Khasapa’s fundamental analysis / 139% growth of Saipa’s production in February – Tejaratnews
According to Tejarat News, Sapia Company was established in 1344. The first cars of this company were the products of its French partner, Citroen; Saipa continued to produce Renault 5 in an agreement with Renault. After the revolution, the government acquired Saipa company on July 16, 1358.
In 1372, Saipa opened the production line of one of the best-selling cars in the history of Iran, the Pride. Currently, Saipa’s main activity is the manufacture and sale of all types of light and heavy vehicles and their spare parts and accessories and the sale of the aforementioned products.
The shares of this company are now traded in the second market of the stock exchange and in the automobile and parts manufacturing group; With a market value of about 43 thousand 422 billion tomans, Saipa is considered the largest company of this group after Iran Khodro.
Increase production to meet demand
The release of cars in the commodity exchange, which took a more serious form at the beginning of the second half of this year, caused a tremendous change in this industry. However, the contradictory news of the entry of the car into the commodity exchange has had a great impact on the volatility of the car manufacturers’ stocks.
On the other hand, Vazat Samet has announced in its new announcement that the big car pre-sale plan will start this week and all car manufacturers’ products will be offered in the integrated car system.
This is while Iran Khodro had previously announced the release of its products on the commodity exchange. This caused the shares of car manufacturers to face a noticeable drop last week.
Despite all this, Saipa was able to perform well in its production and sales last month. Thus, this report examines Saipa’s performance in February this year.
Saipa activity report for February
Saipa’s February monthly performance report shows that the company was able to increase its production and sales during this period. So that Saipa’s production increased by 11% in this period and reached 34 thousand 419 units from 31 thousand 43 units in January.
A review of Saipa’s monthly reports in the last year indicates that Saipa’s production in February this year has grown by 139% compared to the same period in 1400. It should be mentioned that Saipa had produced 14 thousand 407 machines in Bahman 1400.
Also, this report shows that the company’s sales this month increased by seven percent compared to last month. Saipa managed to sell 34,786 units of its products in February this year. This number was recorded as 32,605 in January this year.
It should be noted that the company’s sales in Bahman this year have increased by 37% compared to the same period in 2014.
Further examination of this financial statement shows that the total amount of the company’s sales this month has increased by 50% and 86% compared to January this year and February last year, respectively.
It should be mentioned that the total sales amount of the company this month has reached five thousand and 843 billion tomans.
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