In contrast, in the first half of 2017, the revenue and profit of the domestic motor industry showed a dismal performance. According to the data, in the first half of 2017, Shanghai Electric Drives realized operating revenue of 20,876,770 yuan, net profit of -844.72 million yuan; Zhenghai Magnetics New Energy Automotive Motor Drive System operating revenue of 117 million yuan, a year-on-year decrease of 60.03%; Wolong Electric Net profit decreased by 9.33%.
Contrary to the current boom in the new energy automotive industry, the actual status of the new energy automotive electric control production company is not optimistic. In the first half of 2017, there was a trend of decline in revenue and net profit for the new energy vehicle motor segment. In addition, even if profits have not declined, the growth rate of some motor companies has not reached the previous expectations.
In the first half of 2017, the price of motor raw materials rose sharply, by 10%-50%. For example, the price of permanent magnets has risen by 50%. Such as silicon steel, copper and other material costs rose by 20% -30%, the amount of motor used for these materials is very large, so the price of the whole machine has a great impact. Coupled with the host plant will have a certain part of the supplier price reduction, so the motor company's performance in the first half of the year has declined. In addition, the production of new energy vehicles in the first half of 2017 was not as expected, and the average expenses did not decline.
From January to June 2017, the production and sales volume of China's new energy vehicles were 21,200 and 195,000, respectively, which represented a year-on-year increase of 19.70% and 14.40%, respectively. The growth rate slowed down significantly and did not reach market expectations. Judging from the vehicle data, the new energy vehicle industry has not reached the market's expectations and it has caused a significant impact on the production and sales of the upstream new energy vehicle powertrain system.
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