Chongqing Changan Automobile Company Limited(000625) 48 released the production and sales express in March 2022, which showed that the company produced 22667500 cars in that month, with a year-on-year increase of 9.28%; 236104 cars were sold, a year-on-year increase of 4.30%. In the first quarter of this year, the company produced and sold Shandong Bailong Chuangyuan Bio-Tech Co.Ltd(605016) vehicles and 65149300 vehicles respectively, with an increase of 2.17% and 1.63% respectively.
Among them, in the first quarter of this year, the sales volume of Chang’an’s own brand was 529376, a year-on-year increase of 1.30%; The sales volume of independent passenger cars was 363283, a year-on-year decrease of 1.34%. Among the joint venture brands, Changan Ford sold 6028700 vehicles in the first three months, a year-on-year decrease of 6.39%; The sales volume of Chang’an Mazda was 410170, with a year-on-year increase of 39.90%.
China International Capital Corporation Limited(601995) latest research report believes that although the chip supply has affected the company’s current production and sales, Chongqing Changan Automobile Company Limited(000625) licensing volume is strong, independent new car orders are strong, joint venture brands are relatively stable, and the de inventory rhythm of wholesale exceeding output is still maintained. Therefore, in the strong product cycle, with the accelerated development of intelligent electric vehicles and the continuous promotion of cost reduction and efficiency enhancement strategies at the group level, the profitability of subsequent companies is expected to be continuously released.
