China's auto industry grew rapidly in the first two months of 2014

According to the main economic indicators of key enterprises (groups) of the automobile industry in January-February 2014, the economic operation of key enterprises (groups) of the automobile industry continued the growth trend of the previous year, and the main economic indicators showed rapid growth and started well. Details are as follows:

First, the output indicators have grown rapidly. In January-February, the key enterprises (groups) of the automobile industry showed rapid growth in production and sales, and the industrial added value, industrial output value and industrial sales output growth rate both exceeded 15%. The accumulated industrial added value was 107.299 billion yuan, a year-on-year increase of 22.64%, with an increase of 19.811 billion yuan; the total industrial output value was 408.093 billion yuan, an increase of 15.29% year-on-year, with an increase of 54.129 billion yuan; the cumulative industrial output value was 407.241 billion yuan. , an increase of 15.67% year-on-year, with an increase of 55.17 billion yuan.
In January-February, the key industry (group) production and sales rate of the automobile industry was 99.79%, and the production and sales were well connected.

Second, operating income was higher than the same period of the previous year. In January-February, the key enterprises (groups) of the automobile industry realized a total operating income of 470.308 billion yuan, a year-on-year increase of 19.22%, and the growth rate was 75.811 billion yuan, an increase of 11.07 percentage points over the same period of the previous year.

From the specific situation of operating income of key enterprises (groups) of the automobile industry, the operating income of most enterprises is higher than that of the same period of the previous year. Among the 17 key enterprises (groups), 12 companies had higher operating income than the same period of the previous year, and 5 companies had lower operating income than the same period of the previous year.

In January-February, the top five companies with operating income were: SAIC, FAW Group, Dongfeng, BAIC and Changan, China. From the perspective of the growth of operating income of the top five companies, the operating income of the five companies was higher than the same period of the previous year, among which: China Changan had the highest growth rate of business income, exceeding 50%; FAW Group's growth rate exceeded 20%; SAIC Group and Dongfeng Company And BAIC Group's growth rate is more than 10%.

From the perspective of the operating income of the remaining 12 companies, the operating income of Brilliance Group, Guangzhou Automobile Group, Heavy Duty Truck Group, Jianghuai Group, Yutong Group, Qingling Company and Shaanxi Automobile Group was higher than the same period of the previous year, among which: Brilliance Group, Heavy Truck Group, The growth rate of operating income of Yutong Group and Qingling Company exceeded 20%; the growth rate of operating income of GAC Group, Jianghuai Group and Shaanxi Automobile Group was within 20%.

The operating income of Geely Group, Chery Company, Southeast Company, Jinlong Group and BYD Company was lower than that of the same period of last year.

Third, the total profit, profits and taxes increased rapidly. In January-February, the profits, profits and taxes of key enterprises (groups) of the automobile industry increased by more than 20% year-on-year. The accumulated total profit realized was 46.192 billion yuan, a year-on-year increase of 37.37%, and the growth amount was 12.566 billion yuan; the total realized profits and taxes was 79.491 billion yuan, a year-on-year increase of 24.39%, and the growth amount was 15.569 billion yuan, of which: business tax and surcharge was 16.935 billion. Yuan, a year-on-year increase of 15.85%, an increase of 2.317 billion yuan; the value-added tax should be 16.364 billion yuan, an increase of 4.38%, an increase of 686 million yuan.

From the specific situation of the key enterprises (groups) of the automobile industry to realize the total profit, in January and February, the total profit of 10 enterprises among the 17 key enterprises (groups) was higher than that of the same period of the previous year, and the total profit was 43.875 billion yuan. The total profit of key enterprises was 94.98%; the total profit of the three enterprises was negative growth, the total profit was 2.888 billion yuan, accounting for 6.25% of the total profits of key enterprises; the losses of 4 enterprises were 571 million yuan.

In January-February, the key enterprises (groups) of the automobile industry saw a rapid increase in profits, profits and taxes. The main reasons were as follows: 1. The production and sales of key enterprises (groups) in the first two months of this year continued the growth trend of the previous year, and the operating income increased by more than 15% year-on-year. In February and January, the growth rate of corporate investment income increased rapidly, with a year-on-year increase of 40.47%, and investment income accounted for 18.86% of total profit.

4. The accounts receivable increased rapidly, and the inventory of finished products increased slightly. At the end of February, the key enterprises (groups) of the automobile industry accounted for 209.257 billion yuan, an increase of 29.03% year-on-year, and the increase in capital occupied 47.083 billion yuan. At the end of February, the inventory of finished products of key enterprises (groups) of the automobile industry was 74.45 billion yuan, a year-on-year increase of 6.65%, and the increase in capital occupied 4.463 billion yuan.

At the end of February, the proportion of accounts receivable and finished goods inventory of key enterprises (groups) of the automobile industry accounted for 21.23% of current assets, an increase of 1.75 percentage points over the same period of the previous year.

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