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The company is mainly engaged in the manufacture of light trucks, pick-up trucks, light trucks, and parts and components. It benefited from economic recovery and the promotion of cars to the countryside. The company’s car sales in 2009 hit a record high, achieving a total operating income of 10.433 billion yuan, a year-on-year increase of 21.50%. The total profit realized was about 1.244 billion yuan, an increase of 37.82% year-on-year.
From the sales data released recently, the company’s production and sales boom continued, with 41.30 million products sold in the first quarter, an increase of 70.30% year-on-year, and an increase of 29.18% compared to the fourth quarter of last year. It is expected that the company will be able to surpass its market expectation. Performance report.
Looking into the future, the accelerated development of the company will continue. The point is:
1. New products will be launched soon. At the end of 2010, the company will launch its own next-generation SUV and pickup product N350. Its design capacity is 50,000 units/year, and it will be fully operational in the second half of 2011.
2. Expand production capacity and lay the foundation for future high-speed growth. The Board of Directors passed a number of investment proposals with an investment of 566.5 million yuan, which was mainly used to increase the production capacity of stamping, painting and subordinate parts factories. The completion time of each capacity enhancement project was from the first half of 2011 to the first half of 2013, and the company’s production capacity after the completion of the project. Will achieve an annual output of 210,000 vehicles; invest 98 million yuan to build N350SUV automatic car models and invest 30 million yuan to build a 2.2-liter Puma engine 4C localization project, put into operation by the end of 2012.
Jiangling Motors: It is worth looking forward to continuous high growth of commercial vehicle