Chongqing Changan Automobile Company Limited(000625) 4 the annual report of 2021 released on 27 April shows that the company achieved an operating revenue of 105142 billion yuan, an increase of 24.33% year-on-year; The net profit attributable to the parent company was 3.552 billion yuan, a year-on-year increase of 6.87%; The net profit after deducting non profit was 1.653 billion yuan, with an increase of 150.85% and earnings per share of 0.47 yuan. The company’s profit distribution plan for 2021 is to pay out 2.33 yuan (including tax) for every 10 shares and increase 3 shares.
During the reporting period, the company took “firm transformation, innovation breakthrough, digital drive, quality improvement and efficiency enhancement” as the key, served to build a new development pattern, firmly promoted the third entrepreneurship – innovation and entrepreneurship plan, promoted the high-quality development of enterprises, focused on building an automotive industry ecosystem, steadily improved its industry status and development quality, and achieved a good start in the 14th five year plan.
Facing the challenges of repeated epidemic fluctuations, chip supply shortage, power and production restriction and in-depth changes in the automotive industry, the company focused on the improvement of scale, market share and profit, strengthened marketing traction and paid close attention to the improvement of business quality. The annual sales volume was 2.301 million, with a year-on-year increase of 14.8%, and the market share increased by 0.8 percentage points year-on-year, returning to the fourth place of the automotive group; The sales of Chinese brand cars in Chang’an were 1.755 million, with a year-on-year increase of 16.7%, ranking second in the industry; Chinese brand passenger car enterprises in a narrow sense ranked second in the industry, and the gap with the first in the industry narrowed by 63.7% compared with 2020.
In terms of products, last year, Changan passenger car brand and Auchan brand achieved sales of 966000 and 228000 vehicles respectively, with a year-on-year increase of 20.0% and 49.0% respectively, significantly better than the narrow passenger car industry. Changan passenger cars and overseas sales reached record highs. The sales of new energy vehicles exceeded 100000 for the first time, with a year-on-year increase of more than 200%, significantly better than the industry. At the same time, Changan Ford achieved annual sales of 305000 vehicles, a year-on-year increase of 20.3%, and achieved “two consecutive increases” year-on-year. SUV models and high-end cars contributed more than 70% of the sales, including 89000 Lincoln brand sales, a year-on-year increase of 109.1%.
Looking forward to 2022, Chongqing Changan Automobile Company Limited(000625) set the business goal: strive to produce and sell more than 2.45 million vehicles. In terms of products, the company plans to launch a variety of electrified, motorized and intelligent products during the year.
