SAIC Group's liabilities account for 4420 cars

[information on mechanical and electrical products] SAIC Group's liabilities accounted for 44%. 20 car companies had liabilities of 809.8 billion last year

in recent years, SAIC has strengthened cooperation with internationally renowned car companies, and has also continuously improved the R & D and production of its own brands. A lot of human, material and financial resources have been invested in production lines, R & D departments, sales channels and other fields. The next step should be to strengthen inventory management, improve the return on total assets, and strengthen accounts receivable technology to change the future management, accurately grasp the pace of production and marketing, and vigorously improve the structure and efficiency of operation. [information on mechanical and electrical products] China's automobile production and sales showed rapid growth, with the total production and sales of 28.119 million and 28.028 million vehicles respectively. With the rapid expansion of automobile enterprises, the scale of automobile enterprises has also expanded again and again. At the same time, the debt of car companies also rose sharply

according to the statistics of mechanical and electrical products information, the debt of 20 auto enterprises last year was as high as 809.8 billion yuan, with an average debt ratio of 63%. The asset liability ratio of 13 auto companies exceeds 60%, and the market CAGR of Ankai bus and Jinbei Automobile is expected to maintain about 15% in 2009 (2) and 2020, and the asset liability ratio is more than 80%, reaching 84% and 94% respectively

some analysts said that the vehicle manufacturing industry is a capital intensive industry, with a large amount of capital investment, so reasonable capital allocation has an important impact on its development. Compared with developed countries in Europe and the United States, the asset liability ratio of listed auto enterprises in China is relatively low, which reduces the financial risk of enterprises, but it is also not conducive to enterprises to play the effect of financial leverage. In the future, how to adjust the production capacity layout, how to integrate marketing channels, and how to deal with the strong competition of foreign brands are major problems that Chinese automobile manufacturers will face

20 auto enterprises

last year's debt was 809.8 billion yuan

statistics show that as of April 26, the debt of 20 listed auto enterprises that have released the 2016 annual report is as high as 809.8 billion yuan, with an average debt ratio of 63%

specifically, SAIC Group, BYD and Chang'an automobile have the highest total liabilities of 355.5 billion yuan, 89.7 billion yuan and 63.2 billion yuan respectively, with asset liability ratios of 60%, 62% and 59%

the three car companies with the highest asset liability ratio are Jinbei Automobile, Ankai bus and Xiaokang shares, which are 94%, 84% and 77% respectively

among them, the total debt of Jinbei Automobile is as high as 10.7 billion yuan. In fact, in 2016, the net profit of Jinbei Automobile attributable to the shareholders of listed companies who inspected the receiving lens was only -208 million yuan, a sharp drop of 683.03% year-on-year. And 94.% The asset liability ratio of Jinbei Automobile has also reached the highest value since 2010

although the operating revenue of Jinbei Automobile increased by 160million yuan in 2016, Jinbei Automobile still suffered a loss of 200million yuan. According to its previously released performance forecast, the loss in 2016 was mainly caused by the sharp decline in vehicle sales and the loss of its Russian subsidiary. According to the data provided in its consolidated income statement, the loss was mainly caused by the growth of operating costs, taxes, surcharges and financial expenses

according to the annual report of Jinbei Automobile, the total guarantee amount of the company last year was 3billion yuan, accounting for 455.05% of the company's net assets. Wangguihu of the Institute of economics of the Chinese Academy of Social Sciences said that for listed companies, guarantee is essentially a form of implicit debt. Therefore, if the proportion of guarantee in net assets is high, it indicates that the debt of listed companies is high

in addition, the data shows that the debt scale of 14 auto companies in 2016 was higher than that in 2015. At the same time, automobile enterprises with asset liability ratio of more than 65% also include Dongfeng Motor, Shuguang, JAC, China heavy truck and Lifan

as for the high debt generally existing in automobile enterprises, some insiders pointed out that in recent years, China's automobile production and sales have been booming, and the business scale of various automobile enterprises has increased relatively large, resulting in the rapid growth of the absolute number of liabilities. Although the favorable auto market has improved the profitability of auto enterprises, the short-term debt problem is still difficult to solve

liabilities account for 40%

it is worth mentioning that the total liabilities of SAIC Group reached 355.5 billion yuan in 2016, and the liabilities of one company alone are only 1% of the price of silver, more than 40% of the total liabilities of 20 companies

looking through the 2016 annual report of SAIC Group, we found that the five items that made the company's debt high were accounts payable of 104.7 billion yuan; Advance receipts of 22.676 billion yuan; Other payables 45.368 billion yuan; Deposits and interbank deposits of 43.146 billion yuan; Non current liabilities due within one year amounted to 8.674 billion yuan

while the company's car sales continue to increase, the scale of car sales loans is also gradually expanding, mainly reflected in the substantial growth of accounts receivable, resulting in a corresponding increase in financial collection risk. Company managers must attach great importance to this, strengthen the management of accounts receivable, and speed up the return of accounts

the company's assets and liabilities exceeded 100 billion yuan for the first time in 2010, reaching 147.094 billion yuan. By 2015, the total liabilities had increased to 300.713 billion yuan

rapid expansion is an important driver of high corporate debt, and the rapid development of SAIC Group is also inseparable from the help of debt. In general, the capital structure of the company tends to be stable and reasonable, the solvency is guaranteed, and the overall debt repayment risk is not high

it is generally believed in the industry that in recent years, while strengthening cooperation with internationally renowned car companies, SAIC Motor has also continuously improved the R & D and production of its own brands, and invested a lot of human, material and financial resources in production lines, R & D departments, sales channels and other fields. The next step should be to strengthen inventory management, improve the return on total assets and strengthen the management of accounts receivable, accurately grasp the pace of production and marketing, and vigorously improve the structure and efficiency of operation

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