China’s Automobile Industry Booms: 2023 Production and Sales Exceed 30 Million Units

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20:03[tarodd cynhyrchiad a gwerthiant ceir fy ngwlad y lefel uchaf erioed, rhyddhaodd UBS y data rhagolwg diweddaraf, ac mae sefydliadau’n disgwyl i lawer o stociau godi’n sydyn]Data released by the China Association of Automobile Manufacturers today shows that my country’s car production in 2023. and sales will exceed 30 million units for the first time, an all-time high. 2023, our country’s automobile production will reach 3016.1 million vehicles and 3009.4 million vehicles, 11.6% and 12% respectively.

According to the latest forecast from UBS Group, Chinese automakers are expected to sell 5 million vehicles overseas in 2024, with most of the demand coming from developing markets such as Southeast Asia This will establish China firmly established as the world’s largest car exporter.

Since 2023, Automobile stocks have risen an average of 5.02%, and the overall performance has been stronger than the market Yutong Bus, Thalys and Jiangling Motors have performed outstandingly, rising 125.39%, 71.42% and 53.36 % respectively since 2023.

In terms of sales in 2023, the five listed vehicle companies with a current market value of over 100 billion yuan have all achieved excellent sales results. WORLD annual sales reached 3.0244 million vehicles. Taking advantage of the year-end sprint in December last year, it managed to complete the target set at the beginning of the year Annual sales target of 3 million vehicles. Great Wall Motor achieved annual vehicle sales of 1.231 million units, a year-on-year increase of 15.3%; SAIC Motor sold 5.02 million complete vehicles throughout the year, ranking first in the country for 18 consecutive years. Its vehicle sales in the four quarters were 890,000 units and 1.18 million units respectively million vehicles, 1.31 million vehicles and 1.64 million vehicles, achieving “consecutive increase quarter on quarter”; Changan Automobile’s full-year sales in 2023 were 2.553 million vehicles, year-on-year. a year increase of 8.8%; the cumulative annual sales of Cyrus vehicles has reached 106,700 vehicles, a year-on-year increase of 33.31%, of which sales in December last year are 31,500 vehicles, and monthly sales exceed 30,000 vehicles for the first time, setting record high.

Among vehicle stocks, Yutong Bus was the first to release a performance forecast The company expects net profit attributable to its parent company to be 1.4 billion to 1.9 billion yuan in 2023, a year-on-year increase from 85% to 150%. Yutong Bus sales in 2023 will be 36,500 units, a year-on-year increase of 20.93%. The company’s export business continued to develop, with export sales reaching 10,165 vehicles, a year-on-year increase of 78.87%.

Among the remaining stocks that have not released performance forecasts, according to the forecast data of more than 5 organizations, there are 7 stocks including BYD, Changan Automobile, Cyrus and JAC Automobile, whose performance in 2023 is expected to increase significantly . (Treasure trove of data)

a report