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  • 500元 倍投方案 稳赚:BAIC Motor Announce 2016 Annual Results, Profits Increase 92% Year on Year

    时时彩刷水稳赚的玩法 www.qgyq.net Date: 28 March 2017     

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    BAIC Motor?(1958.HK)?officially released its annual results of 2016 in the performance announcement conference?held on 27 March 2017. The company made a very remarkable performance last year, when the sector of self-owned brands maintained an accelerated growth momentum and realized positive annual gross profits?for the first time. The joint venture sector led by Beijing Benz continued its past outstanding performance, achieving a breakthrough increase both in sales and profits.

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    Chen Hongliang, President, BAIC Motor (Middle), Sun Ke, Secretary of Board, BAIC Motor (Left) and Li Deren, Director of Finance Center, BAIC Motor (Right)

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    The results show that in 2016, BAIC Motor's?profitability level and profitability capability both increased significantly with the total operation revenue?of 116.2 billion RMB?yuan, growing 38.1%?year-on-year. 6,367 million RMB?yuan net profits attributable to equity holders has been realized, increasing 91.90%?compared with 2015 and earnings per share reached 0.84 RMB?yuan.

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    The automobile market in China started to?rebound?in 2016. Figures released by the China Association of Automobile Manufactures show that the industry realized the sales growth of 13.7% in the whole year, of which the passenger car sales increased by 14.9% and the automobile industry’s proportion in the nation gross value of industrial output was further enhanced. In this background, BAIC Motor’s four major sectors BJ Brand, Beijing Benz, Beijing Hyundai and Fujian Benz developed rapidly, achieving a total annual sales of 1.929 million complete cars. The 16.4%?year-on-year growth and the 16.7%?compound sales growth for the passed five years are?both higher than the overall growth rates of the passenger car industry of the country, and also helped to accomplish the “Sales Drives Performance” objective?for the company.

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    Self-owned Brands: Gross Profits Positive for the First Time, 2016 Objective?Accomplished

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    The "E (New Energy) +S (SUV)" product strategy was implemented for self-owned brands in 2016. With new energy cars and SUVs becoming two major growth points for the China market in recent years, BAIC Motor successfully launched a variety of star models, covering different consumption demands, and was fully recognized widely by the market. In 2016, the?company sell 457,000 self-owned brand?cars, up 35.6%?year-on-year?and increasing 73% in operation revenue compared with 2015.?In 2016, the gross profits of self-owned brands cars showed?positive for the first time?and the year’s annual objective was accomplished successfully.

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    Joint Venture: Breakthrough?Lift in Profitability?in Beijing Benz

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    In 2016, Beijing Benz sped up to the?product structure optimization and completed?the product upgrade for all series. New products got immediate popularity after hitting the market?and sales climbed constantly. All series of cars reached historic monthly peak sales in 2016. Beijing Benz achieve the annual sales of 317,000?in 2016, up 26.7%?year-on-year, whose sales scale leaped to the second luxury passenger car brand and the growth rate ranking the first?in domestic?market.?Its operation income increased by 28.7%?and profits rose by 74.3%?both on year-on-year basis. With the breakthrough lift both in earning power and earning level, Beijing Benz continued to lead the luxury car market in China.

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    Beijing Hyundai, another joint venture brand of BAIC Motor, in spite of?increasing?industry?competition, achieved total sales of 1.142 million cars in 2016, growing?7.5%?year-on-year. By selling over one million?cars?for the fourth successive year, Beijing Hyundai maintained?its fourth place in the?JV brand sales ranking.?In?2016,?Beijing Hyundai’s models?exceeding 100,00?sales per month?amounted to seven and the number of star products set a model for the industry, which reflects its strong product planning capability and powerful sales strength.

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    In 2016, Beijing Motor completed the acquisition of 35% shares of Fujian Benz, extending its complete car sectors from three to four. The monthly sales of Fujian Benz continued to rise since the acquisition in September and finally realized the total sales of 13,000 for 2016, rising 87.5%?year-on-year. By launching two new models - V-Class and New Vito, Fujian Benz further lifted its competitiveness in market.

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    2016, the opening year of the "13th?Five-Year Plan" for the company, was a rewarding year for BAIC motor, during which?the company made outstanding performance with innovation and change. In 2016, BAIC motor was widely recognized by the industry with rapid development, repaid?investors with good returns and brought back a satisfactory performance answer to shareholders.

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  • 兄弟,别以为在体制内就觉得很牛掰...就是混吃等死,这辈子消磨完拉倒。 2019-05-25
  • 把住网红食品安全关(民生观) 2019-05-24
  • 廉政教育--安徽频道--人民网 2019-05-24
  • 回复@看着就想笑:那就你说了算 2019-05-20
  • 两姐妹为争同一个男人大打出手,做父母的左右为难得罪谁都不是 2019-05-19
  • 【十九大·理论新视野】动漫:“伟大工程”如何造就 2019-05-18
  • 区域经济新格局显现 高质量均衡发展成重点 2019-05-18
  • В Пекине закрылась первая сессия ВСНП 13-го созыва 2019-05-17
  • 我发现从五+年代农业用化肥农药,在六+年代几百年长的柿树几乎死光。没人研究! 2019-05-08
  • 化学竟可以这么美 中国学霸拍摄化学反应视频火遍全球 2019-05-08
  • 13岁少年杀3幼童被收容教养 下调入刑年龄可控犯罪 2019-05-07
  • 网约车谨防四类风险 小心遗落手机被司机私自转账 2019-05-07
  • 8单位首次发出广州建筑遗产保护利用倡议 2019-05-03
  • 一切腐败分子和一切为钱的各种违法犯罪高发:1、不是来自从无偿占有一个鸡蛋私心开始,而是从私有制社会存开始,因为占有他人一个鸡蛋的私有观念欲望,是从社会存在产生派 2019-04-22
  • 2017年我国门诊抗菌药物使用率下降到7.7% 2019-04-22