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Financial Report of CIMC Vehicles for the Third Quarter of 2022: The Domestic Market Ushered in a Turning Point, and the Sales Revenue of Vehicles in the Overseas Market Greatly Increased by 81.41%

October 25, 2022

On the evening of October 25th,CIMC Vehicles(301039.SZ/01839.HK)Released its third quarter financial report for 2022.。

During the reporting period,CIMC Vehicle achieved an operating revenue of RMB6.,210.61 million yuan,Year-on-year increase of 28.0%,The operation has stabilized and improved.;The net profit attributable to the shareholders of the listed company after deducting non-recurring gains and losses amounted to RMB311.3 million..7 million yuan,Year-on-year growth of 226.1%。

Three quarterly reports show,Facing the complex environment of the international economy,CIMC Vehicles in 2022 1-In September, the operating income reached RMB 17.,406.5 million yuan,The net profit attributable to the shareholders of the listed company after deducting non-recurring gains and losses amounted to RMB66.00 million..3 million yuan,Year-on-year growth of 19.7%,Gross profit margin increased by 1% year-on-year.55 percentage points。Total sales of all types of vehicles worldwide 112,039 vehicles/Table set。Among,Revenue from vehicle sales in overseas markets amounted to RMB9,334.3 million yuan,Year-on-year significant growth of 81.4%,Highlight the tenacity and advantages of transoceanic operation。

First three quarters of 2022,CIMC's performance is stable and maintains its competitive advantage.。Total assets up to 224.200 million yuan,An increase of 3% from the end of last year.0%;Net assets amounted to 128.200 million yuan,An increase of 3% from the end of last year.5%;The asset-liability ratio was 42.8%,Down 1% from the first half of 2022.6 percentage points;Net cash flow from operating activities amounted to 582..9 million yuan,Year-on-year growth of 441.6%。

As the Chinese government has made solid progress in economic and social development,、Sustained efforts to stabilize the economy and other policies,Recovery of domestic logistics demand。In the global geopolitical conflict、The Federal Reserve raises interest rates、Inflation is high、Fluctuations in commodity prices and the energy crisis.,The global economy is at risk of recession,Opportunities and Challenges Coexist in Overseas Markets。

During the reporting period,CIMC Vehicle Lighthouse Pioneer Business、Revenue of the Terabyte Business Group increased on a sequential basis.,Gross margin performance improved on a quarter-on-quarter basis.;Qiangguan Business Group Accelerates the Integration of Products and Business Layout;North American business continued to grow rapidly in the first half of the year.,Gross profit margin was further improved on a month-on-month basis;Solid revenue performance in Europe。

Lighthouse Pioneer Business,With the recovery of domestic logistics demand,Lighthouse pioneer business is actively promoted“Lighthouse Manufacturing Network”Layout,PushLTPAndLTSLanding,Full release“Lighthouse”Plant capacity;According to the statistics of China Association of Automobile Manufacturers,2021,CIMC has a 12% market share of semi-trailers in China.1%,Market share continues to climb,Ranked first in the country for three consecutive years。

North American Semitrailer Market Continues Strong Demand,2022 1-September,The North American business of CIMC Vehicles has achieved rapid growth in operation and business.,The volume and price of the three major products have risen simultaneously.,Operating income increased by 130 percent.2%,Gross profit margin increased by 4.8 percentage points,Significant improvement in profitability。

Under the guidance of transoceanic business strategy,CIMC's European business rose against the trend,Steady increase in operating income 17.3%。

Qiangguan Business Group,September 2022,China's Heavy Truck Market Sales of Various Models 5.20,000,Year-on-year growth of 13%,The year-on-year decline in heavy Truck sales in the second half of the year is expected to narrow significantly.。The first three quarters,CIMC Vehicle actively develops new energy pure electric concrete mixer,Sales of new energy Concrete Mixers increased by 100% year on year%。

Urban muck Truck business,CIMC Vehicle actively carries out joint development strategy with OEMs,Launch new energy innovative products,Explore innovative solutions for customers。2022 1-September,New energy urban muck trucks delivered by the Company's factories in Xi'an and Baoji recorded a significant increase of 312.0% as compared with the same period last year.%

Terabyte Business Group Focuses on Strategic Customers,Develop new energy field,Push out terabytesKGHydrogen energy Refrigerated Truck body and other products。2022 1-September,Sales of new energy products of the Terabyte Business Group increased by 100 percent%。

Entering the fourth quarter of 2022,With the recovery of domestic infrastructure investment、Steady growth policy landing、Implementation of the policy of phased reduction and exemption of highway truck tolls,China's Special Purpose Vehicle Market Is Warming Up。CIMC will seek opportunities and breakthroughs in the market segments,We will continue to expand the joint development and market promotion of new energy special vehicles with the main engine factory.,Grasp the opportunity of new energy development,Increase market share,Consolidate and expand the company's competitive advantage。Overseas,The North American market is expected to continue strong demand.,Actively seize business growth opportunities,Consolidate operating performance in North America;The European market is experiencing the challenge of energy crisis.,High energy prices push up production costs,Or impact on the stability of the European industrial system,The company will rely on the advantages of transoceanic operations.,Actively respond to the energy and supply chain crisis,Achieve high quality and stable production and delivery。

At present,China's Manufacturing Industry Is Actively Digitalizing、Green Carbon Reduction Transformation。Future,CIMC vehicles will continue to lay out new energy fields,Give full play“Lighthouse Manufacturing Network”Efficiency,Continue to build high-end manufacturing system,Promoting high-quality development。

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