An Analysis Of Profitability Of Listed Companies In Automobile Industry

Automobile industry plays an important role in China’s economic development, and it is the pillar of our country’s economy. After the reform and opening up, the development of Chinese automobile industry is fast. The initial annual sales of less than 15 million, and in 2009 the Chinese automotive industry production and sales have exceeded 10 million mark, which also makes our country automobile industry in the production and sales of it reach the first two place in the world. To regulate the number of passenger cars. Starting from December 23, 2010 Beijing takes through a new way to obtain license plate, but in 2013, China’s automotive industry production and sales and entered a new stage, and the production and sales volume has reached more than 20 million. Our country automobile industry market is still very hot, and people’s consumption of car has a strong rigid demand.In this paper, first of all, we have the profitability analysis interpretation and an overview and definition of profitability analysis concept, respectively from the production and operation of the profitability analysis, analysis of the profitability of assets, the owner investment profitability analysis and cost control of the profitability analysis of the four aspects carries on the elaboration, for the descriptive analysis and quantitative analysis to lay a good foundation. Then, we make the index selection and construction. Then, we select indicators of explanation and elaborate. After the Index building is completed, the paper has a general overview and analysis by descriptive statistics on the overall profitability of the automobile industry in our country, and from the four aspects of the profitability of the production and operation of profitability, asset profitability, owner of the investment and cost control of profitability respectively in this paper states the situation of China’s automobile industry. That the car industry respectively in production and management, owner of the investment, capital and cost control four aspects respectively in 2001, 2005, 2010 and 2014 the four time nodes of the development status. In general, the automotive industry in the past 15 years has a rapid development, profitability in 2005 increased year by year, after 2010 has the rapid development trend, in terms of the number of listed companies, the automotive industry listed companies from 44 to 103 has been a qualitative leap. Next, I choose the biopharmaceutical industry and real estate industry, using the multiple factor variance analysis and horizontal comparison, and found that the automotive industry and the two industries compared the advantages and disadvantages of the profitability of Listed Companies in the automotive industry. That means, in the pastten years, the automotive industry overall development situation is good enough. Then, to analysis the quantify of the bio pharmaceutical listed companies, the author selects structural equation model to carry on the analysis, obtains the profitability of capital has the biggest impact on overall profitability, followed by the owner of the investment profitability and production operating profitability and cost control of profitability is negative, the extent of the impact on the overall profitability without the first three latent variables and a series of significant conclusions. Then we get the model, and take some listing Corporation data into the basic findings and found that the results are consistent with the actual situation. Finally, we summarize the results of the analysis and give some simple suggestions and countermeasures.