[Dahe Finance Cube News] On August 28, Feilong Co., Ltd. released its 2022 semi-annual financial report. In the first half of the year, the company achieved operating income of 1.527 billion yuan, a year-on-year decrease of 12.36%. The net profit attributable to shareholders of l

[Dahe Finance Cube News] html On August 28, Feilong Co., Ltd. released its 2022 semi-annual financial report. In the first half of the year, the company achieved operating income of 1.527 billion yuan, a year-on-year decrease of 12.36%. The net profit attributable to shareholders of listed companies was 24.0549 million yuan, a year-on-year decrease of 83.59%.

During the reporting period, there were four main factors affecting the company's performance:

First, the epidemic situation recurred and raw material prices remained high. In the first half of 2022, the conflict between Russia and Ukraine broke out, the trade dispute between China and the United States continued, the global supply of commodity was unstable, the resource market was chaotic, coupled with repeated epidemics, travel was blocked, product transportation and logistics were not smooth, and freight and sea freight increased by more than 3.5 million yuan year-on-year. ; The cost of raw materials continues to increase, resulting in high raw material prices, and the company's production costs increased by nearly 100 million yuan year-on-year.

The second problem is the lack of chips. Since the second half of 2020, the supply and demand of automotive chips has begun to tighten and enter a phased supply shortage. The shortage of chips has caused many brand automobile manufacturers to face the crisis of production reduction. Although the current shortage of automotive chips has gradually eased, it is still tense, thus Affect the company's operating performance.

Third, labor costs are rising. In November 2021, the company raised employee wages. During the reporting period, labor costs increased by more than 15 million yuan, and employee social security expenses increased by more than 16 million yuan.

Fourth, traditional business is declining. With the national development strategy of "carbon peaking" and "carbon neutrality" and the successive advancement of energy and environmental protection-related policies, the traditional internal combustion engine automobile market has gradually shrunk. The company's traditional business has suffered setbacks, and sales revenue has dropped by about 200 million yuan year-on-year. In particular, orders for commercial vehicles have declined.

Editor: Wang Shidan | Reviewer: Li Zhen | Director: Wan Junwei