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Consumption tax cut, economic benefits of motorcycle industry increase significantly

2020-3-25 9:45:47 Views

In April, the economic performance of the motorcycle industry was stable and getting better. The appeal for the motorcycle consumption tax for many years has finally been resolved, the impact of the reduction in consumption tax has begun to appear, the economic benefits of the entire industry have improved significantly, and the production and operation of enterprises have gradually been brought into the track of healthy development. Details are as follows:

--- Major economic indicators have continued to maintain rapid growth, and economic performance has improved markedly. In 2005, the state stepped up efforts to improve the motorcycle industry and successively introduced a series of policies and measures that regulate the behavior of the motorcycle industry. These measures are effective To promote the healthy development of the motorcycle industry. In April of this year, the country introduced a motorcycle consumption tax policy, which reduced the consumption tax on motorcycles with an exhaust volume of less than 250ml from 10% to 3%. The implementation of this favorable policy will make motorcycle manufacturers' Competition has become more fair and reasonable, and the industry has become healthier and more orderly.

According to the statistics of the monthly economic indicators of 104 motorcycle production enterprises of the China Automobile Association, the motorcycle industry has developed well in the first four months of this year, and the main economic performance indicators of motorcycle production enterprises have maintained a steady and rapid growth. From January to April, 104 motorcycle manufacturers completed a total industrial output value of 26.376 billion yuan, a year-on-year increase of 26.73%; a cumulative industrial sales output value of 25.520 billion yuan, a year-on-year increase of 24.16%; realized main business income of 24.674 billion yuan, a year-on-year increase 23.35%, the increase rate from the negative growth of the same period last year to rapid growth respectively; realized total profits of 561 million yuan, an increase of 44.88% year-on-year, an increase of 33.51 percentage points over the same period last year; the motorcycle industry economic efficiency composite index reached 155.09 points, This is an increase of 32.35 points over the same period of the previous year. All major economic indicators have maintained a rapid growth trend, and the industry's profitability has increased significantly.

——— The funding structure has changed significantly, and the cost input has increased. From January to April, 104 motorcycle manufacturers realized a total of 24.674 billion yuan in main business revenue, a year-on-year increase of 23.35%. Among them, the main business cost was 20.930 billion yuan, a year-on-year increase. Increased 25.46%; Taxes and surcharges on main operations were 850 million yuan, a year-on-year decrease of 2.19%; profit on main operations was 2.894 billion yuan, a year-on-year increase of 18.03%; cost growth was higher than revenue growth, cost input increased, and main business Taxes and surcharges decreased year-on-year, indicating that the impact of the reduction in motorcycle consumption tax in April began to appear. From the perspective of structural proportion, from January to April, the cost of main business accounted for 84.83% of revenue, which was an increase of 1.43 percentage points over the same period of the previous year; the proportion of taxes and additional revenue of main business was 3.44%, compared with the same period of last year A decrease of 0.9 percentage points; the proportion of profit from main operations to income was 11.73%, a decrease of 0.53 percentage points from the same period of the previous year. It shows that although the tax and surcharge of the main business have decreased due to the reduction in consumption tax, the increase in costs still makes the profit rate of the main business decline year-on-year.

In terms of different companies, among the top 10 companies whose main business revenues ranked, cost accounted for 82.97% of revenue, an increase of 0.5 percentage points over the same period last year. Taxes and additional revenue accounted for 3.25%, a decrease of 0.93 compared to the same period last year The profit margin of the main business (referring to the profit of the main business / the income from the main business × 100%) was 13.78%, an increase of 0.43 percentage points over the same period of the previous year. Among the top 20 companies with main business income, cost accounted for 84.19% of revenue, an increase of 1.19 percentage points over the same period last year; taxes and additional revenue accounted for 3.24%, a decrease of 0.92 percentage points over the same period last year; Operating profit margin was 12.57%, a decrease of 0.27 percentage points from the same period of the previous year. Among the top 30 companies with revenue from main operations, cost accounted for 84.58% of revenue, an increase of 1.21 percentage points over the same period last year; taxes and additional revenue accounted for 3.19%, a decrease of 0.89 percentage points over the same period last year. The profit rate of the main business was 12.22%, a decrease of 0.31 percentage point from the same period of the previous year. It can be seen from the above data that the share of main business costs has increased year-on-year, and with the increase in the number of entrepreneurs, the growth rate has continued to expand, and the taxes and additional shares of main business have decreased year-on-year. The number of entrepreneurs increases and shrinks. Vertical analysis shows that with the increase in the number of entrepreneurs, the share of main business costs has continued to increase, while the share of main business taxes and surcharges has continued to decrease, and the profit rate of main business has declined, indicating that large backbones Enterprises have obvious competitive advantages.

From January to April, while main business income and other major indicators increased rapidly, the company's three expense funds showed a slight increase. Among them, operating expenses were 1.034 billion yuan, an increase of 11.08% year-on-year; administrative expenses were 1.045 billion yuan, an increase of 5.54% year-on-year, and financial expenses were .21 billion yuan, an increase of 7.43%. The income from main business was 8.92%, a year-on-year decrease of 1.25 percentage points. The effective control of the three expenses funds has become one of the main factors for the rapid growth of the total profit of motorcycle manufacturers.

——— The net receivables increased slightly, and the accounts payable showed a rapid growth. At the end of April, the net receivables of 104 motorcycle manufacturers were 7.054 billion yuan, a year-on-year increase of 1.80% and a net increase of 125 million yuan. ; Accounts payable was 12.098 billion yuan, an increase of 18.48% year-on-year, and a net increase of 1.887 billion yuan. Net receivables increased slightly, and accounts payable showed a rapid growth trend.

——— The share of working capital increased year-on-year, and the turnover of working capital accelerated. At the end of April, the assets of 104 motorcycle manufacturers totaled 58.383 billion yuan, an increase of 2.52%; the average balance of current assets was 36.012 billion yuan, an increase of 7.59%. The proportion of current funds in total assets reached 61.68%, an increase of 2.91 percentage points over the same period of the previous year. From January to April, the turnover rate of working capital of motorcycle manufacturers accelerated, and the working capital turnover rate reached 2.06 times, an increase of 0.27 times over the same period of the previous year, indicating that the level of utilization of working capital has increased from the previous year.

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