, and Fuxing Shares) increased from 9.64% in the same period of last year to 13.47%.

In addition, it is worth mentioning that the profit margins of several auto parts companies just listed in the second quarter of this year, such as Far East Drive, Shuanglin, and Wuwu, are relatively high. Far East Drive's net interest rate in the first half of this year was as high as 20.41%, second only to the two glass companies mentioned above. Shuanglin shares and Huawu shares were 14.44% and 12.33% respectively.

Note:

The currency unit of revenue and net profit announced by Xinyi Glass and Jinheng Automobile is Hong Kong Dollar. The value of Renminbi presented in this paper is calculated based on the exchange rate of Hong Kong Dollar to Renminbi at 100:86.