Source Gangtise Investment Research
analysts saidscratchm, summarizing data from 216 listed companies in the automobile industry (including 9 passenger car companies, 7 truck companies, 6 bus companies, and 194 parts companies)scratchmIn 2024Q1, automotive industry revenue was 757.2 billion yuan, a year-on-year increase of 9.9scratchm.9%, down 20% month-on-monthscratchm.2%。The month-on-month decline is a normal phenomenon. The first reason is seasonal sales fluctuations. Q1 car sales are off-season every year, while Q4 is the peak sales season. The second reason is that consumers are waiting for the implementation of the old-for-new subsidy policy, and the market has a heavy wait-and-see attitude. In 2024Q1, the parent net profit of the automobile industry was 29.8 billion yuan, a year-on-year increase of 13.1%, and a month-on-month increase of 21.4%, showing outstanding performance. Recently, major vehicle companies and local governments have successively introduced corresponding subsidy policies, and it is expected that the revenue and profits of the automobile industry will increase double-month-on-month in 2024Q2.
