The title picture is from IC photo, this article is from the WeChat public account: , author: Cheng Chang, editor: Qian Yi

The hard times for the automotive industry have not yet counted down.

The Chinese auto market experienced a historical trough in sales decline for the first time in 28 years in 2018. The market performance in 2019 was even more unsatisfactory. The decline in auto sales expanded, which is the most difficult year in the industry. In the 2020 year, it fell into the mud of the epidemic, making the car market even more difficult.

The recession of the general environment is reflected on the listed car companies, and the problems and difficulties are magnified several times.

During the in-depth adjustment stage of the auto market, auto companies have optimized their business operations in an attempt to “downsize” to reduce the burden. In terms of short-term strategic adjustments, car companies usually take the lead in making articles on employees, layoffs and pay cuts to save the “near fire”.

Watchmaker/Yiou Automobile Business Analyst Cheng Chang

Since 2018, China’s auto market has entered a state of negative growth. Car companies have made preparations for the winter in 2019, and they can detect one or two from their salary.

Resonating with the negative growth of the auto market in 2019, many listed auto companies have reduced their operating costs and sales expenses, which has become the entry point for auto manufacturers to reduce costs, optimize and open source during the adjustment period.

In the financial statements, employee salaries are an important part of period expenses and operating costs, which can provide a glimpse of the operating status, development strategy change trajectory and corporate management characteristics of listed car companies.

Yiou Auto calculates the average annual salary of employees of these car companies by calculating the 2019 annual reports of 21 Chinese listed car companies, and analyzes the annual salary of employees based on the characteristics of the car companies. Some of the results obtained are obviously different from people’s intuitive feelings.

I. Average annual salary: BAIC first, GAC countdown

Listed companies are large in scale, highly stable, and have proven sustainable profitability,And after years of iteration and improvement, the management method has evolved into company characteristics, company culture, and core barriers. Studying the distribution of employee salaries by listed auto companies may reveal the universality of the auto industry.

Watchmaker/Yiou Automobile Business Analyst Cheng Chang

The average annual salary of these 21 listed car companies is 150,000 yuan, and the highest average annual salary of Beiqi Blue Valley has doubled the industry average.

In the 2019 annual average salary list of auto companies, BAIC New Energy (BAIC Blue Valley)< /span> Leading by 305,300 yuan, car companies with an average annual salary of more than 200,000 yuan, Beijing Automobile and FAW cars, the remaining annual salary of most car companies hovering between 100,000 and 200,000 yuan, and the bottom of the ranking is The average annual salary of BYD, GAC Group and Lifan Corporation is less than 100,000 yuan.

Watchmaker/Yiou Automobile Business Analyst Cheng Chang

Lifan’s “low salary” is not without reason, and its loopholes have already appeared at the management level.

Lifan Motors, which was listed on the A-share market in 2010, entered the field of new energy vehicles as early as 2007.