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In one year, 16 auto manufacturing companies were listed on the A-share market, and their stock prices rose across the board…
Source: IPO Daily
Original Deng Haotian
According to statistics from the IPO Daily, from June 29, 2020 to June 28, 2021, during this year, 16 companies affiliated with the automobile manufacturing industry have successfully listed on the A-share market. Among these 16 companies, 10 are from the Shanghai Stock Exchange main board and 6 are from the ChiNext.
This also means that none of the 16 sub-IPO companies affiliated with the automobile manufacturing industry are from the Shenzhen Stock Exchange Main Board or the Science and Technology Innovation Board.
Data source: IPO daily self-made table
So, what is the performance of these 16 sub-new stocks?
Yingli AutomobileRevenue exceeds 5 billion
Among the 16 sub-new stocks that belong to the automobile manufacturing industry, the top three with the highest operating income in 2020 are Yingli Automobile,Guansheng shares、Huguang shares. Among them, Yingli Automobile’s operating income in 2020 is 5.02 billion yuan, ranking first, Guansheng shares with 1.841 billion yuan in revenue, followed by Huguang shares with 1.531 billion yuan in revenue.
Data source: IPO daily self-made table
Although Yingli Auto will generate the highest revenue in 2020, it is not the fastest growing revenue.
According to statistics from the IPO Daily, in 2020CarbideThe revenue increased by 38.41% year-on-year, ranking first,Songyuan sharesFollowed by a growth rate of 15.25%,Chaojie sharesRanked third with a growth rate of 12.45%.
Data source: IPO daily self-made table
It should be pointed out that among the above-mentioned 16 sub-new stocks that belong to the automobile manufacturing industry, 7 companies have experienced a year-on-year decline in revenue in 2020.
Among them, 2020Wuxi ZhenhuaRevenue dropped by 9.72% year-on-year,Shentong TechnologyA year-on-year decrease of 6.53%, as follows:
Data source: IPO daily self-made table
Let’s look at the profit list again.
According to statistics from the IPO Daily, in 2020,Changhua sharesThe net profit returned to the parent after deduction is 180 million yuan, which is the most profitable company among the 16 companies mentioned above, followed byHexing shares173 million yuan.
Data source: IPO daily self-made table
In 2020, Superjet’s net profit attributable to the parent after deduction has increased by 73.82% year-on-year. It is the company with the fastest growth in net profit after deduction. The second place is Hexing, whose net profit after deduction is returned to the parent. The growth rate of 54.82%.
Data source: IPO daily self-made table
It needs to be pointed out that among the 16 companies mentioned above, 10 companies will have a year-on-year decrease in their net profit attributable to their parent in 2020. Among them, in 2020, the net profit of Guansheng shares after deduction from the parent company fell by 52.9% year-on-year, and Kabe billion decreased by 40.22% year-on-year, as follows:
Data source: IPO daily self-made table
On the whole, the performance of listed auto manufacturing companies in the past year has not been satisfactory. Among the above-mentioned 16 companies, more than 40% of the companies achieved a year-on-year decline in revenue in 2020, and more than 60% of the companies’ net profit attributable to the parent after deduction in 2020 decreased year-on-year.
At the same time, although Yingli Automobile is the company with the highest revenue in 2020, Changhua shares will make the most money.
Stock price rise
In addition to peaking in revenue, Yingli Auto is also doing its part in market value.
According to statistics from the IPO Daily, as of the close of June 29, the total market value of the 16 companies mentioned above was 76.266 billion yuan. Among them, Yingli Auto has a market value of 15.406 billion yuan, ranking first.East Arrow TechnologyWith a market value of 7.685 billion yuan, followed closely.
It should be pointed out that Yingli Auto is the only company with a market value of more than 10 billion in the sub-new stocks of the automobile manufacturing industry.
Data source: IPO daily self-made table
In addition, statistics from the IPO Daily found that as of June 29, the closing prices (post-restoration) of the above-mentioned 16 sub-new shares belonging to the automobile manufacturing industry were all higher than their issuance prices, as follows:
Data source: IPO daily self-made table
It can be seen that as of the close of trading on June 29 (after the resumption of rights), Yingli Auto’s share price was 10.31 yuan, an increase of 398.07% from the issue price; the share price of Carbei billion was 76.35 yuan, an increase of 306.32% from the issue price; Huguang Shares, Hexing Shares, Songyuan Shares, Dongjian Technology,Bojun TechnologyThe stock price has increased by more than 100%.
In other words, if an investor “should” hit the second-new stocks of the auto manufacturing industry, and hold the shares so far, these investors have made money.
Industry gross profit margin is not high
The essence of Buffett’s stock selection strategy lies in paying attention to the three indicators of gross profit margin, net profit margin, and return on net assets, especially the return on net assets (roe). Buffett also set standards for these three indicators, that is, the gross profit margin should be higher than 40%, the net profit margin should be higher than 5%, and the return on net assets should be higher than 15%.
Statistics from the IPO Daily found that none of the 16 sub-new stocks mentioned above meets Buffett’s stock selection criteria. The above phenomenon is mainly because the industry’s gross profit margin is not high. For example, in 2020, the gross profit margin of sub-new stock Superjet shares with the highest gross profit margin is 39.79%, which is still lower than 40%.
Data source: IPO daily self-made table
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