The operating industry will benefit directly The price of refined oil is lowered, and listed companies engaged in the transportation industry seem to be able to directly benefit. However, a person in charge of a listed company engaged in urban bus operations in eastern China said in an interview with reporters: “The impact of the price cut on refined oil products on the company’s performance has yet to be assessed, but the intuitive feeling is that the impact may not be significant.â€
It is reported that in the domestic urban public transport industry, the fuel cost accounts for approximately 30% to 40% of the total cost, and the proportion of diesel vehicles accounts for the vast majority. The above-mentioned person in charge told the reporter: “At present, most of the shipping companies rely on government subsidies, but after the decline in refined oil prices, government subsidies will also decrease, so the impact of the decline in refined oil prices on the performance of the company should not be too great. â€
Boost Consumer Confidence in the Automotive Market In addition to companies directly engaged in the transportation industry, listed companies in the automotive manufacturing sector will also benefit from the decline in refined oil prices. In an interview with the reporter, FAW Xiali Dong secret secretary Meng Junkui said: “The decline in refined oil prices is definitely a good thing for the industry. The drop in oil prices will have a positive impact on this year’s sluggish auto sales. However, this reduction will not have any impact on this year’s results. What effect."
Qin Xuwen, senior analyst of Orient Securities Automotive Industry, said in an interview with reporters: “The reduction in refined oil prices is actually a supporting policy for the introduction of fuel tax. After the drop in international oil prices, this profit became part of the fuel tax, and the other part was reduced. Prices and profits are given to consumers.Currently, the state has introduced such a policy, the main purpose is to improve the consumer environment and investment environment, it is certainly beneficial to the automobile manufacturing industry, but the specific benefit has yet to be seen, some of the production of small displacement by The listed company of the car may be the biggest beneficiary."
GF Securities analyst Tang Jun also believes that the cut in refined oil prices will boost consumer confidence in the automotive market, but she believes that more benefit will likely be commercial vehicles. She said: "This time, the price adjustment will directly influence the market consumption for passenger cars, so related companies will benefit. Commercial vehicles use more oil, and the drop in oil prices can reduce the cost pressure on freight customers. Save on car expenses."
Recently, measures including fuel tax and reduction of refined oil prices have been introduced in succession, showing the government's determination to support the auto industry. Recent news pointed out that the state is investigating the problem of tax relief on automobile purchases. Qin Xuwen believes that “this series of policies will help stimulate passenger car consumption, but overall, the future consumer trends of passenger vehicles still have to look at consumers. Consumer confidence."
With regard to commercial vehicles, some analysts believe that after the price cuts for refined oil products, the operating costs of commercial vehicles will be reduced, thus driving the consumption of commercial vehicles.
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