BYD released its production and sales report in August, with sales of 174,900 vehicles, of which pure electric accounts for about half, 82,700 vehicles.
At the same time, Buffett reduced its holdings by 1.716 million shares BYD shares , and its shareholding ratio dropped to 18.87%.
Although the stock price has been affected a little, the development of new energy vehicles is very rapid, and people can't help but worry about traditional industries.
For example, traditional fuel vehicles.
Traditional car brands have no choice but to desperately catch the shuttle bus of new energy vehicles. From BAIC to Changan , from FAW to SAIC, we all work hard to develop new energy.
Another example is two barrels of oil.
Let’s talk about the semi-annual reports of the two barrels of oil first. Both are the best semi-annual reports in history, and their performance is crazy. Don't list more numbers, analyze something deeper.
Many people have certain misunderstandings about traditional central enterprises, and some even believe that two barrels of oil may prevent the development of new energy.
In fact, the leaders of the two barrels of oil are both national ministerial-level cadres and academicians of the Academy of Engineering. In the process of the transformation of new energy, the pattern and positioning are very high.
In a sense, the two barrels of oil are even actively promoting the dual-carbon strategy represented by the transformation of new energy vehicles.
In addition to actively transforming gas stations and engaging in hydrogen refueling, charging, battery swap and other businesses, Starry Sky Jun discovered directional things from the semi-annual reports of the two barrels of oil.
. Behind the best performance is the decline in sales
Singapore and Chemical Corporation Marketing and distribution (a sector dominated by gas stations), retail volume decreased by 7.7%, and the average gas volume per station decreased by 7.8%.
PetroChina Sales Division (gas station sector), retail volume fell by 6.1%.
This is actually a very scary number. Because from the perspective of the entire industry, the amount of refining has increased. This means that the market share of the two barrels of oil is losing.
was affected by the impact of new energy vehicles and local refineries. Under the impact of electric vehicles and private stations, the sales of the two barrels of oil were shrinking day by day.
. The coverage of outlets has entered a stagnation period
Sino-PetroChina has only added 15 new gas stations in half a year. Compared with the base of 30,000, it has reached its limit. Considering the factor of adding new sites (new expressways and national highways require supporting gas stations, etc.), the company's operating scale is actually shrinking.
, while the number of PetroChina gas stations is less than 181, and the business contraction is significantly reduced.
. Next development direction: Oilfield and chemical raw materials
Sinopec's semi-annual report shows that capital expenditure is 64.65 billion yuan, and the direction of capital expenditure is mainly two: one is crude oil, and the other is the ethylene project.
covers the 30,000 gas station sectors across the country, investing only less than one-twentieth of the total capital expenditure (3.07 billion). It is clear which is more important.
Ethylene is the most basic raw material in the chemical industry, indicating that Sinopec has gradually reduced the refining of gasoline and diesel and turned to chemical raw materials.
Single in Sinopec's semi-annual report: Accelerate the promotion of "oil conversion" and "oil conversion to special", and the proportion of high-end lubricant products continues to increase. The so-called oil conversion and oil conversion are conversion of oil into refining chemical raw materials, special raw materials, etc.
PetroChina's capital expenditure is even more excessive. The gas station business has become a child that no one loves, and most of the capital expenditures are invested in the oilfield and refining sectors. The semi-annual report stated that the Group has increased its efforts in exploration and development, strives to promote the increase in reserves and production, accelerate the transformation and development of refining and chemical industry, and expand overseas business.
This means that even if new energy vehicles are fully popularized, the two barrels of oil will "break the arm to survive" by giving up the gas station business.
Because China, as a factory in the world, the demand for chemical raw materials will not decrease. At present, about 40% of crude oil is refined into chemical raw materials. After the popularity of new energy vehicles in the future, the two barrels of oil will use more production capacity to refine chemical raw materials.
You should know that the two barrels of oil have a total of more than 50,000 gas stations. How can we "break our arms"?
In fact, the two barrels of oil have been planning for a long time.
For example, it has established a joint venture gas station with the famous international oil giant BP.
Sinopec established a joint venture with ExxonMobil and Saudi Aramco.
Two barrels of oil have been fully prepared to cope with the transformation of the market by shrinking the gas station business and accelerating the transformation of refining products, and transforming from mainly selling refined oil to mainly chemical raw materials.
