· The largest growth rate of the top ten joint-venture car companies in January-June was 118%

In 2017, with the decline of domestic automobile consumption policy, the growth rate of the automobile market slowed down. In the first six months of this year, the total sales volume of domestic passenger vehicles reached 13.354 million units, a year-on-year increase of 3.8%. But this did not affect the car companies to make money, many companies get the money to get soft. The author has sorted out the revenues of the top ten joint-venture car companies from January to June 2017. SAIC's general operating income reached 103.15 billion yuan, followed by Beijing Benz and BMW Brilliance; among them, FAW Mazda saw the largest increase, reaching 118%.
SAIC GM's operating income in January-June was 103.147 billion yuan. SAIC GM's total revenue for the first six months of this year was 103.147 billion yuan, a year-on-year increase of 13%. The profit attributable to the listed parent company was 9.36 billion yuan, an increase of 8.0%. The increase in profit was attributed to the excellent sales performance of its Cadillac brand, with a cumulative sales volume of 81,000 units in the first half of the year, a 71% year-on-year increase. Among them, XT5 and ATS-L models grew strongly, among which XT5 accumulated sales of 30,405 vehicles, a surge of 471.6% year-on-year; ATS-L accumulated sales of 25,445 vehicles, an increase of 77%.
Beijing Benz's net profit in the first six months increased by 106.7%
Beijing Benz's operating income from January to June reached 58.313 billion yuan, a year-on-year increase of 56%. The net profit attributable to the listed parent company reached 8.312 billion yuan, a year-on-year increase of 106.7%. In the first half of this year, the overall sales of domestic Mercedes-Benz accounted for more than 70% of Mercedes-Benz's total sales in China. Among them, the C-class car maintained excellent market performance, up 24% year-on-year; in the medium and large-sized car sector, the E-Class also achieved a 125% increase.
BMW Brilliance's operating income increased by nearly 40% in January-June. BMW Brilliance's total revenue from the first six months of the year reached 53.04 billion yuan, and the net profit contributed to the group increased by 39.99% from 2.908 billion yuan in 2016 to 2.668 billion yuan. BMW Brilliance's net profit was 5.336 billion yuan, and its pre-tax profit reached 7.114 billion yuan. In the first half of the year, the expansion of BMW Brilliance's new Dadong plant was completed, and the new 5 Series Li long wheelbase medium and large sedan and the new 1 Series sports sedan were launched. The cumulative sales of domestically produced models reached 185,000 units this year, up 30.1% year-on-year, and the pre-tax profit of bicycles exceeded 38,400 yuan.
Changan Ford's operating income and net profit both fell in January-June. Changan Ford's total operating income in January-June was approximately 49.423 billion yuan, down 13% year-on-year; net profit attributable to shareholders of listed companies fell sharply by 31% to 6.239 billion yuan. In the first half of this year, Changan Ford sold a total of 359,700 units, a year-on-year decrease of 17%, and the monthly average sales volume was less than 60,000 units. The target of millions of sales has gradually drifted away. Among them, Forex was the best performing car of Changan Ford, with a total of 123,348 units sold, down 3.71% year-on-year; in addition, the sales volume of Mavericks was 36,865 units, down 34.4% year-on-year.
SAIC-GM-Wuling's operating income declined slightly in January-June. SAIC-GM-Wuling's total revenue from January to June was about 49.2 billion yuan, down 0.48% year-on-year. The net profit attributable to shareholders of listed companies was approximately 2.057 billion yuan, a year-on-year decrease of 18.2%. Although the Baojun brand launched hot models such as 510 and 310W, it did not bring revenue growth to SAIC-GM-Wuling. From January to June this year, SAIC-GM-Wuling sold a total of 1.0131 million units, an increase of nearly 0.1% year-on-year. Among them, Baojun 510 was launched less than 5 months, and the cumulative sales exceeded 100,000 units, reaching 102,906 units. In sharp contrast, Wuling brand sales continued to decline.
Guangqi Honda's operating income in the first six months of the year reached 41.27 billion yuan. Guangqi Honda's operating income in January-June was 41.27 billion yuan, a year-on-year increase of 30.44%. The net profit attributable to the listed parent company reached 1.643 billion yuan. Behind the high revenue growth of Guangqi Honda, it benefited from the substantial increase in sales. Sales from January to June this year were gratifying, with 330,824 vehicles sold, a year-on-year increase of 12%. In terms of bicycles, Guangqi Honda's Accord, Binzhi and Fit continued to sell well, with monthly sales of more than 10,000 units.
GAC Toyota's operating income in January-June rose 8.8%
The sales revenue of GAC Toyota in January-June was 31.175 billion yuan, a year-on-year increase of 8.81%. The net profit attributable to the listed parent company exceeded 10.14 billion yuan. The increase in revenue was attributed to the continued sales of GAC Toyota Highlander, Ralink Shuangqing and Camry Shuangqing. From January to June this year, Highlander accumulated 52,977 units, a year-on-year increase of 14.9%. In terms of hybrid vehicles, Ralink Shuangqing sold 17,524 units, a year-on-year increase of 50%; Camry Shuangqing accumulated sales of 2,968 units in the first half of the year. The total sales volume in the first half of the year exceeded 20,000 units, accounting for 10% of GAC Toyota's overall sales.
Changan Mazda's net profit rose in January-June. Changan Mazda's revenue from January to June this year reached 10.86 billion yuan, up 2.9% year-on-year; the profit attributable to the listed parent company was 1.2 billion yuan, up 26% year-on-year. Among them, the profit growth was mainly due to the steady increase in sales of Angkor Sela, and achieved continuous sales volume. In addition, sales of the CX-5 model also increased significantly year-on-year, reaching 22.9%.
FAW Mazda's net profit in January-June was overturned, and the total revenue of FAW Mazda from January to June was about 8.872 billion yuan, up 118% year-on-year; the net profit attributable to the listed parent company was 420 million yuan, a year-on-year surge of 610%. The rapid growth of profits is due to the rapid growth of sales volume. Among them, the CX-4 listed last year sold 33,619 units in the first half of this year, accounting for 57% of the total sales volume. It became the main vehicle of FAW Mazda.
Zhengzhou Nissan's net profit continued to decline in January-June. Zhengzhou Nissan's total revenue from January to June was 2.857 billion yuan, up 10.48% year-on-year. However, the net profit attributable to shareholders of listed companies is still at a loss, from -0.16 billion in 2016 to -0.29 billion. The main reason is that Zhengzhou Nissan's leading product pickup truck is in the transition period of product switching and loses market competitiveness and other factors. In the first half of this year, Zhengzhou Nissan sold a total of 25,800 units, down 17.4% from last year's 31,300 units. In June this year, the new strategic Pekanavala was listed and given high hopes. With the gradual liberalization of the pickup market in the domestic market, it will benefit the future development of Zhengzhou Nissan.

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