Analysis of China Automotive Manufacturing Industry in 2015

According to statistics from China Association of Automobile Manufacturers, a total of 8,873,600 Chinese branded passenger vehicles were sold in 2015, a year-on-year increase of 15.27%, accounting for 41.32% of the total sales of passenger cars, and the occupancy rate increased by 2.86 percentage points from the same period of last year.

The German, Japanese, U.S., Korean and French passenger cars respectively sold 3.998 million, 3.436 million, 2.557 million, 1.768 million and 729,300, which accounted for 18.91% of the total passenger car sales. 15.91%, 12.27%, 7.94% and 3.45%. Compared with the same period of last year, sales of Korean brands decreased slightly, while other foreign brands showed a slight increase.

January-December 2015 Major industrial and economic indicators of enterprises above designated size in automobile manufacturing industry:

Number of business units: 13431

Number of loss-making enterprises: 1751, 19.1% year-on-year

Export delivery value: 306.22 billion yuan, up 1% year-on-year

Total current assets: 330.83 billion yuan, up 11.4% year-on-year

Accounts receivable: 907.53 billion yuan, 21.2% year-on-year

Inventory: 558.16 billion yuan, 0.8% year-on-year

Finished goods inventory: 242.11 billion yuan, 2.9% year-on-year

Total assets: 57,882.1 billion yuan, up 11.1% year-on-year

Total liabilities: 330.152 billion yuan, 12.1% year-on-year

Main business income: 7015.69 billion yuan, 4.8% year-on-year

Main business cost: 5,879.97 billion yuan, 5.9% year-on-year

Main business tax and surcharges: 143.63 billion yuan, 0.5% year-on-year

Sales costs: 1980.1, up -5.2%

Administrative expenses: 3279.6, 6.9% year-on-year

Financial expenses: 358.5, 43.7% year-on-year

Interest expense: 362.6, year-on-year 2.4%

Total profit: 6071.3, 1.5% year-on-year

Total loss of loss-making enterprises: 339.3, 18.8% year-on-year

VAT payable: 2119.6, 8.6% year-on-year

Note: The starting point for industrial enterprises above designated size is the annual main business income of 20 million yuan.

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