Yongda Auto (03669) fell more than 9% in early trading, falling more than 16% this week. As of press release, it decreased by 5.88% to HK$2.08, with a turnover of HK$13.535,800.
The Zhitong Finance App learned that Yongda Auto (03669) fell more than 9% in early trading, falling more than 16% this week. As of press release, it decreased by 5.88% to HK$2.08, with a turnover of HK$13.535,800.
According to the news, Yongda Auto announced its annual results for the year ended the end of December last year, with total revenue of 72,595 billion yuan, up 0.8% year on year; net profit of 573 million yuan, down 59.4% year on year; and profit per share of 0.29 yuan. The final interest rate was 5.2 points per share, compared to 29.2 points for the same period last year. According to the announcement, new car sales revenue last year was 56.439 billion yuan, a year-on-year decrease of 3%.
According to an investigation report previously released by the China Automobile Dealers Association, the expansion of the market size does not mean that the operating profits of operators are rich. In particular, the new car price war has seriously eaten up the profits that dealers should have made, and the survival situation of car dealers is still quite difficult. Among them, in the dealer profit structure, new car sales losses are serious, and the gross profit contribution of new cars is negative.