The announcement shows that the company expects the net profit attributable to shareholders of listed companies in the first half of the year to be 2 billion yuan? ~? 300 million yuan, a year-on-year increase of 189.28%~233.93%. Estimated basic earnings per share is 0.42 yuan/share? ~? 0.62 yuan/share. The net profit attributable to shareholders of Changan Automobile in the same period of 2065438+2009 was-224 million yuan, with a loss of 0.47 yuan per share.
This performance forecast has not been pre-audited by certified public accountants. For the substantial increase in net profit, Changan Automobile attributed it to the improvement of the company's product structure, the improvement of profitability and non-recurring profit and loss items. Among them, non-recurring profit and loss items include: the net profit brought by the introduction of strategic investment by Chongqing Changan New Energy Automobile Technology Co., Ltd. is 26,543.80 billion yuan; The net profit from the sale of the equity of Changan Peugeot Citroen Automobile Co., Ltd. is 6,543.8+0.4 billion yuan; 65.438+77.5 billion yuan was brought by the rising share price of Contemporary Ampere Technology Co., Ltd..
New energy planning is an important part of Changan Automobile's "Third Venture". 20 17, 10 In June, Changan Automobile announced the launch of a brand-new "Shangri-La Plan" based on the 20 15 new energy strategy, with the goal of completing the construction of three special platforms for new energy in 2020, and launching 2 1 brand-new pure electric vehicles and 12 brand-new plug-in in 2025.
Shortly after the Shangri-La Plan was launched, Changan Automobile pocketed 5190,000 yuan of Zhenjiang Demao Hairun Fund in 2017 10. After the acquisition, Changan Automobile indirectly holds 0.3855% of the shares of Contemporary Ampere Technology Co., Ltd., becoming the third state-owned automobile group to hold the shares of Contemporary Ampere Technology Co., Ltd., a power battery supply giant.
Finance and economics. Com query found that Chongqing Changan New Energy Automobile Technology Co., Ltd., which brought huge income to Changan Automobile, was established in May 20 18, and its business scope includes "R&D, production, processing, sales and consulting services for new energy vehicles and auto parts; Automobile manufacturing (excluding automobile engines); Auto parts sales; Automotive engineering technology research and experimental development ". Under the pressure of loss and expansion demand, Changan Automobile listed the company on the Shanghai United Assets and Equity Exchange in June 20 18, and planned to introduce strategic investors by increasing capital and shares.
Due to long-term rejection, the listing was once terminated. After relaxing the capital increase conditions, Changan Automobile was listed again in Chongqing Changan New Energy Automobile Technology Co., Ltd. from 2065438 to September 2009. 20 19 12, Changan Automobile announced that it intends to introduce four enterprises as strategic investments, and the shareholding ratio of the company was diluted from 100% to 48.9546%. The four investors are Nanjing Runke, Changxin Equity Fund, Liangjiang Fund and Southern Industrial Fund, all of which are state-owned strategic investors.
According to public information, Nanjing Runke is wholly owned by Nanjing Lishui Economic and Technological Development Group Co., Ltd. 100%; The ultimate beneficiary of Changxin Equity Fund and Liangjiang Fund is Chongqing Liangjiang New Area Management Committee; The Southern Industry Fund is supported by Chongqing Finance Bureau and China Ordnance Equipment Group Co., Ltd. ..
While increasing the new energy queue, Changan Automobile is also cutting off its debt business. Changan Peugeot Citroen mentioned in this expected performance was established on 20 1 1, and was jointly established by Changan Automobile Group and Peugeot Citroen with a registered capital of RMB 4 billion, with each party holding 50% of the share capital. In the first three quarters of 20 19, the total assets of the joint venture company were 7.203 billion yuan and the total liabilities were 5.999 billion yuan. Due to the sluggish performance, Changan Automobile listed all the shares of Changan Peugeot Citroen Automobile Co., Ltd. held by Changan Automobile on 20 19+00, and on 12-30, Changan Automobile signed an equity transfer agreement with Qianhai Ruizhi to hold Changan PSA? 50% of the shares were all transferred to Qianhai Ruizhi with a transfer amount of 654.38+63 million yuan, and the latter was wholly controlled by Baoneng Automobile Co., Ltd.
In addition to the eye-catching non-recurring profit and loss items, Changan automobile market also performed well. According to its published data, Changan Automobile sold194,400 vehicles in June, up 38.11%year-on-year; In the first half of 2020, the cumulative sales volume was 836,5438+0,000 vehicles, a year-on-year increase of 1.33%. According to the data provided by the Federation, the domestic retail sales of passenger cars reached1654,000 in June, up 2.9% from the previous month and down 6.2% year-on-year. In the first half of the year, the retail sales of passenger cars nationwide reached 7.7 million, down 23% year-on-year.
As of the close of July 14, the share price of Changan Automobile was 13. 19 yuan/share, with a decrease of 1.64%.
Based on the performance forecast of Changan Automobile, the profit increased 189.3%~233.9% year-on-year. CICC believes that short-term profits fluctuate, and medium-and long-term growth also depends on volume and price performance and cost control. Huaxi Securities believes that Changan Automobile expects its profit to return to elasticity from the second quarter of this year. "Considering that the company's medium-term profit center will continue to pick up, give it to the company? 2022? Year? 12? Times? PE, maintain the target price? 16.92? Yuan, maintain? "Buy" rating. "At the same time, Huaxi Securities gave a risk warning: the downside risk of the auto market, the decline in sales of old models, the failure of listing new models, the failure of reducing costs and controlling fees, and the failure of Changan Ford's strategic adjustment.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.