Did you make money for traditional car companies for new forces?

Zhongxin Jingwei, September 21 (Niu Chaoge) Recently, a new power brand sells a car with a loss of more than 100,000 to board the hot search, which once again trigger the industry's discussion about who made money in the car industry chain. With the new forces do not make money, have you made money for traditional car companies that build cars for foundry? When new energy vehicles have put their own production capacity on the agenda, how can these foundries look for new growth engines?

Has the foundries made money?

The foundry model was once a new production model that was generally adopted by the new forces of cars. Zhang Hong, Secretary -General of the New Energy Branch of the China Automobile Circulation Association, pointed out that in the beginning of the starting stage, the new forces may not have time to pay attention to the production link, because the investment it has obtained is used on the level of research and development and service. The production model that saves time -saving and labor -saving and saving cost can allow its products to be listed as soon as possible to receive the inspection of the consumer market.

According to public information, Jianghuai Automobile is the OEM of Weilai Automobile, Haima Motor has been a foundry for Xiaopeng Automobile, and Lifan Automobile has been founding for the ideal car. What is the performance of these traditional car companies during the new forces?

In December 2021, Xiaopeng Automobile terminated the G3 foundry contract with Haima for 4 years. Looking back at the four years of Hema Motors for Xiaopeng Automobile OEM, of which in 2018, the loss was 1.637 billion yuan, the net profit was 85 million yuan in 2019, the loss was 1.335 billion yuan in 2020, and the net profit was 1.117 billion yuan in 2021.

Generally speaking, in the four years of work, Haima Motors achieved two years of profit, with an average of 443 million yuan per year, and a total of 1.77 billion yuan in four years.

In 2017 for Xiaopeng Automobile's foundry, Hip -Horse Motors lost 994 million yuan in a single year. In the first year of cooperation with Xiaopeng Automobile -2018, Haima Automobile was also "delisted on the market for losses for years. Risk alert "is treated with" hippocampus "to"*ST Haima ".

As for the revenue obtained from the Xiaopeng Automobile Office, according to the inquiry of the 2020 annual report of the Shenzhen Stock Exchange, the revenue from Xiaopeng Automobile from Xiaopeng Automobile in 2020 was 1.874 billion yuan, and the amount of raw materials was 1.821 billion yuan. In comparison, Haima Automobile's revenue in automotive manufacturing was 1.106 billion yuan.

What is the situation of JAC cars that cooperate with Weilai in 2016? Its latest semi-annual report shows that the net profit attributable to shareholders of listed companies in the first half of 2022 was -712 million yuan, a decrease of 249.03%from the 478 million yuan in the same period last year. In the face of losses, Jianghuai Automobile was attributed to rising raw material prices, epidemic and industry influence in the annual report.

Looking back at history, since 2019, the net profit number of the annual reports of JAC Automobile has begun to return to correction, and has increased year by year. From 2019 to 2021, net profit was 106 million yuan, 143 million yuan and 200 billion yuan, respectively.

During the same period, the revenue obtained from Weilai Motors also increased year by year. According to data disclosed in the annual report of Weilai Automobile, from 2019 to 2021, it paid about 441 million yuan, 532 million yuan and 715 million yuan to JAC Automobile. Yuan, in the past three years, has paid approximately 1.687 billion yuan.

Looking at the non-net profit of the same period, the annual report data shows that the net profit after deduction continues to be negative, and the losses have expanded for many years. -1884 billion yuan.

Before giving Weilai OEM, Jianghuai Automobile also had a non -net profit of non -net profit, and the years of growing years. From 2014 to 2016, its non -net profit was 552 million yuan, 858 million yuan, and 1.162 billion yuan. Essence

Where is the "living road" of the offspring of car companies' self -built capacity?

As the new forces acquires traditional car companies to obtain cars' qualifications and the gradual advancement of their own factories, some new forces have gradually shrink and even recover the car -making orders.

In 2018, the ideal car acquired Chongqing Lifan Automobile Co., Ltd., a owner of Lifan Technology, and obtained the qualifications of car manufacturing. Public information shows that over 90,000 ideal ONE models delivered in 2021 are produced in its Changzhou factory. The factory is currently at present The new workshop is under construction, and the annual capacity of 200,000 vehicles will be reached after completion. In addition, the ideal car also took over the Beijing Hyundai First Factory, with a total investment of more than 6 billion yuan. It is planned to be put into production at the end of 2023, with an annual production capacity of 100,000 vehicles.

Xiaopeng Automobile said in an annual report of 2021 that P7, which had begun to produce P7 in the factory in Zhaoqing, Guangdong Province in May 2020, now produces G3, P7 and P5 in Zhaoqing's factories. In addition, Guangzhou and Wuhan also built new smart electric vehicles production bases.

Qin Lihong, president of Weilai Automobile, said at the 2022 Chengdu Auto Show that Weilai Hefei Second Advanced Manufacturing Base will introduce the second new car in the second half of next year, and it is planned to be released at the end of this year. Weilai Second Advanced Manufacturing Base has a planned capacity of 300,000 vehicles, and has been put into production Weilai ET5 models.

"Creating a closed -loop industry chain is the dream of every new energy vehicle company, so that you can safely produce your own brand cars and reduce the risks caused by the outside world." Zhang Hong said.

For foundries, how to find new growth points after losing new forces?

分析人士指出，燃油车市场已经呈现饱和状态，有相当一部分燃油车企业因为产品更新换代速度较慢、推出新品力不从心或新品表现不尽人意而在竞争中逐步落后，但它们所拥有的制造设备、 The factory and skilled workers are not behind. The question is how these non -backward production capacity converts production. Take hippocampus as an example, the first three years of foundry, the highest capacity utilization rate is only 32%in 2019. After Xiaopeng's "flying", it is important to find new foundry orders. On September 15th, the "Horse Horse and Tesla cooperated with Tesla" proposed by netizens on the investor interactive platform? "Haima car responded that the company carried out related cooperation business with partners according to the needs of business needs and according to relevant cooperation agreements. Essence In the subsequent operations, the company will continue to develop business ideas and methods to do its best to effectively safeguard the rights and interests of listed companies and investors.

While continuing the foundry model, JAC has also begun to ponder a new growth point. The latest action is that the entry is called a power battery called "earning most money for new energy vehicles" in the new energy vehicle industry.

On September 6, Jianghuai Automobile issued an announcement that it plans to jointly invest in a joint venture with Ankai Automobile, Fudi Battery Co., Ltd. (BYD's Power Battery Company) and Zhejiang Conservation Energy Group Co., Ltd. to build a new energy power battery production plant. The production scale of this project is 10GWH-20GWH, and the products are mainly used for commercial vehicles and other markets.

It is worth mentioning that Jianghuai Automobile still regards the foundry model as the core competitiveness. In the financial report, he said that he established Jianglai Company with Weilai Automobile, "further deepening cooperation". In addition Build a joint venture.

Zhang Hong believes that the foundry model allows traditional car companies represented by JAC to see the possibility of transforming new energy vehicles from fuel vehicles steadily.

Also see this possibility, Lifan Technology, who has been an ideal car foundry. In January 2022, Lifan Technology and Geely, a Geely Motors, who held a number of new power brands such as pole, geometry, and Lingke, each holding 50%of the shares of Rui Blue Motors. long.

New energy vehicle foundry demand is still strong

Analysts pointed out that the demand for new energy vehicles is still strong. In various poses such as Huawei, Xiaomi, Ali, bytes and other companies, they will enter the new energy track in various postures.

Selis, who has in -depth cooperation with Huawei, has rushed to the 100 billion market value this year. According to the data of the Federation of Federation, from April to December 2021, the cumulative sales volume of SF5 (Huawei Smart) reached more than 8509 vehicles, which was several times more than before. The delivery volume of M5 in August reached 7,372 vehicles, ranking among the top three in new energy sales priced at more than 250,000, second only to Tesla's Model Y and BYD Tang.

The increase in sales of SF5 from the SF5 to the questioning world also reflected in the revenue of Selis. In 2020, the operating income of Selis, which was also called Xiaokang, was 14.303 billion yuan. At the end of 2021, the company's revenue was 16.718 billion yuan at the end of 2021, a year -on -year increase of 16.89%. Among the latest 2022 semi -annual report data, revenue reached 12.415 billion yuan, an increase of 68.14%year -on -year. However, Selis's net profit loss in the first half of 2022 expanded to 1.727 billion yuan. As a comparison, the loss was 481 million yuan in the same period last year.

Under the wave of new energy, the car sent by the new forces is an opportunity or a challenge, and it takes time to test. Zhang Hong also reminded that the socialization division of labor was fully used, and various enterprises jointly produced, each of which took advantage of the director, and complementary advantages, which may become a new type of new energy vehicle car building concept and model.

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