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比亚迪出口增速显著 压力来到奇瑞一侧
7个月的时间里,比亚迪(002594)把自己的汽车出口量卖到约8万辆/月。这是多数汽车企业,都没有 想到的结果。 "从行业市场环境看,以旧换新政策效果继续显现,行业综合整治'内卷'工作取得积极进展,企业新车 型持续投放,助力车市平稳运行,同比实现增长。"陈士华称。 7月,汽车以旧换新政策持续显效,企业新车型持续投放上市,助力乘用车市场平稳运行,销量同比实 现增长。中汽协数据显示,全国乘用车产销分别完成229.3万辆和228.7万辆,同比分别增长13%和 14.7%。1至7月,全国乘用车产销分别完成1583.8万辆和1584.1万辆,同比分别增长13.8%和13.4%。 其中,7月,中国品牌乘用车共销售160.4万辆,同比增长21.3%,占乘用车销售总量的70.1%,销量占有 率比上年同期提升3.8个百分点。 中汽协8月11日披露数据,1至7月,整车出口前十企业中,奇瑞出口量达66.7万辆,同比增长7.3%,占 总出口量的18.1%。与上年同期相比,比亚迪出口增速最为显著,出口达55.3万辆,同比增长1.3倍。 有汽车市场人士认为,从默默耕耘到迎头超越,比亚迪用数年时间,就走完了奇瑞长达数十年的全球化 征途。该 ...
北鼎股份(300824):内销显著受益于国补 外销平稳增长
Xin Lang Cai Jing· 2025-08-12 04:42
Core Viewpoint - Beiding Co., Ltd. reported strong financial performance for the first half of 2025, with significant year-on-year growth in both revenue and net profit, driven by domestic consumption policies and product innovation [1][4]. Financial Performance - In H1 2025, Beiding achieved revenue of 430 million yuan, a year-on-year increase of 34.0%, and a net profit attributable to shareholders of 60 million yuan, up 74.9% year-on-year [1]. - For Q2 2025, the company recorded revenue of 220 million yuan, representing a year-on-year growth of 34.7%, and a net profit of 20 million yuan, which is a remarkable increase of 140.9% year-on-year [1]. Sales Performance - Domestic sales in Q2 increased significantly, with a year-on-year growth of 45.5%, driven by government subsidies and the introduction of new products such as electric cookers and rice cookers [1]. - External sales also showed recovery, with a year-on-year increase of 9.9% in Q2, where brand business revenue grew by 0.8% and OEM business revenue increased by 13.2% [1]. Profitability Improvement - The net profit margin for Q2 was 10.2%, reflecting a year-on-year increase of 4.5 percentage points, attributed to effective cost optimization measures and an increase in the proportion of high-margin brand business [2]. - The company experienced a reduction in expense ratios, with management, R&D, and sales expense ratios decreasing by 3.3%, 1.7%, and 0.5% year-on-year, respectively [2]. Cash Flow and Inventory - Operating cash flow for Q2 was negative at -16.27 million yuan, a significant decrease from a positive cash flow of 9.35 million yuan in the same period last year, primarily due to increased cash payments for inventory [3]. - The company's inventory at the end of Q2 was 160 million yuan, reflecting a year-on-year increase of 30.4% [3]. Investment Outlook - Beiding's positioning in the mid-to-high-end market is expected to benefit from ongoing government subsidy policies, with continuous product expansion and brand development anticipated to drive further improvements in operational performance [4]. - The projected earnings per share (EPS) for 2025 to 2027 are estimated at 0.33, 0.42, and 0.52 yuan, respectively, with a maintained buy rating and a target price of 14.99 yuan based on a 45 times dynamic price-to-earnings ratio for 2025 [4].
云南电动自行车以旧换新带动消费近6亿元
我省不断完善以旧换新政策体系,制定出台实施细则、销售企业和回收企业工作手册,开展政策解读和 宣传宣介。建立多部门协同推进工作机制,及时研究并解决电动自行车安全隐患全链条整治中的问题, 确保收旧、售新等环节安全有序。同时,提高以旧换新覆盖面,参与以旧换新活动的销售网点覆盖全省 98.2%的县(市、区)。 据介绍,我省将继续加大政策落实和宣传力度,推动更多经营主体和消费者参与,进一步释放以旧换新 政策红利。(记者韩成圆) 记者从省商务厅获悉,截至8月3日,云南省电动自行车以旧换新今年累计置换旧车、新车各20.47万 辆,申请补贴超1亿元,带动消费近6亿元。 ...
以旧换新政策效果持续显现
Qi Huo Ri Bao Wang· 2025-08-11 23:08
Group 1 - In the first seven months of 2023, China's automobile production and sales both exceeded 18 million units, with production reaching 18.235 million and sales at 18.269 million, representing year-on-year growth of 12.7% and 12% respectively [1] - In July, the automobile market experienced a seasonal slowdown due to traditional off-peak periods and some manufacturers conducting annual equipment maintenance, leading to a month-on-month decline [1] - The new energy vehicle (NEV) sector continued its rapid growth, with NEV production and sales in July reaching 1.243 million and 1.262 million units, marking year-on-year increases of 26.3% and 27.4%, respectively, and accounting for 48.7% of total new car sales [1] Group 2 - NEV exports showed significant performance in July, with a total of 225,000 units exported, reflecting a month-on-month increase of 10% and a year-on-year increase of 120% [2] - Traditional fuel vehicle exports declined, with 350,000 units exported in July, representing a month-on-month decrease of 9.6% and a year-on-year decrease of 4.3% [2] - The top ten exporting companies included Chery, which exported 119,000 units in July, a year-on-year increase of 31.9%, and BYD, which saw a remarkable export growth of 160% with 81,000 units [2] Group 3 - The China Automobile Industry Association (CAAM) emphasized the need for stable policy expectations, regulated market competition, and strengthened industry self-discipline to ensure healthy and stable industry operations in the second half of the year [3] - Clear national policies are expected to help stabilize consumer confidence and boost automobile consumption, ensuring smooth industry operations in the latter half of the year [3]
以旧换新政策效果持续显现 前7个月我国汽车产销量均超1800万辆
Qi Huo Ri Bao Wang· 2025-08-11 18:09
Group 1 - In July, China's automotive production and sales reached 2.591 million and 2.593 million units, respectively, with year-on-year growth of 13.3% and 14.7% [1] - From January to July, automotive production and sales totaled 18.235 million and 18.269 million units, reflecting year-on-year increases of 12.7% and 12% [1] - The automotive market is experiencing seasonal fluctuations, with the "old-for-new" policy and new model launches contributing to stable growth [1] Group 2 - In July, the production and sales of new energy vehicles (NEVs) reached 1.243 million and 1.262 million units, marking year-on-year growth of 26.3% and 27.4% [1] - NEVs accounted for 48.7% of total new vehicle sales in July, with pure electric vehicle sales at 811,000 units, up 47.1% year-on-year [1] - Plug-in hybrid vehicle sales reached 451,000 units, a year-on-year increase of 2.8%, while fuel cell vehicle sales dropped by 63.5% [1] Group 3 - NEV exports in July were strong, totaling 225,000 units, with a month-on-month increase of 10% and a year-on-year increase of 120% [2] - Traditional fuel vehicle exports were 350,000 units in July, showing a month-on-month decline of 9.6% and a year-on-year decline of 4.3% [2] - Chinese brand passenger car sales reached 1.604 million units in July, with a year-on-year increase of 21.3%, resulting in a market share of 70.1% [2] Group 4 - The automotive industry requires stable policy expectations and market order regulation to ensure healthy and stable operations in the second half of the year [3] - Clear national policies are expected to boost consumer confidence and stimulate automotive consumption [3]
市场规模稳步扩大,服务体验持续改善——透视7月份我国快递业发展
Xin Hua She· 2025-08-11 13:53
Core Insights - The express delivery industry in China is experiencing steady growth, with a significant increase in market scale and service quality as of July 2023 [1][4]. Industry Performance - The China Express Development Index for July is reported at 414.3, reflecting a year-on-year increase of 5.2% [1]. - The express delivery scale index reached 570.5, showing a year-on-year growth of 12.1% [1]. - The volume of express delivery services is expected to grow by 14.7% year-on-year, while revenue is projected to increase by nearly 8% [1]. Service Quality Improvement - The express service quality index for July stands at 566.5, with a year-on-year improvement of 0.3% [2]. - Public satisfaction with express services is estimated at 85.2 points, marking a year-on-year increase of 1.5 points [2]. Factors Contributing to Growth - Rapid emergency response by express companies during adverse weather conditions has enhanced service reliability [3]. - Extensive collaboration within the industry, leveraging events and tourism to boost service offerings [3]. - Innovative urban delivery methods, including the use of subways and partnerships with public transport, have improved logistics efficiency [3]. Technological Advancements - The express industry is exploring the use of unmanned vehicles for delivery in rural areas and developing smart logistics solutions [4]. - Continuous enhancement of delivery capabilities through the integration of technology in logistics operations [4].
销量占比超七成,自主汽车品牌加速“超车”
Bei Jing Shang Bao· 2025-08-11 11:08
凭借新能源汽车实现"弯道超车"的同时,中国品牌之间的竞争也正在加剧。今年上半年,零跑汽车以 22.17万辆的交付量,从理想汽车手中夺取半年销冠位置,并在今年7月销量突破5万辆,再次坐上新势 8月11日,中国汽车工业协会(以下简称"中汽协")发布的数据显示,今年7月汽车产销量分别达259.1万辆 和259.3万辆,环比分别下降7.3%和10.7%,同比分别增长13.3%和14.7%。"7月车市进入传统淡季,部 分厂家安排年度设备检修,产销节奏有所放缓,环比呈现季节性回落。"在中国汽车工业协会副秘书长 陈士华看来,从行业市场环境看,以旧换新政策效果继续显现,行业综合整治"内卷"工作取得积极进 展,企业新车型持续投放,助力车市平稳运行,今年7月产销同比实现增长。 尽管7月车市销量环比呈现季节性回落,但也未阻碍中国汽车品牌的"冲劲"。从分类看,今年7月乘用车 产销量分别为229.3万辆和228.7万辆,同比分别增长13%和14.7%。乘用车销量增长背后,中国品牌正成 为重要支撑。数据显示,今年7月中国品牌乘用车销量为160.4万辆,同比增长21.3%;销量占有率(即销 售量占比)达70.1%,同比上升3.8个百分点。 ...
前7个月我国汽车产销量均超1800万辆!新能源汽车渗透率升至45%, 中汽协:以旧换新政策效果持续显现
Mei Ri Jing Ji Xin Wen· 2025-08-11 10:33
每经记者|李星 每经实习编辑|余婷婷 8月11日,中国汽车工业协会(以下简称"中汽协")公布的最新数据显示,1至7月,全国汽车产销累计 完成1823.5万辆和1826.9万辆,同比分别增长12.7%和12%。其中,7月,全国汽车产销分别完成259.1万 辆和259.3万辆,环比分别下降7.3%和10.7%,同比分别增长13.3%和14.7%。 对于7月全国车市产销出现环比双下滑的原因,中国汽车工业协会副秘书长陈士华解释称,7月,车市进 入传统淡季,部分厂家安排年度设备检修,产销节奏有所放缓,环比呈现季节性回落。"从行业市场环 境看,以旧换新政策效果继续显现,行业综合整治'内卷'工作取得积极进展,企业新车型持续投放,助 力车市平稳运行,同比实现增长。"陈士华称。 中国汽车工业协会专务副秘书长许海东表示,今年前7个月,我国汽车市场保持12%的增长,说明整个 汽车行业在拉动内需、促进消费方面发挥了非常重要的作用。 中国品牌乘用车7月市占率达70.1% 1至7月,商用车产销分别完成239.7万辆和242.8万辆,同比分别增长6%和3.9%。其中,天然气商用车销 量为13.4万辆,同比下降9.6%。其中,货车产销分别完 ...
中汽协:7月新能源汽车产销延续快速增长态势
Zhong Guo Xin Wen Wang· 2025-08-11 09:49
当天公布的数据显示,7月,中国汽车产销分别完成259.1万辆和259.3万辆,环比分别下降7.3%和 10.7%,同比分别增长13.3%和14.7%。1至7月,中国汽车产销分别完成1823.5万辆和1826.9万辆,同比 分别增长12.7%和12%,产销增速较1至6月分别扩大0.2个和0.6个百分点。 新能源汽车方面,7月,中国新能源汽车产销分别完成124.3万辆和126.2万辆,同比分别增长26.3%和 27.4%,新能源汽车新车销量达到汽车新车总销量的48.7%。1至7月,中国新能源汽车产销分别完成 823.2万辆和822万辆,同比分别增长39.2%和38.5%,新能源汽车新车销量达到汽车新车总销量的45%。 中新社北京8月11日电 中国汽车工业协会(简称"中汽协")11日举行月度信息发布会。记者从发布会上获 悉,7月,中国新能源汽车产销量同比分别增长26.3%和27.4%,延续快速增长态势。 中汽协相关负责人分析指出,7月,中国车市进入传统淡季,产销节奏有所放缓,环比呈现季节性回 落。从行业市场环境看,"以旧换新"政策效果继续显现,行业综合整治"内卷"工作取得积极进展,企业 新车型持续投放,助力车市平稳 ...
家电行业周报(25年第30周):7月家电零售需求淡季不淡,出口降幅收窄至3%-20250811
Guoxin Securities· 2025-08-11 09:43
Investment Rating - The report maintains an "Outperform" rating for the home appliance industry [6][4]. Core Viewpoints - Retail demand in July for home appliances remains strong despite the seasonal downturn, with air conditioning retail sales growing over 30% [1][18]. - The decline in home appliance exports has narrowed to 3% in July, with expectations for a return to stable growth as tariff policies ease [2][29]. - The U.S. housing market shows resilience, with expectations for recovery following anticipated interest rate cuts by the Federal Reserve in 2024, which could positively impact home appliance demand [3][34]. Summary by Sections 1. Key Recommendations - Recommended companies include Midea Group, Gree Electric Appliances, Haier Smart Home, TCL Smart, and Hisense Home Appliances for white goods; Boss Electric for kitchen appliances; and Bear Electric, Roborock, and Ecovacs for small appliances [4][12][13]. 2. Retail and Export Performance - July retail performance shows strong growth in air conditioners (+39.4% online, +36.5% offline), washing machines (+21.6% online, +15.7% offline), and significant growth in small kitchen appliances like rice cookers (+17.6% online, +12.0% offline) [1][18]. - Home appliance exports in July reached 59.55 billion yuan, a 3% year-on-year decline, with a slight increase in export prices [2][29]. 3. Market Data Tracking - The home appliance sector achieved a relative return of +1.14% this week, outperforming the broader market [42]. - Raw material prices for copper and aluminum increased by 1.1% and 2.5% respectively, while cold-rolled steel prices rose by 0.8% [45][56]. - Shipping indices for routes to the U.S. and Europe showed a decline, indicating potential cost pressures in logistics [57]. 4. Company Earnings Forecasts - Earnings per share (EPS) estimates for key companies include Midea Group at 5.62 yuan for 2025, Gree Electric at 6.34 yuan, and Haier Smart Home at 2.26 yuan [5][67].