Affected by the downturn in the commercial vehicle market: Jiangling Automobile's revenue declined by 19.53%in the first half of the year, and the Volvo acquisition project is still ongoing

21st Century Business Herald reporter Du Qiaomei reported

On August 30, Jiangling Automobile (000550) released the first half of 2022. In the first half of this year, Jiangling Automobile achieved operating income of 14.223 billion yuan, a year -on -year decrease of 19.53%; net profit was 452 million yuan, an increase of 11.64%year -on -year.

Jiang Ling Automobile pointed out in the financial report that due to the increase in profits brought by the land and ground building disposal of Qingyunpu factory, the profit decline in sales, the decline in sales of raw materials and chip costs.

Specifically, in June this year, Jiang Ling Automobile obtained 759 million yuan in land acquisitions through the sale of Qingyunpu Factory, accounting for more than 50 % of its total revenue in the first half of this year.

However, after deducting the profits brought by non -recurring profit and loss projects such as selling factories, Jiangling Automobile's net profit at home in the first half of the year was a loss of 108 million yuan, a significant decline of 195.25%from the same period last year.

From the perspective of business, due to the low market market in the first half of the year, Jiangling Automobile's overall sales volume of 136,000 units, a year -on -year decrease of 23.24%; from the perspective of product structure, a total of 34,200 light passenger cars and 37,000 trucks were sold in the first half of the year. , 35,800 pickups and 28,900 SUVs.

Among them, the two commercial vehicle sectors in Jiangling Automobile's main business fell 43.44%and 36.51%year -on -year, respectively.

According to data from the China Automobile Industry Association, in the first half of the year, the production and sales of commercial vehicles were 1.683 million and 1.702 million, a year -on -year decrease of 38.5%and 41.2%, and their performance was sluggish. Moreover, the risk of some chips and the risks of mismatches still exist, the pressure on the production cost of new energy vehicles, and weak consumption and other factors will continue to affect the production and sales of commercial vehicles. According to the judgment of the automotive market throughout the year, the China Automobile Association is expected to sell 4 million commercial vehicles throughout the year, a year -on -year decrease of about 16%.

In order to improve operating efficiency, Jiangling Automobile will focus on light commercial vehicles and SUV models. While consolidating the market position of the commercial vehicle market, it will strengthen passenger cars and accelerate the development of new energy vehicles. Digital transformation.

It is worth noting that Jiang Ling Automobile also disclosed the progress of 100%equity of the sale of wholly -owned subsidiaries Jiang Ling Heavy Motors Co., Ltd.

According to the data, on August 23 last year, Volvo Truck and Jiangling Motors signed an equity acquisition agreement. Volvo will acquire 100%equity of Jiangling Heavy Motors Co., Ltd. for the acquisition price of RMB 780 million and its production base in Taiyuan.

According to the initial plan, the acquisition should be completed by the end of 2021. The Volvo truck will produce the production of the Volvo FM, FH and FMX series heavy trucks at the Taiyuan production base at the end of 2022.

However, from the perspective of Jiangling Automobile's financial report, the current transaction is still underway. In the first half of this year, the project's net loss was RMB 48 million.

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