/ Aswen News/October 11, 2022 Guangzhou -- In the first half of this year, Changying Precision Industry Co., LTD. 's semi-annual revenue reached 7.079 billion yuan, a year-on-year growth of 56.54% and a record high for the same period in the past year. One of the main factors driving the revenue growth of the company is that the new energy business of the company has entered the volume stage. The half-year revenue of the sector increased by 140% year on year, breaking the 1 billion yuan mark for the first time.
According to the disclosure of the company, the main reason for the growth of Changying Precision's new energy business in the first half of the year is that the company's three battery structural parts production bases located in Yibin, Sichuan Province, Changzhou, Jiangsu Province and Ningde, Fujian Province have started to put into production, and the production capacity of the new energy business plate has been gradually released.Analysis believes that one of the main reasons for Changying Precision's profit decline in 2021 is that the company has made a large amount of investment in the layout of new energy field, resulting in high fixed costs. However, with the release of new energy business capacity, it is expected to gradually exert scale effect and realize profit growth, which will become an important driving factor for Changying Precision's future performance growth.
In fact, with the gradual expansion of new production capacity, the profit of Changying Precision is also improving rapidly. The net profit after deduction in the fourth quarter of 2021, the first quarter of 2022 and the second quarter of 2022 are respectively -818 million yuan, -228 million yuan and -0.32 million yuan, showing an obvious trend of good performance. Changying Precision may have entered the profit inflection point.
In addition to the company's own capacity expansion, the peripheral good market environment is also an important base for the growth of Changying Precision. According to the data released by China Automobile Association recently, in the first eight months of this year, the production and sales volume of new energy vehicles in China reached 3.97 million and 3.86 million respectively, 1.2 times and 1.1 times of the same period last year. In August, the production and sales volume reached 691,000 and 666,000 respectively, and the monthly production and sales volume hit a record high again, increasing 1.2 times and 1 times respectively compared with the same period last year. Continue to maintain the momentum of both production and sales.Recently, the Ministry of Finance, the State Administration of Taxation, the Ministry of Industry and Information Technology issued the "Announcement on the continuation of the new energy vehicle purchase tax exemption policy" (hereinafter referred to as the announcement), the purchase date of new energy vehicles in the period from January 1, 2023 to December 31, 2023, vehicle purchase tax exemption. The move shows that the country's support for the development of the new energy vehicle industry is still strong.
< /p>According to the China Passenger Federation, the global sales volume of new energy vehicles is expected to reach 10 million units in 2022, and the domestic sales volume is expected to reach 5 million units. China's new energy vehicle industry chain is expected to fully benefit from the general trend of increasing penetration rate of electric vehicles. East Asia Qianhai Securities believes that under the current general trend of vehicle electrification, global new energy vehicle sales are still expected to maintain a rapid growth, and continue to be optimistic about the new energy vehicle sector in 2022.
