Cimc Vehicles (Group) Co.Ltd(301039) will continue to strengthen the research and development of new energy vehicles

Recently, Cimc Vehicles (Group) Co.Ltd(301039) held a 2021 performance conference. It was revealed at the meeting that Cimc Vehicles (Group) Co.Ltd(301039) the factory in Pingshan District, Shenzhen has resumed work, and the overall arrival rate of workers and orders have not been greatly affected.

Cimc Vehicles (Group) Co.Ltd(301039) ceo and President Li Guiping said that the employees in the company’s plant area will not only do a good job of epidemic prevention in strict accordance with the work process, but also protect the work facilities. So far this year, the impact of the epidemic on Cimc Vehicles (Group) Co.Ltd(301039) is relatively small.

Referring to the planning in the field of new energy this year, Cimc Vehicles (Group) Co.Ltd(301039) said that the company will continue to strengthen the research and development of new energy special vehicles, carry out joint development strategy with the main engine factory, actively research and promote new energy, intelligent, digital and lightweight green products, and enhance the competitiveness of sustainable development with the help of the moat advantages forged by the high-end manufacturing system.

It is reported that Cimc Vehicles (Group) Co.Ltd(301039) 2021 achieved an operating revenue of 27.65 billion yuan, a year-on-year increase of 4.3%; The net profit is 990 million yuan; Earnings per share is 0.48 yuan.

In 2021, the global demand for automobile manufacturing and logistics transportation will gradually recover. In order to enhance its leading position in the world and gain competitive advantage, Cimc Vehicles (Group) Co.Ltd(301039) split the original three core business segments into six businesses or groups, namely “qiangguan business group”, “lighthouse pioneer business”, “terabyte business group”, “urban muck truck business”, “North America business” and “Europe Business”.

Looking forward to the future, Cimc Vehicles (Group) Co.Ltd(301039) said it would integrate and coordinate six businesses or groups. Among them, the total sales volume of qiangguan business group will strive to rise against the market and realize the increase of gross profit and net profit; Lighthouse pioneer business will grasp the high-quality development opportunity of Chinese semi-trailer and improve the market share and gross profit margin of Chinese semi-trailer; The total sales volume of refrigerated box of terabyte business group is expected to outperform the market, put dry goods box products into the market, actively optimize the production capacity of Zhenjiang factory, complete the construction of Jiangmen factory and put the products into the market; The urban muck truck business will expand the joint development strategy with the main engine plant to maintain the leading edge of products and business; The North American business will seize the opportunity of the recovery of overseas market demand and improve the order delivery capacity; The European business will further optimize the corporate governance structure, support the transformation and upgrading of SDC company, and further improve the profitability of the company through the core workflow of cross ocean operation.

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