Harmony Auto announced its interim results in 2020, with revenue of 5.755 billion yuan.

Financial Network Automotive News? Harmony Auto announced its first half results.

On August 25th, Harmony Auto announced its interim results in 2020, achieving revenue of about RMB 5.755 billion, a slight decrease of 2.3% year-on-year; The gross profit was about 520 million yuan, a year-on-year decrease of 65,438+00%; The profit attributable to the owners of the company is about 235 million yuan, a decrease of 18.0% compared with 20 19. Earnings per share is 0. 15 yuan, and there is no dividend.

The gross profit margin of the Group in the first half of 2020 was 9.0%, which was 0.8% lower than 9.8% in the same period of 20 19. Among them,? In the first half of 2020, the gross profit margin of new car sales was 3.7%, which was 0.2% lower than that of 20 19. In the first half of 2020, the gross profit margin of after-sales service was 44.4%, an increase of 0.3% over the same period of last year? .

According to the performance announcement, due to the spread of the epidemic, the sales volume of new cars and after-sales service income of Harmony Automobile decreased by 26.7% and 32.2% respectively in the first quarter. The time to resume production and work in the central and western regions lags behind that in East China and South China, but thanks to the quick response ability and correct industry judgment of the company's management team after the outbreak, it has become one of the few dealer groups that quickly recovered from the impact. The new car sales business took the lead in recovery, and the new car sales in the second quarter increased by more than 10% year-on-year.

The sales volume of BMW brands (including MINI) with the largest proportion of harmonious automobile agents is basically consistent with the national average. Sales of Lexus, the second largest brand, increased by 7.4%. In terms of luxury brands, Bentley's sales increased by 150%, and Rolls-Royce's sales increased by 2 1%.

Regarding the performance issue, Caijing Automobile contacted the relevant person of Harmony Automobile, and the other party did not immediately reply to the request for comment.

Ren Wanfu, an auto industry analyst, believes that Harmony Auto's main business is luxury and ultra-luxury brand agents, and the luxury brand market is picking up faster, driving the performance of Harmony Auto to rise.

In the next decade, automobile comprehensive service companies such as Harmony Automobile will be constantly adjusted with the development of the automobile industry, and finally several enterprises with strong comprehensive strength will be formed.

Zhou Lijun, an analyst with Easy Car Research Institute, believes that Harmony is dominated by luxury cars including Lexus. At present, the luxury car market is relatively strong, especially Lexus, which is conducive to the harmonious promotion of income and profit space; The luxury car market will continue to be optimistic in the future, which is conducive to the development of harmonious cars; On the other hand, as BMW and Mercedes-Benz also increase their efforts in price reduction and promotion, they will also put forward higher requirements for the operational capabilities of dealers such as Harmony; With the automobile market in China gradually entering a new era dominated by inventory, dealers are in the stage of transformation and upgrading from sales agents to independent channel operators.

On June 15, 2020, that is, half a month before Baiteng decided to stop production, the shareholders' meeting of Harmony Automobile took the lead in passing the decision to change the company name back to Harmony Automobile Holdings Co., Ltd., on the grounds that "changing the company name is in line with the company's development strategy of focusing on its main business and reflects the firm confidence of the company in developing luxury car and ultra-luxury car industries".

In the 20 19 financial report released in April 2020, Harmony Automobile clearly announced the adjustment of its strategic direction, saying that the current investment in Baiteng has been "only a financial investment, which can be realized at an appropriate time, and the cash will be returned to the listed company to give back to the shareholders of Harmony Automobile."

This article comes from car home, the author of the car manufacturer, and does not represent car home's position.