[Group News] CIMC Vehicle Performance Growth in the First Three Quarters Continues, Net Profit 22.77 亿同比提升244.6%
October 26, 2023
On the evening of October 25th，CIMC Vehicles（301039.SZ/01839.HK）Released the third quarter financial report of 2023.。The first three quarters，CIMC Vehicle fully implements the core strategic measures under the third venture.，Business Breakthrough，Performance growth continues.，A total of 116 Vehicles sold worldwide,273/Table set，Top of the list of semi-trailers in the world for 11 consecutive years。
Three quarterly reports show，1-September，The operating revenue of CIMC Vehicles amounted to RMB19.5 million..6.8 billion yuan，Year-on-year increase of 12.42%；Net profit attributable to shareholders of the listed company amounted to RMB22.2 million..7.7 billion yuan，Significant increase over the same period 244.64%；The net profit attributable to the shareholders of the listed company after deducting non-recurring gains and losses amounted to RMB14.1 million..0.4 billion yuan，Year-on-year growth of 112.59%；Basic earnings per share of 1..13 yuan，Year-on-year growth of 242.42%；The weighted average return on equity was 16 percent.62%，Year-on-year increase of 5.52 percentage points。
Steady improvement in profitability，Six major businesses or groups show strong strength
Since 2023，Facing the complex and severe international environment，European and American Governments Continue to Raise Interest Rates，Inflation continues，Differentiation of Global Manufacturing Recovery。Standing at the New Stage of China's Economic Transition to High Quality Development，The implementation of a series of steady growth policies of the Chinese government，Effectively consolidate economic resilience growth，Endogenous power is constantly increasing，Economic and Consumption Recovery Appears，Domestic heavy Truck industry has a clear trend of recovery。
1-September，The company actively grasps the growth opportunities in overseas markets.，The profitability of global semi-trailers has been improved.。To be specific，The North American semi-trailer market has gradually returned to stability.，The North American business has firmly grasped the market opportunities.，Profit achieved a year-on-year growth.；At the same time，Strong business growth in Europe and emerging markets，Year-on-year increase in profitability；Business in the Chinese market has maintained a steady development trend.，And gain market share in the market segments.。
In terms of six major businesses or groups，Lighthouse Pioneer Business Group's Strategic Measures for Structural Reform of Domestic Semi-trailer Production Organization，Promote the overall remodeling of the organization、Workforce optimization and streamlining，Gross profit margin of domestic semi-trailers increased year on year。At the same time，Lighthouse Pioneer Business Group Seizes the Opportunity of Strong Demand in Emerging Markets，Develop and integrate channel resources，Revenue and gross profit margin of semi-trailer business in emerging markets increased year on year；North American business continues to grow，Tamping the niche of transoceanic operation，Both revenue and gross profit margin increased year-on-year.；The European business has achieved remarkable results in cost reduction and efficiency enhancement，Profits are surpassed；Qiangguan Business Group goes up against the trend，Open the way to the sea，Increase market share，Sales volume and revenue increased year on year；Terabyte Business Group-The muck Truck business has brought forth new ideas、Explore the development of new energy；Terabyte Business Group-Optimize the organization and development of urban distribution van business，Drive business transformation。
“Star Chain Project”Enter a new stage，New Energy Head-Hanging Integrated Products Accelerate Commercialization Process
2023，The company started“Star Chain Project”，Committed to promoting the structural reform of China's semi-trailer production organization，Break through the bottleneck of semi-trailer business，Bring about end-to-end business model changes，Boosting sales and profits，Achieve high-quality industry integration、Innovation of distribution mode、Vision for continued growth in market share and value。
Under the third entrepreneurial journey，The company actively integrates the production of seven semi-trailer factories in China.、Circulation、Allocation and consumption of resources。At present，“Star Chain Project”The new organization has been built into shape.。Coming up，Star chainLTPProduction line investment will be landed。At the same time，Our company has built a new energy source train.、Innovation and Entrepreneurship Platform for Evolving Traditional Fuel Head-Hanging Integrated Solution，Accelerate the commercialization process of new energy semi-trailer。
Look to the future，The company will concentrate its superior resources.，Be stronger and better“National Unified Commercial Vehicle and Special Vehicle Market”All kinds of business。Relying on innovation drive，Achieve connotative growth，Steadily improve the operation quality of the six major businesses or groups。At the same time，We will uphold“Innovation、Coordination、Green、Open、Share”A new development concept.，Continue to forge the endogenous force of the third venture，Contribute to the Chinese-style modernization drive！
