United Credit Rating Co., Ltd. issued a "Tracking Rating Report of Chery Automobile Co., Ltd.", which stated that.
The main business is under pressure as a whole, resulting in losses, and the total profit is very dependent on non-operating income and investment income.
The company's investment income mainly comes from the disposal of long-term equity investment, which is not sustainable. At the same time, the scale of corporate debt has risen rapidly, and the short-term debt repayment pressure is also very great.
Simply put, it's like: in recent years, the market environment is not very good, and bars will definitely lose money just selling wine, so they can only engage in articles on the sideline.
Find someone to sing a song, dance and help. The stage is usually rented during the day to make a living.
If it can't make money, Chery can only tighten its belt. Shanghai Clearing House released the 20 17 annual report of Chery Automobile Co., Ltd.
Chery's internal development expenditure is 65.438+60.9 billion yuan, which can only be ranked in the middle and lower reaches among domestic brands.
There is a tradition of attaching importance to technology from the beginning, and we can still get a good hand in research results.
United Credit Rating Co., Ltd. gave a tracking rating report with data.
Chery can be said to have made achievements in the "three big pieces".
There are domestic engines with the highest thermal efficiency, and the power performance has reached the level of star products of international mainstream brands, and even sold to foreign car companies such as Fiat.
The torsional stiffness of the white body of these models, Qoros 3 and Xingtu, exceeds 28000Nm, ranking among the top brands in China and almost the same as that of mercedes benz c-class cars.
The gearbox is not particularly powerful, but it took seven years to successfully develop a completely independent CVT transmission, which is also a contribution to the backward transmission field in China.
Geely is a rising star of local tyrants. Compared with Chery, Geely's life is much easier.
The National Passenger Car Market Information Association gave a data: from June to May 2020, Geely ranked fourth after North and South Volkswagen and SAIC-GM in the sales ranking of all automobile brands, and domestic brands had the highest sales volume.
Shanghai New Century Credit Rating Investment Service Co., Ltd. made a tracking rating report for Geely, which read. Geely benefited from the continuous growth of automobile sales, and its operating income and operating profit increased steadily during the tracking period.
In addition, the company's capital withdrawal is in good condition, the operating cash flow continues to flow in, the monetary capital stock is large, the refinancing ability of the credit market and the capital market is also strong, and the financial flexibility is also good.
Well, with a lot of money in hand and more emphasis on technology research and development in recent years, Geely has also begun to move closer to technology fanaticism.
Money invested must have a result, can't it be wasted?
Just like: a chef pays attention to the taste of dishes; Although the other one tastes a little worse, it is faster, more familiar and has better business.
Because of his speed, he opened more shops and made more money.
Not only the engine is independently developed, but also the performance is acceptable and the gearbox is good.
DSI, a famous Australian gearbox manufacturer, repurchased; Volvo, I bought it. Blend with each other again, get together and flirt with each other.
The 6AT gearbox was made, and so was the 7-speed wet dual clutch. The two "skill books" of the gearbox have been opened, which is still quite powerful.
So just now, in the automobile patent innovation index, the number 1 was not Geely, but BYD.
BYD is also a rich family. The United Credit Rating Company gave a "BYD Co., Ltd. Tracking Rating Report in 2020", which read.
BYD has three major businesses, in addition to cars, as well as mobile phone parts, assembly and rechargeable batteries.
Although 20 19 was affected by the domestic environment, the income and profit of the automobile industry declined, but the mobile phone parts and assembly business expanded rapidly, and the overall income remained relatively stable.
If you have money in your pocket, of course you are willing to spend it on research and development, as stated in the 20 19 annual report of BYD Co., Ltd.
BYD invested 842 10 billion in R&D in 20 19. Geely and Chery are not as good as BYD, but the automobile business only accounts for 49.53% of the total business, less than half.
According to this ratio, BYD's R&D investment is about 4.2 billion, ranking among the best among domestic car companies.
BYD has invested more and produced more. According to the ranking of "20 19 automobile patent innovation index" just mentioned, not only the number of patents is 1, but also the average patent score is second only to Chery.
The quality and quantity are good, and the total score is even 1.5 times that of Geely, the third place.
Unlike other car companies, BYD's research and development involves all aspects of the entire new energy industry chain and wants to do everything.
It's like: he wants to open a restaurant, from purchasing, packing fish ponds, feeding fish, pulling them to the store, "smashing", burning, studying dishes, then serving them and wrapping them for you.
Zhejiang Gongshang University has a paper "Research on Financial Sustainability of New Energy Automobile Industry —— Based on the Perspective of Industrial Value Chain".
BYD has independently developed and applied technologies in the "three big pieces" of new energy: motor, power battery and power management.
Power battery and motor control technology are also excellent in the world.
Even in the aspect of traditional fuel vehicles, BYD is used to solving its own difficulties, and the engine electronic control unit (ECU) is made by BYD itself.
Other car companies may borrow, buy and reverse develop from others, so they like to do it themselves.
The Great Wall has money, but its function is limited. Compared with the technical car companies mentioned just now, don't forget that there is also a big head-Great Wall Motor.
The label on the Great Wall seems to have little to do with technology enthusiasts, but in fact, it is not 1 day or 2 days for the Great Wall to spend money on research and development quietly.
Just like: spending money on advertising, the Great Wall spends a lot of money and invites many stars to do it there, but it is not necessarily famous.
As the second largest seller of independent brands after Geely, Great Wall has invested heavily in research and development. Let's continue to look at the published reports.
According to the data in the 20 19 annual report of Great Wall Motor Co., Ltd., the annual R&D investment even surpassed Geely, and its sales volume was 1, reaching 4.248 billion.
But the Great Wall is different from BYD. It seems that it doesn't like to solve problems by itself, which is contrary to BYD.
It likes to buy things, buy a little, and then spell it out to do what it wants.
For example, two students also encountered a difficult problem. One likes to think for himself: "I want to solve this equation and correct it."
The other said, "I bought a reference question. I bought the real question last year. Let me see what the students next door have done. " I like playing with this thing.
For example, the double clutch of the Great Wall is to invite these awesome people who are in charge of Volkswagen DSG and Mercedes-Benz 9AT, please come here.
Moreover, among all the 157 parts, only 18 parts such as housings and gears are produced by ourselves.
"You can buy other things as soon as possible. Why not invite powerful people? " That's the idea.
The 2.0L turbocharged engine is directly entrusted to Germany FEV Internal Combustion Engine Company, one of the three authoritative internal combustion engine research and development institutions.
"You are the boss, you are the top three, you can take it, you can't take it is the third from the bottom, right? Come, go! "
Just said, the ranking of "20 19 automobile patent innovation index" is also reflected. Great Wall spent a lot of money, but the number and quality of patents obtained were relatively average.
That was 1 and 2, right? Sales, R&D expenses ... It ranks sixth on the innovation list.
Moreover, in terms of diesel engines, we have also cooperated with Delphi, one of the largest auto parts manufacturing companies in the world, and achieved a "leading position" in the domestic diesel engine field.
We always thought that its SUV was the boss and its diesel engine was the boss.
Chery is still a technical madman among domestic independent brands. Generally speaking, Chery is also the representative of technology fanatics in domestic independent brands.
Brands such as Geely, BYD and Great Wall have good business and a lot of money. "duaduaduadua" has been saving money and catching up quickly.
Which kind of domestic engine is best to use domestic car companies to invest so much money in research and development every year, and which product is the most powerful? We bought a product, not your patent. Whose car is better?
How is the quality of domestic cars now? What are the characteristics of those companies mentioned just now? Who has the best cost performance? Which family has the least minor problems?
How much does it cost to buy a domestic car for a car of about 65438+ 10,000 yuan? The case, analysis and final conclusion are all ready for you.