2023-05-14 13:56:53
BEIJING, May 14 (Xinhua) — CIMC Vehicles (Group) Co., Ltd. (CIMC Vehicles), a manufacturer of semi-trailers and special performance vehicles, recently Publish first quarter earnings report (January-March), which indicates that the Company’s overseas business keep growing
The report showed operating income in the first quarter reached 6.58 billion yuan (regarding 10.21 billion U.S. dollars), up 28.29 percent year on year. Net profit filed to the parent company was 479 million yuan (regarding 2.33 billion baht), up 285.25 percent year on year.
The company sold 36,386 vehicles worldwide in the first quarter, a 9.57% increase from the previous year, indicating that the company has Maintain stable profitability in domestic and international markets
business of the company North America saw good growth in the first quarter on the back of policy stimulus and booming demand for multimodal transportation.
The company will focus on developing a new model for its North American business in the second quarter. (April-June) to try to increase market share continuously. Along with seeking new growth opportunities in the European market
(Compiled by Yu Huichen — Xinhua Silk Road,
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